Press Release
Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale
Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project’s Twitter, where the team labeled the presale investors as ‘morons’.
“You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!” reads the tweet from Eddie Seal profile.
This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals.
The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos.
It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon.
The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at eddieseal.org or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc
ABC Conclave Dubai 2024, the world’s largest Web3 conclave, has successfully wrapped up as it brought together innovators, thought leaders, and enthusiasts from AI, Web3, and gaming. The event, held on October 11-12, 2024, at the luxurious SO/ Uptown Dubai, attracted over 3,500+ attendees, including 100+ top industry speakers, 1,000+ blockchain developers, and 500+ Web3 founders, to explore blockchain, AI, Web3, and gaming.
Under the theme “Future Fusion: Uniting AI, Web3, And Gaming,” this year’s event showcased groundbreaking insights, collaborative discussions, and the latest advancements that promise to redefine the digital landscape. Supported by the Private Office of His Highness Sheikh Hamdan bin Ahmed Al Maktoum and the Private Office of His Highness Sheikh Ahmed Bin Faisal Al-Qasimi, this conclave highlighted the importance of cross-industry partnerships and innovation.
This year’s conclave has set a new standard for industry collaboration and innovation with Tenset as the title sponsor, attendees experienced a rich agenda featuring 25+ insightful seminars, inspiring keynote speeches, A prestigious Awards Night celebrating the visionaries and pioneers who have made outstanding contributions to the industry and immersive workshops, panel discussions, hackathon, workshops led by industry experts who delved into the potential of decentralized technologies, artificial intelligence, and immersive gaming experiences.
The conclave also sheds light on integrating Web3 technologies into gaming, illustrating how decentralized gaming platforms are set to revolutionize user engagement and ownership. Discussions emphasized the role of AI in enhancing user experiences. The event also featured live demonstrations of innovative gaming applications powered by AI and blockchain, allowing participants to experience these technologies’ potential firsthand. Networking opportunities were abundant, with many attendees forging valuable connections that could lead to future collaborations in the ever-evolving tech landscape.
Dunston Pereira, Chief Executive Officer,Private Office of His Royal Highness Sheikh Ahmed bin Faisal Al Qassimi; “Shaping the future of blockchain and digital assets in Dubai is a collective effort that requires collaboration, innovation, and commitment. The journey we embark on today is not just about technology; it is about building a better future for our people. As we move forward, let us embrace the possibilities that lie ahead and work together to create a thriving digital economy. The UAE is poised to leverage these technologies to elevate public services, empower entrepreneurs, and accelerate our transformation into a global digital hub”.
Mat Milbury, CEO, Tenset; on his keynote. “I’ve watched projects fall apart because they didn’t know the landscape and I’ve seen projects succeed beyond expectations because they know exactly which trivial mistakes to avoid’’
Yat Siu, Co-Founder and Chairman, Animoca Brands; “The world is currently divided into the top 1% and the bottom tier, with 90% or more people at the bottom. This divide is reshaping politics and leading to discussions about socialism. However, the physical world, particularly in the token world, is experiencing growth, with projects like bitcoin, Ethereum, and altcoins experiencing significant growth. This trend is evident in the industry of web3 and other digital currencies, which have been around for years.”.
Steve Good, CEO, Dreams Quest; “DreamsQuest has been creating content that combines dreams and reality to help people see the world differently. The founder believes that all humans have a purpose and mission, and two fundamental truths are true for all: our spirit yearns for freedom, and our souls desire a deeper connection. DreamsQuest aims to fulfill these two fundamental truths by helping people reach the same objective, focusing on the spirit’s yearning for true freedom and the soul’s hunger for a deeper connection”.
The event also focused on other key topics such as:
- How Tokenization Can Reshape Capitalism and Bring New Opportunities
- Gaming Initiative 2033: The Future of Gaming in the UAE
- AI x DeFi and the Future of Crypto Trading
- Next-Generation Wallets: Paving the Way for Mass Crypto Adoption in Dubai
- Meme Economy: Leveraging Internet Culture to Fuel Dubai’s Digital Market
- CBDCs and Digital Currencies: Dubai’s Role in Shaping the Future of Money and many more.
ABC Conclave Dubai edition featured an exceptional lineup of speakers who delivered groundbreaking insights during the event on 11 -12, Oct ‘24:
- Dunston Pereira, Chief Executive Officer, Private Office of His Royal Highness Sheikh Ahmed bin Faisal Al Qassimi
- Mohammed Yaseen, Founder, Esports & Gaming Association
- Yat Siu, Co-Founder and Chairman, Animoca Brands
- Alexandre F., Chief Partnership Officer, SwissBorg
- Matthias Sheikh Mende, Visionary Founder, Bonuz / Dubai Blockchain Center
- Naeem Aslam, CIO at Zaye Capital Markets | Columnist At NASDAQ, CNN
- Serena Sebastiani, Senior Director – Financial Services Advisory, PwC Middle East
- Arslan Kiran, Head of Growth, The Sandbox – Turkey/Germany/MENA
- Amnah Ajmal, Group Executive-Merchants & Commerce, Digital Partnerships & Fintechs, Public Sector, Strategy, M&A, Mastercard
- Saed Ereiqat, Co-Founder, ICP HUB GCC
- Alex Chehade, e2x Ventures, Ex – Binance MENA, Founder, General Manager
- Ajeet Khurana, Founder, Reflexical
- Marcello Mari, Founder and CEO, Singularity DAO
- Geoff Mcalister, Co-Founder, Crypto Risk Office
- Ravikant Agrawal, Polygon Labs, Director of Growth
- Arpit Sharma, COO, PWR Labs
- Kevin Raham Soltani, Founder & CEO, GIMA Group, Inc
- Stefano Virgilli, Technology and Communication
- Saloi Benbaha, Head of XDC Network Enterprise Alliance & Ventures, XinFin Powering XDC Network
- Amalia Grochal, Founder and CEO, MIRAI DAO
- Anton Golub, Founder, SwissAssetDA
- Cal Evans, Managing Associate, Gresham International
- Brent Fulfer, Principal, Blockchain Founders Fund and more.
ABC Awards – Dubai ’24 winners include:
| 1 | Mastercard | Best Enterprise Adoption of Web3 |
| 2 | PwC Middle East | Excellence in Blockchain Advisory Services |
| 3 | Private Office Of His Highness Sheikh Hamdan Bin Mohammed Al Maktoum | Futuristic Technology Advocate Award |
| 4 | Private office of His Royal Highness Sheikh Ahmed bin Faisal Al Qassimi | Innovative Contribution to Digital Transformation |
| 5 | XDC Network | Leader in Hybrid Blockchain Solutions |
| 6 | CNN Business Arabia | Best Fintech Media |
| 7 | Bitget | Best Crypto Exchange |
| 8 | Al Shamshi | Best Legal Advisor for Business Structuring & Corporate Litigation in Web3 |
| 9 | DVerse | Best Marketing Agency |
| 10 | EGA | Best Gaming/Esports Company |
| 11 | EcoBlox | Excellence in AI and Blockchain |
| 12 | Wisdomwise | Best AI Trading Platform |
| 13 | Dubai Future District Fund | Ecosystem Leadership Award |
| 14 | Hacken | Blockchain Security Auditor of the Year |
| 15 | Finance Middle East | Leading Magazine Partner for Financial Innovation and Web3 |
“We are thrilled with the success of this year’s ABC Conclave,” said Kirubakaran Reddy, Founder of ABC Conclave & AlphaBlockz. “The energy, innovation, and collaboration we witnessed reaffirm that Web3, AI, and gaming are not just shaping the future—they are the future. This conclave is more than an event; it’s a movement driving real-world impact, fostering groundbreaking ideas, and uniting visionaries who are building the next digital frontier.”
The Dubai edition of the ABC Conclave ‘24 was supported and sponsored by:
Supported by:
Title Sponsor: Tenset
Powered by: Gora
Legendary Sponsors:
Epic Sponsors:
Rare Sponsors:
Official Media Partner:
Official PR Partner:
Exclusive Talkshow Partner
Innovation Partner:
Association Partner:
About ABC Conclave
ABC Conclave 2024, hosted by AlphablockZ, aims to reach a global audience within the crypto community through dynamic social interactions. It promises an exceptional lineup of esteemed Speakers, cutting-edge Projects, and esteemed Partners.
The event, hosted in Dubai and Bangkok, brings together visionaries, industry leaders, and entrepreneurs to discuss blockchain, cryptocurrency, and fintech. The Conclave serves as a catalyst for change, fostering knowledge exchange, debate, and shaping the future of cryptocurrencies. The primary goal is to ignite conversations about the potential of cryptocurrencies and accelerate their adoption worldwide. The event will be promoted through various platforms and influencer collaborations.
For more information, visit: https://www.abcconclave.com
For further details about the announcement, please contact:
Jagriti Jaiswal
CGO | Head of Partnerships
ABC Conclave
info@abcconclave.com
As a global pioneer in the payments industry, KUN is proud to participate as a sponsor at Hong Kong Web3 Festival 2025, joining Web3 users, industry leaders, and technology experts from around the world to discuss the future of blockchain technology and digital payments. As a sponsor for the second consecutive year, we look forward to sharing KUN’s practical experience and innovative achievements in Web2+Web3 cross-border payment solutions. We are also eager to engage with partners from various sectors to explore new opportunities that empower the global economy.
KUN (KUN.global) is an innovative digital payment technology company based in Hong Kong and Singapore, built on Web2+Web3 payment licenses and compliance systems. Its business spans emerging markets in Asia, Africa, and Latin America. The company primarily provides secure, convenient, and efficient one-stop digital payment solutions for enterprises and individual clients in cross-border trade, overseas services, and the Web3 industry. KUN is dedicated to building the next-generation global digital payment network for the future.
KUN has developed three core product lines:
- KUN.crypto: The Stablecoin Payment and Management Platform
- PayX: The One-Stop Payment Service Provider for Emerging Markets
- K-Card: Your Reliable Card Solutions Partner
KUN depends on technological innovation and compliance, empowering businesses to tackle the challenges of cross-border payments and digital asset management while driving the healthy development of the industry.
We look forward to seeing you at Hong Kong Web3 Festival 2025 and embarking together on an exciting journey toward the future of Web3!
Hong Kong Web3 Festival 2025: https://www.web3festival.org/hongkong2025/?lang=zh#/en
MAGAVERSE, the trailblazing memecoin project, has made history with a stunning $1,000,000 donation to organizations endorsed by former President Donald Trump. The donation, aimed at supporting MAGA initiatives and advancing the cause of freedom, has positioned MAGAVERSE as a serious player in both the cryptocurrency world and the political landscape.
This bold move matches the $1,000,000 contributions from industry leaders like Mark Zuckerberg and Jeff Bezos, sending a powerful message of gratitude and dedication from the MAGAVERSE community.
The impact of this donation has been felt far and wide, as MAGAVERSE has garnered national attention and earned a special place in Washington D.C.’s prestigious events this week. Members of the MAGAVERSE team are attending inaugural galas and official balls as special guests, further solidifying their reputation as key players in the crypto and political spheres.
“They are the talk of the town,” a prominent DC insider commented. “Meme coins have traditionally been underestimated, but MAGAVERSE’s $1M donation has changed the narrative. People are now recognizing the influence and vision of this innovative group.”
A Bright Future for $MVRS
The official ticker for MAGAVERSE, $MVRS, is experiencing newfound momentum as MAGA influencers and crypto enthusiasts flock to join the project. With whispers of major announcements on the horizon, the MAGAVERSE core team has hinted at exciting developments that promise to reshape the community and expand its reach.
This milestone donation demonstrates the growing impact of the MAGAVERSE community and the project’s commitment to both political and financial innovation. As the nation watches, MAGAVERSE continues to prove that meme coins are more than a trend – they are a force to be reckoned with.
For more information about MAGAVERSE, visit https://mvrs.wtf/.
Follow their journey on social media at:
Twitter: https://x.com/mvrs
ABC Conclave Dubai 2024: Pioneering the Next Wave of AI, Web3, and Gaming
KUN confirmed as Primary Exhibition Sponsor of Hong Kong Web3 Festival
MAGAVERSE Shakes the Crypto World with $1M Donation to Trump-Endorsed Organizations
Paul CHAN Mo-po, Vitalik Buterin among the Top Speakers at Hong Kong Web3 Festival 2025
BlockOn and XDC Network Launch XDC Web3Preneur AccInvest, a Co-Accelerate Program Backed by Investment from XVC Tech’s $125 Million Fund
DMCC AND REIT DEVELOPMENT UNVEIL LANDMARK CRYPTO TOWER IN JLT
Cardalonia Aiming To Become The Biggest Metaverse Project On Cardano
P2P2C BREAKTHROUGH CREATES A CONNECTION BETWEEN ETM TOKEN AND THE SUPER PROFITABLE MARKET
WOM Protocol partners with CoinPayments, the world’s largest cryptocurrency payments processor
ETHERSMART DEVELOPER’S VISION MADE FINTECH COMPANY BECOME DUBAI’S TOP DIGITAL BANK
Project Quantum – Decentralised AAA Gaming
WOM Protocol Recommended by Premier Crypto Analyst as only full featured project for August
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Crypto3 years agoCardalonia Aiming To Become The Biggest Metaverse Project On Cardano
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Press Release4 years agoP2P2C BREAKTHROUGH CREATES A CONNECTION BETWEEN ETM TOKEN AND THE SUPER PROFITABLE MARKET
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Blockchain4 years agoWOM Protocol partners with CoinPayments, the world’s largest cryptocurrency payments processor
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Press Release4 years agoETHERSMART DEVELOPER’S VISION MADE FINTECH COMPANY BECOME DUBAI’S TOP DIGITAL BANK
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Press Release4 years agoProject Quantum – Decentralised AAA Gaming
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Blockchain4 years agoWOM Protocol Recommended by Premier Crypto Analyst as only full featured project for August
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Press Release4 years agoETHERSMART DEVELOPER’S VISION MADE FINTECH COMPANY BECOME DUBAI’S TOP DIGITAL BANK
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