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Overview of Bullet Blockchain (BULT)
Bullet Blockchain, Inc. (OTC: BULT) is a diversified software development and SaaS company headquartered in Reno, Nevada. Specializing in blockchain technologies and Web 3.0, the company is at the forefront of revolutionizing digital asset accessibility and security. Through its wholly owned subsidiary, First Bitcoin Capital LLC, Bullet Blockchain holds exclusive rights to two critical Bitcoin ATM patents, positioning itself as a key player in the cryptocurrency ecosystem.
Core Business and Revenue Streams
BULT's business model revolves around three primary pillars: Bitcoin ATM operations, intellectual property licensing, and software development. The company operates a growing network of licensed Bitcoin ATMs, providing users with secure and convenient access to digital assets. Additionally, BULT monetizes its intellectual property portfolio by offering licensing programs to Bitcoin ATM operators and manufacturers, including transaction-based fees and revenue-sharing models. This dual focus on operations and licensing enables the company to generate multiple revenue streams while fostering innovation in the blockchain space.
Intellectual Property and Competitive Advantage
A defining feature of Bullet Blockchain's strategy is its ownership of two critical Bitcoin ATM patents: US9135787B1 and US10332205B1. These patents cover essential technologies for Bitcoin kiosk systems, including enrollment protocols and transaction methods. By leveraging this intellectual property, BULT not only operates its own Bitcoin ATMs but also licenses its technology to third parties, ensuring compliance and creating a sustainable competitive advantage. The company actively pursues unlicensed operators and manufacturers, further solidifying its market position.
Market Position and Industry Context
Operating within the rapidly evolving blockchain and cryptocurrency industry, Bullet Blockchain addresses the growing demand for secure, user-friendly digital asset solutions. The company's Bitcoin ATMs enhance accessibility for cryptocurrency users, particularly in underserved markets. As blockchain adoption accelerates, BULT is well-positioned to capitalize on emerging opportunities, including the anticipated growth of Bitcoin ETFs and the broader Web 3.0 ecosystem.
Growth Strategy and Vision
BULT is committed to driving innovation and expanding its market presence. Recent initiatives include the deployment of additional Bitcoin ATMs in Georgia and the strategic hiring of experienced personnel, such as a Global Strategist and CFO. These efforts align with the company's vision of establishing a global footprint and shaping the future of blockchain technologies. By combining operational excellence with a robust intellectual property portfolio, Bullet Blockchain aims to deliver long-term value to its shareholders and stakeholders.
Commitment to Innovation and Decentralization
At its core, Bullet Blockchain is dedicated to advancing decentralized blockchain solutions and digital technology. The company's focus on Bitcoin ATM technology and Web 3.0 reflects a broader commitment to transforming how individuals and businesses interact with digital assets. Through strategic partnerships, licensing programs, and operational expansions, BULT continues to innovate and adapt to the dynamic blockchain landscape.
Bullet Blockchain (OTC: BULT) has appointed Eric Noveshen as Executive Vice President and interim-Chief Financial Officer. Noveshen brings over 28 years of Wall Street experience and cryptocurrency expertise, having been involved in Bitcoin mining since 2013. His appointment follows BULT's recent Memorandum of Understanding with Sailo Technologies CY to provide cyber-security solutions for Bitcoin ATMs across the United States.
The company owns important Bitcoin ATM patents through its subsidiary First Bitcoin Capital , including US Patent Nos. US9135787B1 and US10332205B1, which are essential for Bitcoin ATM operations. Noveshen's primary focus will be expanding revenue streams, streamlining accounting processes, and enforcing Bullet's intellectual property rights.
Bullet Blockchain (OTC: BULT) has signed a Memorandum of Understanding with Sailo Technologies, making BULT the exclusive U.S. partner for implementing advanced cybersecurity solutions in Bitcoin ATMs. The partnership introduces crypto wallet insurance of up to $150,000 per wallet and real-time protection services.
This initiative addresses significant cybersecurity challenges in the crypto sector, where hackers stole $3.8 billion in crypto assets in 2022. According to FTC data, Bitcoin ATM scam losses increased tenfold since 2020, reaching over $110 million in 2023, with $65 million lost in the first half of 2024. The median loss was $10,000, with individuals over 60 being particularly vulnerable.
BULT owns two critical Bitcoin ATM patents through its subsidiary First Bitcoin Capital : US9135787B1 and US10332205B1, which are essential for Bitcoin ATM operations.
Bullet Blockchain, Inc. (
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