Prophecy DeFi Appoints New President and Head of Operations

Prophecy DeFi Appoints New President and Head of Operations

Prophecy DeFi Inc. (CSE: PDFI) ("Prophecy DeFi", "Prophecy", or the "Company"), a publicly traded investment firm focused on the decentralized finance (DeFi) sector, is pleased to announce the appointment of Paul Rekai as President & Head of Operations.

Paul will lead the next chapter of Prophecy's operations and growth. In this position, Paul will complement Prophecy's existing leadership team of experienced traditional finance and crypto operators and look to expand revenue streams by providing essential financial services for DeFi projects and investors alike.

Paul is a crypto-native investor and operator, with experience working directly with on-chain DeFi Projects and investor-facing roles, bringing traditional investors into the world of crypto. Most recently, Paul was head of Business Development at AltFi Capital, a Digital Asset Hedge Fund and Investor Service Provider. In addition, Paul has served as a key advisor to SX Network, the largest blockchain-based betting site in the world. Paul has deep expertise in DeFi, through operational experience with Decentralized Exchanges (DEXs) and Automated Market Makers (AMMs) in yield farming and liquidity provision activities.

"We are extremely excited to have Paul join Prophecy's leadership team as we focus on driving more operational growth," said John McMahon, CEO, Prophecy DeFi. "Paul has the skills and experience necessary to help grow the business in a meaningful way."

In connection with Mr. Rekai's appointment the Company has granted him an aggregate of 3,000,000 options to purchase common shares of the Company, with 1,000,000 options each exercisable at prices of $0.05, $0.10 and $0.15, vesting over a 2 year period and expiring three (3) years from the date of issuance. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

About Prophecy DeFi

Prophecy DeFi (CSE: PDFI) provides retail and institutional investors with access to the decentralized finance sector by bridging the gap between DeFi and traditional finance. Prophecy DeFi invests in diverse DeFi and Web 3.0 startups to create new business opportunities in a coherent ecosystem.

www.prophecydefi.com

For further information, please contact:

John McMahon, CEO
Tel: (416) 764-0314
Email: jmcmahon@prophecydefi.com

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals and the possibility that the completion of the transaction may not occur. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142191

News Provided by Newsfile via QuoteMedia

PDFI:CC
The Conversation (0)
Prophecy DeFi Announces New Appointment to Board of Directors

Prophecy DeFi Announces New Appointment to Board of Directors

Prophecy DeFi Inc. (CSE: PDFI) ("Prophecy DeFi" or the "Company") is pleased to announce that it has appointed Mr. Andy Dayes to the Company's Board of Directors, effective immediately.

Mr. Dayes has 30 years' experience in the financial services industry as an entrepreneur, a company principal, and a senior executive working with large financial institutions such as Wells Fargo and entrepreneurial firms such as Next Edge Capital and Efficient Capital in the institutional capital-raising space.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Prophecy DeFi Announces Resignation of Director

Prophecy DeFi Announces Resignation of Director

Prophecy DeFi Inc. (CSE: PDFI) ("Prophecy DeFi" or the "Company"), announces the resignation of Stuart Hensman from the Board of Directors (the "Board").

"On behalf of the Company, I would like to thank Stuart for his contributions to the Board. We wish him all the best in his future endeavours," said John McMahon, CEO, Prophecy DeFi.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Prophecy DeFi Announces Q1 2022 Financial Results

Prophecy DeFi Announces Q1 2022 Financial Results

Not for Distribution to United States Newswire Services or for Dissemination in the United States

Prophecy DeFi Inc. (" Prophecy DeFi " or the " Company ") (CSE: PDFI), a publicly traded investment firm focused on the decentralized finance sector, is pleased to announce its financial results for the three months ended March 31, 2022 ("Q1").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PROPHECY DEFI'S INVESTMENT COMPANY LAYER2 BLOCKCHAIN CONTINUES TO IDENTIFY AND DEPLOY CAPITAL INTO HIGH YIELD DEFI OPPORTUNITIES

PROPHECY DEFI'S INVESTMENT COMPANY LAYER2 BLOCKCHAIN CONTINUES TO IDENTIFY AND DEPLOY CAPITAL INTO HIGH YIELD DEFI OPPORTUNITIES

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES /

Prophecy DeFi Inc. (" Prophecy DeFi ", " Prophecy " or the " Company ") (CSE: PDFI) is pleased to provide investors with an operational update on its wholly owned subsidiary, Layer2 Blockchain Inc. (" Layer2 Blockchain ", " Layer2 ", or the " Company ").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PROPHECY DEFI ANNOUNCES GRANT OF OPTIONS

PROPHECY DEFI ANNOUNCES GRANT OF OPTIONS

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES /

 Prophecy DeFi Inc. (" Prophecy DeFi " or the " Company ") (CSE: PDFI) announces that it has granted an aggregate of 1,400,000 options to purchase common shares of the Company to an officer and consultants of the Company, exercisable at a price of $0.60 per common share for a period of three (3) years from the date of grant, in accordance with the terms of the Company's stock option plan. The common shares issuable upon exercise of the options are subject to a statutory hold period of four months and one day from the date of grant.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

/C O R R E C T I O N -- Nanalysis Scientific Corp./

In the news release, Nanalysis Announces Full Year 2023 Conference Call, issued 11-Apr-2024 by Nanalysis Scientific Corp. over CNW, we are advised by the company that the Hosting Call and European Q&A Session date mentioned should read " Monday, April 29th and Tuesday, April 30th respectively" rather than " Thursday April 25th and Friday April 26th respectively" as originally issued inadvertently. The complete, corrected release follows:

Nanalysis Announces Full Year 2023 Conference Call

Hosting Call at 5:00 pm ET on Monday , April 29th

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Nextech3D.ai Selects AWS as its Primary Cloud Provider to Drive Innovation in the 3D Modeling For Ecommerce Industry With Cutting Edge AI

Nextech3D.ai Selects AWS as its Primary Cloud Provider to Drive Innovation in the 3D Modeling For Ecommerce Industry With Cutting Edge AI

Leading 3D Modeling Supplier uses AWS's generative AI and machine learning capabilities to accelerate its technology

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier for Amazon, Miele, P&G, Kohls, Wesfarmers Group "Bunnings" and other major e-commerce retailers has selected Amazon Web Services (AWS), an Amazon.com company (NASDAQ:AMZN), as its cloud provider for its 3D modeling hosting services and AI service provider. Nextech3D.ai will also host its dozens of AI Machine learning applications to the world's leading cloud. Using Amazon Bedrock, a service that makes multiple foundation models available via an API, Nextech3D.ai can build experimental generative AI applications to improve productivity across all business lines, including customer service, finance, human resources, and sales. The AI factory allows the company to efficiently use analytics and ML to develop and deploy churn prediction and next best-offer systems to drive customer engagement

News Provided by ACCESSWIRE IA via QuoteMedia

Keep reading...Show less
Nextech3D.ai Receives Notice From USPTO to be Granted Patent for CAD 3D Model Part Assembly & Segmentation

Nextech3D.ai Receives Notice From USPTO to be Granted Patent for CAD 3D Model Part Assembly & Segmentation

Company Expanding its Portfolio of AI Patents for 3D Modeling and CAD

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier for Amazon, Miele, P&G, Kohls, Wesfarmers Group "Bunnings" (Australia's largest listed company) and other major e-commerce retailers is excited to announce that U.S. Patent and Trademark Office (USPTO) has informed of their decision to issue a patent for its technology to assemble and segment parts for 3D CAD files so that each 3D part can be textured individually. This technology is currently having success and being used on the Toggle3D.ai Platform. This is another patent which the Company believes is pivotal to Nextech3D.ai's artificial intelligence technology stack as it builds a moat around its 3D model making for ecommerce business with industry expertise and intellectual property; which includes its GPT AI powered 3D model generation. This patent approval reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3D-AI & GPT patents and solutions

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Expands Offering to Ecommerce Imagery: Unveils Cutting-Edge 3D Model-AI Photo Rendering Services, Transforming 2D Photos into Dynamic Product Visuals

Nextech3D.ai Expands Offering to Ecommerce Imagery: Unveils Cutting-Edge 3D Model-AI Photo Rendering Services, Transforming 2D Photos into Dynamic Product Visuals

New ecommerce expansion with AI 3D-Photography Tools

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings" (Australia's largest listed company) and other major e-commerce retailers is adding Digital Photography and dynamic product visuals as part of its 3D model offerings. Now every 3D model that Nextech3D.ai creates will have stunning 2K, 4K, or even 8K photos to go with it for its ecommerce customers. This AI tool is expected to drive significant revenue for the company as each product listed for sale on an ecommerce platform requires a minimum of six 2D photos for listing, this offering allows the company to capitalize on this demand for 2D high res images while simultaneously increases the value of its 3D modeling business as it represents the all-in-one solutions for ecommerce sellers that sell on Amazon, Shopify and other platforms. The company has already signed up 10 existing customers for its digital photography offering representing over 6000+digital photos and will be offering it both as part of a 3D model bundle as well as a stand alone product offering for people that already have a 3D model opening up the ecommerce imagery market to the company. The company's analysis shows that creating and rendering 3D models is more cost-effective than traditional product photography, especially for products that are expensive to produce or difficult to photograph in real life. Once a 3D model is created, it can be easily manipulated and rendered from different angles without the need for physical prototypes or multiple photoshoots

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Aether Global Provides Update on Management Cease Trade Order

Aether Global Provides Update on Management Cease Trade Order

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, B.C. TheNewswire - April 17, 2024 Aether Global Innovations Corp. (CSE:AETH) (OTC:AETHF) (Frankfurt:4XA) (WKN#A2N8RH), a leader in drone management and automation, is providing this update on the status of a management cease trade order (the "MCTO") granted on April 3, 2024 by the British Columbia Securities Commission under National Policy 12-203 - Management Cease Trade Order ("NP 12-203").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
NEO Battery Materials Appoints Renowned Battery Industry Pioneer Mr. Ricky Lee as Lead Managerial Advisor

NEO Battery Materials Appoints Renowned Battery Industry Pioneer Mr. Ricky Lee as Lead Managerial Advisor

T S X V : NBM ) ( OTC: NBMFF )

NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to appoint Mr. Ricky Lee, a renowned battery industry pioneer, as the Lead Managerial Advisor. Mr. Ricky Lee is a 35-year battery and energy industry executive with substantial experience with battery material and cell design, mass-production technology, and equipment & process development at globally distinguished companies.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×