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Saudi Innovator Secures Patent For Revolutionary Crypto Asset
Rand Al Kharashi’s Quintes Protocol promises perpetual value growth and aims to disrupt both the crypto and traditional markets.
Saudi entrepreneur Rand Al Kharashi is causing a stir in the decentralized finance space after securing a Patent Cooperation Treaty (PCT) from the World Intellectual Property Organization (WIPO) for her groundbreaking Quintes Protocol — a cryptocurrency model designed to avoid depreciation.
Scheduled for launch in January 2025, Quintes Protocol is being hailed as a disruptive force in the cryptocurrency space. Its innovative framework offers a perpetually appreciating asset with projected annual value growth of 18-30%. The technology is expected to bring new stability and reliability to an industry often criticized for its volatility.
“This is more than a milestone for Quintes Protocol – it’s an affirmation that exceptional and continued value can be created in the crypto field,” explained Al Kharashi. “Backed by intensive research, verifications, and the knowledge of renowned token engineers and researchers from leading blockchain companies, Quintes has just one destination: to pioneer the future of DeFi with unmatched growth, blazing the way for an exciting new world of cryptocurrency value”.
The Quintes Protocol aims to outperform traditional investment classes like S&P 500 stocks, gold, and high-yield bonds, as well as major cryptocurrencies like Bitcoin and Ethereum. By offering predictable growth and mitigating the risks typically associated with crypto investments, it is poised to attract a wide range of investors.
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Speaking on the inspiration behind Quintes, Al Kharashi said, “We’ve seen the potential for cryptocurrencies to achieve great returns for investors, but that growth is fickle. Growth bubbles occur, burst suddenly and unexpectedly, and the value is often lost. That is what inspired the creation of Quintes and the concept of perpetual growth, based on predictable collateral value appreciation”.
The foundation of the Quintes Protocol is the result of intensive research by Kitabq Research Lab. The development team includes elite engineers and scientists with backgrounds at ConsenSys, Binance, and Algorand, as well as financial giants such as Morgan Stanley. Together, they’ve raised over $600 million and boast a track record of successful projects across Web2 and Web3.
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Max Fashion Brings AI Virtual Try-Ons To Gulf Online Shoppers
Landmark Group’s value fashion brand is using Google Cloud’s generative AI to tackle the returns problem that has dogged ecommerce since its beginning.
Buying clothes online has always involved a gamble. A garment that looks right on a model may hang differently on the person ordering it, and the result is a cycle of returns that costs retailers money and customers patience. Max Fashion, part of Dubai-based Landmark Group, is betting that generative AI can improve the experience.
The brand has launched what it describes as one of the region’s first virtual try-on experiences, built on Google Cloud’s Virtual Try-On API and generative AI vision models delivered through the Gemini Enterprise platform. Starting in the UAE, shoppers browsing Max’s digital platforms can see realistic previews of how garments drape, fit and move across different body types before committing to a purchase.
For many online shoppers, uncertainty is the single biggest barrier between scrolling and buying. “It helps address real purchase barriers, particularly around fit and confidence, while allowing us to create a richer and more engaging shopping journey,” explained Hani Weiss, chief executive officer of Max Fashion, who framed the rollout as part of the brand’s ambition to make fashion more accessible.
Bala Subramaniam, senior vice president and head of omnichannel at Max, seemed even more enthusiastic about the technology: “For the first time, a customer browsing on their phone has the same confidence as one standing in our fitting room”.
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Whether AI previews can genuinely match a fitting room remains to be proven at scale. The technology’s value will depend on how accurately it renders fabric and fit across the full range of bodies that shop at a value fashion brand, and on whether shoppers trust what they see enough to change their behavior.
For Google Cloud, the deployment is also a statement about where regional retail is heading. “AI-driven personalization is no longer a luxury, it is a core business imperative for forward-thinking retailers,” says Ziad Jammal, general manager for Google Cloud UAE, Levant and North Africa. If the returns data eventually backs that up, the rest of the region’s retailers will be watching closely.
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