Nodle.io Raised $1.5M to Provide App Developers with Its IoT Cryptocurrency

Getting to Know Nodle.io and the Seed Funding

Nodle.io, a provider for a connectivity and Internet of Things network, just announced the completion of its seed round. During the seed funding round, Nodle.io raised an impressive $1.5 million and launched its new cryptocurrency that will monetize Internet of Things applications, data, and connections.

Nodle.io crowdsources a network made up of smartphones to deliver internet connectivity to various Internet of Things devices. At the moment, the Nodle Citizen Network has more than 1 million devices connected to it on a daily basis. As such, it holds the title of the most extensive dedicated network for the IoT deployed to date, based on the number of its base stations. According to a press release from Nodle, its connectivity solution is global and straightforward, as it is “plug and play.”

According to the CEO and co-founder of Nodle.io, Micha Benoliel, the main challenges that stand in the way of IoT deployments are the difficulty and high cost associated with connecting remote devices. This is the problem that Nodle aims to overcome, and it does so by using mobile phones to create the decentralized infrastructure of the network. This infrastructure can support transactions that number in the hundreds of thousands every second. This infrastructure comes thanks to partnerships with application developers, telcos, and consumer electronics manufacturers.

Nodle and Cryptocurrency

Additionally, those telcos, app developers, and consumer electronics manufacturers can use the Nodle Software Development Kit (SDK) to monetize their applications, earning NODL coins in return for assisting the network’s growth.

Nodle.io Internet of Things
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Image Credit: Nodle.io

In addition to creating their cryptocurrency to let developers monetize applications, Nodle is making it possible to remotely mine cryptocurrency via a smartphone in a way that is accessible and efficient. Best of all, this smartphone-based crypto mining uses less than 1 percent of the battery life of a phone. That last part is significant since before Nodle’s creation of the Citizen Network with connected devices, smartphone-based crypto mining was impractical. It would slow the CPU due to overheating and drain the battery.

As the prevalence of Internet of Things devices expands, so do the use cases for Nodle. Consumer tracking manufacturers, like Chipolo, Wistiki, and Orbit, already use Nodle’s network. There are also applications for industrial tracking, and Nodle is actively working with the city of Paris to complete a test that utilizes the network to track 60,000 pieces of concrete furniture for over a decade using minimal energy.

What Supporters Have to Say

Ken Seiff, a managing partner with Blockchange Ventures, believes that the creation of D2D (Device to Device) communication and commerce is one of the areas that the blockchain will significantly disrupt. Seiff explained in a release that his company chose to invest in Nodle’s mesh network due to a strong belief that this company will be in the forefront when the landscape shifts.

Nicolai Wadstrom, from BoostrapLabs, which is another investor in Noble.io’s seed funding round, indicated that there is a massive opportunity for a distributed IoT network. To take advantage of this opportunity, the network would need to be fail-tolerant and ubiquitous, as well as work for low-powered and super-small devices anywhere. In a release, Wadstrom pointed to the vast experience of CEO Benoliel as a strong point in favor of Nodle’s ability to stay ahead of the competition.

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Cedric Jackson is a contributing writer. His writing draws on his rich life experiences, time spent traveling and years working with the written word. He is passionate about internet marketing, finance, travel and the entertainment world. When not busy writing, he spends his time traveling, reading and keeping up with world events..

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InstaSupply to Join Sweetbridge Alliance in Finance-Tech Partnership

Sweetbridge Alliance

A Move That Makes Sense

The global system Sweetbridge has announced that it has added InstaSupply to its Sweetbridge Alliance network of financing for supply chains, allowing it to resell Sweetbridge technologies officially.

The alliance will also mean that InstaSupply can provide these services more effectively than trade financing from traditional banking institutions.

“Sweetbridge’s blockchain liquidity protocol enables us to offer the most competitive supply chain finance solution to SME businesses,” said InstaSupply CEO Lee Pruit. “This is a massive differentiator compared to traditional financial institutions and incumbent technologies, and is a game-changer for us and the suppliers we work with.”

Sweetbridge chairman and founder Scott Nelson said that Pruit’s experience in business supply chains, along with InstaSupply’s vast customer network, made a combination with Sweetbridge’s Liquidity Protocol a sensible move. Nelson said the partnership will enable organizations to be paid instantly with improved terms and continue pushing for even better methods as time goes on.

Improving Services in Tandem

Sweetbridge is an international network of blockchain, finance, and software experts. The company describes itself as a platform dedicated to combining modern blockchain principles to the concrete factors of these industries. Its goal is to tackle the issues that make finance less efficient, such as legal technicalities and other problems.

InstaSupply Sweetbridge Alliance
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Image Credit: InstaSupply/Twitter

Sweetbridge is known for improving transparency in worldwide supply chains. Now, it can take advantage of InstaSupply’s contributions to financing and digitizing the supply chains of midsize businesses using blockchain tech.

The two organizations are already known for their long-term efforts to lower the costs of capital and speed up suppliers’ payments cycles, as well as for their blockchain technologies. Both companies say that this is a sensible move toward furthering those goals.

InstaSupply is a software company whose purpose is to modernize business functions in a streamlined online platform. The company’s business-to-business customer network consists of companies ranging from $30 million to $2 billion in annual revenue. The company possesses a growing customer base and serves an international clientele of more than 2,300 businesses.

In addition to its resources, InstaSupply will now be an official reseller of Sweetbridge’s Liquidity Protocol. This will give InstaSupply the opportunity to settle supplier invoices instantly and authenticate them in real-time. Currently, the cloud-based company settles tens of millions of supplier transactions every year for its customers. This new partnership will allow InstaSupply to take advantage of Sweetbridge’s protocol technologies. This will provide companies and suppliers with access to capital at lower costs. They also can take advantage of improved terms, quicker response times, and better overall capability.

The companies in tandem will take on the Sweetbridge Alliance Network, as well as the Accord Project and Mattereum, network platforms managing the legalities of blockchain contracts. Nelson says they aim to continue to improve their combined services on these platforms to more effectively bring blockchain into the broader world of business.

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MovieCoin Open Doors for Investing in Hollywood

MovieCoin could fund new Hollywood films.

MovieCoin Begins Public Pre-Sale

Last November, Christopher Woodrow, the producer of six Oscar-winning films, claimed that blockchain technology will disrupt Hollywood as it has other industries. He is one of the first people to become part of this disruption, launching a distributive-technology-based token named MovieCoin.

MovieCoin has begun its public presale for security and utility tokens. The firm expects to make about $470 million via the public presale, which follows a private presale capped at 2,000 Bitcoin (BTC).

During the public presale, the company will accept BTC, BKX, and Ethereum tokens with a minimum commitment set at 5 Bitcoins or equivalent and a hard cap of 10,000 BTC. Simultaneously, the firm will issue security and utility tokens during the presale: MovieCoin Smart Fund (MSF) Security Token and MovieCoin Utility Token (MOV).

MovieCoin logo
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Image Credit: MovieCoin / movie.io

The company plans to make $220 million by selling two billion MovieCoin Utility Tokens at $0.11 per token and $250 million by selling 250 million MovieCoin Security Tokens at $1 per token. The company is offering an incentive to initial investors in MovieCoin Utility: a bonus up to 25% of the quantity purchased. The public presale will run until October 30 at midnight Pacific time.

The BKX tokens are issued by BANKEX, a global top-20 financial tech company working on Proof-of-Asset Protocol for MovieCoin. Since BKX tokens are a variation of the ERC-20 utility token linked with the blockchain of Ethereum, they will provide an extra 5% bonus rate.

MovieCoin’s Vision

MovieCoin is a next-gen fintech firm focusing on leveraging proprietary applications, digital assets, and blockchain technology to disrupt the film and entertainment industry, as well as become the leading entertainment transaction and settlement platform for consumers and businesses. It wants to become the standard currency for funding television, motion pictures, and other media.

Woodrow plans to use the raised funds for making movies. Tokens issued by MovieCoin can be traded in the secondary market, offering opportunities for investors to profit with film successes. After the public presale concludes, the company will sell public tokens from November 1 through 25 that require no minimum contribution.

In an interview with Bloomberg, Woodrow said, “We’re trying to revolutionize the way films are financed. Hollywood is relationship driven and what we bring to the equation is the ability to gain access to the highest levels of film finance. We’re in the process of putting together a slate of projects that will include A-list movie stars, top-tier directors, seasoned and established producers, and that will form the initial slate for MovieCoin.”

MovieCoin says that its token-based financing system will provide a transparent ledger of everything that goes into financing each film project. Since tokens are infinitely divisible, they will be highly liquid as compared to other investments. There are also plans to sell tokens allowing consumers to get movie tickets, along with buying or renting films and TV series in various ways. All of these options will allow film enthusiasts more control over how they consume their entertainment.

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