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Cypher Metaverse Inc. (BKLLF) is focused on early-stage investments in emerging technology sectors such as blockchain, fintech, and the metaverse. The company seeks opportunities, applies relationships and capital to advance its interests, and is headquartered in Vancouver, BC.
Recently, Cypher Metaverse Inc. announced a definitive agreement for a business combination with Agapi Luxury Brands Inc., aiming to list the combined entity on the CSE Venture Exchange as an industrial issuer. The transaction involves a share exchange, where Agapi will become a wholly-owned subsidiary of Cypher Metaverse Inc.
In connection with the transaction, Cypher Metaverse Inc. is completing a private placement financing of Agapi Common Shares, expecting minimum gross proceeds of $750,000. The company also plans to file an information circular on SEDAR, provide a trading halt for CODE Common Shares, and meet the required closing conditions.
Codebase Ventures has confirmed the delivery of 115 Antminer S17+ 76Th Bit Mining units to its New York facility, which are now generating revenue. The company has amended its supply agreement to expedite deliveries amid global microchip shortages. Furthermore, Codebase holds the first right of refusal on an additional 5MW capacity for future expansion. Bitcoin's price resurgence and increased institutional interest, including investments from high-profile firms, position Codebase favorably within the mining sector, reflecting confidence in the long-term prospects of blockchain technology.
Codebase Ventures Inc. (OTCQB: BKLLF) announced a significant endorsement agreement between its investment, Love Hemp Group PLC, and World Heavyweight Champion Anthony Joshua. The agreement, effective from July 1, 2021, spans three years, positioning Joshua as a brand ambassador and collaborator on a licensed range of CBD products aimed at athletes. As part of this partnership, Joshua will become a key shareholder in Love Hemp through share issuance. This collaboration aligns with Love Hemp's strategy to enhance its international market presence.
Codebase Ventures Inc. (OTCQB: BKLLF) has announced that its investee, Arcology, is nearing the launch of its public testnet. Arcology's team has successfully optimized the DSToken, enhancing interoperability for decentralized applications (DApps) from Ethereum to its native blockchain. Current internal tests reveal speeds of up to 28,000 transactions per second, significantly surpassing Ethereum's 15 transactions per second. The goal is to improve accessibility for developers and users, thereby expanding market opportunities by alleviating high fees and congestion associated with Ethereum.
Codebase Ventures has amended its agreement to secure 115 Bitmain Antminer S17+ 76Th miners for its operations in New York, addressing current supply chain challenges. The new rigs will be delivered within 60 days, replacing the previously contracted Canaan A1246 miners at the same price. This decision is part of the company's strategy to ensure timely infrastructure setup amidst high demand and microchip shortages. Bitmain's reputation as a leading manufacturer further supports this transition, potentially enhancing profitability.
Codebase Ventures Inc. (OTCQB: BKLLF) has announced that its investment in InstaCoin Technologies Ltd. has successfully completed extensive testing for its new NFT app. The app is set to be released on Apple store platforms, aiming to simplify NFT creation for everyday users by connecting social media profiles directly to the blockchain. With a 50% equity stake in InstaCoin, Codebase plans to democratize NFTs, shifting focus from high-value sales to enabling broader public participation in the NFT market.
Codebase Ventures Inc. (OTCQB:BKLLF) has issued 7,400,000 options under its incentive stock option plan, enabling management, employees, and consultants to subscribe for common shares at $0.265 each for five years. The company has also contracted Aktiencheck.de AG for €50,000 to support a European marketing initiative, contingent on future news flow. Codebase focuses on early-stage investments in innovative sectors, aiming to assist in bringing emerging ideas to market.
Codebase Ventures Inc. has announced a £100,000 investment in InstaCoin, acquiring a 50% stake in the UK-based NFT startup. InstaCoin aims to launch the world's first self-serve social NFT platform, enabling users to create NFTs from their content for a one-off cost of $1. This innovative approach targets millions of social media users, promoting instant sales and a lifetime commission model. Codebase’s existing relationship with InstaCoin's team positions it well for growth in the rapidly expanding NFT market.
Codebase Ventures Inc. (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces positive findings from a feasibility study on its transdermal delivery technology for hydroxychloroquine (HCQ), a drug projected to reach a $6 billion market by 2027, targeting lupus, rheumatoid arthritis, and malaria. Conducted by TRPL, the study confirms HCQ's suitability for transdermal delivery, which may mitigate side effects of oral tablets. The company is considering spinning out its HCQ asset to enhance shareholder value.
Codebase Ventures (OTCQB: BKLLF) is enhancing its blockchain investment strategy by focusing on NFTs (non-fungible tokens). The company aims to capitalize on the growing interest in NFTs, highlighted by significant sales like Beeple's $65M auction. With over $100 million in digital art sales in the last month, NFTs are recognized as a rapidly expanding sector. Codebase plans to invest in innovative NFT companies while leveraging its advisor network for future opportunities. Additionally, it has engaged Digitonic Ltd. for $216,000 USD to boost investor awareness.
Codebase Ventures Inc. (CSE:CODE)(OTCQB:BKLLF) has announced advancements in its bitcoin mining infrastructure. As bitcoin gains traction with institutional investors, highlighted by Morgan Stanley's recent offering of bitcoin funds, Codebase is preparing to deploy 115 Canaan A1246 miners to a facility in upstate New York. Additionally, the Company has engaged Proactive Investors for $52,500 annually to enhance investor awareness. The developments reflect Codebase's commitment to leveraging the growing cryptocurrency market for long-term success.
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