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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 released new benchmarking data showcasing its Arcology platform's enhanced version of CryptoKitties. The data indicates Arcology outperforms Ethereum's original game by a factor of 1,000. In testing, the platform achieved peak transactions per second of over 40,000, compared to Ethereum's 15-20. This demonstrates Arcology's potential to address existing blockchain limitations. Codebase, which currently owns 30% of Arcology, has the option to increase this to 51%. The company is also engaging Stockhouse for investor awareness efforts.
Codebase Ventures Inc. (OTCQB: BKLLF) announced that Arcology has launched an improved version of CryptoKitties, surpassing the original's performance by a factor of 1,000. The game achieved 30,000 transactions per second (TPS) compared to Ethereum’s 15-20 TPS. Arcology aims to capture market share from Ethereum through enhanced blockchain capabilities, leveraging AI and adaptive learning. Codebase holds a 30% stake in Arcology with an option to increase to 51%. The release signifies a significant advancement in blockchain technology.
Codebase Ventures (OTCQB: BKLLF) announced the public release of Arcology's source code on Github, marking a significant step in transparency and community engagement. This follows the successful testing of Arcology's Testnet 2.0, which showcased its speed, scale, and stability. Arcology aims to compete with Ethereum in the blockchain ecosystem, promoting decentralized applications for various sectors. The live repository will be regularly updated, revealing the team's commitment to its 2021 roadmap.
Codebase Ventures Inc. (OTCQB: BKLLF) has confirmed the processing of its bitcoin mining rigs following a $2.5 million acquisition announced on January 15, 2021. The company will operate 115 Canaan A1246 miners, delivering a combined hash power of 10,350 TH/s. Additionally, Codebase secured a first right of refusal on 5 MW capacity at a green hydroelectric facility in New York State. This move aims to leverage cost-effective renewable energy for mining operations, marking a significant step in Codebase's expansion into the bitcoin mining sector.
Codebase Ventures Inc. (OTCQB: BKLLF) has announced the issuance of 6,050,000 stock options under its incentive stock option plan. These options allow management, employees, and consultants to purchase common shares at $0.30 each for a period of five years. The initiative aims to incentivize key personnel and is part of the company’s strategic growth efforts in early-stage investments. Codebase focuses on supporting innovators to bring their ideas to market.
Codebase Ventures Inc. announced the completion of a non-brokered private placement, raising $637,092 through the sale of 3,981,825 units. The company paid $30,094.40 in finders' fees and issued 188,110 broker warrants. Each unit consists of one share and a warrant priced at $0.22, expiring on February 3, 2023. The proceeds will be allocated for working capital and future investments. Securities come with a trading restriction until June 4, 2021.
Codebase Ventures Inc. (CSE:CODE, OTCQB:BKLLF) will host an investor call on December 10, 2020, featuring Mr. Laurent Zhang, Founder of Arcology. The call, starting at 10 AM Pacific / 1 PM Eastern, will discuss Arcology's Testnet 1.0 results and the upcoming Arcology Network coin offering. Investors can submit questions via ir@codebase.ventures. Interested participants can register for the Zoom webinar here.
Codebase Ventures Inc. (CSE:CODE, OTCQB:BKLLF) will host an investor call featuring Laurent Zhang, founder of Arcology, on December 10, 2020, at 10 AM Pacific, 1 PM Eastern. The call will address Arcology's Testnet 1.0 results and discuss the upcoming Arcology Network coin offering. Investors can submit questions via the investor relations email for potential discussion during the call. For details and registration, visit this link.
Codebase Ventures Inc. (OTCQB:BKLLF) has completed a first closing of a private placement, raising $687,000 from the sale of 13,740,000 units at $0.05 each. Each unit includes a common share and a purchase warrant priced at $0.075, valid for two years. The company intends to finalize the full $2 million financing by December 16, 2020, with proceeds targeting working capital and future investments. Additionally, 1,500,000 options have been issued to consultants at an exercise price of $0.19, valid for five years.
Codebase Ventures Inc. (OTCQB:BKLLF) has announced an updated roadmap for its holding, Arcology, following the successful results from Testnet 1.0. Key achievements include compatibility with Ethereum and reaching scalability targets. The next phase includes the execution of Testnet 2.0, set for completion in 10-12 weeks, focusing on user experience and performance refinement. Additionally, Arcology is assessing potential revenue models for its public and private blockchain networks. This advancement positions Arcology for future growth and stability in the blockchain ecosystem.
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