ClickStream Acquires Rebel Blockchain Inc. - Developers of Nifter(TM) Music NFT Marketplace

Rhea-AI Summary

ClickStream Corp (OTC PINK:CLIS) has acquired Rebel Blockchain Inc., developer of the music NFT marketplace Nifter™. This acquisition aims to position ClickStream as a key player in the growing NFT sector by allowing artists to create, buy, and sell music NFTs. ClickStream will provide $300,000 to develop and market the Nifter platform, which includes a tool for artists to mint audio NFTs. The deal involves issuing restricted shares to Rebel shareholders and executive agreements incentivizing performance. This strategic move reflects the rising interest in NFTs among musicians.

Positive

• Acquisition of Rebel Blockchain Inc. enhances ClickStream's position in the NFT market.
• Investment of $300,000 to develop and launch Nifter™ platform.
• Nifter™ allows artists direct access to create and sell music NFTs, catering to a growing market.

Negative

• Integration challenges from combining operations of ClickStream and Rebel Blockchain.
• Dependence on the success of the Nifter™ platform for future revenue generation.

BEVERLY HILLS, CA / ACCESSWIRE / March 22, 2021 / ClickStream Corp (OTC PINK:CLIS) announced today it has acquired Rebel Blockchain Inc. ("Rebel"), developer of Nifter™, a music NFT marketplace that allows artists to create and sell unique music and sound NFTs. NFTs, or non-fungible tokens, are a type of digital token made possible through blockchain technology. NFTs can be created from any digital file, including music and audio files. Nifter™ is a marketplace allowing for the creation, buying and selling of these music NFTs. You can learn more about Nifter™ on the official website at https://Nifter.io.

Frank Magliochetti, ClickStream CEO stated "It has long been our intention for ClickStream to get involved in blockchain technology development. We have a unique opportunity to establish ourselves as an authority in the Non-Fungible Token space by creating a marketplace for artists, songwriters and fans to create and exchange NFT's."

The exchanging Rebel shareholders will receive restricted shares of Clickstream common stock for 100% of Rebel, making Rebel a ClickStream subsidiary. ClickStream will advance $300,000 to develop, launch and market the Nifter™ platform. Rebel has executed executive employment agreements with its founders, Tristan Chaudhry and Isaac Nakash, which include incentives for ClickStream shares based upon performance. Tristan & Isaac are the founders of Nebula Software Corp., developer of HeyPal™ which was acquired by ClickStream on December 16, 2020.

Tristan Chaudhry, Rebel CTO stated "There is a growing interest from artists around the world looking to turn their work into non-fungible tokens, and music artists are no exception. Shawn Mendes, Grimes, and Tory Lanez are just a few of the artists who have released digital tokens of their work. As more artists look to participate in this exciting space, there is a growing need for an easy solution to create music NFTs, in addition to creating a marketplace for the buying and selling of these tokens."

Artists can use Nifter's audio NFT creation tool to mint a token for their songs. NFTs can be sold on the Nifter™ marketplace in fixed price or auction style sales. Fans of artists and musicians are able to purchase NFTs directly from artists on the Nifter™ marketplace.

ABOUT CLICKSTREAM CORPORATION

ClickStream is a technology company focused on developing apps and digital platforms that disrupt conventional industries. The company is currently marketing and developing WinQuik™ and HeyPal™ respectively. For more information, please visit the Website at https://clickstream.technology/ or Twitter at https://twitter.com/ClickstreamC or Instagram at https://www.instagram.com/clickstreamcorp/.

WinQuik™, is a free-to-play synchronized mobile app and digital gaming platform. The platform is designed to enable WinQuik™ users to have fun, interact and compete in order to win real money and prizes. For more information please visit the Website at http://www.winquik.com/ or Twitter at https://twitter.com/winquikapp or Instagram at https://www.instagram.com/winquiktrivia/.

HeyPal™, by way of ClickStream subsidiary Nebula Software Corp., is a language learning app that focuses on "language exchanging" between users around the world. For more information about HeyPal™, please visit the Website at https://www.heypalapp.com/ Instagram at https://instagram.com/heypalapp/ or Twitter at https://twitter.com/HeypalA.

Nifter™, by way of ClickStream subsidiary Rebel Blockchain Inc., is a music NFT marketplace that allows artists to create, sell and discover unique music and sound NFTs on the Nifter™ marketplace. For more information about Nifter™, please visit the Website at https://Nifter.io, Instagram at https://www.instagram.com/nifter.io/ and Twitter at https://twitter.com/Nifter7.

SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

FOR MORE INFORMATION, PLEASE CONTACT:
Frank Magliochetti
CEO
info@clickstream.technology

SOURCE: ClickStream Corporation

View source version on accesswire.com:
https://www.accesswire.com/636609/ClickStream-Acquires-Rebel-Blockchain-Inc--Developers-of-NifterTM-Music-NFT-Marketplace

FAQ

What is the significance of ClickStream's acquisition of Rebel Blockchain Inc.?

The acquisition aims to establish ClickStream in the NFT space, allowing artists to create and sell unique music NFTs through the Nifter™ marketplace.

How much is ClickStream investing in the Nifter™ platform?

ClickStream is investing $300,000 to develop, launch, and market the Nifter™ platform.

What is Nifter™, and how does it benefit artists?

Nifter™ is a music NFT marketplace that enables artists to mint, sell, and promote their music NFTs directly to fans.

What are the potential risks for ClickStream following the acquisition?

Key risks include integration challenges and reliance on the Nifter™ platform's success for generating revenue.