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CurrencyWorks is investing an additional $850,000 in its Zer00™ crypto mining platform through a services and loan agreement with Fogdog Energy Solutions. The Zer00™ system utilizes thermal treatment of Industrial and Municipal Solid Waste to generate energy, aiming to create an environmentally sustainable crypto mining solution. The investment reflects the growing demand for blockchain-based innovations, particularly in the NFT market, now valued at $2.5 billion. Fogdog will provide access to clean electricity generated from the thermal units in exchange for the loan.
CurrencyWorks has successfully divested its interest in SBetOne to VON Republic, allowing the company to offload approximately CAD$824,000 in convertible debt. In exchange for its shares in SBetOne, CurrencyWorks received shares in VON Acquisition valued at CAD$590,217 and now holds an 8% ownership stake. Furthermore, the company will provide technical support to VON for a monthly fee of $16,500. This move reinforces CurrencyWorks' commitment to blockchain technologies and positions it for future growth through shared initiatives.
CurrencyWorks is finalizing preparations for its first online NFT sales drop on Motoclub.io. This platform, a joint venture with Barrett-Jackson, targets automotive collectors. The initial NFT launch in June generated over $65,000. The first series will include 25 NFTs featuring vehicles from Barrett-Jackson's Las Vegas Auction, available in randomized packs. Executive Chairman Cameron Chell highlights this initiative as a significant revenue stream. Future sales are planned in alignment with Barrett-Jackson's calendar.
CurrencyWorks Inc. (CSE: CWRK) has successfully closed a registered direct offering of 4,687,500 shares and warrants, raising $3.75 million in gross proceeds. Each share and warrant was priced at $0.80, with the warrants exercisable at $1.00 per share over five years. The funds will be used for general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent. The offering was conducted under a previously declared effective registration statement with the SEC.
CurrencyWorks Inc. (CSE: CWRK, OTCQB: CWRK) announced a presentation at the Sequire Blockchain Conference scheduled for July 15, 2021, at 5:30 pm EST. Executive Chairman Cameron Chell will present, expressing honor in speaking alongside prominent blockchain leaders. The event will showcase over 15 leading companies and industry experts discussing blockchain and cryptocurrency.
For registration and more info on CurrencyWorks, visit www.currencyworks.io.
CurrencyWorks, a blockchain platform provider, is hosting a shareholder update call on July 15, 2021, at 1:00 p.m. (PST). Executive Chairman Cameron Chell will discuss the company's projects, including the global NFT platform VUELE featuring Anthony Hopkins' film ZERO CONTACT, and the success of Motoclub's NFT sale at Barrett-Jackson. The call will also address pre-submitted and live questions. CurrencyWorks aims to enhance its blockchain services and pursue a senior listing.
CurrencyWorks Inc. (CSE: CWRK) has announced a securities purchase agreement with institutional investors to offer 4,687,500 shares of common stock and warrants for an estimated gross proceeds of $3.75 million. The offering price is set at $0.80 per share with warrants exercisable at $1.00, expiring in five years. The transaction is expected to close around July 14, 2021, pending customary conditions. The proceeds will primarily serve general corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent for this offering.
CurrencyWorks Inc. (CSE: CWRK, OTCQB: CWRK) has entered a memorandum of understanding with the International Motorsports Hall of Fame (IMHOF) to develop NFTs on the motoclub.io platform. This collaboration aims to create NFTs based on historical motorsport memorabilia curated by IMHOF, enhancing fan engagement and preserving motorsport history. CurrencyWorks will provide a customized NFT platform, recouping development costs through initial and secondary market sales. The partnership is seen as a natural evolution in extending motorsports' legacy through digital collectibles.
CurrencyWorks Inc. (CWRK) has launched the VUELE™ platform, a revolutionary NFT feature-length film distribution system developed in partnership with Enderby Entertainment. This unique platform allows users to own and trade exclusive digital film content as NFTs, enhancing audience engagement through additional features like behind-the-scenes content. VUELE aims to meet the rising demand for digital movie content and is set to debut a lineup of films by the end of 2021. Industry leaders view blockchain technology as a promising avenue for the film sector's evolution.
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