[PRESS RELEASE – Chicago, Illinois, February 25th, 2025]

Powerful momentum continues after a record-breaking testnet phase, more than $300 million in total value locked (TVL), and dozens of ecosystem launch partners.

Hemi, a modular blockchain network powered by Bitcoin and Ethereum, today announced that it will launch its mainnet on March 12, 2025.

Key Facts

• Launching its mainnet on March 12, Hemi is a modular blockchain network designed for superior scaling, security, and interoperability, unifying Bitcoin and Ethereum as a single supernetwork.
• Over fifty protocols will be deployed on Hemi, including decentralized exchanges (e.g., Sushi, DODO, Izumi), lending protocols (e.g., LayerBank, ZeroLend), vaults (e.g., Nucleus, Concrete, VaultCraft), top LSTs and LRTs (e.g., Kelp, pumpBTC, StakeStone), oracles (e.g., RedStone, Pyth, Stork), and key dApps (e.g., LayerZero, Pell, BitFi).
• Hemi has already attracted more than $300 million of Total Value Locked (TVL) and announced a $15 million seed round in September 2024, led by Binance Labs, Breyer Capital, and Big Brain Holdings.
• Hemi was founded by renowned early Bitcoin developer Jeff Garzik and blockchain security pioneer Max Sanchez.

The transition from testnet to mainnet is a major milestone for Hemi, which has already attracted more than $300 million in total value locked (TVL) and rapidly built an ecosystem of dozens of protocols. This positions Hemi as a vital infrastructure layer for decentralized finance across Bitcoin and Ethereum, enabling innovation and scalability across the blockchain space.

Through the protocols offered by Hemi’s early Day One ecosystem collaborators, users will be able to:

• build applications that are both Bitcoin- and Ethereum-aware;
• participate in lending and DEX liquidity provision, or allocate funds into specialized vault products;
• trade perpetuals;
• stake and restake popular BTC and ETH tokens;
• borrow, and swap tokens; and
• create synthetic assets.

In particular, Hemi’s DeFi ecosystem has a strong focus on providing liquidity and yield opportunities for many of the most popular liquid staking tokens (LSTs) and liquid restaking tokens (LRTs) from the Bitcoin and Ethereum ecosystems.

“Just over six months after introducing our incentivized testnet, Hemi has demonstrated its resilience and capability as a powerful network for advancing blockchain applications across Bitcoin and Ethereum,” said Jeff Garzik, co-founder of Hemi.

“The Hemi team has a clear and compelling vision for unlocking the programmability, portability, and potential of Web3,” said Ted Breyer, partner at Breyer Capital. “With a distinguished track record, they are uniquely positioned to deliver.”

A Layer-2 from a Different Point of View

Attempts to integrate and scale Bitcoin and Ethereum have tended to address the problem within their respective communities, resulting in a fractured ecosystem. Hemi instead approaches Bitcoin and Ethereum as components of a larger supernetwork. This surfaces the key capabilities of both networks and, in turn, enables a new class of previously unattainable blockchain applications.

Hemi’s benefits include:

• Unifying Bitcoin and Ethereum — The Hemi Virtual Machine (hVM) integrates a full Bitcoin node within an Ethereum Virtual Machine (EVM), enabling developers to harness the power of both Bitcoin and Ethereum using familiar and proven development tools.
• Bitcoin Programmability — Building with the Hemi Bitcoin Kit (hBK) provides developers direct access to highly granular views of Bitcoin’s state, unlocking new applications that were previously impractical or impossible to execute in a truly trustless, secure, and efficient way.
• Superfinality — Through its PoP consensus protocol, Hemi inherits Bitcoin’s full security in a truly decentralized and permissionless manner, exceeding Bitcoin-level finality (“superfinality”) in just a few hours.
• Trustless Cross-Chain Portability — With Tunnels, Hemi offers a Bitcoin-secured method for moving assets between Bitcoin and Ethereum.
• Asset Programmability — Hemi’s additional asset-programmability features include on-chain routing, time-lock, and password-protect. Gasless transfer enables asset movement without requiring a web3 wallet.

“The Hemi team can be described in one word: ambitious. Everything we learned during our testnet has been embedded into the mainnet release and we are excited for our users and developers to build and use applications across Bitcoin and Ethereum,” said co-founder and CTO Max Sanchez.

About Hemi Labs

Hemi Labs is the creator of the Hemi Network (“Hemi”), a modular Layer-2 network for superior scaling, security, and interoperability, powered by Bitcoin and Ethereum. Instead of approaching Bitcoin and Ethereum as siloed ecosystems, Hemi views them as components of a single supernetwork, unlocking new levels of programmability, portability, and potential. Hemi Labs envisions a new, converged Internet ecosystem that is secure, interoperable, and ready for the many challenges of a Web3 that is imminently colliding with the Internet at large.

Users can learn more at https://hemi.xyz/.

[PRESS RELEASE – Bethesda, United States, February 25th, 2025]

Glenn Chin, Chief Marketing Officer of Invincible GG and founder of MOST-PROLIFIC, is set to take the stage at ETHDenver 2025, one of the world’s largest gatherings for Web3, blockchain, and cryptocurrency innovators. A pioneer in gaming, sports, and technology, Chin’s presence signals Invincible GG’s emergence as the next major force in the Web3 gaming ecosystem.

“We’re not just creating games—we’re revolutionizing the entire gaming landscape,” said Chin. “At Invincible GG, we are bridging the gap between traditional gaming, AI-powered virtual sports, and decentralized ownership. Here, AI enhances the experience, but it’s player skill and strategy that truly define the outcome. This isn’t just a project; it’s a movement.”

Gaming & Sports Industry Powerhouse Joins the Web3 Revolution

With 25+ years of experience leading global sports and gaming brands, Chin’s track record is unparalleled.

As VP of Global Brand Management & Creative Development at EA SPORTS, he played a key role in launching notable franchises such as NBA LIVE, Coach K College Basketball, and NBA Street—games that shaped the culture of sports gaming.

As Head of Global Brand for Nike Basketball and Nike Sport Performance, Chin led the rebranding of Nike Basketball and played a big role in the launch of NIKE+, an innovation born from Nike’s collaboration with Apple.

Beyond gaming, Chin has been an investor, advisor, and consultant in esports and digital entertainment, working with major sports leagues, gaming platforms, and emerging blockchain projects.

“I joined Invincible GG due to the innovative history, vision, and execution of founder and CEO Jonathan Strause, along with our shared passions for games, sports, and emergent technologies,” Chin stated. “What he created at IGG represents the future of gaming competition, ownership, engagement, and sports entertainment.”

Strause—a proven innovator and entrepreneur—will also be at ETHDenver sharing Invincible GG’s vision for the future of competitive mobile and Web3 gaming. His decades long track record in sports betting, video gaming, and digital innovation positions IGG as an industry Leader, bringing cutting-edge sports gaming that leverages blockchain and AI technologies to the mainstream.

Invincible GG & Owners Club: Leading the Web3 Competitive Gaming Evolution

At Denver, Chin will highlight Invincible GG’s innovations, including the success of Owners Club, a first-of-its-kind, mobile real-money, competitive racing game where players truly own AI-powered horses on the Solana Blockchain.

“People don’t just want to watch sports anymore; they want to own, compete, and control their experience,” said Chin. “Owners Club is just the beginning—Invincible GG is creating a new category that blends sports, gaming, and blockchain into an interactive, strategic ownership experience.”

How Invincible GG is Set to Disrupt the Fantasy Sports, Mobile Gaming, and Sports Betting Markets

• Built on Solana – Utilizing Solana’s speed and efficiency to enhance gameplay and digital ownership.
• True ownership & competition – Web3-powered experiences where players own, train, and compete with digital assets that hold real value.
• Directive Intelligence – AI-powered athletes that evolve with your strategy and tactics. Invincible GG’s proprietary Directive Intelligence technology allows players to develop, train, and refine AI-driven competitors that learn and adapt, amplifying skill and strategy.

Invincible GG is expanding beyond horse racing and working with independent developers to bring compelling fighting, team sports, and racing games onto the IGG platform.

Joining the Future of Gaming at ETHDenver

ETHDenver 2025 marks a turning point for Web3 gaming—and Invincible GG is leading the charge.

“The time is now, and the opportunity is massive,” said Chin. “We’re bringing together the biggest industries in the world—sports, gaming, and blockchain—to build something truly revolutionary.”

For more information on Invincible GG and Owners Club, users can visit: www.invinciblegg.com 

About Invincible GG

Invincible GG is pioneering a new era of mobile gaming and interactive sports entertainment, merging PvP skill-based gaming with live content distribution for legal wagering in regulated markets. Our platform leverages directive intelligence, patented sports simulations, and the Solana blockchain enabling players to own AI-powered athletes or horses and compete using their Gaming IQ for real money. The first expression of their platform, Owners Club, has been soft launched to great acclaim and will roll out in 2025 to markets globally. This ecosystem represents the next evolution of sports entertainment

About Owners Club (OC)

Owners Club is the most true-to-life mobile horse racing game that blends real-time competitive gameplay with true digital horse ownership and development. Players breed, train, and race their horses, building dynasties in an ever-evolving ecosystem. Since launching in 2024, Owners Club has rapidly grown into one of the most engaging Web3 sports experiences in the World, as evidenced by the running of the Virtual Champions Day Challenge on QIPCO British Champions Day at Ascot Racecourse in front of 30,000 fans.

On Feb. 25, Japanese investment firm Metaplanet announced that it had purchased an additional 135 BTC for around $96,000 per bitcoin.

The $13 million buy has increased the firm’s total holdings to 2,235 BTC, worth around $205 million at current market prices. Its most recent addition to this stash was on Feb. 20, with a 68 BTC purchase.

The latest purchase has propelled Metaplanet to the fifteenth-largest corporate holder of BTC globally, just behind Voyager Digital, according to BitBO.

*Metaplanet purchases additional 135 $BTC* pic.twitter.com/JA3Rd9E8lP

— Metaplanet Inc. (@Metaplanet_JP) February 25, 2025

Buying The Dip

Metaplanet has a similar strategy to Strategy — formerly MicroStrategy — in generating a BTC Yield which measures Bitcoin holdings relative to total diluted shares. It reported a BTC yield of 23.2% so far for Q1 2025, which follows 310% in Q4 2024.

In late January, the firm issued 21 million new shares through stock acquisition rights to its EVO Fund. Earlier this month, it raised 4 billion yen ($26.7 million) via bonds used to buy Bitcoin. Since July 2024, Metaplanet has aggressively increased BTC holdings through equity and debt financing.

Metaplanet shares have increased a whopping 3,400% over the past 12 months. However, they dropped 4% on the day on Feb. 25 as Bitcoin and crypto markets crashed.

The Japanese firm is not the only one buying the dip. El Salvador purchased a further 8 BTC this week, adding to its stash, which now totals 6,088 BTC worth around $560 million.

The stacking will continue until morale improves!

https://t.co/onNZgyL6Ei

— The Bitcoin Office (@bitcoinofficesv) February 24, 2025

Just a few hours after announcing the successful completion of a $2 billion offering of convertible notes on Feb. 24, Strategy said it had purchased the same amount of BTC, bringing its total stash to 499,096 BTC worth around $46 billion.

Bitcoin Slumps on Trump Tariffs

The continued Bitcoin accumulation came just before markets took their largest hit of the year so far, with an 13% crash in total capitalization.

BTC dumped around 10%, falling from $96,000 to its lowest price position in over three months of under $87,000.

The market meltdown followed a news conference with Donald Trump and French President Emmanuel Macron in which Trump said his planned 25% tariffs on Canada and Mexico were “going forward on time, on schedule.” A similar crypto crash occurred earlier this month when Trump initially imposed his tariffs.

Equity markets have also been in the red this week as stocks slid on renewed trade tariff fears.