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Polkadot Selects Indy 500 Brand Ambassador Via Blockchain

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For the first time in history, a cryptocurrency firm has used blockchain technology to select an athlete for a brand ambassador sponsorship deal.

According to a press release sent to CryptoPotato, the Polkadot community just passed a vote to sponsor IndyCar racing star Conor Daly as Polkadot brand ambassador for the upcoming Indianapolis 500, an annual automobile race held at Indianapolis Motor Speedway.

Daly as Polkadot’s Indy 500 Ambassador

The Indy 500 race is slated for May 26, and the tournament will mark the beginning of a year-long collaboration between Polkadot and Daly. The deal will extend beyond the racetrack as Polkadot will host interactive community events and digital initiatives to engage Daly’s fans and introduce them to the cross-chain network.

The proposal that selected Daly as Polkadot’s brand ambassador passed with a 95.8% vote, representing a shift from traditional sponsorship methods, where negotiations are made behind closed doors. Polkadot said its decentralized approach to the deal is pioneering a new way to engage in sponsorships, prioritizing transparency and community-led decision-making through blockchain technology.

“This landmark sponsorship proves the transformative power and trust of blockchain technology in making a previously exclusive process open and inclusive. It’s a testament to Polkadot’s forward-thinking innovative community, robust network, and progressive governance model. It’s a blueprint for future collaborations,” said Chris Wade, a Polkadot community member who advocated for the proposal.

Polkadot Sees High Activity

A prominent personality in the American professional racing space, Daly is one of the 29 drivers in history who raced in the National Association for Stock Car Auto Racing’s Daytona 500 and the Indy 500 in the same year. In addition to his remarkable racing record, Daly is the co-host of the weekly motorsports podcast Speed Street.

Commenting on the alliance with Polkadot, Daly said:

“The fact that thousands of individuals in the Polkadot community – not a corporate marketing team – used their voices to vote and select me as their ambassador is an incredible honor and reflective of the power of what a more free and open internet can look like in the future… We’re bringing power back to people, while making sports history.”

Polkadot’s announcement comes as the blockchain sees a record-breaking number of addresses in its ecosystem. More than 600,000 addresses are currently active on Polkadot, signaling bustling activity on the network.

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Bitget Hosts the Inaugural Blockchain4Her Awards at SheFi Summit

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[PRESS RELEASE – Victoria, Seychelles, September 26th, 2024]

Bitget, the leading crypto exchange and web3 company, hosted its inaugural Blockchain4Her Awards at the SheFi Summit in Singapore on September 17, 2024, with five winners announced across two categories. The event saw over 1,000 participants from around the world, with 100+ nominations received for the Awards. The event was supported by 12 major partners, including tier-1 media BeInCrypto, Crypto.News, The Coin Republic, Input Communications, Genzio, as well as leading community bodies like the Women in Web3 Switzerland.

The Blockchain4Her Awards is an initiative that celebrates and promotes women in the blockchain industry. Launched as part of Bitget’s broader Blockchain4Her program, it addresses the gender disparity in the blockchain space, where female-led startups receive only a small fraction of total funding. The awards feature two main categories – the Rising Female in Blockchain Award and the Innovative Web3 Female Entrepreneur Award.

​​Gracy Chen, CEO at Bitget, delivered a keynote at the SheFi summit where she exclaimed Bitget’s commitment to supporting women in blockchain. With the $10 Blockchain4Her initiative, Bitget is taking steps towards empowerment by providing “role models, mentorship, networking, and targeted support, we’re ensuring that more women can step into leadership roles in the blockchain space,” said Chen.

Bitget announced three winners for the ‘Rising Female in Blockchain Award’ category – Alexandra Nicorici, Gesa Schneider, and Rebecca Matsumura.

Alexandra Nicorici is the founder and host of the OOO podcast, a popular Web3 marketing podcast that connects marketing professionals to leading founders who are building transformative communities and products in the industry.

“Two years ago, if someone had told me I would receive a Rising Woman in Web3 Award, I wouldn’t have believed them. I was struggling a lot, in an industry that is not only a boys club, but not very mature yet,“ said Alexandra. “Today, I am more proud of myself and all the amazing women in Web3 who are rising, being present and contributing to this amazing industry.” Through her influence, Alexandra has helped several Web3 and crypto startups grow and drive valuable partnerships over the years.

Gesa Schneider is a renowned Devcon Scholar at the Ethereum Foundation and an active advocate at The Female Factor – one of the largest global communities for female leaders. “To be recognized as a Rising Female in Blockchain is such a great honor,” said Gesa during the Blockchain4Her Awards. “It validates my work to pioneer Web3 innovations for a sustainable future.”

The third winner is Rebecca Matsumura, an Associate Attorney at Fenwick & West. For almost a decade, Rebecca has provided legal guidance to blockchain and fintech firms, helping them manage compliance in the complex regulatory landscape. She is pioneering a new generation of women in law who want to step into the dynamic legal space of Web3 and crypto. Through this award, Bitget celebrates her transformative contribution to increasing inclusivity and openness in this niche sector.

The award for Innovative Web3 Female Entrepreneur went to Maika Isogawa, the co-founder and CEO of Webacy – one of the fastest-growing blockchain security suites. Tech and security have been historically quite underrepresented sectors for women, and the gap is more concerning in the Web3 industry. However, leaders like Maika have been actively inspiring change in this sector. Maika was also listed among the Forbes 30 under 30.

The winners were decided by a panel of four judges, including the CEO of Bitget Gracy Chen, the co-founder of Hacken Yevheniia Broshevan, leading venture capitalist Tess Hau, and the founder of SheFi Maggie Love Wu.

The awards are supported by a $10 million commitment from Bitget to promote diversity and inclusivity in the sector. The support loop for Blockchain4Her focuses on Elevating, Empowering, Educating, and Embracing women in blockchain. Bitget aims to ensure that women in Web3 have the appropriate resources, opportunities, and representation needed to succeed in their role.

The Blockchain4Her campaign provided scholarships for educational programs like SheFi’s 8-week blockchain course, mentorship opportunities, and participation in major industry events. The overall aim is to build a gender-diverse ecosystem where women play a significant role in driving technological advancements and leadership in blockchain​. As a part of the campaign, Bitget is also establishing an alumni group, where female entrepreneurs and leaders can exchange ideas and build networks to grow their careers.

After the success of the campaign at SheFi, Bitget is set to host various Blockchain4Her events in different regions.

Event highlights

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

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Is Bitcoin’s Price in Trouble? This Important Metric Suggests Short-Term Pain for BTC

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Bitcoin’s price has been on a positive trend for the past week but it has unsuccessfully challenged the $65,000 level a few times.

According to on-chain data, BTC whales have been offloading a lot of their holdings lately, which could suggest more trouble on the horizon if they continue.

Popular crypto analyst Ali showcased the substantial sell-off that transpired earlier this week, in which, larger entities disposed of more than 20,000 BTC within the span of 24 hours.

This was among the biggest sales that occurred within just a day since the start of the year. In USD terms, the total value was just shy of $1.3 billion.

BTC’s price tumbled yesterday from almost $65,000 to under $63,000 but managed to recover most of the losses almost immediately. After jumping toward $64,000 earlier today, it kept rising and currently sits at $64,400.

If whales’ behavior remains the same and they continue selling, BTC’s price actions could worsen again. Ali outlined $63,300 as the most crucial support level that has to hold, otherwise the cryptocurrency risks dropping to $60,365.

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Dogecoin (DOGE) Could Surge by Another 30% if its Price Holds This Level: Analyst

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Dogecoin’s price has been on a roll in the past few weeks, having surged by about 30% since September 7.

Recent data provided by the popular cryptocurrency analyst Ali hints at another similar rally should the meme coin decisively conquer the $0.11 resistance.

Alongside the rest of the market, DOGE dumped hard in the first week of September, going from over $0.1 to a multi-week low of $0.089 (on Bitstamp).

However, it began to recover shortly after and surged past $0.11 earlier today. In fact, it currently sits at $0.114, which means that it has increased by 28% since the aforementioned low.

According to Ali, more than 62,000 wallets hold over 36 billion worth of the OG meme coin bought at this level $0.111, making it a crucial psychological resistance.

If they decide to retain their holdings instead of selling with minor gains, DOGE’s price ascent can continue in the next few weeks. Ali asserted that there are no “major supply walls in sight,” which could send the meme coin toward $0.15. This could be another 30% surge from its current price levels.

The largest meme coin has another thing going its way – whales. The analyst showed another graph indicating that such large investors have accumulated approximately $140 million worth of DOGE in just two days, which could be the catalyst for another rally.

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