Maiven, a London-based startup, has raised €1.7 million in funding to enhance its AI-powered platform that helps medium and large businesses monitor and navigate the complexities of climate policy and regulatory changes. The funding round was backed by prominent investors including Pale Blue Dot, Ada Ventures, Tiny VC, Ventures Together, Earth, and angel investors such as Dorothy Chou, Brandon Mhangami, and Daphne Dovermann.
Addressing Climate Policy Challenges with AI:
Many companies, particularly those in high-carbon industries, often lack visibility into the current and future policies that could impact their global operations and supply chains. This gap in knowledge leads to missed opportunities and increased risk, ultimately affecting financial and operational performance.
Larsen Mabika, CEO of Maiven, emphasized the need for proactive decision-making:
“The current macro and geopolitical environment are making climate policy and the regulatory landscape more volatile. This will change fundamental market dynamics and put companies’ current operating models under pressure. In this context, anticipating changes and making timely and informed decisions is crucial for business viability. We are unlocking the power of AI to provide the necessary tools and insights to navigate these complexities, ensuring businesses can make decisions to prepare for a low-carbon future.”
Strategic Partnership with Climate Impact Partners
Maiven has partnered with Climate Impact Partners to empower businesses with actionable insights on how carbon policies affect their climate goals and how to effectively use carbon credits to stay compliant.
Chris Duck, Claims and Assessment Director at Climate Impact Partners, commented on the partnership:
“In a market inundated with regulatory changes, our clients require actionable intelligence, not just data. They need support to pinpoint the climate policies that directly affect their climate and carbon strategies. Maiven is tackling this challenge, enabling corporates to respond to policy shifts with confidence. This will also be critical for our carbon project partners, ensuring they can evolve and adjust to align with the latest developments.”
Real-Time Monitoring and Automated Alerts:
Maiven’s AI-powered platform provides personalized real-time monitoring, tracking global policy developments and sending automated alerts to inform companies of changes that could affect their operations. By detecting policy changes early, Maiven helps businesses prevent revenue loss and unlock new opportunities in the evolving regulatory environment.
About Maiven:
Maiven was founded by Larsen Mabika (CEO) and Georgie Steele (CTO) to develop AI-driven solutions that assist medium and large businesses in high-carbon industries to mitigate costs and increase revenue opportunities by staying ahead of climate policy changes.
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On Wednesday, U.S. Senator Elizabeth Warren (D-MA) took aim at a stablecoin-focused bill making its way through Congress, accusing U.S. President Donald Trump of using the legislation to further his own financial interests.
The Massachusetts senator shared the critique while linking a post about President Trump’s decentralized finance project, World Liberty Financial, launching its own stablecoin USD1 on Ethereum and Binance’s BNB Chain.
Warren voiced her concerns on social media, claiming President Trump is leveraging the project as a “grift” to “enrich” himself.
“Congress should step up and fix the current stablecoin bill moving through the Senate that will make it easier for Trump—and Elon Musk—to take control of your money,” Warren wrote, criticizing the “Financial Innovation and Technology for the 21st Century Act” (FIT21) bill.
The FIT21 bill seeks to create a clear regulatory framework for digital assets, with U.S. Rep. French Hill (R-AR) mentioning that in the “next few days,” legislators will roll out a revised bill.
In the meantime, the Trump administration is moving to make the U.S. the “crypto capital of the world” through a series of initiatives, including the creation of a SEC Task Force dedicated to overseeing digital asset regulations.
President Trump also called for “simple, common-sense rules for stablecoins and market structure” during a video call at the Blockworks crypto conference in New York last Thursday.
The stablecoin market currently holds over $238 billion in circulation, as per CoinGecko data, with Tether (USDT) making up a significant portion.
Trump’s crypto czar, David Sacks, has previously promised to introduce legislation on stablecoins and market structures within the first 100 days of Trump’s second term.
The Massachusetts senator recently challenged Sacks to prove he’s not “directly profiting off of the Trump Administration’s efforts to selectively pump the value of certain crypto assets,” as he claimed he sold all his crypto assets before beginning in his role as crypto czar.
Elon Musk’s influence within the government, particularly through his role in the Department of Government Efficiency (DOGE), has only fueled Warren’s concerns.
The initiative, which Musk heads, aims to reduce government bureaucracy and eliminate excess regulations, but it has faced criticism for potentially giving Musk—and by extension, his business interests—a disproportionate amount of influence over U.S. financial policy.
In January, Warren lambasted DOGE in a letter to the Dogecoin aficionado, accusing the department of being a potential “venue for corruption.”
The senator’s letter to Musk suggested a range of changes, including cracking down on tax loopholes for the wealthy and reforming government contracts to cut wasteful spending.
Edited by Sebastian Sinclair
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The following is a guest post from Susannah Evans, IBC Product Lead at Interchain Foundation.
The future of the internet is shaping up to be promising, and there is no doubt that blockchain and Web3 technologies have been at the forefront of this innovation, promising decentralization, security, and financial sovereignty. However, despite all its advancements, mass adoption of the technology still remains elusive. The primary culprit? A poor user experience. Even though interoperability protocols have improved significantly, the process of moving assets and interacting across multiple chains still remains too complex for institutional and everyday users.
The recent Cross-Chain Interoperability Report 2024 highlights that the biggest challenge to adoption is the high friction users face when they navigate blockchain ecosystems. As of today, users need to manage multiple wallets, manually sign numerous transactions, and navigate complexities when identifying the optimal route for transferring assets between chains. These inefficiencies have forced users into ecosystem silos rather than encouraging them to explore more cross-chain interactions.
When comparing the Web2 experience to that of Web3, the difference is night and day. Take traditional financial transactions as an example. There is still a lot of complexity in Web2, but Web2 is just better at hiding it, meaning users can navigate this space without thinking about the backend. For instance, when sending money through a payment app, users need not bother about bank settlement layers, messaging protocols, or verifying different clearing mechanisms. Web3, by comparison, places too much of this burden on users, making it essential for them to understand the backend and thereby forcing them to deal with intricate transaction approvals, security risks involved, and token management systems. This has been fine to date for an audience of crypto enthusiasts keen to understand the tech on which they operate. However, as the Web3 ecosystem looks to scale to a global user base, the industry must rethink this user experience to captivate the attention of the layperson that has no prior dealings with blockchain.
Interoperability’s growing pains – what’s stopping Web3 from going mainstream?
There is no denying that interoperability is solving some of the technical limitations of blockchain technology. However, for users, the experience still leaves much to be desired. Recent data indicated that over 85 million people worldwide use blockchain wallets. However, despite the growing adoption, the challenge of wallet fragmentation remains a glaring issue. Unlike in Web2, where a single login provides access to multiple services, blockchain requires users to maintain different wallets for different ecosystems. This makes cross-chain interactions painstaking, as the experience of switching between multiple wallets is neither intuitive nor seamless.
Managing wallets across chains continues to remain a major point of friction for users. While transaction batching has reduced the burden of multi-signing, users still often need to switch wallets when interacting across different blockchains. This process is not only painstaking but also increases the likelihood of human errors—such as approving the wrong contract accidentally or sending assets to an incorrect address—leading to a potential loss of funds. Seamless interoperability should mean users can move assets and interact across chains without needing to constantly switch wallets or navigate complex approval processes that are still manual.
Security concerns complicate the case for Web3 adoption further. With an aggregate of $2.7 billion lost in cross-chain bridge exploits from July 2021 till Aug 2024 alone, it should come as no surprise that many users hesitate to move assets across blockchains due to fear of hacks or transaction failures. When a single mistake can result in permanent asset loss, it comes as no surprise that even experienced users remain cautious when engaging in cross-chain transactions. While significant strides have been made in addressing these challenges, it is essential that interoperability solutions factor in differences among chains to build trust and ensure security, reliability, and a seamless experience for everyday users.
Solver-based bridging: A new approach to UX
One of the emerging solutions to blockchain’s user experience crisis is intent-centric/solver-based bridging protocols. Acting as a form of chain abstraction, these protocols operate on an “intent” or specific goal that a user wishes to accomplish within a chain—for example, swapping tokens between two chains without the need to navigate the cross-chain complexities themselves. Instead of having to select a bridge, sign multiple transactions manually, and then monitor the process until the transaction is complete, users are simply required to define their intent, and automated solvers execute the action in the most efficient way possible. Intent-based chain abstraction solutions are becoming an increasingly popular architecture, with many component-based products potentially coming together like puzzle pieces to gradually shape the final form of chain abstraction.
For example, if a user wants to exchange ETH on Ethereum for USDC on Solana, a solver-based protocol has the capability to identify the best route, align all the necessary approvals, and then complete the transaction—all this without the user being required to make any technical decisions. This drastically reduces the high level of friction users face and improves security by minimizing errors due to manual interventions.
Intent-centric/solver-based bridging protocols aren’t just about simplifying transactions; they are also about making Web3 interactions feel as smooth as traditional Web2 experiences. With these solver-based protocols handling tasks like route optimization and execution, users no longer need to worry about the underlying infrastructure as they simply get their desired result.
Making the Web3 backend invisible: Are chain abstraction and ZKPs the solution?
For Web3 to reach a stage of mass adoption, the underlying complexities that users must currently navigate need to be eliminated. While solver-based bridging protocols improve cross-chain interoperability, chain abstraction and zero-knowledge proofs can be implemented in many other ways to make the overall Web3 UX better. While chain abstraction makes blockchain interactions feel seamless, allowing everyday users to engage with dApps without worrying about the underlying infrastructure, zero-knowledge proofs (ZKPs) enable the verification of information without revealing the information itself, giving individuals and organizations assurance that their information is safe. These technologies eliminate the need for users to switch networks, bridge assets, or manage different token standards. Additionally, these advancements move blockchain technology beyond just technical innovation and into a system that simply works well. If it wasn’t evident already, it should be by now that the most successful technology isn’t the most complex—rather, it’s the one people don’t even realize they’re using. This is reflected in the popularity of these technologies, which are already gaining traction.
The Web3 industry has spent years and significant resources looking for solutions to improve scalability, security, and interoperability along with building trust. It is now time to bring into sharp focus the evolving needs of users and make this pathbreaking technology accessible to everyday users. If the Web3 ecosystem truly wants to onboard the next billion users, it is time the user experience becomes a key priority and the focus shifts from just building infrastructure.
It can be said in no clearer words—user experience is the key to mainstream adoption. Solutions like solver-based bridging protocols, chain abstraction, and zero-knowledge proofs represent a fundamental shift in how users are beginning to interact with various blockchains. By prioritizing these innovations, the Web3 ecosystem is on a path where the future of Web3 becomes as seamless as what we all have come to expect with Web2. After all, a billion users won’t adopt blockchain technology because of what it can do—it will only see mainstream adoption when individuals can engage with it without even thinking about it.
Request Finance, a leading platform for managing stablecoins, crypto, and fiat payments, has surpassed a significant milestone by processing over $1 billion in bill payments. This achievement highlights the growing adoption of secure, compliant finance solutions as businesses increasingly turn to stablecoins and crypto for payments. To fuel its next phase of growth, Request Finance has secured new strategic funding from Bpifrance (the French sovereign investment bank), with continued backing from prominent investors such as Balderton, Xange, and key enterprise clients.
Transforming Crypto and Fiat Finance –
It has emerged as the go-to platform for businesses to send, receive, and manage payments in crypto and fiat currencies. Industry giants such as The Sandbox, OpenZeppelin, Arbitrum, Bonk, and Beam rely on Request Finance to streamline accounts payable, receivable, and on-chain accounting.
“With over $1 billion in bill payments processed, we’re proving that crypto, especially stablecoins, is no longer just an alternative. It’s becoming the backbone of global business finance,” said Christophe Lassuyt, CEO of Request Finance. “This milestone, combined with our latest funding, allows us to double down on product innovation, compliance, and partnerships, making crypto payments safer, easier, and more scalable than ever.”
Driving Growth Through Strategic Acquisitions and Compliance –
Request Finance is scaling its capabilities through strategic acquisitions to enhance its platform and compliance infrastructure. The acquisition of Consola Finance (now Request Accounting) strengthens its crypto accounting suite, while the acquisition of Pay.so (now Request Technologies) simplifies on- and off-ramping, allowing businesses to seamlessly transition between crypto and fiat currencies.
To further solidify its compliance framework, it is preparing for MiCA (Markets in Crypto-Assets) regulation, positioning itself as a trusted, regulatory-compliant platform for crypto finance across Europe and beyond.
A Defining Moment for Global Crypto Adoption –
Surpassing $1 billion in payments, securing new funding, and acquiring key technologies place Request Finance at the forefront of accelerating mainstream crypto adoption for global business operations. As more enterprises seek secure, scalable, and compliant ways to integrate stablecoins into their financial ecosystems, Request Finance is poised to lead the transformation.
About Request Finance –
Request Finance is the leading all-in-one platform for managing crypto and fiat operations. It provides businesses with a secure, compliant, and automated solution for invoicing, bill payments, and crypto accounting. With over $1 billion in processed transactions, hundreds of companies rely on Request Finance to ensure regulatory compliance while optimizing their financial operations.
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Allied Market Research published an exclusive report, titled, “5G Chipset Market Size, Share, Competitive Landscape and Trend Analysis Report by IC Type, Operational Frequency, Product and Industry Vertical : Opportunity Analysis and Industry Forecast, 2021-2030”.
The 5G chipset market size was valued at $13.26 billion in 2020, and is projected to reach $92.05 billion by 2030, registering a CAGR of 21.8% from 2021 to 2030.
Download Research Report Sample & TOC : www.alliedmarketresearch.com/request-sample/5114
5G network is an enhanced communication solution designed to deliver to the public, a fully connected mobile world, comprising everything from connected automobiles and smart cities to smartphones and internet of things (IoT) devices. Further, reefshark chipset solutions such as application-specific integrated circuits offer higher voltages, greater performance, and reduction in footprint/bill off materials. In addition, the rise in utilization of 5G network solutions across emerging economies is anticipated to offer significant growth opportunities for the market.
The growth of the 5G chipset market is majorly driven by the rise in demand for high-speed internet and large network coverage coupled with proliferation of M2M/IoT connections. Furthermore, increase in demand for mobile broadband services is anticipated to drive the market growth. However, privacy and security concern, high investment, and technological & infrastructure challenges in the implementation of 5G network act as a prime restraint of the market. On the contrary, surge in government initiatives for building smart cities in Asia-Pacific is anticipated to provide lucrative opportunities for the expansion of the 5G chipset industry during the forecast period.
Key Market Players:The 5G chipset size report offers an in-depth analysis of the 10 prime market players that are active in the market.
Moreover, it provides their thorough financial analysis, business strategies, SWOT profile, business overview, and recently launched products & services. In addition, the report offers recent market developments such as market expansion, mergers & acquisitions, and partnerships & collaborations. The prime market players studied in the report are Qualcomm Technologies, Inc., Broadcom, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Mediatek Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Qorvo, and Infineon Technologies AG.
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Segmentation Analysis:The 5G chipset market is segmented by IC type, operational frequency, product, industry vertical, and region. The report offers an in-depth study of every segment, which helps market players and stakeholders to understand the fastest growing segments and highest grossing segments in the market.
The 5G chipset is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
The 5G chipset report provides thorough information about prime end-users and annual forecast during the period from 2022 to 2030. Moreover, it offers revenue forecast for every year coupled with sales growth of the market. The forecasts are provided by skilled analysts in the market and after an in-depth analysis of the geography of the market. These forecasts are essential for gaining insight into the future prospects of the industrial cooking fire protection system industry.
Key Findings Of The Study:
In 2020, the devices segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 21.5% during the forecast period.
The consumer electronics and automotive and transportation segments together accounted for around 74.6% of the 5G chipset market trends in 2020.
The mmWave IC segment is projected to growth at a CAGR of 24.1% during the 5G chipset market forecast period.
Asia-Pacific contributed for the major share in the market, accounting for more than 35.5% share in 2020.
The research operandi of the global 5G chipset includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
Rival, a London-based startup, has raised $4.2 million to develop an innovative 3D content creation platform designed for spatial computing headsets. The platform enables users to watch immersive 3D short videos similar to TikTok or Instagram Reels, but with a focus on spatial computing devices such as Meta Quest. Users can easily create and share their own content, with the added capability to convert 2D videos into a 3D experience using Rival’s unique AI model, solving the content gap that often limits headset engagement.
Founded by Alexander Oppermann, an entrepreneur with a background in private equity, and Konrad Melzer, a machine learning engineer who previously developed security software for the German FBI, Rival began as a side project and has since attracted a team of engineers from major tech companies like Google, Meta, and Amazon. Since its inception in July 2023, the company has been developing its product and now plans to expand further, hiring more ML/AI engineers and targeting the U.S. market.
Rival’s platform currently supports Meta Quest headsets, with early access available for the 2D-to-3D conversion model. Support for other headsets, such as Apple Vision Pro and Pico, is in development.
Alexander Oppermann, co-founder and CEO of Rival, stated:
“We’re building a platform that removes technical barriers, enabling a new generation of creators to shape immersive digital experiences. Our technology solves the critical content gap that’s currently limiting the potential of spatial computing.”
The funding round was led by Speedinvest, with participation from New Renaissance Ventures and prominent angel investors. Victor Huerbe, Principal with Speedinvest’s Marketplaces and Consumer investment team, emphasized the company’s potential, saying, “Alex, Konrad, and the team move fast, and they’ve quietly built something game changing. We backed them because they’re not just iterating on existing tools, they’re building the foundation for how we’ll create and consume 3D content in the future.”
About Rival:
Founded in 2023 by Alexander Oppermann and Konrad Melzer, Rival Technologies is focused on solving the content gap in spatial computing. With a team from Google, Meta, and Amazon, the startup aims to transform how we create and consume 3D content on emerging headset technologies.
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The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Ethereum-based gaming platform Immutable with no enforcement action, the company announced Tuesday.
The decision ends a five-month tussle that began when the regulator issued Immutable a Wells Notice in October 2024, which probed into potential enforcement actions over alleged securities law violations related to the company’s IMX token.
With no further legal consequences against Immutable, the IMX Ecosystem Foundation, and its CEO James Ferguson, the resolution was touted by the company as “a win for Web3 gaming” and “everyone who believes in digital ownership rights.”
The now-closed investigation focused on alleged securities violations related to IMX token sales in 2021, when Immutable raised at least $12.5 million. The SEC had also questioned representations about the token’s backing, particularly regarding a pre-launch investment from Huobi Ventures.
At the time of the Wells Notice, Immutable criticized the SEC’s approach as “overreach” and maintained that its IMX token was not a security.
All part of the pattern
The dismissal follows a broader pattern of the SEC dropping investigations against crypto companies under the Trump administration, which has established a crypto task force led by Hester Peirce and moved away from “regulation by enforcement.”
In retrospect, it’s worth mentioning that the IMX tokens in question were dumped by GameStop in 2022 to the tune of roughly $47 million at the time, following a now badly-ended deal between Immutable and GameStop in which the latter launched an NFT marketplace that made use of Immutable X’s layer-2 scaling solution to process transactions.
It remains unclear whether the ETH earned from these fees was later dissolved, where those went after, and whether those constituted an “immaterial” amount, similar to language that social media platform Reddit used to describe its crypto holdings when it filed for an IPO with the SEC in February 2024.
Earlier today, Decrypt reported that GameStop has updated its investment policy to add and allow Bitcoin as an investment instrument.
Edited by Sebastian Sinclair
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Cast Your Vote for India’s Best General Managers in Hospitality
The hospitality industry is built on leadership, innovation, and service excellence. Behind every successful hotel and resort stands a visionary General Manager who ensures top-tier guest experiences, seamless operations, and team motivation. Now, it’s time to recognize and celebrate these outstanding leaders as Hospitality Career Profile proudly presents India’s 50 Best General Managers 2025!
The online voting phase is now live, giving industry professionals, hotel staff, and guests the opportunity to show their support for the best General Managers across India.
This year, the competition is tougher than ever, with nominations divided into five groups: A, B, C, D, and E. Voters can choose their favorite General Manager from each group and help decide who will be honored as India’s top hospitality leaders of 2025.
Why Your Vote MattersGeneral Managers are the driving force behind a hotel’s success. From guest satisfaction and operational excellence to revenue growth and team leadership, they play a crucial role in shaping the industry. By casting your vote, you are helping to:
Recognize the industry’s best leadersSupport professionals making a lasting impactCelebrate excellence in hospitalityEncourage leadership and innovation in hotels
Your vote is more than just a click-it’s an acknowledgment of the incredible efforts these professionals put into delivering world-class hospitality.
How Are the Winners Selected?The final list of India’s 50 Best General Managers 2025 will be determined based on two key factors:
Total number of online votes receivedIndustry recognition and support from peers, colleagues, and guests
This means that every vote truly matters! The more support a nominee receives, the higher their chances of making it to the final list of India’s top hospitality leaders.
How to Vote?Step 1: Visit the official voting page
Group A:- https://hospitalitycareerprofile.com/vote-now-indias-50-best-general-managers-2025-group-a-online-voting-open/
Group B :- https://hospitalitycareerprofile.com/vote-now-indias-50-best-general-managers-2025-group-b-online-voting-open/
Group c:- https://hospitalitycareerprofile.com/vote-now-indias-50-best-general-managers-2025-group-c-online-voting-open/
Group D :- https://hospitalitycareerprofile.com/vote-now-indias-50-best-general-managers-2025-group-d-online-voting-open/
Group E:- https://hospitalitycareerprofile.com/vote-now-indias-50-best-general-managers-2025-group-e-online-voting-open/
Step 2: Choose one General Manager from each group (A, B, C, D, E)Step 3: Click Submit to cast your vote
Voting Deadline: [1st to 30th april 2025]Winners Announced on: [10th May 2025]
Meet the Nominees – Group WiseHere’s a look at some of the exceptional General Managers competing for the Top 50 recognition
What Happens After Voting?After voting closes, the results will be carefully reviewed to ensure accuracy and fairness. The final winners of India’s 50 Best General Managers 2025 will be announced on [Winner Announcement Date], with a grand recognition ceremony to honor their contributions to the industry.
Stay tuned for the grand announcement!
Spread the Word & Support Your Favorite GM!Want to help your favorite General Manager secure a spot in the Top 50? Share the voting link with your network and encourage your colleagues, friends, and industry professionals to cast their votes.
Share on WhatsApp, LinkedIn, Facebook, Twitter, and InstagramEncourage coworkers and hospitality professionals to voteLet’s celebrate the best minds in the hospitality industry together!
Name :- Hospitality Career ProfileADDRESS :- kolkata , west bengal, india 700001Website: www.hospitalitycareerprofile.comIndustry: Hospitality & TourismFocus: News, Career Growth, Executive Appointments, Industry TrendsPresscontact:- This article announces the India’s 50 Best General Managers 2025 online voting, organized by Hospitality Career Profile. It provides details on the voting process, nominee categories (Groups A-E), and how industry professionals can support their favorite hospitality leaders. Readers are encouraged to vote and help recognize excellence in the hotel and hospitality industry.
Hospitality Career Profile is India’s leading hospitality news magazine, dedicated to covering industry trends, executive appointments, and career advancements. We bring insightful news, expert opinions, and in-depth analysis of the hospitality sector.
This release was published on openPR.
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Browser Use, a pioneering AI startup, has raised $17 million in seed funding to enhance AI-driven web automation by enabling artificial intelligence to interact with websites more accurately and efficiently. This funding round was led by Felicis’ Astasia Myers, with additional participation from Paul Graham, A Capital, and Nexus Venture Partners.
Solving a Critical Challenge in AI Development:
Browser Use addresses one of the most pressing challenges in AI—enabling AI agents to seamlessly navigate websites and execute tasks independently. While traditional AI models often rely on vision-based systems that use screenshots to interpret websites, these approaches are prone to breaking when websites update their interfaces.
Browser Use’s innovative solution converts website interfaces into simplified, text-like formats, allowing AI agents to interpret buttons, forms, and menus more effectively. This approach ensures that AI agents can run the same tasks repeatedly without error and at a significantly lower cost.
“A lot of agents rely on vision-based systems and try to navigate websites through screenshots, which often break,” said Magnus Müller, co-founder of Browser Use.“We convert websites into something agents can easily understand, enabling them to make independent decisions and complete tasks with greater precision.”
Rapid Traction and Open-Source Growth:
Founded last year by Magnus Müller and Gregor Zunic through ETH Zurich’s Student Project House accelerator, Browser Use quickly gained momentum after building a demo in just five weeks. Recognizing its potential, the team decided to open-source the project, which further accelerated its adoption.
A major turning point came when Chinese startup Butterfly Effect incorporated Browser Use’s technology into its viral Manus tool, drawing widespread attention and driving significant awareness.
How Browser Use Enhances AI Web Automation:
Browser Use functions as a fundamental layer for AI companies, allowing their agents to navigate complex websites with greater ease. Its core technology:
Simplifies website interfaces by converting intricate elements into a machine-readable format, enabling AI agents to make decisions autonomously.
Reduces costs and errors by minimizing the need for vision-based systems, ensuring smoother and more cost-effective task execution.
Maintains consistent performance even when websites undergo frequent updates, addressing a key limitation of existing AI agents.
Bridging the Gap Between Static Models and Dynamic Websites:
Browser Use’s technology addresses a significant gap in AI-powered web automation by acting as a dynamic bridge between pre-trained models and constantly evolving digital platforms. According to Astasia Myers, the lead investor, this technology represents the next frontier in end-to-end automation of human tasks.
“Web AI agents are poised to redefine how businesses interact with the digital world, making it possible for AI to seamlessly manage a range of online tasks,” said Myers.
Why Are Companies Turning to Browser Use?
Browser Use’s ability to adapt to changing web environments has attracted growing interest from companies seeking to optimize AI interactions with their websites.
“There are companies coming to us and asking, ‘What can we do to make it easier for agents to navigate our website?’” Müller said.
“Websites like LinkedIn frequently change their interface, making it difficult for agents to operate effectively. Our technology offers a robust solution that prevents AI models from failing on such sites.”
Browser Use’s Future: A Key Player in AI Web Navigation
With this new funding, Browser Use plans to:
Enhance AI-agent infrastructure to strengthen the core technology that empowers agents to navigate the web with higher efficiency.
Expand the developer ecosystem to grow the open-source community and ensure continuous improvements and innovations.
Develop enterprise-grade solutions to cater to high-volume enterprise use cases by offering more scalable solutions for AI-driven web automation.
Browser Use’s technology is expected to become a core infrastructure layer for AI companies seeking to enhance web automation capabilities.
AI Web Automation: The Next Big Leap in Digital Transformation
As AI continues to reshape industries, web automation powered by intelligent agents is emerging as a critical tool for businesses aiming to scale efficiently. Browser Use’s technology is uniquely positioned to:
Automate repetitive online tasks and reduce manual work by enabling AI agents to perform tasks autonomously.
Handle high-volume website navigation and improve operational efficiency across dynamic digital platforms.
Drive cost efficiency and scalability by lowering operational costs through reduced dependency on vision-based models.
With a $17 million funding boost and growing traction in the AI community, Browser Use is well-positioned to lead the transformation of AI-powered web navigation and automation.
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Rain, a global crypto card issuing platform powered by stablecoins, has successfully raised $24.5 million in a Series A funding round led by Norwest Venture Partners. The round also saw participation from Galaxy Ventures, Goldcrest, Thayer, Hard Yaka, and existing investors such as Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital.
The funding comes at a critical time when stablecoins are experiencing exponential adoption globally. In 2023, stablecoin transaction volumes surpassed those of Visa and Mastercard combined, highlighting a significant shift in how digital assets are being used for everyday payments.
Rain’s platform enables businesses to issue both physical and virtual Visa debit and credit cards that are directly linked to:
Self-Custody Wallets: Giving users full control over their crypto assets.
Custodial Solutions: Offering an alternative for those who prefer managed accounts.
Traditional Fiat Accounts: Bridging the gap between crypto and traditional finance.
These cards allow users to pay directly in stablecoins without the need to convert crypto into fiat currency, making transactions seamless and efficient.
With the newly acquired funding, Rain plans to:
Expand its global operations by entering new markets.
Enhance its infrastructure for seamless stablecoin interoperability.
Invest in stablecoin authorization and settlement technology to empower its partners with scalable solutions.
Rain’s Rapid Growth and Global Reach
Rain’s vertically integrated issuing stack, coupled with its Visa Principal Membership, has enabled the company to establish itself as a leader in the stablecoin-enabled card ecosystem. The platform currently processes transactions in over 100 countries and has witnessed an impressive 15-fold revenue growth over the past year.
Farooq Malik, CEO and co-founder of Rain, highlighted the significance of the funding, stating:
“This new funding allows us to increase interoperability with existing rails, expand our footprint, and invest in our stablecoin authorization and settlement infrastructure that continues to unlock growth for our partners.”
How Rain’s Platform Works: Bridging the Gap Between Crypto and Fiat
Rain’s innovative platform leverages major blockchain networks to facilitate fast and secure stablecoin settlements. Supported chains include:
Base – A secure Layer 2 solution built on Ethereum.
Polygon – Known for its high throughput and low fees.
Optimism – A Layer 2 scaling solution enhancing transaction speed.
Avalanche – Providing near-instant finality for blockchain transactions.
Arbitrum – Enabling seamless Ethereum scaling.
ZKsync – Offering zero-knowledge proof security for scalability.
Solana – Known for high-speed, low-cost blockchain processing.
Rain’s Visa Principal Membership allows its partners to develop crypto-backed card programs without relying on traditional fiat payment rails, enabling direct interaction between stablecoins and traditional financial systems.
Stablecoin Adoption Signals Paradigm Shift in Payments
Rain’s funding comes amid record-breaking growth in stablecoin adoption worldwide. In 2023, stablecoin transaction volumes surpassed Visa and Mastercard’s combined volumes, signaling a significant paradigm shift in payment systems.
Stablecoins are increasingly being used for:
Cross-Border Payments: Reducing transfer costs and settlement times.
Remittances: Offering a faster and cheaper alternative for global money transfers.
Merchant Payments: Providing businesses with secure, crypto-backed payment solutions.
This surge in adoption has caught the attention of regulatory bodies, with growing support for stablecoin frameworks aimed at enhancing compliance and ensuring seamless integration into traditional financial systems.
Competitive Landscape: Rising Interest in Crypto Payments
Rain’s successful funding follows a series of significant investments in the crypto payments sector:
RedotPay: Raised $40 million earlier this month to strengthen its crypto payment solutions.
Mesh: Secured $82 million to develop its web3 payment infrastructure.
With competition heating up in the crypto payments space, Rain’s position as a stablecoin-powered platform gives it a competitive edge by combining fiat-grade compliance with the speed and flexibility of digital currencies.
Investor Confidence and Future Growth Prospects
Investors have expressed strong confidence in Rain’s ability to scale and deliver high-performance, stablecoin-enabled payment solutions. Norwest Venture Partners, the lead investor in this round, emphasized Rain’s unique value proposition:
“Rain’s ability to provide compliant and efficient stablecoin solutions that connect traditional finance with the digital economy is unmatched. We’re excited to support their next phase of growth.”
Rain’s continued focus on developing stablecoin infrastructure and expanding global partnerships positions it as a key player in the evolution of crypto payments and digital finance.
Future Roadmap: Expanding Horizons and Pursuing Growth
Rain is now setting its sights on:
Strengthening partnerships with global payment networks to increase its market presence.
Enhancing cross-chain interoperability to support a wider range of blockchain ecosystems.
Pursuing additional regulatory approvals to maintain fiat-grade compliance in diverse jurisdictions.
As Rain continues to build bridges between traditional finance and the crypto economy, its commitment to innovation, security, and scalability ensures that it remains at the forefront of the rapidly evolving stablecoin payments landscape.
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