Upcoming Binance Listings for Consideration In 2023

upcoming binance listings for consideration in 2023

Binance, the largest cryptocurrency exchange globally, enables investors to discover new and exciting blockchain startups. In this article, we explore some of the potentially best upcoming Binance listings to invest in 2023.

The Top Potential New Binance Listings to Invest in Right Now

Here are the top cryptocurrencies that could be among the next Binance listings in 2023:

AiDoge - New AI-Based Meme-Generation Platform Currently in Presale, $5m Raised so Far. AiDoge is a brand new crypto project that combines two of the hottest trends in the market - memes and artificial intelligence. It allows users to create unique and engaging memes with AI-powered tools. Users provide text prompts, and the tool will generate memes within seconds.

$SPONGE - Red Hot New Meme Coin Outperfoming Pepe Since Launch. $SPONGE is a brand new meme coin that can claim to be the hottest token in the whole crypto world since it launched in early May.

yPredict - AI and Machine Learning Ecosystem Built for Traders and Data Scientists. yPredict seeks to unlock the power of AI for trading analysis and this new platform is designed to analyze market data, and generate predictions for cryptocurrencies. This way, yPredict allows users to make informed decisions on their crypto trading positions.

Ecoterra - Innovative Recycle-to-Earn App With Attractive Rewards. Ecoterra is a newly launched presale project focusing on sustainability that encourages users to take eco-friendly steps by rewarding them with cryptocurrencies. To facilitate this, the project has developed a new digital token, ECOTERRA.

Deelance - Blockchain-Based Ecosystem for the Gig Economy. There is increasing demand for freelancing jobs globally and Deelance is building a revolutionary platform to capitalize on this sector. The platform will make it easy for freelancers to connect with clients. Crucially, the platform will integrate Web3 elements, including NFTs and a metaverse.

Launchpad XYZ - One-Stop-Shop for Web3 Products and Investment Tools. Launchpad XYZ is another new crypto project that fosters innovation and collaboration in the Web3 space. The project is building a full-fledged portal for Web3 enthusiasts. It also offers easy access to Web3 services and products, such as NFTs, DeFi tokens, and metaverses.

Tamadoge - Play-to-Earn Gaming Arcade Featuring Doge-Inspired NFTs. Tamadoge was founded in mid-2022 and aims to dominate the play-to-earn gaming space. The project has built a blockchain-backed ecosystem focused on virtual pets. Players will have their own unique pet with varying traits, randomly generated as an NFT. This means that players own their virtual pets.

Sui - New PoS-Powered Layer 1 Blockchain Network. Sui is a new cryptocurrency released on Binance in 2023. The project has developed a layer 1 blockchain, and its much-anticipated mainnet launch has just taken place.

​​Keeping an eye on upcoming Binance listings can yield lucrative opportunities for investors. We have discussed a selection of innovative projects that could be the best new crypto on Binance this year. In this regard, we particularly like AiDoge. This new startup has built an AI-backed meme generation tool that functions on text prompts. Users need the project’s native token, $AI, to create memes. $AI tokens are currently being sold to early investors at a discount, with over $4.3 million already raised in just two weeks since it launched. Visit the AiDoge presale website to secure an attractive entry price today. $SPONGE is another high-potential meme coin that still has been one of the hottest coins on the market since launch but still has huge room to grow in the coming weeks.

DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. Investing in cryptocurrencies is highly risky the value of cryptocurrencies can be extremely volatile and may be subject to significant price fluctuations over short periods of time. There is no guarantee of a return on investment, and any potential investor should carefully consider the risks before investing. It is also important to remember that cryptocurrencies are not tangible assets. They are digital currencies, and there is no guarantee that they will retain their value over time. Due to their decentralized nature, they can be manipulated, and their value can be affected by changes in the global economy. We cannot accept any responsibility for any losses incurred due to investing in cryptocurrencies. We disclaim all liability for any losses or issues that may arise from any recommendation given by us.

Natura &Co posts constant currency sales growth and profitability

natura co posts constant currency sales growth and profitability

Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the first quarter of 2023, with sales growth in constant currency and an improvement in profit margins.

Natura &Co posted Q1 consolidated net revenue of R$ 8 billion, up 3.4% at constant currency (-2.8% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam and Aesop. Gross margin was 67.7%, up 370 bps vs Q1-22, and adjusted EBITDA margin was 10.5%, up 330 bps vs the same period last year, reflecting improving margins at Natura &Co Latam and Avon International and a 36% drop in Holding expenses. Net income was R$ (652.4) million, a sequential improvement vs the previous quarter and broadly in line with last year's R$ (643.2) million in the period. The Group ended the quarter with a solid cash position of R$ 4 billion.

Fabio Barbosa, Group CEO of Natura &Co, declared: "Natura &Co's performance in the first quarter is in line with our plan and with our previous communication, as Q1 numbers show a solid improvement both in gross and adjusted EBITDA margin, while the company continues to put in action important structural changes in its portfolio, focusing on simplifying its structure and improving its capital structure.

Excluding Aesop, Q1-23 showed a strong profitability improvement, mainly driven by gross margin expansion across all business units and continuous cost control, that were partially offset by sales deleverage at The Body Shop, Avon Latam and, to a lesser extent, Avon International. This quarter's gross margin expansion is driven by price increase carry-over and more favorable mix, more than offsetting the inflationary environment we continue to experience. As per the normal seasonality of the business, cash consumption in Q1 was high, as planned, and working capital management was impacted by build-up of inventories for Q2 and changes related to the continued integration of the Natura and Avon brands in Latam. From a revenue standpoint, the highlight remains the Natura brand, which continued its strong momentum from last year, with Natura Brazil sales growing 25%, led by volume and strong productivity growth.

Shortly after the close of the quarter, Natura & Co announced important milestones, which are transformational for the future of the group. First, the group announced it has entered into a binding agreement to sell Aesop to L'Oréal for an enterprise value of US$2.525 billion (subject to customary regulatory approvals). Furthermore, in April we had our first day of full integration of Natura and Avon in Peru as part of Wave 2, with sales forces completely integrated and sharing the same experience. Finally, The Body Shop announced it was entering its next chapter, with Ian Bickley taking over as interim chief executive after David Boynton stepped down.

Our triple bottom line agenda also showed important advances, with significant improvements in the share of renewable or natural ingredients and of biodegradable formulas. Natura &Co also released its third pay equity report, showing we maintained our target of equal representation, with 52.7% of women in leadership roles -Director and above- across the organization.

While 2023 continues to shape up as another challenging year, our strategic priorities are clear and, the first results give us confidence that we are on the right track. We believe that massively reducing the company's net debt, combined with stronger EBITDA margins resulting from the businesses' operational improvement, alongside our relentless focus on cash conversion, will pave the way for strong cash generation in the coming years, allowing us to make disciplined investments in our business priorities and unlocking value for our shareholders."

Performance by business unit:

Natura &Co Latam's net sales were up by 9% in constant currency ("CC) and up 2.4% in BRL. CC growth was driven by double-digit growth at the Natura brand, which grew by 25.1%, while the Avon brand was down 9.8% at CC. The Natura brand posted strong momentum, with growth of 24.9% in Brazil, supported by price increases and better mix, as well as 20.4% growth in consultant productivity in Q1. In Hispanic Latam, net revenue was up 25.5% at constant currency despite a challenging situation in several countries, driven by Argentina and Colombia. The Avon brand in Brazil was broadly stable vs the same period last year (-0.6%) in Q1. The Beauty segment continued to grow, with sales up +5.6%, while Fashion and Home (F&H) was down 18%, in line with our portfolio optimization strategy. In Hispanic markets, net revenue was down 14.8% at CC (-22% in BRL). Performance was good in Argentina, but impacted by a decrease in Mexico and Chile. The Beauty category was broadly stable in constant currency, while beauty productivity per representative is up more than 20% year-on-year. Adjusted EBITDA margin was up by a solid 400 basis points to 13%. Margin benefited from strong gross margin improvement and SG&A efficiencies by the Avon brand in Brazil, even as the Natura brand continued to invest in marketing and innovation.

Avon International's revenue was down 7.5% at CC (-12.8% in Reais.) This drop continues to reflect the situation in Ukraine; excluding that, CC sales were down 4%. The TMEA region showed year-on-year growth, while Western Europe posted a slightly better performance. Digitalization is progressing and the use of digital tools reached 30.4%, up from 21.9% in the first quarter last year. Adjusted EBITDA margin was 6.1%, up 170bps, driven by gross margin expansion of 480 bps thanks to price increases and product mix, combined with continued focus on transformation savings.

The Body Shop's Q1 net revenue declined by 9.4% at constant currency (-16.5% in BRL.) The tough macro environment, particularly in the UK and the rest of Western Europe, continued to impact retail sales, while The Body Shop at Home continued its steep decline. Adjusted EBITDA margin was 6.1%, down only 30 bps year-on-year, thanks to a return to positive territory of gross margin, up 50 bps to 78.6%, combined with strict cost control. efficiency gains. Under the new CEO, management will be working to refine The Body Shop's current business plan and transformation agenda, while continuing to prioritize profitability and cash conversion recovery.

Aesop again recorded another quarter of double-digit growth in constant currency, up 16.8% (+9.2% in BRL). All regions delivered double-digit growth despite the challenging environment. Fragrance sales grew at more than twice the overall pace, aligned with Aesop's category diversification strategy. Q1 adjusted EBITDA margin was 18.5%, down 320 bps, mainly reflecting planned investments to deliver sustainable growth. Following the announcement of its sale to L'Oréal, whose closing is expected in the third quarter, Aesop has been classified as Discontinued operations.

About Natura &Co

Natura &Co is a global, purpose-driven, multi-channel and multi-brand cosmetics group which includes Avon, Natura, The Body Shop and Aesop. Natura &Co posted net revenues of R$36.3 billion in 2022. The four companies that form the group are committed to generating positive economic, social and environmental impact. For 136 years Avon has stood for women: providing innovative, quality beauty products which are primarily sold to women, through women. Founded in 1969, Natura is a Brazilian multinational in the cosmetics and personal care segment, leader in direct sales. Founded in 1976 in Brighton, England, by Anita Roddick, The Body Shop is a global beauty brand that seeks to make a positive difference in the world. The Australian beauty brand Aesop was established in 1987 with a quest to create a range of superlative products for skin, hair and the body.

Generative AI Music Market USD 2.6 Billion by 2032

generative ai music market in 2032

The global Generative AI in Music Market size accounted for USD 229 million in 2022 and growth is estimated to accelerate at a CAGR of 28.6%, registering an incremental revenue of USD 2.6 billion by 2032. The generative AI in music is dependent on deep learning and analyzing large amounts of data. In the current era of digitalization, artists are more inclined towards online presence and creating visually captivating content to achieve success and popularity.

Key Takeaway:

By component, the software segment generated the largest revenue share of 55% in 2022.

By type, the GANs segment has dominated the market, accounting for the largest global revenue of 41% in 2022.

By Application, the mastering music segment dominated the market, with the largest market revenue share of 30% in 2022.

In 2022, North America dominated the market with the highest revenue share of 35%.

Asia Pacific region is expected to grow at a significant CAGR from 2023-2032.

The generative AI music tools help generate music faster and more affordably compared to traditional use. The standard business process for creating music requires more time, effort, and costs. Thus, the artists and music generators in the market are adopting generative AI music synthesizers for effective business.

Factors affecting the growth of generative AI in music market

Several factors can affect the growth of generative AI in music market. Some of these factors include:

Increasing use in the composition of music: Companies in the music market are introducing various AI tools for the composition of music and remix music that allows consumers to construct their own rhythms.

Increasing use in music generation from texts: The artists in music industries prefer generative AI tools in music generation. Generative AI tools are more efficient than traditional music generation because they are cost-effective and also save time. Google researchers have introduced MusicLM, which is an AI model that can generate high-fidelity music from the text.

Top Trends in Global Generative AI in Music Market

The traditional music generation is replacing with generative AI music tools. The demand for generative AI music tools is increasing in music mastering among the younger generation. AI audio/video generator tools producer market companies are focusing on providing cost-effective and high-quality services to meet high consumer demand. AI is starting to play an important role in the music industry because it allows musicians to generate music from texts with low costs and within less time. The artist is shifting towards generative AI tools to gain popularity in the music industry.

Market Growth

Authentic artists have launched a wide variety of AI-powered virtual artists that provide fresh music experiences. In 2021, audio-on-demand streaming services such as Spotify generated the highest revenue in the United States. The artists in the music industry are using generative AI music tools for good-quality music generation. Increasing adoption of smartphones and rising numbers of mobile music apps are driving the demand for generative AI in music. Generative AI has opened up new opportunities for generating new sounds and rhythms. The increasing applications of generative AI in music in the music industry are driving the market growth.

Regional Analysis

The generative AI in music market was dominated by North America, which acquired the most significant revenue share of 35% in 2022. The United States is also home to some popular music festivals, including Bonnaroo, Coachella, and Lollapalooza. Thus the music industry plays a vital role in the regional growth of the market. With technological advancements and artificial intelligence, the music industry is expected to show lucrative growth in the forecast period. The music industry in North America accounted for 28.8 billion in 2021 due to the emergence of music companies such as Spotify. However, the Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to the revolution in the music industry because of the generative AI.

Competitive Landscape

Several key companies in generative AI in music market focus on technological advancements in AI tools to provide better services. Also, companies are adopting marketing strategies such as merging and acquisition to stay competitive in the market. Several major key players in generative AI in music market include Shutterstock Inc., Aiva Technologies SARL., Soulful, Ecrett music, Boomy Corporation, OpenAI, Amadeus Code, etc.

Market Drivers

The growth of the market is propelled by increasing listening habits in the younger generation. Many AI music tools are available in the market that supports both beginner and seasoned musicians in creating their own music. Thus, the demand for generative AI music tools is increasing, hence driving the market. Increasing adoption of smartphone and technological advancements is mainly driving the growth of global generative AI in music market. In addition, the music industry's introduction of technological advancements, such as the Internet of Things (IoT), deep learning, and machine learning, is fueling the market growth.

Market Restraints

Generative AI in music may not always be able to produce high-quality outputs. The generated outputs also may contain some errors that have a negative impact on market growth. The cyber-attacks and consumer data privacy issues are increasing due to a lack of data, overly complex models, and poor training expected to hamper market growth during the forecast period.

Market Opportunities

The demand for generating music from texts has opened up new avenues of creativity for musicians and non-musicians. Increasing applications of generative AI in music composition of music, music mastering, streaming music, and making of new sounds are expected to drive the market during the forecast period. Rapidly increasing adoption of smartphones and the introduction to the internet of things(IoT) are anticipated to create lucrative growth opportunities in the market. The technological advancements in the music industry bought new innovations in the music industry expected to drive the market in the forecast period.

2023 CEO Investor Day Kia EV sales

2023 ceo investor day kia ev sales

Kia Corporation (Kia) today provided an update on its future strategies through the Kia CEO Investor Day event held in Seoul, Korea.

Kia has updated its mid- to long-term business strategy with a focus on electrification. Kia's updated 2030 annual sales target is 4.3 million units, of which 2.38 million units will be electrified vehicles. The financial targets have also been increased to KRW 160 trillion in gross revenue, 16 trillion won in operating profit and 10 percent in operating profit margin.

Kia first unveiled its mid- to long-term strategy entitled 'Plan S' in 2020, which focuses on a pre-emptive transformation towards an EV-focused business and providing customized mobility solutions. Since then, Kia has held a CEO Investor Day every year to present updates on the company's future vision and goals.

During the 2023 CEO Investor Day, Kia announced updated goals and specific details of its business strategy. Kia's 2030 global sales target of 4.3 million units is 34.4 percent higher than its 2023 annual sales target of 3.2 million units. It also plans to become a leading EV brand by raising the proportion of electrified car sales to 55 percent (2.38 million units) in 2030. This is a 7.5 percent (300,000 units) increase from the 2030 target announced in 2022, while the global sales target for electrified vehicles has increased by 15.5 percent (320,000 units).

"In 2021, Kia went through a full-scale transformation of its corporate name, logo, product and design, as well as corporate strategy. As a result, our brand value has improved significantly, helping us to win a number of 'Car of the Year' awards in key markets," said Kia President and CEO Ho Sung Song. "In order to become a Sustainable Mobility Solutions Provider, Kia needs to continue its efforts to strengthen Kia brand identity and establish an innovative and customer-centric business model."