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Government of Maharashtra and Pegasus Capital Advisors Sign MoU to Boost Food Security and Food Processing Sector

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–News Direct–

The Government of Maharashtra and Pegasus Capital Advisors have entered into a cooperation Memorandum of Understanding (MoU) aimed at exploring the potential of maximizing opportunities in the food security and food processing sector in Maharashtra. This agreement was formalized during the Government of Maharashtra's participation at the World Economic Forum 2024.

The MoU outlines a collaborative effort between Pegasus Capital Advisors, a global private markets impact investment fund, and the Government of Maharashtra to explore and develop food processing units in the state of Maharashtra and the UAE. The Government of Maharashtra will share an operational plan within 90 days, detailing the opportunities for collaboration and identifying trusted partners and entities.

Maharashtra, with its robust agriculture sector and logistical capabilities, is well-positioned to address the GCC food security needs and this collaboration with Pegasus Capital Advisors aligns with the governments vision to empower 11 million farmers in the state.

Craig Cogut, Partner at Pegasus Capital Advisors, expressed enthusiasm about the partnership, stating, "We are eager to contribute to the vision of creating a sustainable food processing economy and empowering millions of farmers in Maharashtra. This partnership is important to building a resilient and integrated food supply chain and strengthening natural farming practices."

The Government of Maharashtra's ambitious initiative focuses on addressing the UAE's and GCCs immediate food basket requirements, promoting increased production capacity, and supporting the development of the food processing sector.

The comprehensive plan encompasses key aspects designed to bring about transformative changes in the food security and food processing sector. First, it prioritizes the empowerment of Maharashtra's 11 million farmers, facilitating their access to markets and cutting-edge agricultural technology through strategic partnerships. Secondly, the initiative positions Maharashtra as a long-term supplier of essential food items such as millet, soybean, wheat, and sugarcane, effectively meeting the pressing food security needs of the UAE.

The third focal point involves the establishment of state-of-the-art food processing units in both Maharashtra and the UAE, promising the creation of skilled employment opportunities and a significant economic boost for both regions. Lastly, by leveraging the UAE as a pivotal export hub, the collaboration seeks to penetrate new markets in the GCC, Central Asia, and Africa, establishing a robust and diversified food supply chain.

These key aspects collectively underscore a holistic approach that addresses immediate food security concerns and fosters economic growth, technological advancement, and international trade.

The collaborative effort seeks to achieve positive economic, social, environmental, and health impacts for the UAE and India. Notable outcomes include empowering farmers, boosting the Indian economy through exports, building food processing infrastructure in the UAE, and promoting the "Make in India" and "Made in UAE" vision.

About Pegasus Global Capital Advisors

Pegasus Capital Advisors is a leading global private markets impact investment manager, dedicated to fostering sustainable and inclusive growth. As the first U.S. private equity fund manager accredited by the Green Climate Fund, Pegasus Capital Advisors invests in companies and technologies that aim to make a measurable, long-lasting impact.

Explore more at www.pcalp.com.

Contact Details

Courtney Bonness

Riff City Strategies

courtney.bonness@riffcitystrategies.com

Company Website

https://www.pcalp.com/

View source version on newsdirect.com: https://newsdirect.com/news/government-of-maharashtra-and-pegasus-capital-advisors-sign-mou-to-boost-food-security-and-food-processing-sector-257769481

Pegasus Capital Advisors

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Demiralp Yılmaz Announced That He Will Represent Turkey in the Küresel Hisse Senedi Getiri Zirve Savaşı and Promised Victory

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Demiralp Yılmaz announced that he would represent Turkey and emphasized his determination to win the championship.

The prominent investment analyst, Demiralp Yılmaz, officially announced at a highly anticipated press conference that he would represent Turkey in the upcoming Küresel Hisse Senedi Getiri Zirve Savaşı. Yılmaz stated that he would fight with all his strength to win the championship and showcase his exceptional investment talents to the world.

Demiralp Yılmaz: “Victory Is My Only Goal”

Demiralp Yılmaz is known for his solid investment style and versatile investment skills. Speaking to the media, he did not hide his determination for victory:
“I’m here not just to participate but to win. I am representing not only myself but the strength of Turkey’s financial market. I believe that with my experience and strategies, we will achieve the best results.”

Taking the stage as Turkey’s representative, Yılmaz will carry his nation’s hopes into the global investment competition, aiming to enhance Turkey’s influence in the international financial arena.

Competition Background

The Küresel Hisse Senedi Getiri Zirve Savaşı is a prestigious stock trading competition organized by the European Securities and Markets Authority (ESMA), bringing together the world’s top investors. Participants will use a starting fund of 10 million USD, provided officially, to trade stocks in global markets, competing for a weekly prize of 1 million USD. The competition will continue until April 1, 2025.

A New Hope for Turkish Investors

Turkey’s financial circles have high expectations for Demiralp Yılmaz’s participation in the competition. Known for his vast market experience and outstanding analytical abilities, Yılmaz has achieved significant success in the financial markets. His involvement in this competition is not only a milestone for his career but also a great opportunity to showcase Turkey’s competitiveness and potential in the investment field on the global stage.

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Press Release

Roam’s Telecom Data Layer: Pioneering the Future of DePIN

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Roam introduces Physical L1 model to build a decentralized Telecom Data Network, expanding market potential and leading new narratives in DePIN.

The Decentralized Physical Infrastructure Network (DePIN) sector emerged in 2019 and has grown significantly over the years, with total token market capitalization reaching billions of dollars. However, DePIN still faces numerous challenges, including a mismatch between user needs and available products, scalability issues, unsustainable economic models, and limited infrastructure expansion. These obstacles have restricted the widespread adoption of DePIN projects, confining many participants to token speculation and limiting the sector’s overall impact.

An exceptional DePIN project should possess the following characteristics:

  1. Real application needs
  2. User-friendly products that meet those needs
  3. Significant market potential
  4. Solid data foundation
  5. Strong industry endorsements

Roam stands out as one of the few DePIN projects meeting all these criteria. With the recent launch of its Telecom Data Layer, Roam is building a decentralized telecom data network using the Physical Layer 1 (Physical L1) model to handle specific data types. This infrastructure enables the development of rich and practical applications that serve users effectively, elevating Roam beyond traditional DePIN projects. By becoming the foundational layer of DePIN, Roam significantly expands its market potential and opens up new possibilities for innovation.

Addressing Real Needs with Innovative Products

In today’s society, internet access is as essential as water and electricity. However, seamless connectivity is not always readily available, especially for travelers who often face poor network signals, high data fees, repetitive logins, and lengthy registration processes. Roam is committed to building a global decentralized WiFi roaming network. Utilizing Decentralized Identity (DID) and Verifiable Credentials (VC) technologies. Roam offers users a secure, seamless, and global wireless experience.

Key Features of Roam:

  • Global Free WiFi Roaming: Roam’s services are free for end-users, providing unrestricted access to WiFi networks worldwide.
  • Global Free Data with eSIM: Users can obtain free international data within the Roam app, even in areas without WiFi coverage, ensuring constant connectivity.
  • User-Friendly Experience: With a simple registration on the Roam app, users can connect to global WiFi networks effortlessly through Roam’s multi-chain wallet.
  • Privacy and Security: DID and VC technologies safeguard user information, while zero-knowledge proof allows identity verification without disclosing personal data.
  • Token Incentives: Users receive token rewards for activities like registration, referrals, and sharing. Network providers earn tokens by sharing WiFi resources or using Roam routers like the Rainier MAX 60.
  • Comprehensive Network Infrastructure: Roam distributes hardware supporting computing, storage, and connectivity, such as WiFi routers and AP access points, forming the backbone of its network.

Telecom Data Layer: Surpassing DePIN

Roam’s latest initiative introduces a broader vision for future development. Traditional DePIN projects focus primarily on user adoption at the application layer. In contrast, Roam extends its focus to the physical layer. A vast network of Roam mining nodes has been established, each providing network services and generating location and time data during user interactions. This forms a decentralized telecom data layer, with core data synchronized to the blockchain in real time and stored on Solana and other collaborative blockchains. This infrastructure unlocks broader application scenarios and offers richer services to users.

Roam connects people to devices, as well as devices to devices (Internet of Things), devices to data, and devices to AI. While leveraging blockchain technology to build its digital ecosystem, Roam is not confined to blockchain data systems. It rapidly deploys infrastructure hardware using DePIN advantages but extends services beyond DePIN’s traditional scope. For instance, Roam can support Content Delivery Networks (CDN) and Virtual Private Networks (VPN), positioning itself at a more foundational level than the application layer.

Building a Platform for Diverse Applications

The Roam Telecom Data Layer, built through the Physical L1 model, establishes a global decentralized telecom data network rooted in DePIN’s foundational layer. This allows various projects to utilize Roam’s Telecom Data Network to develop richer services and diverse applications—not limited to WiFi and data traffic related to Roam. The platform supports multiple sectors, including information storage, data communication, AI computing, and edge computing, fostering a robust ecosystem. It enables data interoperability between different projects and interconnectivity between devices.

Implementing a data network is more challenging than developing application layers, but Roam has made significant strides. With over 600,000 nodes synchronizing information in real-time, Roam is constructing a new, expansive Internet of Things network. The ecosystem’s data layer is based on blockchain technology, where DID usage extends beyond humans to devices and AI, advancing toward a “Blockchain of Things (BoT).” The Physical L1 model expands Roam’s market potential, evolving it from a DePIN project into a platform capable of nurturing a prosperous ecosystem and enabling new narratives.

Solid Data and Strong Endorsements

Roam boasts over 760,000 app users across more than 190 countries, covering over 3.5 million OpenRoaming nodes. Users have added an additional 710,000 self-built network nodes, making Roam the third-largest DePIN project on Depinscan.io.

Strong Industry Endorsements:

  • Wireless Broadband Alliance (WBA) Membership: Roam is the only Web3 Identity Provider (IDP) within the WBA, the global authority setting standards for the wireless broadband industry. Members include industry giants like AT&T, BT, Boingo, Cisco, Deutsche Telekom, KT, Orange France, True Internet, and TMN/Portugal Telecom.
  • Technology Partnerships: Roam has established deep collaborations with leading companies and platforms such as Samsung, Cisco, Intel, and Solana.
  • Hardware Manufacturing Collaborations: Partnering with Xiaomi’s supply chain, Roam has developed and produced high-quality WiFi routers, including the Roam Rainier MAX 60 and Roam Baker MAX 30.
  • Significant Investment Backing: Roam has secured tens of millions of dollars in two funding rounds from investors like Anagram, Volt Capital, Comma 3 Ventures, IoTeX, Awesome People Ventures, Crowdcreate, Future Life, Slope, Stratified Capital, JDI Global, ZC Capital, Future 3 Campus, ECMC Group, SNZ, and DePIN Labs. In February 2024, Roam received strategic investment from Samsung Next.

Over the past three years, Roam’s team has grown from an initial five members to over 50, with its user base approaching the one million mark. With the introduction of the newTelecom Data Layer and Physical L1 blueprint, Roam is poised to lead a new wave of innovation, fostering a more prosperous and interconnected ecosystem.

For more information, please visit Website , X

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Press Release

Trust Wallet Launches First Launchpool Project With WHY Token

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Trust Wallet Launchpool offers users and TWT holders access to rewards and exclusive project tokens in a secure, decentralized environment.

DUBAI, UAE — Trust Wallet, the world’s leading self-custody Web3 wallet trusted by over 140 million users, has launched its newest feature, Trust Wallet Launchpool and the first projects and tokens users can explore: TWT, $WHY and slisBNB.

Trust Wallet Launchpool allows TWT holders and other token holders who are Trust Wallet users to earn rewards by discovering and engaging with promising projects in a secure and user-friendly way. By locking tokens like TWT or any partner tokens designated for each campaign, users can acquire new tokens or rewards from both pre-launch and launched token projects, diversifying their portfolios and supporting innovative ventures with minimal risk.

With this feature addition, Trust Wallet becomes the first self-custody wallet to offer launchpool opportunities – providing its users with exclusive access to rewards and tokens from emerging projects, while supporting the growth of Web3 communities.

“Trust Wallet Launchpool aligns perfectly with our mission to build a more inclusive Web3 ecosystem while giving back to the community, including TWT holders and partner token holders. It provides our users with unique opportunities to engage with innovative projects and earn rewards, all without the risks typically associated with centralized platforms.” said Eowyn Chen, CEO of Trust Wallet.

How Trust Wallet Launchpool Works

Trust Wallet Launchpool is part of the app’s “Earn” section, designed to provide users with a simple and secure way to engage with early-stage crypto opportunities. Users can select projects they are interested in and lock TWT or other tokens in specific pools to earn new tokens as rewards. This offering is fully supported by on-chain smart contracts and open-source protocols, ensuring transparency and security, and setting it apart from centralized alternatives.

First Project On Trust Wallet Launchpool

For the first launchpool project, Trust Wallet users can lock their tokens in 2 pools and earn rewards. The locked tokens are:

  • TWT – Trust Wallet Token, an integral component of the Trust Wallet ecosystem, exhibiting versatility across multiple blockchain networks. It exists in various formats: as a BEP-20 asset on the BNB Smart Chain and also as an SPL token on the Solana network. TWT’s primary utility lies in its governance function. It empowers token holders with the ability to influence key decisions regarding the development and evolution of Trust Wallet. And from today, TWT can be used as part of Trust Wallet Launchpool.
  • slisBNB – slisBNB unleashes the full potential of BNB, allowing users multiple layers of yield such as Launchpools, Liquidity Staking, DeFi rewards.

The reward token for this launchpool project is $WHY, a top meme coin on BNB chain. WHY is a bipolar elephant in a bipolar crypto market. Skyrocketing in popularity with a unique story, worldwide community, and commitment to fairness and longevity. $WHY is an exciting project embodying everything we love about meme culture! As part of the campaign 4.2 Trillion WHY tokens (worth $1.2+ Million) are available for rewards.

  Locking & Reward Structure:

  • Campaign Duration: 7 days
  • Locking Tokens Amount: No minimum or maximum limit
  • Reward Distribution: Every 8 hours. Users can claim rewards at any time after distribution.
  • Withdrawal Rules: Locked tokens cannot be withdrawn until the campaign ends

After the campaign ends, any unclaimed TWT will automatically roll over to the next session, ensuring continued participation and early access to future rewards.

Additional Details:

  • Users need to hold TWT or slisBNB in their wallet to participate.
  • A small amount of BNB is required to cover gas fees for locking and claiming rewards

Benefits for Users and Web3 Projects

Trust Wallet Launchpool benefits both users and projects by creating a mutually supportive environment. This feature provides a safe, decentralized way to earn project tokens, empowering users to engage with the evolving Web3 landscape while supporting the growth of promising ventures. For Web3 projects, Trust Wallet Launchpool offers a unique platform to increase visibility and build a solid community base. By connecting with Trust Wallet’s extensive user base, projects can attract more users and gain momentum in a competitive market.

Nate Zou, Head of Product at Trust Wallet, added: “Trust Wallet Launchpool is a natural evolution of our commitment to our community. We want to provide our users with more ways to engage with Web3 opportunities while offering our partners a sustainable method to grow their user base and strengthen their community.”

Trust Wallet Launchpool is now available on the latest version of the Trust Wallet app. Be among the first to explore exclusive rewards and project tokens. Download Trust Wallet now.

About Trust Wallet

Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits.

For media enquiries, contact: Dami Odufuwa, Head of Communications press@trustwallet.com 

Media Contact:

Dubai, UAE
Dami Odufuwa, Head of Communications
press@trustwallet.com 
https://trustwallet.com/

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