Tuesday, September 13, 2022

5ire Acquires Stake In Network Capital And Names Utkarsh Amitabh As Chief Marketing Officer

5ire, the 5th-generation blockchain network founded by two visionary entrepreneurs from India, Pratik Gauri and Prateek Dwivedi, and web3 financier Vilma Mattila, has recently acquired a stake in Network Capital (NC) and named Utkarsh Amitabh as Chief Marketing Officer. NC will now be rebranded as "NC powered by 5ire."

NC powered by 5ire is one of the world’s largest mentorship and career advancement platforms that empowers people to make a living doing what they love and teaching what they love. Network Capital has active local chapters in every major city around the world and serves as a partner to the Government of India’s Atal Innovation Mission, enabling mentorship for almost 1.6 million students. Acquiring NC gives 5ire access to human capital. NC being one of the best communities in the world will help 5ire build a talent pipeline and give access to best brains around the world.

Before starting Network Capital, Utkarsh worked at Microsoft for 7 years. He earned his MBA from INSEAD and was awarded the Chevening Fellowship at University of Oxford. Utkarsh writes for Harvard Business Review and is the author of two best-selling books published by Sage – “Passion Economy and the Side Hustle Revolution” and “The Seductive Illusion of Hard Work”. World Economic Forum founder Professor Klaus Schwab wrote the foreword for both his books. Utkarsh is also a Global Shaper from the Oxford Hub who represented the community in Davos.

Utkarsh Amitabh will now serve as Chief Marketing Officer (CMO) of 5ire and continue to be the CEO of Network Capital powered by 5ire. He will report into the 5ire CEO’s office.

On this occasion, 5ire's CEO and Co-founder Pratik Gauri said, "In Utkarsh we saw someone who reflected our core values. We found a partner who sees infinite possibilities and opportunities in growth and innovation, and it clicked. My congratulations to Utkarsh - I look forward to building a community together."

Prateek Dwivedi, Co-founder and Chief Marketing Officer (CMO) of 5ire, will be Co-founder and Chief Product Officer at 5ire. He congratulated Utkarsh on his role and praised him for his contribution to the growing success of NC.

Dwivedi further stated, "I've always believed in constant improvement. That life is an infinite game with infinite possibilities. Network Capital has used that same strategy to mentor and guide its community. They've truly gone a brilliant way to guide young minds, similar to how we aim to create a million billionaires.  I’m pumped about discovering and working with NC powered by 5ire products, and take this mission further."

The newly minted CMO, Utkarsh Amitabh thanked co-founders Gauri and Dwivedi, and said, “I’m delighted that Network Capital is joining hands with a mission-driven company like 5ire that is integrating blockchain technology with sustainable development goals. Knowing the co-founders and the team at large has been energizing. I look forward to the adventure ahead.”

About 5ire

5ire is a blockchain ecosystem that focuses on the widespread adoption of blockchain technology by integrating sustainability, technology, and innovation to build the 5th industrial revolution (5IR). Founded by blockchain proponents Pratik Gauri, Prateek Dwivedi, and Vilma Mattila in August 2021, the mission of 5ire is to increase the adoption of blockchain for worldwide benefit by embedding a for-benefit paradigm at the heart of the blockchain, highly incentivizing practices that align with the United Nations Sustainable Development Goals (SDGs), facilitating the transition from 4IR to 5IR, and accelerating the implementation of the UN 2030 Agenda for Sustainable Development. The company's primary offering is 5ireChain, a first-layer, sustainability-driven 5th-generation blockchain that ensures adherence to the philosophy of 5IR, creating a net positive impact on the planet and serving humanity.

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