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CurrencyWorks reported its Q3 financial results for 2021, highlighting significant growth in revenues. The total operating revenue, other income, and interest revenue reached $325,446, compared to $41,500 in Q3 2020. Despite this revenue growth, the company faced a net loss of $2,658,720, largely due to increased operational costs associated with its NFT platforms. CurrencyWorks also invested $850,000 into its Zer00 crypto mining technology. The company plans a shareholder update on November 15, 2021.
CurrencyWorks Inc. (CSE: CWRK, OTCQB: CWRK) will host a shareholder update call on November 15, 2021, at 2:30 PM MST / 4:30 PM EST. The call will feature Executive Chairman Cameron Chell and CFO Swapan Kakumanu discussing corporate updates and financials. Investors are encouraged to submit questions for the Q&A session. Recent highlights include NFT platform awards and successful sell-outs of NFT packs, showcasing the company's growth in the blockchain sector. More information can be found on their website.
CurrencyWorks (CSE: CWRK), a blockchain platform provider, announced the successful sale of the Wave 2 "Rare" NFT packs via its Motoclub platform during the Barrett-Jackson 2021 Las Vegas Collector Series. All packs, priced at $25 each, sold out within 30 minutes of the November 9, 2021, release.
Additionally, the final 20 packs from the "Epic" tier will be released on November 16, 2021, at $50 each. Executive Chairman Cameron Chell expressed optimism about the Motoclub platform's growing success.
CurrencyWorks Inc. (CSE: CWRK, OTCQB: CWRK) has announced the final drops of NFT packs for the Barrett-Jackson 2021 Las Vegas Collector Series. The Wave 2 Rare drop is scheduled for November 9, and the Wave 2 Epic drop will follow on November 16. Scarcity and scalability have been emphasized in the sales strategy, with previous drops selling out quickly. The current series will conclude, and a new one will launch in January 2022. CurrencyWorks aims to evolve its Motoclub platform post these drops, building on the success of initial sales.
CurrencyWorks Inc. (CSE: CWRK) announced the successful sell-out of its latest NFT drop from the Motoclub platform, featuring the Barrett-Jackson 2021 Las Vegas Collector Series 'Elite' packs, priced at $200 each. Released on October 26, 2021, these packs showcased iconic vehicles from the auction, including the 2015 McLaren P1 and 1957 Mercedes Benz 300SL Roadster. The sell-out indicates strong market demand, with insights valuable for scaling operations and developing a trading platform. A limited inventory will be available next month for members who missed out.
CurrencyWorks Inc. (CSE: CWRK) announced its implementation of the eco-friendly Zer00™ crypto mining platform, harnessing thermal treatment of waste to generate energy. This innovation allows the company to power up to 200 cryptocurrency mining machines at zero energy costs. The platform will process both Municipal Solid Waste and Oilfield Waste, promoting sustainability with zero emissions. Cameron Chell, the company's Chairman, highlighted the significance of this advancement in the crypto mining sector. The cryptocurrency market is projected to grow substantially, presenting opportunities for CurrencyWorks.
CurrencyWorks is set to host the welcome party for the Austin Film Festival (Oct 21-28, 2021) through its NFT platform, VUELE™. The company has successfully sold 11 ZERO CONTACT NFTs, grossing over $90,000. The NFTs include the feature film and exclusive content, generating ongoing royalties for CurrencyWorks. VUELE is a joint venture with Enderby Entertainment, marking a milestone as the first direct-to-consumer NFT platform for feature films.
CurrencyWorks announces the second NFT pack drop for Motoclub featuring the Barrett-Jackson 2021 Las Vegas Series, set for October 26, 2021. Following the success of previous drops that sold out in under an hour, this Elite tier offers only 25 packs priced at $200 each, showcasing iconic vehicles including a 2015 McLaren P1 and a 1957 Mercedes Benz 300SL. The packs include 25 unique NFTs with random contents. The company's strategy focuses on supply management to maintain value for early adopters as plans for a trading platform are underway.
CurrencyWorks (CSE: CWRK, OTCQB: CWRK) announced that Executive Chairman Cameron Chell will participate in the WSJ Tech Live event series focused on NFTs. The discussions occurring on Twitter Spaces will explore the potential of the digital market. The first event is on October 15, 2021, at 1 PM EST, followed by another on October 18, 2021. CurrencyWorks is also showcasing an NFT from the film "O CONTACT" featuring Anthony Hopkins.
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