Timex partners with Bored Ape Yacht Club to launch collection of 30,000 watches and NFTs

Timex is going bananas over its partnership with select community members involved in one of the world’s biggest NFT projects, the Bored Ape Yacht Club. Timex, the watch of the metaverse, enters Web3, with a first-ever collection of ultra-rare one-of-one timepieces and corresponding digital twin NFTs, exclusively available to members of the Bored Ape and Mutant Ape community.

Developed in partnership with long-term ape holders, each stunning, custom created digital collectible and hand assembled watch is based on the iconic Timex Waterbury Classic design to showcase the Ape or Mutant on full display. With 30,000 possible Apes and over 17 customisable attributes, each watch is unique and personalised with the holder’s Ape and selected customisations such as case, strap, and etching selections. Five hundred watches and digital twin NFTs will be available exclusively to holders of Bored Apes and Mutant Ape NFTs. Creative direction, design and Web3 utility for the Timex Goes Ape project was consulted by Josh Ong, CryptoVonDoom, The Miami Ape, LOGIK, BaronVonHustle and Zeneca, long-time Bored Ape holders who have been in the club since the beginning, when Yuga Labs first launched the collection.

All-Electric Kia EV6 recognised as 2023 North American utility vehicle of the year

The all-electric Kia EV6 was named North American Utility Vehicle of the Year by the North American Car of the Year jury. This is the second occasion in three years that the NACTOY jury has named a Kia vehicle as its top choice in the category, and the first win for a Kia electric vehicle.

The EV6 was selected by 50 automotive experts from print, online, radio, and broadcast media. As part of the evaluation process, NACTOY jurors tested vehicles ranging from sports cars to pickup trucks, and assessed criteria including automotive innovation, design, safety features, performance, technology, driver satisfaction, user experience, and value.

The EV6 delivers exceptional performance, ultra-fast DC charging compatibility, available onboard power, and a flat-floor interior that utilises innovative materials throughout the cabin.

Crypto exchange Bitget launches dedicated wallets for protection of customer funds

Crypto exchange Bitget has launched a Fund Custody service for professional investors and institutions to increase digital asset security globally. The service provides dedicated wallets to eligible accounts to maximise protection of customers’ funds on the platform. Financial institutions and professional traders qualified for the service are assigned with a separate custodial wallet, with its own dedicated address to check and withdraw funds separated from the main reserve. Storing the asset in a separate wallet prevents users’ funds from being affected in case of emergencies of loss, theft and other cybersecurity threats.

The wallet assets will be rounded on a daily basis to make sure the user still meets the required conditions.

Recently, Bitget updated its Merkle tree snapshot which shows that the latest reserve ratio of Bitcoin is held at 650%, USDT at 185% and ETH reserves are held at 237%. The exchange is committed to be fully reserved holding customers’ assets on the platform at least on a 1:1 reserves ratio.

In 2022, Bitget launched multiple security layers to its ecosystem including a $300M Protection Fund, $5M for FTX users and Proof-of-reserve transparent tracking for its user asset reserves.