Stephen Crystal announced today one of the first gaming opportunity investments in PLAYCALLER, a Client Partner of SCCG Management, offering strategic support and business development.
The SCCG Venture Fund (“SCCG VF”), managed by Stephen Crystal, David Hanlon, Pierre Cadena and Dave Antony, is an alternative investment fund that focuses on increasing value and distributing profit through investing in gaming opportunities, targeting the best opportunities for Seed / Series A funding.
The fund specializes in identifying the most innovative companies and founders that are involved in:
– Sports wagering
– Esports gaming and wagering
– Sports data
– Affiliate solutions
– Venue management
Play Caller Sports is planned as an innovative fan engagement platform that offers both fantasy sports and sports betting. It aims to reach the demographics of some of the most popular sports leagues like the National Football League, the National Basketball League, and the Major League Baseball.
About SCCG Venture Fund 1
The SCCG Venture Fund 1 is an alternative investment fund that focuses on increasing value and distributing profit through investing in gaming opportunities. Opportunities include equity, debt, direct asset ownership, and revenue sharing opportunities. It offers the potential for higher than normal returns for the risk tolerant investor.
About SCCG Management
SCCG Management is a consultancy that specializes in sports betting, iGaming, sports marketing, affiliate marketing, technology, intellectual property protection, product commercialization, esports, capital formation, M&A, joint ventures, casino management, and governmental and legal affairs for the casino and iGaming industry.
Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal today said the Venture capitalists have played a pivotal role in India’s Startup story and in economic growth of the country. Addressing the Indian Venture and Alternate Capital Association’s (IVCA) Conclave, he said they have been driving innovation and bringing new ideas to the fore that is legendary.
“Venture capitalists and Angel investors have a very important role to play in the Startup ecosystem. I remember the Prime Minister had once said that the current decade is going to be the ‘Tech-ade’ of India. And this will be a decade where technology & innovation will drive the future of Indian economy, whether it is UPI or Covin. Today we are showing to the whole world what Indian capabilities are and how we can leverage digital platforms from mass transformation of the lives of a billion plus people,” said Shri Goyal, in his Keynote Address delivered through video conference.
Shri Goyal said the IVCA can act as a Golden bridge between the Government, Startups, market and consumers and promote innovation.
“India has carved a distinct niche for itself in the Startup map of the world. We have over 60,000 Startups and I see it as the DNA of the future of India,” he said.
Urging venture capital funds to reach out to the Tier 3&4 towns, Shri Goyal said the Startup Advisory Council recognises there is a large pool of talent in the interiors of India. Domestic capital can play a huge role in the next wave of innovation, he said.
“Atal Tinkering Labs are a good example. The whole ecosystem is going to grow by leaps and bounds. Soon ideas will choose what funds to take. Many good ideas have been taken over by small ticket cheques for lack of alternatives. We must seriously look at some kind of instruments and a little more compassion towards these ideas,” he said.
Shri Goyal urged the investors & capital providers to focus on 4Fs:
- Fostering Innovation & Future Technologies
- Facilitate mobilisation of domestic capital
- Fast tracking self-reliance: An AatmaNirbhar Bharat
- Focus on Tier 2, Tier 3 & Tier 4 cities and towns
Shri Goyal said we are on the cusp of reaching the $400 bn merchandise exports mark.
“I wish our Startups contribute significantly as we move towards a trillion dollars of Goods and Services exports each,” he said.
Shri Goyal said the Startups will play a defining role in the Amritkaal i.e next 25 years, when India completes 100 years of its Independence.
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Decentralized finance (Defi) has seen extreme demand and innovative use-cases during the last 12 months. Defi oracles, decentralized exchange (Dex) platforms and automated money makers (AMM) have swelled in value, as statistics show over $43 billion is locked into Defi protocols today. Meanwhile, a new project has recently stepped out of the gate called XFai, a Dex liquidity oracle that aims to capture untapped liquidity from small to medium cap tokens. On April 8, 2021, XFai plans to host a Liquidity Generation Event (LGE), and this week it was announced that Bitcoin.com’s founder and angel investor Roger Ver has invested in XFai.
XFai’s Dex Liquidity Oracle Aims to Empower Decentralized Finance and Capture Untapped Liquidity
Defi concepts and decentralized exchanges are all the rage these days, and a great number of Dex platforms have outperformed their centralized exchange (Cex) counterparts. Today, data shows the total value locked (TVL) into Defi is over $43 billion, and Dex protocols like Uniswap, SushiSwap, and Curve.fi are seeing significant trade volume. Statistics show that $1.7 billion was swapped on Dex platforms in the last 24 hours, and $12 billion traded during the last seven days.
Now there’s a new Defi project on the horizon called XFai that’s planning to launch in the near future. The protocol leverages its unique Dex Liquidity Oracle (DLO) for small to medium cap tokens. XFai”s goal is to develop tools by graphing the Defi space and release game-changing decentralized products.
The project has published a comprehensive white paper that provides XFai’s documentation and insight into the protocol design. The team is launching a native coin called the XFIT token and the project’s Dex Liquidity Oracle, or DLO for short, aims to be a game-changer. The DLO tech can help low-capitalized tokens gather attention and significantly increase token liquidity.
“XFai’s cutting-edge technologies such as the Potentializer and the DLO (Dex Liquidity Oracle) allows small and mid-cap token holders to join a large liquidity pool that charts centralized exchanges, and provides the same – if not more optimized – liquidity depth in decentralized exchanges,” the XFai developers explained to Bitcoin.com’s newsdesk.
Furthermore, the team detailed that XFai has enabled an anti-slippage tool to ensure that traders can freely complete transactions without being trapped, while removing the need for automated market makers (AMM). XFai’s DLO description explains: To encourage more users to participate in liquidity provision, XFai has developed a one-step liquidity addition method, dramatically reducing the hassle and the gas fees involved with liquidity farming. In return, liquidity providers can earn protected APY.
Roger Ver Backs XFai for the future of Defi infrastructure
The vast number of Defi projects in the space today focus solely on the top tier of the tokens by market cap, and centralized exchanges operate in the same manner. XFai’s team hopes to open more doors for tokens with small to medium caps and offer them a “seat at the Defi table.” The project has already attracted a number of investors including venture funds, and more recently Bitcoin.com’s founder and angel investor Roger Ver has decided to back the XFai project.
“XFai stood out to me due to the potential of their oracle to unlock incredible opportunities in the blockchain space,” Ver said speaking about the investment. “XFai enables actual decentralization by allowing small and mid-cap tokens to finally have a seat at the table. I look forward to watching XFai become a game-changer in the Defi space by providing a solid foundation for future projects to build upon,” the Bitcoin.com founder added.
Ver is one of the earliest investors in the bitcoin space, and has been promoting blockchain technology for well over a decade. The undisclosed investment into XFai stems from Ver’s personal investment arm. The XFai LGE is set to go live on Thursday, April 8 and the team stressed that it was “designed with feasibility and simplicity in mind.” Bitcoin.com readers can check out more information about this Defi concept via the project’s website, Telegram channel, social media feeds, and interested developers can look at the project’s Github repository.
“We invite everyone to join XFai in making Defi more accessible, open, and economically empowering, starting with the XFai LGE,” the XFai creators conclude. “The [XFai LGE] user interface is intuitively laid out, while the involved operations are combined into one single click. We believe this will result in the opportunity for even those who have never participated in liquidity mining to join in a stress-free manner, and reap the benefits of high APY and the explosive potential of XFIT.”
The GBA has added another valuable corporate member to their growing network. DAO Maker, DAOETH, is a venture investment platform for all risk appetites, building the crucial platform for retail venture investing in equity and tokens. This will be great news for the over 15,000 participants in the GBA community who are interested in all things blockchain.
Providing a low-risk participation model for venture capital, DAO Maker allows retail investors the opportunity to step onto the playing field without risking large portions of their money. This framework gives everyday people a chance to safely grow their own capital, while it provides new funding for innovation worldwide.
Some bullets on DAO Maker:
– Provides low risk venture capital opportunities
– Provides funding source to innovation worldwide
– Has one of the largest ecosystems of quality retail investors
– Signed on more than 75,000 retail users in 2020
– Provides a suite of services to attract high quality startups to join the ecosystem
– Allows startups a decentralized, safe, and autonomous environment in which to accelerate
And, staying true to their DAO name, DAO Maker is now working on permissionless, self-managed versions of their technology products.
“The partnership between DAO Maker and GBA provides enormous opportunities for innovators and investors in our global community,” saysGerard Dache, Executive Director, GBA.
The GBA community is an international network of blockchain enthusiasts, entrepreneurs, and government civil servants, who are looking to build new projects as well as earn a profit on their investments. Located in over 120 cities around the world, the GBA has over 50 Working Groups, dozens of Communities of Interest, including the Investors and Startups, and GBA is the US host to the World Business Angels Investment Forum. GBA’s goal is to bring the public and private sectors together to connect, communicate, and collaborate on new technology in a non-partisan, blockchain agnostic environment. The GBA has members representing over 500 different government agencies from Washington to Estonia to Japan.
To find out more, go to www.gbaglobal.org