<ul><li><strong>Indian veteran cricketer <keyword id="1518" type="General" weightage="100" keywordseo="irfan-pathan" source="Orion">Irfan Pathan</keyword> launched the logos of web3 venture ReelStar.<br /></strong></li><li><strong>The web 3 startup has also raised $5 million from <keyword id="15542288" type="General" weightage="80" keywordseo="initial-token-offering" source="Orion">Initial Token Offering</keyword> (ITO) of its utility token, <keyword id="15576763" type="General" weightage="80" keywordseo="reelt" source="Orion">REELT</keyword>.<br /></strong></li><li><strong>ReelStar’s board of advisors include crypto experts like <keyword id="1949652" type="General" weightage="80" keywordseo="evan-luthra" source="Orion">Evan Luthra</keyword>, <keyword id="255755" type="General" weightage="80" keywordseo="naveen-kapoor" source="Orion">Naveen Kapoor</keyword> and Indian-American serial entrepreneur <keyword id="15576762" type="General" weightage="80" keywordseo="nikita-sachdev" source="Orion">Nikita Sachdev</keyword>.</strong> </li></ul>Indian cricketer Irfan Pathan launched the logos for an Indian Web3 integrated social media platform, ReelStar at an event in Melbourne, on Monday. <br /><br />Founded by <keyword id="5668556" type="General" weightage="80" keywordseo="navdeep-sharma" source="Orion">Navdeep Sharma</keyword> and Nick Bahl, ReelStar integrates multiple social media, web3 and payment functionalities and provides creators with in-app tools and global access. <br /><br />The platform’s token REELT is based on a multi-blockchain platform and the architecture uses the Polygon (MATIC) and Binance Smart Chain (BSC). If required, it can be extended to other blockchain networks, the startup said in a press release. <br /><br />“ReelStar aims to energise and reinvigorate the global media and entertainment industry. Our app will provide a global platform for creators thereby enabling a positive network of communities that inspire connection, collaboration and inclusion. Our UVP lies in our seamlessness and our easy-to-use platform that is accessible to almost everyone to create, collect, trade, and monetise an exciting array of NFTs and user generated content,” Navdeep Sharma, co-founder of ReelStar. <br /><br />ReelStar also said that it raised over $5 million from the Initial Token Offering (ITO) of its utility token ReelToken (REELT). Initial Token Offering raises funds through cryptocurrencies. <br /><br />The web3 startup aims to raise an additional $31.27 million via staged releases to the public, according to the company. <br /><br />ReelStar will be the main sponsor of the Indian Sneaker Festival happening in December 2022. ReelStar’s board of advisors include global crypto experts like Evan Luthra, Naveen Kapoor and Indian-American serial entrepreneur Nikita Sachdev, among others. <br /><br />SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/fifa-world-cup-a-country-with-2-9-million-people-spent-220-billion-for-a-29-day-event/slidelist/95660402.cms">FIFA World Cup – A country with 2.9 million people spent $220 billion for a 29 day event</a><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/metal-stocks-have-a-mixed-day-after-export-duty-withdrawal-jindal-stainless-apollo-tubes-sail-stocks-rise-tata-steel-jsw-steel-drag/articleshow/95660285.cms">Metal stocks have a mixed day after export duty withdrawal – Jindal Stainless, Apollo Tubes, SAIL stocks rise; Tata Steel, JSW Steel drag</a><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/essar-raises-2-05-bn-from-sale-of-ports-power-assets-clears-25-bn-debt-of-indian-banks/articleshow/95660290.cms">Essar raises $2.05 bn from sale of ports, power assets; clears $25 bn debt of Indian banks</a>

Indian cricketer Irfan Pathan launches logos of web3 startup ReelStar

<ul class="summary-list"><li>Yuga Labs said it's investigating reports of eye problems by people who attended a recent NFT event.</li><li>The Bored Ape Yacht Club creator told Bloomberg it was taking the complaints seriously.</li></ul><p>Bored Ape creator Yuga Labs said it was aware that some visitors to its ApeFest NFT event last week have reported suffering from painful and burning  eye problems. </p><p><a target="_blank" href="https://www.bloomberg.com/news/articles/2023-11-06/bored-ape-bayc-nft-event-visitors-in-hong-kong-report-eye-problems"><u>Bloomberg</u></a> reported the news. It said the NFT and Web3 company told it that it was "actively reaching out to those affected to better understand the root cause." The event took place in Hong Kong.</p><p>Some ApeFest attendees said in posts on X that they had "severe burning" and "extreme pain" in their eyes. At least three said they had to go to the hospital after the event.</p><p>One said in a <a target="_blank" href="https://x.com/crypto_birb/status/1721377042392814059?s=20"><u>post</u></a> on X that he was diagnosed with photokeratitis, a condition caused by unprotected exposure to UV radiation, and was given steroid eye drops after a hospital visit. <br /><br />Another X user who said they went to the hospital <a target="_blank" href="https://x.com/Feld4014/status/1721074476870508608?s=20"><u>said</u></a> a doctor told him the pain in his eyes was "due to the UV from stage lights." </p><p>A <a target="_blank" href="https://x.com/Fityeth/status/1721455392151187513?s=20"><u>video shared on X</u></a> from the ApeFest event showed bright pink lights fitted around the stage and aimed towards the crowd. </p><p>A third person <a target="_blank" href="https://x.com/Feld4014/status/1721074476870508608?s=20"><u>said</u></a> they went to the emergency room after waking up at "3am with extreme pain." Several others <a target="_blank" href="https://x.com/creamcurtis/status/1721078031614427428?s=20"><u>responded</u></a> to their posts and <a target="_blank" href="https://x.com/bored_nene/status/1721076536311201982?s=20"><u>claimed</u></a> to have experienced similar issues. </p><p>"Yes I had same, and also<a target="_blank" href="https://twitter.com/iamasifkamal"><u> @iamasifkamal</u></a> Morning was insane - couldnt open my eyes without feeling like they were on fire," NFT expert <a target="_blank" href="https://www.businessinsider.com/this-business-card-is-the-stretched-hummer-of-business-cards-and-i-got-it-at-davos-2015-1">Evan Luthra</a> said in a <a target="_blank" href="https://x.com/EvanLuthra/status/1721207113400127668?s=20"><u>post </u></a>on X. "I got better by basically washing them every hours since 6am, my friend went to the hospital around 4pm today when he couldnt take it anymore. On medication for a week," he added. </p><p>Yuga Labs didn't immediately respond to Insider's request for comment, made outside of normal working hours. </p><p>A similar incident was reported to have occurred in 2017, per <a target="_blank" href="https://hongkongfp.com/2017/10/26/partygoers-left-burns-light-sensitivity-hypebeast-event-landmark/"><u>Hong Kong Free Press</u></a>, which said attendees were apparently exposed to UV light at a pop-up event collaboration between streetwear site Hypebeast and Japanese artist Hajime Sorayama.</p><p>Hypebeast told the publication at the time that the case was "under investigation" and that "an initial review suggests that the light contractor might have installed a type of non-approved lighting in a part of the area in the venue without our knowledge."</p><p><br /></p>

Bored Ape creator investigates claims that guests at its NFT event suffered agonizing eye problems because of UV lights on the stage

<ul class="summary-list"><li>SBF's arrest isn't reassuring users who are worried about getting their money out of the failed exchange. </li><li>"It really wouldn't change my life or anyone's life if he goes to jail," one user said. </li></ul><p>FTX users say that the arrest of the exchange's fallen founder this week provides little sense of justice or surety that anyone' finances will be made whole even if he goes to jail for defrauding investors.</p><p>Tadeh Tarverdian, a customer of FTX who had $10,000 in his account when the exchange collapsed last month, said news of the Sam Bankman-Fried's arrest made him more anxious about getting his money back. He worries the arrest could delay the process of returning customer funds. The money represents around a decade's worth of savings, and would have helped him fund his attendance to medical school.</p><p>"It really wouldn't change my life or anyone's life if he goes to jail or prison. Maybe some people do get a sense of closure, but they're still going to lose their funds," Tarverdian said.</p><p>Evan Luthra, an entrepreneur who says he lost $2 million when the exchange collapsed, also doesn't find comfort in Bankman-Fried's arrest. He's already written off his investment, and says he's not convinced Bankman-Fried will be convicted, or receive the proper punishment. </p><p>"I would only be convinced when I see a see a photo of him behind bars, and I know he gets a strong sentence that sticks," Luthra said.</p><p>FTX's downfall roiled crypto markets and shed light on numerous accounting scandals within the firm, once among the largest and most respected players in the space. The exchange had <a href="https://markets.businessinsider.com/news/currencies/ftx-bankruptcy-alameda-research-no-accounting-department-sam-bankman-fried-2022-11">no in-house accounting department</a>, <a href="https://markets.businessinsider.com/news/currencies/ftx-crash-client-funds-alameda-binance-sbf-sec-cftc-probe-2022-11">commingled customer funds</a> with sister trading firm Alameda Research, and reportedly spent <a href="https://markets.businessinsider.com/news/currencies/ftx-bankruptcy-purchase-sam-bankman-fried-bahamas-properties-luxury-homes-2022-11">$100 million on luxury vacation homes</a> for its employees.</p><p>Bankman-Fried, previously seen as the benevolent face of the industry, embarked on a month-long public apology tour before his arrest, providing rambling, contradictory, and possibly self-incriminating answers to <a href="https://www.businessinsider.com/sam-bankman-fried-avoids-mentioning-caroline-ellison-name-nyt-interview-2022-12">deny allegations of defrauding investors</a>. None of that was sufficient to convince some FTX customers or soothe fears that they may not be made whole, as experts warn that <a href="https://www.businessinsider.com/how-ftx-investors-users-get-their-money-back-bankruptcy-2022-11">recoveries may amount to just pennies on the dollar</a>.</p><p>Tarverdian said he wanted to see Bankman-Fried take accountability for the collapse, while Luthra said Bankman-Fried's public apologies made him angry.</p><p>"It really pisses me off that he can go around getting ... respect from the New York Times to be put on stage," he said, referring to Bankman-Fried's interview at the New York Times DealBook conference a few weeks after the exchange filed for bankruptcy. "He painted the story. He knew from the beginning what he was doing and he really got us. I am very pissed off and it makes me feel very, very deceived."</p><p> According to E. Jay Abt, a criminal defense lawyer based in Georgia, it's likely that Bankman-Fried will be convicted. He speculated the former crypto executive would be found guilty due to the "obvious" mismanagement of FTX, as well Bankman-Fried's media interviews. Statement like, "Fuck regulators," which Bankman-Fried told a Vox reporter last month, won't help his case. </p><p>"His own statements in the media and the press are incredibly incriminating. He admitted to gross mismanagement. He admitted to criminal fraud in several interviews. So I think he's almost certainly going to face criminal penalties," Abt said, adding that Bankman-Fried's lawyers may even advise him to take a plea deal instead of going to trial.</p><p>It's unclear why Bankman-Fried was inclined to talk to the press, or why he agreed to <a href="https://www.businessinsider.com/sam-bankman-fried-said-hes-testify-from-home-before-arrest-2022-12">testify remotely at a congressional hearing</a> on FTX this week, as there was little he could have said at that point to help his case, Abt said.</p><p>Paul Delfabbro, a psychology professor who studies behavioral addictions, speculated it may have been due disgraced crypto mogul putting on a facade of ignorance.</p><p>According to Paul Delfabbro, a psychology professor who studies behavioral addiction, Bankman-Fried may have simply thought he could keep playing the game. </p><p>"I think he believes he can play the media and the world the way he plays the markets. Get the view out there that was just incompetent. Just speculation, but I think this is the game he is playing." </p>

FTX users say they take little comfort in Sam Bankman-Fried's arrest - and still don't have much hope they'll get their money back

<p>Check out all the business cards I picked up last week at the World Economic Forum in Davos.<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/54ca56f1ecad04bc1febedfb-3264-2448/2015-01-29 10.12.22.jpg" border="0" alt="2015 01 29 10.12.22"><p class="source"><span>Nicholas Carlson/Business Insider</span></p></img></div><p></p></div></div></p>
<p>One was the very best. It was from a man named Evan Luthra. It's the thick gold one on the left.</p>
<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/54ca56f16bb3f72b2442ee49-3264-2448/2015-01-29 10.12.48.jpg" border="0" alt="2015 01 29 10.12.48"><p class="source"><span>Nicholas Carlson/Business Insider</span></p></img></div><p></p></div></div></p>
<p>Truly, Luthra's card was the stretch Hummer of business cards. Note how it describes Luthra not with some lame job title like "Director/SVP" or "CEO" but as an "innovator."</p>
<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/54ca56f16bb3f70f2142ee4a-3264-2448/2015-01-29 10.08.38.jpg" border="0" alt="Ultimate Business Card"><p class="source"><span>Nicholas Carlson/Business Insider</span></p></img></div><p></p></div></div></p>
<p>On the back, it describes his firm, the EL Group, as an "award-winning firm." His phone number is his name!</p>
<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/54ca56f1eab8eaf967b2c8a5-3264-2448/2015-01-29 10.08.47.jpg" border="0" alt="Ultimate Business Card"><p class="source"><span>Nicholas Carlson/Business Insider</span></p></img></div><p></p></div></div></p>
<p>But all that is just the chrome on this puppy. Here's it's real special feature:</p>
<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/54ca56f1eab8eafc67b2c8a4-3264-2448/2015-01-29 10.09.07.jpg" border="0" alt="2015 01 29 10.09.07"><p class="source"><span>Nicholas Carlson/Business Insider</span></p></img></div><p></p></div></div></p>
<p>That's right. It's a USB drive.</p>
<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/54ca56f16da811f86701e846-3264-2448/2015-01-29 10.09.55.jpg" border="0" alt="2015 01 29 10.09.55"><p class="source"><span>Nicholas Carlson/Business Insider</span></p></img></div><p></p></div></div> </p>

You Searched For "evan luthra" and got 4 results

Indian cricketer Irfan Pathan launches logos of web3 startup ReelStar

Eetika Kapoor

Bored Ape creator investigates claims that guests at its NFT event suffered agonizing eye problems because of UV lights on the stage

Jyoti Mann

FTX users say they take little comfort in Sam Bankman-Fried's arrest - and still don't have much hope they'll get their money back

Jennifer Sor

This Business Card Is The Stretched Hummer Of Business Cards, And I Got It At Davos

Nicholas Carlson