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Colombo, Sri Lanka, Mar 4, 2022 - (ACN Newswire) - GROW, an incubation service for blockchain and emerging technology projects, has announced the opening of its operational offices in Sri Lanka. Located in One Galle Face Tower, Colombo, the GROW office opening had in attendance personnel from all sectors of government, including Namal Rajapaksa, the Sri Lanka Minister of Digital Technology and Enterprise Development.

At the ceremony, Namal Rajapaksa relayed the Sri Lanka government's stance on the remarkable achievement.

"We are proud and happy to have you guys here as young entrepreneurs in the blockchain technology sector and taking Sri Lanka, leading Sri Lanka into the new era. As a Government, myself, my secretaries here, the Central Bank, Deputy Governors, all of us, are excited to be here today and to welcome you all," Minister Rajapaksa said.

GROW is Committed to Bolstering Innovation and Adoption of New Technologies

GROW aims at harnessing innovation in the budding Web3 space, creating innovation for youths, building sustainable business models via Web3, and advancing a national strategy for Web3 education with an emphasis on gaming, token economics, and the metaverse.

GROW capitalizes on Sri Lanka's refreshing approach to new technologies and developing markets like Web3, blockchain, and the metaverse. GROW recognizes the untapped potential that is the South Asian market and has set up an operating base in Colombo. This move, GROW hopes, will inspire other emerging platforms in the new technology space to leverage Sri Lanka's excellent approach to these new markets.

GROW is pioneering the introduction of lenient and progressive legislative regulations and policies that will aid Web3 experts in developing decentralized applications [DApps] and ecosystems that will open an avalanche of earning opportunities for the people of Sri Lanka. Additionally, GROW is committed to creating national awareness about these emerging markets and highlighting the undeniable positive impacts on the economy.

Peter Carroll, CEO & Founder of GROW, while speaking at the opening ceremony, reiterated GROW's commitment to recognizing and widening the opportunities in the metaverse, blockchain, gaming, and Web3 markets. Mr. Carroll believes forward-thinking leadership could put Sri Lanka at the center stage—as a vehicle for the proliferation of these exciting and newfangled technologies.

"New technological economies are combining with widespread technological infrastructure and forming the building blocks of our economic future. How they are utilized and regulated will define social mobility for today's youth. At GROW, we firmly believe these times are part of a shift, from the innovation phase of a technology breakout to the early adoption phase of the blockchain-based industries of Web 3.0," CEO Peter Carroll further said.

Citing "sandbox" as what Sri Lanka could be, GROW's founder unequivocally stated that Colombo could be one of the leading hubs for frontier technologies globally.

"I mean, think about it, what drives an entrepreneur? Building! We build ideas, products, and businesses, so what could be more exciting than being here in Colombo and helping to develop the people, economy, and tech infrastructure of a $120 billion state-of-the-art Smart City?

For us, the answer is simple: nothing! We want to engage with the blue-chip companies of Web 3.0 like Animoca Brands, Polygon and encourage them to help us drive opportunity, to educate and build traction because we believe Central and Southern Asia can drive actual adoption.", Peter Carroll said.

About GROW

GROW is an incubation service for blockchain-based projects and emerging markets like Web3 and the metaverse. GROW aims at facilitating the real-world impact of blockchain technology. To achieve this, GROW offers a complete set of innovative features and ideas, advisory networks, and connections for Web3 builders.

Social Links
Instagram: https://www.instagram.com/growgrouphq/
Twitter: https://twitter.com/GrowGroupHQ
LinkedIn: https://www.linkedin.com/company/79858038/admin/
Medium: https://thegrowgroup.medium.com/

Media Contact
Brand: GROW
Contact: Ash McDowell, Executive Assistant
Email: [email protected]
Website: https://thegrowgroup.com/

SOURCE: GROW

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

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British Virgin Islands, Feb 25, 2022 - (ACN Newswire) - NexBloc Inc. today announced that it is opening a funding round on Monday, February 28, using Credits and Token Rewards for the NexBloc platform. By purchasing Credits for use on NexBloc, buyers will get rewarded with the NexBloc Utility Token. The Credits will never expire, and as additional products and services get added to the platform, it will encourage faster usage of Web 3.0.
The NexBloc Utility Token, anticipated to be named $NEXB, will be used for numerous benefits to holders including:
- staking for discounts off domain purchases and services
- farming for yield
- access to gated content such as NFT Avatars and partner offerings
- direct purchases with the burning of those tokens
- governance for managing the token by the DAO

The tokens will be listed on exchanges by mid-Spring 2022 so that owners can accumulate amounts they can use for the above benefits. Governance will be enabled by creating a DAO (decentralized autonomous organization) structure to be established by the end of 2022. The DAO will take over token economics through a process that staking owners specify. It will also provide project approvals for community-sponsored ideas that improve the use of the decentralized web. A portion of NexBloc revenue will be escrowed to fund the projects approved by the DAO.

Dana Farbo, Founder of NexBloc, stated that "NexBloc solves the needs of Web 3.0 infrastructure with a blockchain DNS. Our focus on building community and a strong business will position us to win in the bDNS space. Other participants have one or the other but not both."

It is estimated that blockchain DNS will follow a similar path for tools and resources that the centralized DNS space took. bDNS and services annually open a total addressable market (TAM) of close to USD 200 billion over the next decade. NexBloc will vie for a sizable market share by bringing new products and services to its user base. Furthermore, with the use of Credits and through the staking value of tokens, community members and customers will see significant benefits for using NexBloc to build new products for the future of the internet.

About NexBloc

NexBloc is building the next generation of the internet with blockchain DNS at the core. Blockchain digital entities tied to the decentralized web is the future of personal data protection and use.

Founded as a BVI company in 2021, NexBloc has created proprietary technology stacks to custom deploy bDNS systems. They currently have over ten private blockchain top-level domains (bTLD) in various forms of deployment. In addition, they are working to build the most scalable, omnichain interoperable platform for deploying bDNS.

Website: www.nexbloc.com
LinkedIn: https://www.linkedin.com/company/80164369
Medium: https://medium.com/nexbloc
Twitter: https://twitter.com/nexbloc
Telegram: https://t.me/nexbloc

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comNexBloc Inc. today announced that it is opening a funding round on Monday, February 28, using Credits and Token Rewards for the NexBloc platform.