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Bestower Labs

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Bestower Labs, formerly known as Stallions Labs, is a technology company that specializes in blockchain ecosystems and research in innovative technologies. It was founded in 2019 by Ayan Rao and was incorporated in the United Kingdom in June 2024[1]. The company's focus is on creating projects that aim to serve both commercial and public benefit purposes, with a commitment to sustainability and environmentally responsible practices.[2] Over the years, the company has expanded its influence in the tech industry for the achievement of a notable position in the market with a commitment to maintain a sustainable and environmentally responsible practices that can participate in combating the climate changes.[2]

History

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Foundation and Early Years

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Founded in 2019 by Ayan Rao, Bestower Labs originated as a response to identified challenges in technological advancements, education, and sustainability. Inspired by the founders' vision of making technology accessible and impactful, the company developed its first project, “Grow-More.” Grow-More is a decentralized finance (DeFi) initiative that leverages blockchain technology and smart contracts to enable users to manage finances securely with a guaranteed return on investment (ROI). This project focuses on promoting financial stability and contributing to economic growth. In its early phase, Bestower Labs centered its efforts on designing trading algorithms and bots, which it applied to the Grow-More project. This initial concentration on algorithmic design allowed the company to establish a foothold in the technological market, paving the way for further development and resources.[3]

Expansion and Growth

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In the years following its inception, Bestower Labs entered a phase of expansion, broadening its portfolio with projects like Metacation, AI integration and robotics, Web 3 research, and blockchain ecosystem development. These projects enabled Bestower Labs to diversify its customer base and increase its impact across the industry. The company has recently launched a significant e-commerce initiative focused on Amazon FBA, online stores, and virtual assistance services, which aims to support entrepreneurs competing in online retail.[3]

Rebranding and Market Realignment

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Bestower Labs underwent a rebranding to align with its expanded market presence, introducing a new logo, updated mission statements, and a revised brand image. This rebranding was intended to reflect the company's evolution; however, it sparked debate. Some critics viewed the rebranding as a shift towards a more commercial focus, while supporters considered it a necessary step for scaling impact. In response to the concerns raised, Bestower Labs released a statement reaffirming its commitment to balancing both profit-oriented and public-benefit objectives.[4]

Projects and Services

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Bestower Labs’ project portfolio is diverse, including initiatives in finance, education, and e-commerce:

Grow More

This decentralized finance (DeFi) platform offers participants a monthly return of up to 8% through ethical trading practices. It includes interest-free Islamic trading accounts to comply with Shariah principles, making it accessible to a wider audience.[5]

Metacation

An educational program designed to bridge traditional learning with new technologies. This project focuses on providing individuals with skills and knowledge relevant to the digital age, emphasizing creativity, critical thinking, and lifelong learning as core objectives. It offers courses in blockchain development, artificial intelligence, and robotics, supplemented by industrial placements to provide skill-building relevant to the digital economy.[6]

AI Integration and Robotics

Bestower Labs operates advanced laboratories for research and application development in artificial intelligence and robotics, focusing on solutions that address societal challenges.[1]

Web 3 Research

Bestower Labs conducts research on Web 3.0 technologies, emphasizing the development of decentralized networks and distributed applications that foster a user-centric internet.[1]

Blockchain Ecosystem

The Company is actively engaged in blockchain ecosystem development, creating solutions and partnerships to encourage the adoption of blockchain technologies across industries.[1]

Controversies

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In June 2024, Bestower Labs rebranding and expansion drew public commentary. Some critics argued that the company might be drifting from its original mission of public-benefit technology towards a stronger commercial focus. Articles on platforms like Medium highlighted concerns that Bestower Labs might prioritize profitability over public service. The company responded by issuing an official statement to address these critiques, reiterating its commitment to social responsibility. It introduced new initiatives, including partnerships with OpenAI and Polygon, to balance growth with its mission.[4]

Corporate Social Responsibility (CSR)

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Bestower Labs engages in corporate social responsibility (CSR) activities centered on sustainability, education, and ethical business practices. The organization incorporates sustainable methods in its operations, focusing on environmental conservation and renewable energy. Through the Metacation project, Bestower Labs aims to integrate traditional education with emerging technologies, offering courses in areas such as blockchain, artificial intelligence, and robotics. Additionally, the company emphasizes ethical trading in its financial projects, including interest-free Islamic accounts, aligning with Shariah principles.[7]

Awards and Recognitions

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On May 25, 2024, Bestower Labs was awarded the Best Innovation and Technology Development Award, acknowledging its contributions to ethical business practices and technological advancements.[4]

Partnerships and Collaborations

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Bestower Labs collaborates with several organizations in various fields. Through its Metacation initiative, it has partnered with entities like OpenAI, Polygon, and several UK institutions to enhance its educational programs and technology offerings. The company also works with educational institutions, industry professionals, and organizations to create learning opportunities and broaden access to education.

References

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  1. ^ a b c d "Bestower LABS". www.bestowerlabs.com. Retrieved 2024-11-29.
  2. ^ a b "BESTOWER LABS LIMITED overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2024-11-29.
  3. ^ a b Doe, Dr Charles (2024-07-29). "Exploring the Innovations of Bestower Labs: A Public Benefit Perspective". Medium. Retrieved 2024-11-29.
  4. ^ a b c Doe, Dr Charles (2024-08-24). "Bestower Labs: Controversial Rebranding and Expansion in the Tech Industry". Medium. Retrieved 2024-11-29.
  5. ^ "Bestower LABS". www.bestowerlabs.com. Retrieved 2024-11-29.
  6. ^ "Bestower LABS". www.bestowerlabs.com. Retrieved 2024-11-29.
  7. ^ "BESTOWER LABS LIMITED more information - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2024-11-29.