Mycotopia Therapies Announces Ei.Ventures Acquires 12x12 Estate in The Sandbox in Anticipation of PSLY.COM Launch Post-Merger with Mycotopia Therapies in Q1 2022

Rhea-AI Summary

Mycotopia Therapies (TPIA) announced the acquisition of a 12x12 estate in The Sandbox, valuing $2.2M, marking it as the third largest land sale in the Metaverse. This digital land, named PSLY.COM, reflects the synergy between Mycotopia and Ei.Ventures, aiming to blend psychedelic therapy with blockchain technology. Ei.Ventures now owns a total of 144 Sandbox plots. CEO Ben Kaplan cites a booming market, with total sales in The Sandbox reaching $211 million, and anticipates beneficial returns for shareholders from this strategic investment.

Positive

• Acquisition valued at $2.2M signifies strong market positioning.
• Synergy between Mycotopia and Ei.Ventures enhances growth potential.
• Ei.Ventures expands its digital land portfolio to 144 plots, increasing brand visibility.

Negative

• None.

Purchase to be named PSLY.COM represents the third largest land sale in the Metaverse valued at $2.2M

MIAMI, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Mycotopia Therapies Inc. (OTC Pink: TPIA) (the “Company”), a biopharma company focused on research, technology, and the development of medical psychedelics, announced today Ei.Ventures has acquired a 12x 12 estate in The Sandbox, a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain. This purchase represents the third largest land sale in the Metaverse, and is valued at $2.2M. The land will be called PSLY.COM, the name of the soon to be merged company of Ei.Ventures with Mycotopia Therapies. The transaction was the subject of a January 5, 2022 article in Forbes by A.J. Herrington titled Startup Plans Psychedelic Trips In The Metaverse With Sandbox Virtual Land Deal.

After only a week on the platform, Ei.Ventures and Orthogonal Thinker CEO David Nikzad were ready to invest in a legacy project for the combined companies’ vision of psychedelic therapy and move into the Metaverse over the next 36 months, noting, “The combination of our tech, cannabis, psychedelics, outer space, and crypto related holdings will all be utilizing this exciting space. We are very excited to invite all of our portfolio companies and investors to be part of something very special.”

Ei.Ventures now owns 144 pieces of Sandbox land that make up this 12 x 12 estate. Their neighbors include noted companies like Axie Infinity, SANDBOX, Binance and many others. PSLY.COM is now right in the middle of these disruptive giants.

Nikzad adds, “As I remember my early days as an investor going to Y Combinator, it was about looking at things that were 10B disruptive. Health and Wellness is a trillion-dollar market. As we’ve now gone through COVID and are still in the craziness of it, these technologies will become much more important as communications and how financial transactions are handled is changing,” and ends with thanks to “Blockchain.com, MetaMask, NFTTRADER and all the individuals and teams, including Ei’s co-founders, that came together to execute this transaction.”

Ben Kaplan, CEO of Mycotopia Therapies said, “Virtual land sales on the Sandbox have exploded recently and total sales between 2019 and today amount to $211 million, while the 'sand' cryptocurrency is up more than 9,000% in the last year. Blockchain technology allows users to own the content they create in The Sandbox and mint it onto non-fungible tokens, or NFTs.” Mr. Kaplan continued, “Since complex networks exist in the Metaverse without any one entity having overall control, the amount of land in The Sandbox is finite. As we work toward closing our merger with Ei.Ventures, I believe this investment in the Metaverse will prove to be very beneficial for PSLY.COM shareholders.”

You can find the Offering Circular for Ei.Ventures’ Regulation A offering here https://www.sec.gov/Archives/edgar/data/1823182/000110465921096304/tm2123436d1_253g2.htm. For more information on Ei.Ventures, please go to https://invest.ei.ventures/. For media needs, please contact Susan von Seggern at susan@ei.ventures or 213-840-0077.

About Mycotopia Therapies

Mycotopia Therapies focuses on helping you heal and reclaim your life. Your journey of healing is an understanding of the causes and works to mental wellness through psychedelic enhanced psychotherapy, integrated with a professional team of mental wellness practitioners and cutting-edge technology. Psychedelic therapy is a holistic and spiritual approach providing healing and has shown successful treatment for many years. Additional information on Mycotopia Therapies can be found on the Company’s website at: https://www.mycotopiatherapies.com.

About Ei. Ventures

Emotional Intelligence Ventures, a company dedicated to research and production of botanical psychedelics, announced a public stock offering using the Reg A+ Framework. Ei. Ventures’ main differentiator in the space is a self-imposed directive to work exclusively with non-synthetic, plant and fungi-based ingredients for both is psychedelic and non-psychedelic products. https://www.ei.ventures

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the USA FDA and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is contained under the heading "Risk Factors" in 20/20 Global, Inc.’s Registration Statement on Form F-1 filed with the Securities and Exchange Commission (SEC) on September 24, 2015, as amended, which is available on the SEC's website, http://www.sec.gov.

Contact for Mycotopia Therapies

Media Inquiries and Investor Relation:

Gabe Rodriguez

Email: Erelations@gmail.com

Phone: (623) 261-9046

FAQ

What is the significance of the $2.2M land acquisition by TPIA?

The $2.2M acquisition represents the third largest land sale in the Metaverse, enhancing TPIA's digital presence and potential revenue streams.

How will the acquisition of PSLY.COM impact Mycotopia Therapies shareholders?

The management believes that the investment in the Metaverse will provide long-term financial benefits for PSLY.COM shareholders.

What are the future plans for TPIA following the acquisition?

TPIA plans to leverage the acquired land for developing psychedelic therapy initiatives within the Metaverse, aiming for integration with broader tech and crypto ventures.

What is the current status of land sales in The Sandbox?

Total land sales in The Sandbox have reached $211 million, reflecting a strong demand and growth potential in the virtual real estate market.