Latest news with #B3
Associated Press
04-07-2025
- Business
- Associated Press
B3 Acquires Fast-Growing Gaming PC Builder Andromeda Insights, Launches First Gaming Rig With Physical Self-Destruct And Hard Wallet
B3, an open gaming ecosystem built by Coinbase alums to power the next-gen of gaming experiences, today announced a strategic investment in Andromeda Insights, one of the fastest-growing gaming PC manufacturers with over 1,700% year-over-year growth since launching in 2021. The strategic acquisition positions B3 at the intersection of gaming and premium hardware as it introduces the first elite gaming PC built specifically for the gaming community, launching later this year. This marks B3's first step into hardware, expanding beyond the ecosystem and into the full gaming stack. By owning the machines that power play, B3 advances toward a fully integrated ecosystem spanning protocols, apps, and hardware to support the complete gaming experience. It accelerates B3's goal to onboard half the world to community-powered gaming, while providing Andromeda Insights the resources to scale and meet the overwhelming demand that causes frequent stock outages on major platforms like Amazon and Newegg. Andromeda Insights has quickly achieving $5M+ in annual revenue through zero marketing spend, relying entirely on organic growth and word-of-mouth. Since transitioning to PCs in 2022, Andromeda Insights has seen remarkable market traction: 955% revenue growth in 2023 and 1,761.3% in 2024; 3,900% sales increase in 2023 and 1,923% in 2024; and already showing 82% revenue growth and 35% unit growth in the first five months of 2025. 'This strategic investment represents a perfect alignment of our shared values - while B3 focuses on getting classic and genre-bending games into as many hands as possible, Andromeda's mission centers on delivering as many premium, affordable gaming PCs to the community as possible,' said Daryl Xu, NPC Labs Co-founder & CEO and core contributor to the B3 protocol. 'Together, we're making gaming more accessible and the machines we play them on more powerful.' The company will continue operations under its current CEO, Matt Huffman, who will lead Andromeda Insights and its growth under the B3 umbrella. This will also support their continued mission to provide white-glove service to users throughout the PC's lifetime. 'Andromeda Insights and B3 are committed to the ongoing evolution of the gaming industry and are working together to catalyze innovation at the intersection of performance and ownership. Our partnership will further develop gaming systems and platforms that empower both developers and players,' said Matt Huffman, Founder & CEO of Andromeda Insights. Along with the acquisition, B3 and Andromeda Insights will launch the first PC purpose-built for secure gaming, a paradigm shift that bridges high-performance gaming with crypto-specific security. Designed using the latest, premium components for maximum performance, the PC will also include instant internet disconnect capabilities, and a dual storage system with a dedicated self-destruct drive for sensitive data that can be physically wiped at a moment's notice. Preorders and the full product reveal for the PC are scheduled for July 2025. Gamers can sign up for updates and presale notifications here. About B3 Built by the ex-Base team, B3 is the first open gaming ecosystem that powers the next generation of gaming experiences to make games fun again. Through its revolutionary infrastructure, B3 empowers game studios and developers to deploy custom gamechains, share in ecosystem revenue and scale their games seamlessly across networks. Players can explore games on B3's gaming platform BSMNT. Follow B3's latest developments on X (Twitter) About Andromeda Insights Andromeda Insights is a next-generation system integrator pushing the boundaries of what's possible in desktop gaming performance, reliability, and service. Built by enthusiasts for enthusiasts, Andromeda Insights specializes in custom gaming PCs for pro gamers, content creators, and power users that are engineered to dominate today's most demanding games. With a core belief that gaming PCs should be powerful, personal, and problem-free, every build comes with the AI Guarantee, a 2-year parts warranty, lifetime labor warranty, and lifetime service coverage to ensure they exceed expectations out of the box and long into the future. For more information, visit Media Contact Company Name: B3 Contact Person: Viktoriya Hying Email: Send Email Country: United States Website: Source: Brand Push
Forbes
30-06-2025
- Business
- Forbes
Brazil Leads Crypto ETF Race With New Hybrid Bitcoin/Gold Product
Sao Paulo skyline view from the swimming pool at the Unique Hotel in Sao Paulo, Brazil. (Photo by ... More Paulo Fridman/Corbis via Getty Images) Hashdex, the Rio de Janeiro-based crypto asset manager, is teaming up with Buena Vista Capital to launch a hybrid bitcoin and gold exchange-traded fund on Brazil's B3 stock exchange. The new offering advances Brazil's status as a global leader in the cryptocurrency ETF sector. When GBTC11, as the product will be known (not to be confused with Grayscale GBTC Trust in the US), goes live on July 29, Brazil's B3 exchange will boast 22 ETFs that offer full or partial exposure to crypto assets. GBTC11 will track the FTSE Bitcoin and Gold Risk Weighted Index and is designed to be a unique blend of two assets that are heavily sought after in volatile economic climates. Allocations will be adjusted dynamically with gold exposure increasing during crypto market downturns, and bitcoin exposure increasing when gold is in a lull period. With an estimated initial share price of R$30 (US$5.52) and a management fee of 0.98% annually, the GBTC11 will offer portfolio protection and growth potential to both small and large investors alike. Renato Nobile, founder and portfolio manager at Buena Vista Capital, said in a statement: Henry Oyama, director of investment strategies at Hashdex, said: While Brazil represents a small percentage of total cryptoassets under management globally, its capital markets infrastructure in the segment - as evidenced by these ETFs -are remarkably complex. These funds have 180,000 investors, with daily transaction volume averaging R$50 million (US$9.1 million) and total assets under management surpassing R$5 billion (US$920 million). Other longer-standing products include Hashdex's HASH11, which features a weighted basket of cryptocurrencies, and other single asset funds focusing on bitcoin and Ethereum have been around since the 2021. In September 2024, Brazil became the first country to approve single asset Solana ETFs. Hashdex and QR Asset subsequently became the first in the world to launch these products. In April of this year, Hashdex launched the world's first XRP ETF. In June 2025, the B3 exchange launched trading of Ethereum and Solana futures contracts. As investors globally continue to look for heightened exposure to crypto assets in a regualted and institutional-grade manner, Brazil stands out as a trailblazer.
The Citizen
30-06-2025
- Business
- The Citizen
B3 Funeral Services to host charity golf day to empower township communities
B3 Funeral Services will host its 20th Annual Golf Day on September 12 at Benoni Lake Club. The charity event aims to raise awareness of the daily challenges faced by people in townships like Kwa-Thema. Through this event, companies have each sponsored between R10 000 and R120 000 to participate. The event will provide a platform for business executives, captains of industry, sponsors, and friends of the B3 Group to exchange ideas and form meaningful partnerships. B3 chairperson Matthews Mogafe, who was raised in Kwa-Thema, said he is committed to helping those in need. 'I understand the suffering of our people. Something that may not seem important to you can be a great need for someone else – something as simple as sugar,' Mogafe explained previously. Initially, proceeds from the golf day were dedicated solely to benefiting the Kwa-Thema Stimulation Centre. The proceeds were used to help develop the centre from a temporary structure into a permanent one. For more information, call Katlego Mogafe on 082 806 4447 or email kmogafe@ ALSO READ: SARS 2025 tax season opens in July: Prepare early to avoid penalties ALSO READ: Kwa-Thema Housing Crisis: Deep Level residents seek repairs after years of neglect in Kwa-Thema At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
16-06-2025
- Business
- Yahoo
Brazil's new Rio stock exchange to start operations later than expected
RIO DE JANEIRO (Reuters) -A Rio de Janeiro-based stock exchange is expected to begin operations by the end of April 2026, the executive leading the project said on Monday, a delay from initial projections. The new bourse, called Base Exchange and controlled by Abu Dhabi's Mubadala, could shift Brazil's financial landscape, as Sao Paulo-based stock exchange B3 currently reigns in the Brazilian market. Claudio Pracownik, CEO at Rio de Janeiro's Base Exchange, told Reuters the revised timeline reflects regulatory processes. Previously, operations were expected to start this year. Tests for the new exchange have been conducted at the Brazilian securities watchdog CVM, while simulations at the central bank are expected to take place by August, according to Pracownik, who expects to receive the necessary regulatory authorizations by the end of the year. Base hopes to compete with B3 by using different technology and operating at lower cost, he said. "We are proposing to do better, faster and cheaper." B3 did not immediately respond to a request for comment. Pracownik said he has already spoken with representatives of the main companies whose shares trade on B3, and that they showed interest in also trading their shares on the Rio de Janeiro exchange. "These companies have nothing to lose. Petrobras, Vale, Banco do Brasil and others expressed interest in trading," said Pracownik. Banco do Brasil and Petrobras did not immediately respond to requests for comment. Vale declined to comment. The new exchange, which would initially trade assets such as equities, intends to launch new products every eight to nine months, including derivatives and options, to be able to compete with B3, Pracownik added.
Bloomberg
31-05-2025
- Business
- Bloomberg
Nigeria Upgraded to B3 by Moody's on Fiscal, Forex Gains
Nigeria 's sovereign credit was raised by Moody's Ratings, citing the removal of oil subsidies, a more flexible exchange rate and improvements in its fiscal status. The credit assessor upgraded Africa's largest oil producer's foreign currency debt to B3, six notches below investment grade, from Caa1. The outlook was changed to stable.
