HO CHI MINH CITY, Vietnam, Nov. 15, 2024 /PRNewswire/ -- Thetan World recently announced it has secured a strategic investment from the Blizzard Fund by Avalanche, a leading blockchain investment fund focused on empowering high-potential Web3 projects. This milestone marks a pivotal step in Thetan World's journey toward becoming a comprehensive GameFi ecosystem, meeting the needs of both players and investors alike.
A Promising GameFi Platform
Thetan World is created by the Web2-based team behind Thetan Arena's success. Through advanced plug-and-play technology, Thetan World is designed to establish a robust ecosystem of high-quality original games and enable players to unlock new ways to earn, offering everyone a complete "play and earn" experience. With popular titles such as Thetan Arena and Thetan Rivals and a range of new games being released, the platform has attracted over 36.8 million players, building a strong community of Thetanians.
Beyond focusing on player experience, Thetan World has also built a fully integrated financial ecosystem with useful tools such as an ROI Calculator, a token issuance platform, a digital wallet, and a convenient marketplace. This system allows investors to manage assets and execute transactions with low costs efficiently. These developments contribute to making Thetan World a complete GameFi ecosystem connecting players, investors, and KOLs, and they have opened up exciting earning opportunities for everyone.
Recognizing Thetan World's growth potential, the Blizzard Fund has supported the project's acceleration in product development, ecosystem expansion, and global market reach. Ms. Lydia Chiu, Senior vice president of BD at Avalanche and CIO of the Blizzard Fund, shared, "We believe in Thetan World's vision and ability to execute. Thetan World has the potential to become a leading Web3 platform in the gaming industry, and we're excited to bring them to the Avalanche ecosystem."
Thetan World's next activities after a series of positive signs
The partnership facilitates Thetan World with essential financial investment and strategic growth opportunities. Supported by Avalanche's industry experts, Thetan World will strengthen its economic and infrastructural foundation to enhance platform resilience. Moreover, players can expect exciting activities with the biggest-ever reward pool, including airdrop events and large-scale tournaments.
Blizzard's investment will also enable extensive promotional campaigns across Avalanche's channels, extending Thetan World's reach, expanding its community, and bolstering its presence in the GameFi market.
In short, the backing from the Blizzard Fund indicates Thetan World's growth potential and strikes an important driving force for the platform to make long-term progress in GameFi. In the coming future, Thetan World is predicted to become a premier Web3 ecosystem in the blockchain gaming industry.
About Avalanche
The Avalanche Foundation has multiple funds to support projects and developers on its blockchain network. The main fund, Blizzard, accelerates development in decentralized finance (DeFi), NFTs, and enterprise applications. The program provides equity investments, token purchases, and technological support for promising startups, aiming to drive growth and innovation on Avalanche.
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Thetan World Secures Strategic Investment from Avalanche's Blizzard Fund
BEIJING, Nov. 15, 2024 /PRNewswire/ -- A report from China Daily
Dalian, a coastal city in Northeast China's Liaoning province, is riding the wave of its ocean resources to advance the local marine economy and become a blue engine for revitalization and development.
According to official data, in 2023 the city achieved a total marine economic output of 273.6 billion yuan ($38 billion), with a year-on-year increase of 6.7 percent, accounting for 31.2 percent of the regional GDP.
At last month's 2024 China (Dalian) International Marine Trade Expo, the city unveiled a steadfast commitment to advancing marine urbanization objectives and implementing a cohesive land-sea development strategy.
Paramount emphasis in Dalian's strategy is on propelling a sophisticated deep-sea evolution within the marine fisheries sector, alongside the revitalization and modernization of marine engineering equipment manufacturing and other burgeoning strategic sectors.
As a state-level international event approved by the Ministry of Commerce in the field of marine economy, this year's marine trade expo was themed "Gathering Marine Industry Chains to Boost New Quality Productive Forces", and was divided into two main events — the China International Marine Ranching and Fishery Expo and the International Shipbuilding, Marine Equipment and Offshore Engineering Exhibition for China, aka Shiptec China.
The first phase, which ran from Oct 24-26, focused on construction of marine ranches and the development of fisheries, showcasing the latest achievements in sustainable development and utilization of marine resources, as well as the vitality and green development concept of the high-quality marine economy.
At the Dalian exhibition area, rich graphic and textual materials, lively videos and interactive experiences were utilized to showcase the city's outstanding achievements in marine economy development from multiple perspectives, highlighting its leading position in the construction of marine ranches. The exhibition group from Changhai county, representing the most abundant area for Dalian's marine products, featured more than 20 high-quality local businesses such as Zhangzidao, Haiyangdao and Zhuangyuanhai, which are well-known fishery brands.
According to organizers, the expo attracted nearly 1,000 exhibitors from more than 10 countries, including Japan, South Korea, Russia, the United Kingdom, Norway, the United States, Denmark, Sweden and France.
Additionally, at the 16th Shiptec China held on Oct 30-Nov 1, which was the second phase of the 2024 China (Dalian) International Marine Trade Expo, heavyweight marine equipment was highlighted.
To promote the maritime industry's high-quality development, Shiptec China included a series of forums and events. Over 20 activities covered such diverse topics as the marine engineering industry chain, ship equipment innovation and development, shipping services, maritime arbitration and business matchmaking.
Organizers said they received inquiries from buyer and visitor groups from both domestic and international origins, including Russia, Turkmenistan, Spain, Iran, the United Arab Emirates, Indonesia, and various provinces and cities in China to attend and explore opportunities at the expo. Significant resources toward inviting and accommodating professional buyers resulted in more than 30,000 buyer registrations for this year's expo.
As a maritime powerhouse, Dalian now boasts 32 national-level demonstration areas for marine ranching, accounting for the largest number and scale in the country. In 2023, Dalian's Liaoyu national offshore fishery base was approved to be the fifth of its kind in China, according to the the city's ocean development bureau.
Dalian has a rich shipbuilding and offshore equipment manufacturing history. It stands as a key manufacturing base for high-end ships and offshore equipment in northern China. The local petrochemical industry is rapidly growing, notably with Changxing Island listed among the top 30 national chemical industry parks, while the city's stature as a shipping center in Northeast Asia is on the rise, with container throughput surpassing 5 million twenty-foot equivalent units.
In order to promote high-quality development of the marine economy, accelerate construction of a strong marine city and make new breakthroughs, Dalian is expediting development of a new blueprint for the marine industry. The city formulated and issued a three-year action plan (2022-24) to clarify development goals and identify key tasks, and its 14th Five-Year Plan for marine economy development and pre-fabricated vegetable industry development has been completed.
Currently, the city is formulating the Development Plan of Dalian's Modern Marine City and the Overall Plan for Dalian's Construction of a Modern Marine City in order to accelerate cultivation and development of new quality productive forces in the marine field.
Dalian's marine industry has a complete range of categories, including 26 out of the 28 subdivided industries in the five major categories of the marine economy, and 13 out of the 15 main marine industries. Many traditional industries also have advantages in this field, according to the city's ocean development bureau.
According to the bureau, Dalian is determined to take its marine industry to the next level, with a comprehensive range of initiatives focused on new technology, traditional industries and modern services. As a result of its sustained effort, the city is poised to achieve impressive growth in a number of key areas.
In 2023, Dalian's marine emerging industry's output value accounted for 10.4 percent of the total marine industry output value, and marine engineering and biotechnology sectors achieved robust growth of 12.6 percent and 9 percent respectively.
As part of its strategy, Dalian is upgrading its traditional marine industries by investing in modern marine ranches and high-tech shipbuilding, while supporting the integration of marine culture and tourism to enhance the industry's overall competitiveness.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Marine trade expo spotlights Dalian's drive for excellence
