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NBA Champion Tristan Thompson Partners With World Mobile To Launch Community-Owned Mobile Network

NBA champion Tristan Thompson has unveiled a pioneering partnership with global telecom leader World Mobile to launch Uplift, a community-owned mobile network. Announced at TechCrunch Disrupt 2025, this venture is set to redefine how connectivity is delivered by leveraging decentralized technology and community engagement, challenging the entrenched centralized model of the $2 trillion telecom industry.

Innovative Technology And Community Empowerment

Uplift is founded on a robust blend of blockchain technology and a decentralized physical infrastructure network (DePIN), offering unlimited data plans starting at $9.99 per month. Every subscription fuels neighborhood-level network expansion, and local “AirNode operators” earn a share of revenue by providing essential coverage. This innovative ecosystem ensures that the financial benefits of digital connectivity remain within the communities that generate them.

Leadership With A Vision For Social Impact

Beyond his celebrated basketball career with the Cleveland Cavaliers, Thompson has become a formidable advocate for technological innovation and economic inclusion. Holding multiple C-suite roles across the web3 and fintech sectors, including chief digital equity officer at World Mobile and chief advisory officer at AxonDAO, Thompson is committed to using his influence to create meaningful social change. His onstage declaration highlighted a personal mission to uplift underserved communities by making high-speed data both accessible and affordable.

Proven Scalability And Real-World Application

Uplift’s model has already demonstrated its potential in a pilot program in Reno, Nevada, where community hosts earned over $10,000 annually by extending network coverage to underserved areas. In a further testament to its reliability, Thompson’s team restored connectivity in North Carolina during a severe hurricane, outpacing competitors like Starlink by deploying rapid helicopter-assisted solutions.

Expanding Horizons

With initial rollouts slated for Cleveland, Ohio, and plans to expand to additional cities in 2026, Uplift responds to the urgent need for affordable, high-speed internet. More than 50 million Americans live at or near the poverty line, and this initiative is poised to narrow the digital divide while reinvesting value directly back into local neighborhoods.

Cyprus Residential Market Surpasses €2.5 Billion In 2025 With Apartments Leading the Way

Market Overview

In 2025, Cyprus’ newly built residential property market achieved a remarkable milestone, exceeding €2.5 billion. Data from Landbank Analytics indicates robust activity countrywide, with newly filed contracts reaching 7,819, including off-plan developments. This solid performance underscores the market’s resilience and dynamism across all districts.

Transaction Breakdown

The apartment sector clearly dominated the market, constituting 81.6% of transactions with 6,382 deals valued at €1.77 billion. In contrast, house sales represented a smaller segment, encompassing 1,437 transactions and generating €737.9 million. The record-high transaction was noted in Limassol, where an apartment sold for approximately €15.2 million, while the priciest house fetched roughly €6.2 million.

Regional Analysis

Nicosia: The capital recorded steady domestic demand with 2,171 new residential transactions. Apartments accounted for 1,836 deals generating €349.6 million, compared to 335 house transactions worth €105.5 million, anchoring Nicosia as a core market with average values of €190,000 for apartments and €315,000 for houses.

Limassol: As the island’s principal investment center, Limassol led overall activity with 2,207 transactions. Apartments dominated with 1,936 sales generating €824.1 million, while 271 house transactions added €157.9 million. The district enjoyed premium pricing, with apartments averaging over €425,000 and houses around €583,000.

Larnaca: This district maintained robust activity with a total of 2,020 transactions. The apartment segment realized 1,770 transactions worth €353 million, and houses contributed 250 deals valued at €96.3 million. Average prices hovered near €200,000 for apartments and €385,000 for houses, positioning Larnaca within the mid-market bracket.

Paphos: With a more balanced mix, Paphos completed 1,078 transactions. Ranking second in overall value at €503.2 million, the district saw house sales generate €287.8 million and apartments €215.4 million. Consequently, Paphos achieved the highest average house price at approximately €710,000 and an apartment average of €320,000, emphasizing its premium housing profile.

Famagusta: Distinguished by lower transaction volumes, Famagusta was the sole district where house sales outnumbered apartment deals. Out of 343 transactions, 176 involved houses (yielding €90.4 million) and 167 were apartments (at €32.4 million). The segment’s average prices were about €194,000 for apartments and over €513,000 for houses, signaling its focus on holiday residences and coastal developments.

Sector Insights and Forward View

Commenting on the report, Landbank Group CEO Andreas Christophorides remarked that the analysis demonstrates an ecosystem where apartments are the cornerstone of the real estate market. He emphasized, “The apartment sector is not merely a trend; it is the engine powering the country’s real estate market.” Christophorides also highlighted the diverse regional dynamics: Limassol leads in apartment pricing, Paphos commands premium house prices, Nicosia remains pivotal to domestic demand, Larnaca sustains competitive activity, and Famagusta caters to holiday home buyers.

In a market characterized by these varied profiles, informed monitoring of regional and sector-specific dynamics is crucial for investors aiming to make targeted and strategic decisions.

Aretilaw firm
eCredo
Uol
The Future Forbes Realty Global Properties

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