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Silver Scott Mines, Inc. Signs Memorandum of Understanding With MC2, Inc.

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Silver Scott Mines (OTC PINK:SILS) has signed a memorandum of understanding with MC2, Inc. to develop blockchain-focused businesses. MC2's Crypton Media NFT platform will serve as the foundation for Silver Scott Digital's initiatives, including TrustNFT.io, a centralized blockchain NFT platform for authentication purposes. Silver Scott owns approximately 9% of MC2, Inc. The collaboration aims to reduce development time significantly, though project completion will take time. The companies plan to leverage the increasing scope and utility of NFTs to address growing digital authentication challenges.

Silver Scott Mines (OTC PINK:SILS) ha firmato un memorandum d'intesa con MC2, Inc. per sviluppare attività focalizzate sulla blockchain. La piattaforma Crypton Media NFT di MC2 servirà come base per le iniziative di Silver Scott Digital, inclusa TrustNFT.io, una piattaforma NFT centralizzata sulla blockchain per scopi di autenticazione. Silver Scott possiede circa il 9% di MC2, Inc. La collaborazione punta a ridurre significativamente i tempi di sviluppo, anche se il completamento del progetto richiederà tempo. Le aziende intendono sfruttare l'ampiezza e l'utilità crescenti degli NFT per affrontare le crescenti sfide dell'autenticazione digitale.

Silver Scott Mines (OTC PINK:SILS) ha firmado un memorando de entendimiento con MC2, Inc. para desarrollar negocios centrados en blockchain. La plataforma Crypton Media NFT de MC2 servirá como base para las iniciativas de Silver Scott Digital, incluida TrustNFT.io, una plataforma NFT centralizada en blockchain con fines de autenticación. Silver Scott posee aproximadamente el 9% de MC2, Inc. La colaboración tiene como objetivo reducir significativamente el tiempo de desarrollo, aunque la finalización del proyecto llevará tiempo. Las empresas planean aprovechar el creciente alcance y utilidad de los NFT para abordar los crecientes desafíos de la autenticación digital.

실버 스콧 마인즈 (OTC PINK:SILS)MC2, Inc.와 블록체인 중심의 비즈니스 개발을 위한 양해각서를 체결했습니다. MC2의 Crypton Media NFT 플랫폼은 Silver Scott Digital의 이니셔티브, 특히 인증을 위한 중앙 집중식 블록체인 NFT 플랫폼인 TrustNFT.io의 기반으로 사용됩니다. Silver Scott는 MC2, Inc.의 약 9%를 소유하고 있습니다. 이 협력은 개발 시간을 크게 단축하는 것을 목표로 하지만 프로젝트 완료에는 시간이 필요합니다. 두 회사는 NFT의 범위와 유용성이 증가함에 따라 강화되는 디지털 인증 문제를 해결하기 위해 노력할 계획입니다.

Silver Scott Mines (OTC PINK:SILS) a signé un memorandum d'accord avec MC2, Inc. pour développer des entreprises axées sur la blockchain. La plateforme Crypton Media NFT de MC2 servira de base aux initiatives de Silver Scott Digital, y compris TrustNFT.io, une plateforme NFT centralisée sur blockchain pour des fins d'authentification. Silver Scott possède environ 9% de MC2, Inc. La collaboration vise à réduire considérablement le temps de développement, bien que l'achèvement du projet prendra du temps. Les entreprises prévoient de tirer parti de l'ampleur et de l'utilité croissantes des NFT pour faire face aux défis croissants de l'authentification numérique.

Silver Scott Mines (OTC PINK:SILS) hat ein Memorandum of Understanding mit MC2, Inc. unterzeichnet, um blockchain-fokussierte Geschäfte zu entwickeln. Die Crypton Media NFT-Plattform von MC2 wird als Grundlage für die Initiativen von Silver Scott Digital dienen, einschließlich TrustNFT.io, einer zentralisierten Blockchain-NFT-Plattform zur Authentifizierung. Silver Scott besitzt etwa 9% von MC2, Inc. Die Zusammenarbeit zielt darauf ab, die Entwicklungszeit erheblich zu verkürzen, obwohl die Fertigstellung des Projekts Zeit in Anspruch nehmen wird. Die Unternehmen planen, den zunehmenden Umfang und Nutzen von NFTs zu nutzen, um den wachsenden Herausforderungen der digitalen Authentifizierung zu begegnen.

Positive
  • Strategic partnership secured with MC2 to accelerate blockchain development
  • 9% ownership stake in MC2 provides financial alignment
  • Reduced development time through platform utilization
  • Ready-to-deploy NFT platform foundation available through MC2's Crypton Media
Negative
  • Project timeline remains undefined
  • Development team not yet finalized

MC2, Inc Will Provide the Backbone for Silver Scott Digital Holdings

FRANKLIN, NJ / ACCESSWIRE / November 19, 2024 / Silver Scott Mines, Inc. (OTC PINK:SILS) a diversifying holding company today announced that it has signed a memorandum of understanding with MC2, Inc.

The MOU will be the basis for a broad-based agreement between the companies to build blockchain focused businesses. At its core, MC2, Inc.'s Crypton Media NFT platform will provide Silver Scott Digital companies with a head start to hit the ground running. MC2, Inc. is ready to migrate its Crypton Media platform to the Mainnet. Silver Scott Digital's TrustNFT.io will utilize the foundation that Crypton Media is built on to build a centralized blockchain NFT platform specifically for authentication purposes.

In addition to utilizing MC2 as a platform basis, Silver Scott Digital has spoken with a top-level development team to complete the necessary changes to launch TrustNFT.io. This project will take time to be fully completed, but Silver Scott Digital has reduced its overall development time significantly with this initial agreement.

Doug Williams, CEO of MC2, Inc. stated, "I have worked with Stuart Fine for many years. He has provided guidance and advice that has gotten me to the point where we will be launching our own platform very soon. He approached me with the idea of creating two specific blockchain businesses utilizing our platform. I thought it was a terrific way to show its utility and flexibility of the Crypton Media Platform. I am looking forward to expanding this relationship over the coming months and years."

Stuart Fine, CEO of Silver Scott Mines, Inc. stated, "Silver Scott Mines, Inc. has an approximately 9% stake in MC2, Inc. Utilizing their platform makes sense both functionally and financially. The overall market for NFTs has increased in scope and utility. With TrustNFT.io we have the opportunity to address problems that have become larger as the sophistication of digital tools allows for increasing criminality in far more efficient ways."

About Silver Scott Mines, Inc.

Silver Scott Mines, Inc.isa holding company with several digital assets currently being held. The company is adding healthcare technology, consumer products, and clean technology to its growing base of operations. Learn more at www.silverscottmines.com.

About MC2, Inc.

MC2, Inc is the owner and developer of Crypton Media. Crypton Media is a premium NFT application focused on emerging markets such as Sports Memorabilia, Music, and Video Licensing, and unique premium NFTs. Our technology allows for attaching a unique identifying tangible asset to an NFT. The Crypton NFT application will be available on Mac, Windows, and mobile devices. It will initially support the MetaMask wallet and operate on the Ethereum Network. We anticipate adding the Polygon network and additional wallets shortly after release. Membership and Loyalty programs for the application are in development and will utilize our Crypton Loyalty Token.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, Inc. are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.

Contact Information:

Stuart Fine
CEO
stuartfine@silverscottmines.com
908-356-9852

SOURCE: Silver Scott Mines, Inc.



View the original press release on accesswire.com

FAQ

What is the purpose of Silver Scott Mines (SILS) partnership with MC2?

The partnership aims to build blockchain-focused businesses, with MC2's Crypton Media NFT platform serving as the foundation for Silver Scott Digital's initiatives, particularly TrustNFT.io, a centralized blockchain NFT platform for authentication purposes.

How much of MC2 does Silver Scott Mines (SILS) own?

Silver Scott Mines owns approximately 9% stake in MC2, Inc.

What is TrustNFT.io's main purpose for Silver Scott Mines (SILS)?

TrustNFT.io is being developed as a centralized blockchain NFT platform specifically for authentication purposes, addressing problems related to increasing digital criminality.

When will Silver Scott Mines (SILS) launch the TrustNFT.io platform?

The exact launch date is not specified in the announcement, though the company indicates the project will take time to be fully completed.

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