Search results for "ZENT"
PANews May 30th, according to official sources, blockchain gaming project Zentry (formerly known as GuildFi) announced that it has secured strategic funding from Spartan, LongHash, Synergis, and DWF Labs to enhance the Metagame Layer. Zentry stated that its funding exceeds $150 million. Previously in April, GuildFi planned to rebrand as Zentry and create a unified Superlayer to reward players of all types of games across multiple blockchains.
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Golden Finance reported that according to on-chain analyst Yu Jin's monitoring, Zentry (formerly GuildFi) has disclosed the information of their treasury holdings and project investments. Their treasury funds have risen from $100 million a year ago to $151 million now. The reserve assets with good liquidity include 78.1 million: 16,000 ETH and 17.85 million stablecoins. It is worth noting that this amount of funds does not include the issuance of their token ZENT (formerly GF). Their ETH is mainly stored in EigenLayer/Lido/etherfi, these stake and restake platforms.
Odaily Planet Daily News Game Super Layer Zentry announced its treasury information for the first half of 2024 today. As of May 22, 2024, Zentry's total treasury amount is $151,367,382, an increase of about 44% since the beginning of 2024. Zentry's treasury is divided into two parts: liquid reserves and investments. - The total reserve is $78,105,000, including stablecoins and major cryptocurrencies. Among them, stablecoins amount to $17,850,000, distributed in USDC and USDT, utilized in various lending and yield generating protocols. Cryptocurrencies amount to $60,255,000, including approximately 16,000 ETH, dispersed across multiple protocols. -Investment includes seed tokens, stocks, liquid tokens, and NFTs, totaling $73,262,382. At the same time, Zentry's investment and stake strategies ensure an annual total yield of over $10 million. Zentry adopts four major treasury strategies to unleash economic value: 1. Invest in self-development: By continuously improving and expanding Zentry's core products, enhance its economic value. 2. Outbound Investment: Strategically evaluate and select cutting-edge projects that align with long-term vision; 3. Ecosystem Incentives: Promote the rapid expansion of the Zentry ecosystem through strategic incentive measures; 4. Income growth: Create annual income of at least $10 million by strategically staking stablecoins, ETH, and token nodes. In addition, Zentry's SocialFi product Nexus beta version has been launched, and the Nexus airdrop activity has started.