Arcanum Ventures Partners With bloXmove

Arcanum Ventures is proud to announce our advisory partnership with bloXmove, the decentralized mobility platform that aims to dismantle and rebuild the way we think about transportation.

What Is bloXmove? 

bloXmove was founded as a B2B, blockchain mobility platform incubated by Mercedes-Benz AG (formerly Daimler AG), one of the largest automotive manufacturers globally. The team behind the startup is headed by Daimler veterans that founded and led the blockchain division within the company.

BloXmove’s goal is to bring greater connectivity and accessibility to transportation and mobility globally by allowing existing mobility applications to integrate with the bloXmove mobility blockchain platform. This provides mobility providers the possibility to offer the services of any provider that is plugged into the platform. In doing so, bloXmove hopes to create a platform that is, ultimately, decentrally governed while utilizing cryptocurrency for payment and distribution mechanisms. Their vision is to create equitable opportunities for service providers and transparency for platform users.

Where is bloXmove Active?

bloXmove recognized a gap in several markets globally that they chose to address with a decentralized mobility-provider platform. Originally, bloXmove targeted European markets, but due to regulation and reliance on the onboarding of public transport providers, their focus shifted to emerging markets. They will be launching their decentralized ride-sharing service in Nigeria in Q2 of 2023 to compete with industry titans while offering far higher commissions to transportation providers and lower fees for customers. Passengers pay less, drivers get more.

The application will launch with the support of the core team in Europe and an operations team in Nigeria to immediately begin supporting drivers, passengers, and companies in the country. BloXmove.NG serves as the pilot program to launch in a number of other high-potential markets in the following years, including South-East Asia and South America. In parallel with the bloXmove platform launches globally, the team is focused on the expansion of their NFTicket protocol that not only powers the bloXmove platform but introduces massive new business potential across several other industries.

What is the NFTicket Protocol?

NFTicket is a decentralized NFT Ticket protocol that was developed by the team to power the bloXmove platform as a business engine covering identity, ticketing, access control, and payments. The protocol allows easy creation, spending, and transactions of single-use or multi-use tickets powered by decentralized ledger technology.

The protocol was originally developed to be used in ticketing and access control for mobility as well as minting and transferring Energy Attribute Certificates and carbon credits.

The team quickly realized an NFT-based protocol that can manage access control, credential verification, and certification of ownership, as well as act as a “debit card” to hold fungible, ERC20 tokens (i.e. cash-equivalents) can have many applications going far beyond bloXmove’s core markets of Power & Mobility.

At present bloXmove is deploying NFTicket as part of launching its “Decentralized UBER” web3 ride-hailing apps in Nigeria. Future plans include providing Energy Attribute Certificates (EACs) to decarbonize events through the partnership with NRVerse. This development will also enable the packaging of mandatory carbon credits for downstream trading on ReFi exchanges, such as SENKEN, in a partnership with one of Germany’s market leaders for Greenhouse Gas Quota (THG-Quoten).

BloXmove is aiming high with the protocol, looking to disrupt antiquated airline miles programs, coffee-chain loyalty points programs, and even event ticketing systems. Ultimately, the team plans to transition control of the NFTicket protocol, along with its platform revenue, into the hands of early investors who purchase the governance tokens.

How is Arcanum Ventures Helping?

Arcanum Ventures is a long-time web3 advisor of the bloXmove team, initially collaborating prior to the $BLXM utility token launch. As one of our favorite clients, Arcanum Ventures regularly provides advisory support in the following areas:

Product and Market Research

Arcanum plans and executes various research projects to help the bloXmove team better understand product-market fit. We provide information that helps to better inform go-to-market strategies.

Marketing and Community Support

Marketing strategy and consultation have aided bloXmove in structuring its narrative to help its community understand the value behind what they are developing. Arcanum has launched several community growth campaigns that were focused on crowdsourcing quality content creation to help educate social communities on the impact the company will have.

Business Intelligence and Data Analysis

The early days of the collaboration were focused on helping bloXmove create and expand its Business intelligence division. Arcanum helped provide insight into analyzing on-chain transaction data and implied holder behavior patterns that aligned with marketing and content strategies. 

Be sure to follow the latest news and product updates on bloXmove’s channels. And be sure to reach out to Arcanum Ventures if you need support with your blockchain startup.

About bloXmove

bloXmove is a Web3 solution provider working to create a worldwide decentralized and collaborative mobility alliance alongside an efficient green energy reality. By using blockchain components like the latest developed NFTicket protocol, bloXmove bridges innovative technology with industry solutions to increase security, automation, and efficiency in cross-company transactions as well as contracts. 

Incubated with Mercedes, accelerated by 3 co-founders in the Outlier Ventures bootcamp 2021, and supported by a diverse team from around the world, bloXmove continues to develop identification and settlement solutions as well as new protocol standards to improve the currently siloed operating systems of the sectors: Power and Mobility.

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