logo
Imagen Network (IMAGE) Developer to Add $125 Million Worth of Ripple (XRP) to Project Reserves

Imagen Network (IMAGE) Developer to Add $125 Million Worth of Ripple (XRP) to Project Reserves

Strategic reserve expansion aims to strengthen Imagen's multichain liquidity and cross-chain functionality.
Singapore, Singapore--(Newsfile Corp. - June 16, 2025) - Imagen Network , the decentralized AI-powered social platform, has announced that its developer will allocate $125 million worth of Ripple (XRP) to its project reserves. This bold move is designed to enhance liquidity, ensure cross-chain operability, and position Imagen as a multichain-ready hub for creative and decentralized expression.
[ This image cannot be displayed. Please visit the source: https://images.newsfilecorp.com/files/8833/255641_1af5541f1466bade_001.jpg ]
Powering the future of decentralized creativity with cross-chain reserves.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8833/255641_1af5541f1466bade_001full.jpg
As the world's first AI-driven decentralized social platform, Imagen has continually emphasized financial and infrastructural resilience. By expanding its reserve base with a substantial XRP commitment, the platform aims to support faster, cheaper cross-chain transactions while enhancing trust in its native token, $IMAGE. The XRP allocation also provides strategic reserves for creator rewards, staking incentives, and liquidity across DEXs and CEXs operating on BNB Chain, Ethereum, and Solana.
This announcement aligns with Imagen's broader roadmap of unlocking cross-chain capabilities and offering creators tools to monetize and share content without the constraints of traditional social platforms. Ripple's scalability and established financial interoperability are expected to serve as a strong foundation for Imagen's growing global user base.
This reserve expansion comes on the heels of Imagen's $52 million investment backing from KaJ Labs and recent token listing on MEXC, signaling rapid momentum in its mission to build the future of AI-powered decentralized networking.
About Imagen Network
Imagen Network is a decentralized social platform that blends AI content generation with blockchain infrastructure to give users creative control and data ownership. Through tools like adaptive filters and tokenized engagement, Imagen fosters a new paradigm of secure, expressive, and community-driven networking.
Media Contact
Dorothy Marley
KaJ Labs
+1 707-622-6168
[email protected]
Social Media
Twitter
Instagram
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255641

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Campus Fund Launches USD 100 Mn Fund to Back Student Led Startups
Campus Fund Launches USD 100 Mn Fund to Back Student Led Startups

Entrepreneur

timean hour ago

  • Entrepreneur

Campus Fund Launches USD 100 Mn Fund to Back Student Led Startups

Fund III plans to support up to 60 startups over the next four years, with initial investments ranging from INR 1 crore to INR 8 crore. Half of the fund is reserved for follow-on investments. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Campus Fund, a venture capital firm dedicated to student and dropout-led startups, has announced its largest fund to date—USD 100 million third fund. The firm has already secured more than half of the capital in its first close and has begun deploying funds, with two investments already finalised. Founded by Richa Bajpai in 2020 as a thesis project at London Business School, Campus Fund exclusively supports founders who are currently in university, have dropped out, or graduated within the last three years. Registered as a Sebi Category II Alternative Investment Fund (AIF), it evaluates over 7,000 startups annually through a network of more than 100 student scouts. "This is a full-circle moment for me," said Bajpai, who also co-founded Goodera. "My entrepreneurial journey started in my final year of engineering. To now back students chasing bold ideas, that's the most meaningful chapter of my career." Fund III will support up to 60 startups over the next four years, with initial investments ranging from INR 1 crore to INR 8 crore. Half of the fund is reserved for follow-on investments. Campus Fund's portfolio includes notable startups such as Digantara (space situational awareness), Sama (online dispute resolution), EtherealX (reusable rockets), and GreenGrahi (insect protein). Many have attracted follow-on capital from top firms like Accel, Peak XV Partners, Andreessen Horowitz, AlphaWave, and DST Global. The new fund is backed by a mix of family offices, institutions, and prominent individual investors, including 360 One. Notable limited partners include Kanwaljit Singh (Fireside Ventures), Bharat Shah (HDFC Bank co-founder), Asha Jadeja Motwani, Jaimin Bhatt, and Sameen Farooqui. Campus Fund continues to strengthen its position as a key catalyst for young founders shaping the future.

Here's What Reviewers Are Saying About Nintendo's New Switch 2 Console
Here's What Reviewers Are Saying About Nintendo's New Switch 2 Console

Yahoo

timean hour ago

  • Yahoo

Here's What Reviewers Are Saying About Nintendo's New Switch 2 Console

Nintendo figured its Switch 2 console would be hot—and it is. The Japanese gaming giant predicted sales of 15 million of the new Switch 2 in its first year, and it's already managed to sell 3.5 million in its first few days after hitting stores earlier this month. Now it's in the (literal) hands of millions of players, as well as reviewers who've sought to unpack what the new system offers in the early going. The second-generation Switch, which sells for $450, was advertised as having a better display, more power, and improved controllers. So, how did the system and its initial set of games go over? We read a range of reviews from different publications; for snippets of some of those reviews, along with links, read on. An improved screen was among Nintendo's selling points, and PC Mag liked what it saw. 'Between the size and sharper resolution, the Switch 2 is just more pleasant to view, overall. Even the generic menu—one that's very similar to Switch 1's, but with new sounds—looks cleaner,' it said. 'And that's just in handheld mode. With a dock capable of 4K, the Switch 2 looked great on my TV. After years of using an upscaling add-on for my HDMI cable to get better image quality from my Switch 1, this was an especially appreciated bonus.' Ars Technica appreciated the feel of the device, which is meant to be played both plugged in to big screens and as a handheld system. 'The unit feels a bit more substantial in the hand than the original Switch, but still a good deal less bulky than portable PCs like the Steam Deck, both in terms of weight and overall thickness,' the publication wrote. 'While it's still early, we'd expect long-term portable play to be plenty comfortable here.' 'It's a lovely thing in the hands—larger and, it feels, slightly sleeker than the Switch,' Eurogamer wrote. 'And that beautiful glossy screen makes its older sibling look a bit pokey ... So bright and sharp and large, such colours and such lovely smoothness. The same but slightly different, ditto the Joy-Con, which now snap into place with a lovely magnetic thunk, and which are now removed with a bumpy trigger thing that still feels a little nerve-wracking each time I do it.' The redesigned controllers show the potential for better reliability, according to The New York Times. 'The original Switch's analog sticks were notorious for failing or 'drifting.' However, Nintendo claims to have 'redesigned' the Switch 2's sticks,' the publication wrote. 'We'll have to test them long-term to determine their reliability.' (It also noted: 'You can't attach your original Joy-Con controllers to the Switch 2, but they remain compatible for multiplayer titles, so you won't need to rush out and buy more for your game nights.') At Tom's Guide, a reviewer praised the controllers, display, performance, and games, while grousing about download speeds and one of the high-profile new games. TechRadar's reviewer mostly liked that game—Mario Kart World, calling it 'One of the prettiest Nintendo games ever,' and saying the soundtrack was 'unbelievably good,' but with some quibbles. Tech Advisor boiled it down this way: 'You will not regret either buying a Nintendo Switch 2 outright or upgrading from an original Switch. This is a true next-gen Console with only minor faults, and will likely be a bestseller for years to come.' And 'as long as software keeps pushing those internals and extra features, we're in for an excellent generation,' wrote GamesRadar. Still, some reviewers seemed to have hoped for more. 'Instead of bringing the forefront of what can be done to your living room and on the go, this feels like Nintendo playing a long-overdue game of catch-up,' IGN wrote. 'But in the context of gaming as a whole and with a big ol' '2' slapped on the box rather than the framing of a mid-cycle upgrade, as well as the substantial price increase that has come along with that added digit, it's just not doing very much that truly wows me.' And Rolling Stone, observing that the device was named like a sequel rather than given its own original moniker, wondered whether it offered too little in the way of innovation or just the right amount. 'The messaging is clear: It's more of that thing you already like, rather than something entirely new,' it wrote. 'Yet still, there's a world where that might be enough.' Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Samsung Confirms New Account Purge — 3 Ways To Save Yours From Deletion
Samsung Confirms New Account Purge — 3 Ways To Save Yours From Deletion

Forbes

timean hour ago

  • Forbes

Samsung Confirms New Account Purge — 3 Ways To Save Yours From Deletion

Samsung confirms new inactive account deletion policy. Although many, I'm inclined to say most, of the emails I receive claiming to be from a major vendor are quite patently not, with phishing cyber attackers actually being responsible, the one that dropped in my inbox on June 20 from Samsung was 100% genuine. I mean, it had all the hallmarks of a scam: the urgency of the headline, the call to action and a link for further information. But, no, this really was an official warning that my Samsung account would be deleted unless I followed the instructions. The good news is that, while Samsung's changes to account policy take effect on July 31, 2025, no accounts will be deleted until July 31, 2027. Here's what you need to know, and do to stop yours from going down the data deletion drainpipe. Samsung Confirms Inactive Account Deletion Policy This is not my first account deletion warning rodeo, and I'm going to hazard a guess it's not yours either. Google has been emailing users since 2023, after it made changes to the inactive Google account policy that meant said accounts would be deleted if they remained unused for a period of 24 months. Now, and not before time, you might think, Samsung is playing catch-up and has also started emailing Samsung Account holders with a very similar new policy. The June 20 email from Samsung, with a subject line of 'Important changes to your Samsung account,' informed me of critical changes that are coming and could impact my account. 'Samsung is implementing an inactive Samsung account policy to protect the data of users who have not used their account for an extended period of time,' the email explained. What this means, very much like the Google account policy changes, is that if you haven't used your Samsung account for a period of 24 months, then it will meet the criteria for deletion. And what that means is access to your account will be restricted, all data linked to the account will be deleted, and neither will be able to be restored. The bottom line: use it or lose. The Samsung Account Deletion Timeline — 3 Ways To Keep Yours The good news is that this isn't a pressing issue, despite the apparent urgency engendered by the email. Samsung has confirmed that the earliest date that any accounts will be deleted is July 31, 2027. Yes, you read that right, two years. Funny that, as it will be two years from the date the policy becomes official. Samsung confirms new policy will start deleting inactive accounts from July 31, 2027. The even better news is that it's really easy to ensure your Samsung account does end up in the delete pile: just use it. But what does this mean, in reality? Samsung has confirmed that account usage is defined in the following three ways: 'To prevent your account from being deleted,' Samsung said, 'and to ensure proper use of Samsung Services, your account must have at least one usage/activity every twenty-four months.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store