Technology
SandboxAQ Signs Definitive Agreement with the U.S. Department of Commerce for $500 Million CHIPS R&D Award
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2 days agoon
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SandboxAQ will use physics-based AI to develop, validate, and then commercialize critical formulations for American semiconductor manufacturing and to drive national security needs
PALO ALTO, Calif., June 17, 2026 /PRNewswire/ — SandboxAQ announced today a definitive agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for a $500 million award to address one of the most urgent challenges in American manufacturing: the foreign control of critical materials and chemistries that are essential to semiconductor manufacturing.
The award provides funding to develop novel molecules and formulations for semiconductor manufacturing within four programmatic areas: PFAS-free process chemicals, catalysts, rare earth-free magnets, and battery systems. SandboxAQ will then advance the strongest breakthrough results into scaled domestic manufacturing and commercialization, via high-performing American manufacturing partners. This funding supports R&D across target categories in which foreign supply suppressed domestic production for decades and will ultimately strengthen national and economic security.
SandboxAQ will invest in enhancements to its ReAQT software platform and Large Quantitative Models (LQMs) to accelerate its work in virtually screening millions of candidate materials, after which it will select the most promising to validate with lab partners. LQMs are AI systems trained on the laws of physics, chemistry, and biology, not human language. What otherwise would take decades of laboratory trial-and-error can now run as a targeted, AI-driven campaign. The award allocates the funding across four material programmatic areas and for foundational investment in SandboxAQ’s core LQM platforms for advanced chemical and materials development critical to semiconductor manufacturing. In connection with the award, the Department of Commerce will receive a minority, non-voting equity stake in SandboxAQ.
“President Trump is committed to strengthening America’s semiconductor supply chain and ensuring national security,” said Secretary of Commerce Howard Lutnick. “This award will accelerate the discovery and innovation of critical materials and reduce our reliance on foreign-controlled materials.”
Jack Hidary, CEO of SandboxAQ, said: “Securing America’s semiconductor future means controlling the materials that drive this vital sector. SandboxAQ’s Large Quantitative Models are grounded in the engineering and physics needed to address the needs of our domestic semiconductor sector. This award from the U.S. Department of Commerce enables SandboxAQ to run advanced AI-driven programs across four critical material categories and then work with partners to scale the resulting formulations.”
The four programmatic areas of the award are:
Per- and Polyfluoroalkyl substances (PFAS) are “forever chemicals” that appear throughout chip manufacturing as heat-transfer fluids, lubricants, insulating coatings, and surface treatment chemicals, and no compliant alternatives yet exist at scale. U.S. semiconductor factories that cannot certify PFAS-free alternatives may risk simultaneous supply disruption and regulatory exposure that could force production cutbacks in newly built domestic facilities. SandboxAQ has developed approaches to PFAS breakdown to address this issue and will build on this work with the CHIPS Act award.Catalysts play critical roles throughout the semiconductor fabrication process, including in the generation of ultra-pure gases that enable materials to be precisely deposited one atomic layer at a time, and also to mitigate the resulting hazardous fluorinated exhaust that such processes produce. SandboxAQ will build on the progress already made by its AQCat workflows (which are built on 13.5 million high-fidelity quantum chemistry calculations developed in collaboration with NVIDIA) to screen catalyst candidates at near-quantum-chemistry accuracy 20,000 times faster than traditional methods, and reduce catalyst development timelines in commercial deployment. This recent paper details some of the catalyst work.America’s semiconductor factories depend on a primarily foreign-controlled supply of permanent magnets. China controls more than 90 percent of global neodymium-based permanent magnet production, and those magnets sit inside every advanced chip printing machine, vacuum pump, and precision actuator that positions silicon wafers to tolerances smaller than a virus. SandboxAQ will use ReAQT and its LQMs to screen magnet chemistries that eliminate or sharply reduce reliance on neodymium and other heavy rare earth elements, at a speed and precision no prior method has matched, targeting formulations that can be manufactured using existing U.S. production equipment lowering the capital barrier to commercialization.The CHIPS Act was designed to rebuild domestic semiconductor manufacturing. Semiconductor fabrication factories require uninterrupted, precisely controlled, localized power. A current disturbance lasting only minutes can force tool shutdowns, reduce wafer yields, and trigger costly unplanned downtime. Most chip factory backup power systems depend on battery materials (lithium, cobalt, key chemical precursors) that are heavily concentrated overseas. As a result, a geopolitical or supply chain shock could potentially disrupt a U.S. semiconductor factory. SandboxAQ will build on the progress already made by its AQVolt workflows, which is a frontier AI model for battery chemistry. This programmatic area will develop battery chemistries that do not depend on lithium and other materials that have foreign chokepoints.
ReAQT : One Platform Across All Four Programmatic Areas
ReAQT, SandboxAQ’s AI simulation platform, is the foundation for all four material programmatic areas and is built to operate at scale. SandboxAQ plans to deepen its investment in ReAQT in order to accelerate the development timeline for new materials discovery. ReAQT generates its own physics-grounded training data through high-fidelity simulations, including Density Functional Theory, Molecular Dynamics, and reaction modeling, then trains SandboxAQ’s proprietary Large Quantitative Models (LQMs) on that data and integrates them directly into Design-Make-Test workflows. Because LQMs learn from physical laws and real-world data, they deliver accurate predictions about materials that have not been previously synthesized, giving researchers a reliable map of what is possible before committing to expensive lab work.
Dr. Stefan Leichenauer, Vice President of Engineering at SandboxAQ, said: “We built ReAQT around an insight that translates directly into competitive advantage. The most accurate simulation methods are too slow to search the range of materials that matter at scale. Models trained purely on existing data are fast but break down when applied to materials they have never seen. ReAQT solves both problems by generating its own high-quality training data grounded in physics, then training our Large Quantitative Models on it. The result is a platform that makes reliable predictions about materials, compressing development timelines in ways that shift what is commercially viable.”
Background: Key Research Papers and Published Resources
SandboxAQ published its frontier AI catalyst model in Nature NPJ Computational Materials and has a growing body of published technical and scientific results which can be found in its online library of papers.
Allam, O., Wander, B., Kim, S. et al. “AQCat25: unlocking spin-aware, high-fidelity machine learning potentials for heterogeneous catalysis“, Nature NPJ Computational Materials (27 April, 2026).
Rask, A., Huntington, L., Kim, S. et al., “Breaking down per- and polyfluoroalkyl substances (PFAS): tackling multitudes of correlated electrons“, Chemical Science, 2025, Volume 16, 19099.
For further published work, see the SandboxAQ Technical Library: SandboxAQ Technical Research.
Transaction Advisors
Skadden, Arps, Slate, Meagher & Flom LLP, Wilson Sonsini, and Crowell & Moring LLP, and PwC acted as advisors to SandboxAQ.
About SandboxAQ
SandboxAQ is a B2B company delivering solutions at the intersection of AI and quantum techniques. The company’s Large Quantitative Models (LQMs) deliver critical advances in life sciences, financial services, navigation, and other sectors. SandboxAQ is an independent, growth-backed company funded by leading investors and strategic partners including funds and accounts advised by T. Rowe Price Associates, Inc., Google, Alger, IQT, US Innovative Technology Fund, S32, Paladin Capital, Eric Schmidt, Breyer Capital, Ray Dalio, Marc Benioff, Thomas Tull, and others. For more information, visit www.sandboxaq.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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SOURCE SandboxAQ
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In the news release, MDA Space announces definitive agreement to acquire US-based Blue Canyon Technologies LLC, issued 19-Jun-2026 by MDA Space over PR Newswire, we are advised by the company that a change has been made. The complete, corrected release follows:
MDA Space announces definitive agreement to acquire US-based Blue Canyon Technologies LLC
Expands Total Addressable Market for MDA SpacePositions company to further pursue substantial US defence market opportunitiesAdds a profitable, cash-generating business with 18-year historyTransaction expected to be accretive to Adjusted EBITDA1 and Adjusted EPS1 in 2027Adds high-quality spacecraft and satellite component supplier business and US$3.5B (approx. C$4.9B) to pipelineComplementary technology and customer setAdds key talent & manufacturing facilities in Denver, Colorado space & aerospace hub
TORONTO, June 19, 2026 /PRNewswire/ – MDA Space Ltd. (TSX:MDA) (NYSE:MDA) (the “Company”), a trusted mission partner to the rapidly expanding global space industry, has signed a definitive agreement to acquire 100% of the membership interests of Blue Canyon Technologies LLC in an all-cash transaction for a purchase price and enterprise value of US$620 million (approximately C$874 million), subject to purchase price adjustments. Blue Canyon Technologies (BCT) is a spacecraft and satellite component manufacturer and mission services provider, currently part of RTX’s Raytheon business.
With more than 85 spacecraft launched and 3,500+ products on orbit, BCT has established impressive flight heritage and mission success since the company was founded in 2008. Once completed, the transaction is expected to provide MDA Space with a strategic business and manufacturing footprint to capitalize on growing demand in the US government market for defence space missions. With over 400 highly skilled employees and two manufacturing facilities in the Denver, Colorado space and aerospace hub, BCT offers a diverse and innovative product portfolio that enables a broad range of missions for the space economy.
“The acquisition of Blue Canyon Technologies is expected to accelerate our growth strategy by increasing our US market opportunities with highly complementary capabilities, local manufacturing footprint and a skilled and specialized talent base,” said Mike Greenley, CEO of MDA Space. “Securing those strategic benefits on an accretive basis with a profitable and cash-generating business makes this an ideal fit for MDA Space expansion and continued shareholder value creation.”
Transaction Details
The transaction will add a profitable, cash-generating business that is expected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027. With an 18-year history, BCT is a high-quality spacecraft and satellite component supplier that will add US$3.5B (approximately C$4.9B) to our opportunity pipeline. The transaction is expected to close by the end of 2026, subject to customary closing conditions and required regulatory approvals, and is fully committed and financed at signing through senior secured debt. As part of our ongoing capital allocation framework, we will evaluate opportunities to optimize our capital structure over time, subject to market conditions and broader capital deployment priorities. This transaction is expected to result in 2026 pro forma leverage within our stated target range of 1.5x to 2.5x net debt to last twelve months adjusted EBITDA.
Conference Call
MDA Space will host a conference call and webcast to discuss the transaction on Friday, June 19, 2026 at 8:30 a.m. ET. Interested parties can join the call by dialing 1-416-945-7677 (Toronto area) or 1-888-699-1199 (toll-free North America) or +44-800-279-7040 (toll-free United Kingdom) and entering the conference ID 30111. A live webcast of the conference call and an accompanying slide presentation will be available at https://mda-en.investorroom.com/events-presentations.
A replay of the webcast will be archived on the MDA Space Investor Relations website following the call. Parties may also access a recording of the call, which will be available until June 26, 2026, by dialing 1-888-660-6345 and entering the passcode 30111#.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the company’s current expectations regarding future events. Such forward-looking information includes, but is not limited to, information with respect to the Company’s objectives and strategies to achieve these objectives, as well as information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates, intentions and views of future events, including statements regarding the proposed acquisition, the anticipated timing for the closing of the acquisition, the anticipated benefits, synergies and growth opportunities expected to result from the acquisition, and any projected, estimated or forecasted financial information presented in connection therewith. There can be no assurance that: (i) the acquisition will be completed on the anticipated timeline, or at all, and the closing of the acquisition may be delayed or may not occur within the anticipated timeframe or at all; (ii) the conditions to the closing of the acquisition will be satisfied, including the receipt of all required regulatory, governmental and third-party approvals, and the failure to obtain any such approvals or satisfy any such conditions could delay or prevent the closing of the acquisition; (iii) any projected, estimated or forecasted financial information presented in connection with the acquisition will be achieved, as such projections are based on assumptions that may prove to be incorrect, and actual results may differ materially from those projected, estimated or forecasted; and (iv) the anticipated strategic benefits, growth opportunities and synergies described in connection with the acquisition will be realized as expected, or at all, as such benefits may take longer to realize than anticipated, may be more costly to achieve than expected, or may not be realized at all.
All forward-looking statements are based on assumptions and analyses made by MDA Space in light of management’s experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties and other factors which may cause the actual results, performance or achievements of MDA Space to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation the risk that the acquisition will not be completed on the anticipated timeline or at all, the risk that conditions to the closing of the acquisition will not be satisfied, including the receipt of all required regulatory, governmental and third-party approvals, and the risks and uncertainties detailed under the “Risk Factors” section of MDA Space’s annual information form dated March 4, 2026. Although MDA Space believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect and there can be no assurance that actual results will be consistent with the forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements or information included within this press release. These forward-looking statements speak only as of the date of this news release. Except as required by law, MDA Space is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
ABOUT MDA SPACE
Building the space between proven and possible, MDA Space (TSX:MDA) (NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission — bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we’ll take you there. For more information, visit mda.space.
SOCIAL MEDIA
LinkedIn: LinkedIn.com/company/MDAspace
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1 Non-IFRS measure
Correction: The MDA logo has been exchanged for the MDA Space logo.
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SOURCE MDA Space
Technology
BSE Index Services launches BSE Saatvik 100 Index
Published
45 minutes agoon
June 19, 2026By
MUMBAI, India, June 19, 2026 /PRNewswire/ — BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, today announced the launch of India’s 1st Saatvik Index, BSE Saatvik 100. The Index is derived from the constituents of BSE 500 Index that align with Saatvik principles.
The BSE Saatvik 100 Index has a base value of 1000, first value date is 20th June 2005, and it is reconstituted Semi-annually in June & December.
Speaking at the launch, Mr. Ashutosh Singh, MD & CEO, BSE Index Services Pvt. Ltd. said, “The launch of the BSE Saatvik 100 Index marks an important step in broadening the range of thematic indices available to investors seeking alignment between their investment decisions and value-based principles. As capital markets continue to evolve, investor preferences are increasingly extending beyond traditional financial metrics to include ethical, cultural and philosophy-driven considerations. The Index represents a distinctive addition to India’s indexing landscape and provides market participants with a credible foundation for the development of passive, structured and other investment products aligned with this philosophy.”
This new index can be used for running passive strategies such as ETFs and Index Funds. It can also be used for benchmarking of PMS strategies, MF schemes and fund portfolio. Investors can now access a broader spectrum of market opportunities, further enriching their investment strategies with this latest addition to BSE’s suite of indices.
Click here to know more about the index.
About BSE INDEX SERVICES PRIVATE LIMITED:
BSE Index Services Pvt. Ltd. (formerly Asia Index Pvt. Ltd.) is a wholly owned subsidiary of BSE Ltd, Asia’s oldest stock exchange and home to the iconic SENSEX index – a leading indicator of Indian equity market performance. BSE Index Services Pvt. Ltd aims to provide a full array of indices to global / domestic investors and calculates, publishes, and maintains a diverse family of indices.
About BSE:
BSE is Asia’s oldest exchange and the world’s largest exchange in terms of the number of listed companies. BSE has been playing a prominent role in developing the Indian capital market and has successfully offered an efficient capital raising platform to many companies in India. The benchmark index of BSE, Sensex, is tracked by investors across the globe is also considered as a barometer for the growth of Indian Economy. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, stock lending and borrowing.
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Technology
Belgravia Hartford Provides Technical Progress Update on gravitio.ai it’s Prediction Intelligence Platform
Published
45 minutes agoon
June 19, 2026By
Gravitio reports 5,874 recorded AI-agent predictions since April 2026, more than 8,000 cloned AI agents, early internal crypto and football prediction-performance metrics, expanded sports coverage, and continued development of its proprietary prediction-performance data layer.
TORONTO, June 19, 2026 /PRNewswire/ – Belgravia Hartford Capital Inc. (CSE: BLGV) (OTCQB: BLGVF) (FRA: ECA) (“Belgravia” or the “Company”) is pleased to provide a technical progress update for https://gravitio.ai (“Gravitio”), the Company’s fully wholly owned AI-powered prediction intelligence platform.
Gravitio has advanced its AI-agent infrastructure, prediction-tracking systems, scoring formulas, sports coverage, and market-signal tools, generating 5,874 recorded AI-agent predictions and expanding to more than 8,000 cloned AI agents across supported categories. These developments strengthen Gravitio’s ability to analyze selected market and event data, generate structured predictions, evaluate outcomes, and build a proprietary prediction-performance data layer.
Internal Prediction Performance
Gravitio’s crypto-market agents have recorded approximately 65% accuracy across selected short-term and long-term crypto prediction categories, based on the internal tracking methodology and completed predictions measured through Gravitio’s internal result-tracking process. For World Cup 2026-related football activity, Gravitio is tracking approximately 60% live accuracy across early tournament data, including match outcomes, scoring, and tournament-related categories.
These internal performance metrics are based on Company records and internal methodology. They have not been independently validated and should be viewed as product-development indicators only, not as guarantees of future prediction accuracy, trading performance, betting results, user outcomes, revenue, or commercial success. Such predictions are not financial advice or recommendations to place any wager or expect financial returns. Past predictions do not guarantee or reflect future outcomes.
User Growth Since Pilot Stage
Since Gravitio began pilot-stage activity in April 2026, the platform has grown to more than 4,000 registered users, primarily through web-based channels, early online discovery, and initial user onboarding. Belgravia views this early registered user base as an initial indicator of interest in Gravitio’s AI-agent, prediction, challenge, and gamification features as the platform advances through its public market rollout.
AI-Agent Infrastructure and Proprietary Data Layer
Gravitio’s AI-agent architecture supports scalable testing across various markets, sports categories, time horizons, prediction models, and data-weighting structures. Beyond generating predictions, this infrastructure underpins a proprietary prediction-performance data layer: every AI-agent prediction, user prediction, confidence score, scoring event, and verified outcome can contribute structured data that may support stronger AI models, agent benchmarking, user-performance scoring, improved rankings, advanced analytics, and potential business-to-business intelligence applications.
Sports, Scoring, and Market-Signal Improvements
Gravitio has expanded its sports prediction coverage beyond FIFA 2026 Tournament to include LALIGA, SERIEA, BUNDESLIGA, LIGUE1, MLS, UCL, MLB, UFC, F1, EUROLEAGUE, NBA, AFL. Gravitio has also improved its tournament prediction and scoring framework, including updated formulas that place greater weight on higher-precision predictions and category-specific difficulty, to better evaluate prediction quality and create more useful performance data across sports and event categories. Gravitio continues to improve its data-gathering and market-signal infrastructure to support stronger data ingestion, better event tracking, and more consistent evaluation of prediction results.
Market and Jurisdictional Expansion
Belgravia is reviewing opportunities to introduce Gravitio across additional markets and jurisdictions as part of its broader growth plan, considering regulatory requirements, product availability, user demand, sports and financial-data access, technology infrastructure, third-party data dependencies, payment systems, app-store availability, and local compliance considerations.
CTO Commentary
Mr.Mehrdad Safarmohammadloo, Chief Technology Officer of Gravitio, commented:
“Since April, our focus has been on strengthening the technical foundation of Gravitio. We have expanded our AI-agent infrastructure, increased the number of recorded predictions, improved our data pipelines, and developed new scoring formulas to better evaluate prediction performance across different categories. The most important part of this work is the data layer behind the system — every agent prediction, user prediction, final result, and scoring event helps us understand how the platform performs and where it can improve. Gravitio is being designed as an adaptive prediction system, not a static prediction application. Our objective is to continue improving the relationship between data, AI agents, human prediction activity, and verified outcomes as we prepare the platform for broader commercial, market, and jurisdictional expansion.”
About Gravitio
Gravitio is an AI-powered prediction intelligence platform developed by Belgravia Hartford Capital Inc., designed to analyze selected markets, sports, events, and real-world outcomes through AI agents, data gathering, machine-learning systems, user predictions, scoring formulas, and performance tracking. Gravitio is publicly available through its web, iOS, and Android applications. For more information, visit https://gravitio.ai.
About Belgravia Hartford Capital Inc.
Belgravia Hartford Capital Inc. is an investment issuer focused on technology, finance, artificial intelligence, digital assets, and related investment opportunities. Listed for trading on the Canadian Securities Exchange and OTCQB, focused on the tech and finance sectors of the Bitcoin ecosystem. The Company’s focus, as set out in its 2018 Investment Policy, specifies cryptocurrencies, artificial intelligence, media and digital streaming opportunities. Belgravia invests in a portfolio of private and public companies located in jurisdictions governed by the rule of law. Belgravia and its investments are considered very high-risk holdings, and it may expose shareholders to significant volatility and losses.
Forward-Looking Statements and Disclaimer
This press release contains forward-looking statements regarding Belgravia, Gravitio, the Company’s technology development strategy, AI-agent infrastructure, prediction systems, sports prediction features, World Cup 2026-related prediction activity, user growth, scoring systems, data infrastructure, third-party validation options, market and jurisdictional expansion, product development, and future commercial opportunities. Forward-looking statements are based on current expectations and are subject to risks, uncertainties, regulatory requirements, technical dependencies, product validation, market conditions, commercial execution risk, digital asset market volatility, user adoption, data availability, third-party service dependencies, app-store requirements, payment-processing requirements, and other factors that may cause actual results to differ materially.
Gravitio’s prediction outputs are probabilistic and are not guaranteed. Any references to prediction accuracy, verified predictions, agent performance, scoring systems, user counts, or internal tracking results are based on Company records and internal methodology and may change as additional data becomes available. The internal prediction-performance metrics described in this press release have not been independently validated and should not be interpreted as a guarantee of future prediction accuracy, investment performance, trading performance, betting results, user outcomes, revenue, or commercial success.
The content of this press release should not be interpreted as financial advice, investment advice, trading advice, betting and gambling advice, or a guarantee of profit, income, prediction accuracy, or future monetary return.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Belgravia Hartford Capital Inc.
/C O R R E C T I O N — MDA Space/
BSE Index Services launches BSE Saatvik 100 Index
Belgravia Hartford Provides Technical Progress Update on gravitio.ai it’s Prediction Intelligence Platform
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