Phoenix Group Highlights Upcoming Token Unlocks; Aethir Partners with Manta Network to Enhance Web3 Cloud Computing Capabilities
- DDDOriginal
- 2024-11-06 09:10:18511browse
As the cryptocurrency landscape evolves, significant token unlocks, and partnerships are shaping the future of various projects. Notably, the Phoenix Group has outlined significant upcoming token unlocks that could impact market dynamics. Simultaneously, Aethir has announced a strategic partnership with Manta Network to enhance cloud computing capabilities for Web3 projects.
As cryptocurrency landscapes continue to evolve, upcoming token unlocks and partnerships are set to shape the future of various projects. Here's a closer look at some key developments.
The Phoenix Group has highlighted upcoming primary token unlocks for several projects. Notably, Galxe (GAL) will unlock 5.18 million tokens (2.59% of supply), valued at $8.70 million on November 5. This unlock could boost liquidity and trading activity for GAL.
Moreover, Heroes of Mavia (MAVIA) is set to unlock 1.54 million tokens (0.62% of supply), valued at $1.78 million, on November 6. The upcoming unlock will likely enhance the project's market visibility.
Automata Network (ATA) will unlock 25.23 million tokens (2.52% of supply) valued at $1.88 million on November 7.
The increased availability of ATA tokens might spur trading and investment interest. Neon (NEON) is scheduled to unlock 53.91 million tokens (5.39% of supply) worth $19.25 million on November 7, potentially increasing its market capitalization.
Other significant unlocks include GAM3S (G3) with 25.38 million tokens (5.21% of supply) and Conflux (CFX) with 8.79 million tokens (1.57% of supply), both set for November 9. Finally, Cetus Protocol (CETUS) will unlock 19.54 million tokens (1.95% of supply) valued at $3.47 million on November 10.
These unlocks represent a substantial release of tokens into the market, which could influence trading volumes and price movements for these cryptocurrencies.Aethir Partners with Manta Network
In a move to bolster Web3 infrastructure, Aethir has partnered with Manta Network. This collaboration aims to provide promising Web3 projects with access to best-in-class cloud computing and blockchain technology.
The partnership will integrate Aethir DePIN stack, providing affordable and high-performance GPUs to accelerate research and development within the Manta ecosystem.
Aethir’s decentralized GPU cloud infrastructure, represented by its token $ATH, is positioned as an enterprise-grade AI-focused GPU-as-a-service provider. This development caters to the growing demand for AI and gaming applications.
The partnership is backed by key investors, including hiFramework, Merit Circle, HashKey Capital, Animoca Brands, Maelstrom Fund, and Mirana, collectively raising over $32 million for the Aethir ecosystem.
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