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Spot Raises $5.5M in Seed Funding Led by Freestyle

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Spot Raises $5.5M In Seed Funding Led By Freestyle
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Capital to help next-gen communication platform double down on technology, expand user base

SEATTLE–(BUSINESS WIRE)–Today, next-generation communications platform, Spot, announced $5.5M in combined Seed Round funding led by Freestyle and additional investors, including Liquid 2 Ventures, Community Access Fund, and Founder’s Co-Op. The Seattle-based company was established by Outreach co-founders, Gordon Hempton and Wes Hather.

Spot helps high-performing organizations communicate more effectively while enhancing team experience, building company culture, improving retention, and amplifying productivity. Teams can communicate within the platform using virtual avatars in a branded office setting while accessing a comprehensive team chat and video conferencing, a more integrated solution compared to Slack, Discord, and Teams. The platform combines a uniquely personal metaverse experience with enterprise-grade communication tools and provides a comprehensive solution to remote workforce challenges.

“Spot is bridging the gap between the in-person work experience and the static text-and-tile communication methods we see with remote workforces,” stated Spot CEO and co-founder, Gordon Hempton. “We know the future of remote communication will be more immersive, but it also needs to be accessible. With Spot, anyone with a web browser can instantly access the service and take advantage of a more engaging experience for their distributed team. We believe that companies can leverage this type of technology to drastically improve the work experience today.”

With Spot, organizations can build their own virtual customizable workspace that easily reflects the company’s brand and culture. Team members can host meetings, share screens, collaborate instantly, or start a conversation just by interacting with the avatars in the space. Communication is organized with channels, threads, direct messages, and reactions seamlessly integrated into one easy-to-utilize solution.

“There was an influx of “metaverse adjacent” technology companies in the past year, but we saw something different with Spot,” noted David Samuel, Partner at Freestyle. “Spot is the only business-critical metaverse platform in which real organizations operate today. We’re seeing real tech adoption, with many teams switching to Spot as their primary communications tool. We think Spot’s hybrid approach, which combines the benefits of the metaverse with the ease of legacy communication tools, will fill a crucial corporate gap in the future of work.”

Spot is used by teams from companies including Google, Apple, GoGlobal, and Change Stage. The company plans to use the funding to double down on Spot’s technical capabilities, expand the team and attract more users.

For more information on Spot, or to create your own virtual workspace, visit https://www.spotvirtual.com.

About Spot

Spot’s next-generation communications platform combines the metaverse experience with enterprise-grade tools to help high-performing remote organizations enhance team engagement, build corporate culture, improve retention, and amplify productivity. Founded in 2020 by Outreach cofounders Gordon Hempton and Wes Hather, the Seattle-based startup provides access to comprehensive team chat and video functionality and allows anyone with a browser to instantly communicate within the platform using virtual avatars in a branded office setting. Used by global brands including Meta, Uber, American Express, and Apple, Spot provides a comprehensive solution to remote workforce challenges for businesses everywhere. For more information, visit https://www.spotvirtual.com.

About Freestyle

Freestyle Capital is an early-stage venture capital firm with over $385M AUM and investments in over 130 technology companies, including Airtable, Intercom, Patreon, and BetterUp. General Partners David Samuel and Jenny Lefcourt are serial entrepreneurs and business operators with more than 25 years of technology experience. To learn more, visit https://www.freestyle.vc.

Contacts

Ashley Mann, Pinegrove PR

[email protected]
206.300.9891

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ETH Struggles To Break Past $1,300 Resistance

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ETH, post-merge, has taken traders and investors on a thrilling adventure. The value of Ethereum has decreased by a stunning 26.36 percent since the much-hyped Merge.

The token’s recovery from June to August was fully erased by this decrease and the market catastrophe on September 13.

Fears of a further decline for the token are palpable as the price struggles to break through the 61.80 Fib level, currently at $1,329, following the U.S. Federal Reserve’s interest rate hike announcement. This might indicate that prices will continue to fall.

ETH On A Downward Trajectory

There was a precipitous drop in ETH’s price from September 13-19, fairly dissimilar to the drop in May and June but far lower in magnitude.

The result is the same, though; a dramatic drop in investor trust in both the token and the ecosystem as a whole.

The ETH TVL hasn’t improved much after the switch to proof-of-stake. It fell from $34.63 billion to $30.38 billion between September 13th and 19th, the same time period as last year, which is a massive decline of 12.27%.

As of this writing, the price of the coin oscillates above and below the $1,300 area. This can be understood as a continual conflict between bulls and bears.

Additionally, ETH encountered a rejection wick earlier today, September 26. However, this bearish trend could be short-lived.

Likelihood Of A Positive Price Momentum

ETH has shown indicators of possible positive momentum on the micro and macro levels as of today. This can serve as a glimmer of optimism for ETH traders and investors.

The Stoch relative strength index has been increasing from oversold area. This indicates that the bulls are gathering momentum, which could propel ETH past the $1,300 price resistance.

ETH has already accomplished this on both the micro and macro scales as of this writing.

On the 1-hour chart, Ethereum bulls are currently attempting to consolidate their position above the indicated resistance in order to convert it into a support. he momentum indicator is trending upwards.

However, this is likely merely a tiny pump-in cost. As the price fell 4.04% between the end of September 25 and the beginning of September 26, traders may be buying the dip.

This price decline may give day traders with an investment opportunity.

ETH total market cap at $162 billion on the daily chart | Source: TradingView.com

Featured image from CryptoMode, Chart: TradingView.com

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LBank Weekly Listing Report, 26th September 2022

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Lbank Weekly Listing Report, 26Th September 2022
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As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities.

New Listings on LBank Exchange

Scheduled this week starting on 19thSeptember.

For a more complete list please follow our twitter@LBank_Exchange

About:

SIDO P2E platform project avoids paying non-sustainable ‘bait’ rewards to gain short-term interest or an operating method that does not consider players or token holders. It is designed to structurally develop the platform and game to pursue sustainability and scalability to solve the problems of existing projects.

SIDO platform consists of the main services SIDO Exchange, SIDO Wallet, and SIDO ID, and the component SIDO Token, a cryptocurrency usable in various places, including platforms and games. SIDO games linked to the SIDO platform may contain their own game tokens and game item NFTs, all usable within the SIDO platform. 

About:

Privateum is the world’s first FinTech platform fully owned by its token (PRI) holders.  Every PRI holder is a rightful Privateum member-owner. It is an ecosystem of integrated products and services that enable Privateum members to perform a variety of operations in a 100% secured, private and trusted environment.  Privateum ecosystem is built on trust and collaboration and due to its cooperative business model, it connects all users in order to realize their economic, cultural, and social needs. Privateum is committed to making the world a better place!Get PRI and unlock new possibilities.

  • Project:CROS
  • Listing date: 27th September
  • Key words: Marketting/DeFi / investment, Initial listing, BSC
  • Official Website: http://cronus.club/

About:

Through the “CRONUS Project”, Cronus will propose a new cross-platform economic ecosystem for mutual growth with media, advertisers, and users.

Cronus plans to release various S/W and H/W through artificial intelligence (AI)-based cross-platform.

  • Project:ERR
  • Listing date:27th September
  • Key words:  DEFI, Listed on Bitmart, XT, Polygon
  • Official Website: https://coinerr.io

About:

Coinerr aims to facilitate payments by bringing the success of e-banking solutions, ecosystem, and blockchain into one coin.

  • Project:G2TOKEN
  • Listing date:28th September
  • Key words: Metastable, Initial listing, AVAX
  • Official Website: https://g2token.com/

About:

BridgeCoinIt is a unique cryptocurrency that is backed by gold, and at the same time price can be increased. It is achieved by establishing a gold fund. Ownership of a G2 Token is a proof of the ownership of a share of the gold fund. 

G2 Token is a smart combination of Bitcoin and Paxgold. One can think that G2 Token is gold backed Bitcoin. Price of G2 Token can be increased, but its price can never go below a certain level (which is determined by the amount of the gold at the gold fund).

  • Project:GTN
  • Listing date:29th September
  • Key words: Initial listing, Mainnet
  • Official Website: https://relictum.pro

About:

Relictum Pro is an advanced public and private blockchain platform, where every device is a node able to conduct instant and cheap transactions.Relictum Pro is the first global blockchain service that provides the opportunity to optimally use modern equipment with a great deal of future. Your node can work easy on your MacBook or Windows laptop and any mobile devices anytime and anywhere. Explore a new world of decentralized opportunities. Trade on the exchange, communicate in a secret chat, store files, manage your finances and node.

Summary of Last Week’s Listings –19th September to 25th September,2022

About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from more than 210 regions around the world.

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Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

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FTX Won Voyager Digital Assets Acquisition Against Binance

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Ftx Won Voyager Digital Assets Acquisition Against Binance
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