Proactiveinvestors United Kingdom Metaverse Capital Corp https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Metaverse Capital Corp RSS feed en Sun, 16 Jun 2019 04:29:19 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Global Blockchain Mining client Nuvo Cash to launch new messaging platform 'Nuvo Chat' ]]> https://www.proactiveinvestors.co.uk/companies/news/218598/global-blockchain-mining-client-nuvo-cash-to-launch-new-messaging-platform--nuvo-chat--218598.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) told investors Monday that its client Nuvo Cash, the UK social media company, will be launching a messaging platform called Nuvo Chat on April 19.

Nuvo Chat will be a decentralized platform for text and media messaging, as well as VoIP and video calling.

The user experience for Nuvo Chat will be built primarily around group discussions, similar to platforms such as Slack, Discord and Telegram. But it will operate on the Nuvo blockchain network, giving Nuvo Chat users the same protections as Nuvo-based social media communities, which focus on user privacy and immunity to censorship.

READ: Global Blockchain Mining enters deal with AmmbrTech to deploy wireless mesh network technology in northern Canada

The debut of Nuvo Chat creates value for Global Blockchain ( which is changing its name to Metaverse Capital Corp) since by operating a layer two decentralized network for both messaging and social media ( such as Nuvo) on a layer-one decentralized infrastructure network such as its partner Ammbr, a fully decentralized communications and media distribution network will be created.

“The creation of such a network stands to create substantial social benefits on a global scale by creating new opportunities, and introducing previously unknown freedoms to many regions,” according to Global Blockchain’s press release.

Global Blockchain has been working with Nuvo Cash since the end of 2018 to assist in developing the Nuvo blockchain network, which acts as the foundation for a number of blockchain-based social media networks that are resistant to censorship, and enable the users to be paid in NUVO tokens (the network's own cryptocurrency) in exchange for sharing content and voting on postings.

READ: Global Blockchain Mining concludes crowdsale for provider of 'last mile' internet access to remote regions

Global Blockchain is also administering the NUVO token sale on behalf of Nuvo Cash. The sale began on April 12 on the Korean digital asset exchange ProBit and participants in the sale can currently benefit from a purchase bonus of as much as 10%.

To date, there is one social media community on Nuvo called Jamaa, which is geared towards users in Africa, and currently has more than 15,000 users.

Just last week, Global Blockchain announced that it is changing its name to Metaverse Capital Corp. When the name change is made formal, a statement will be issued.

Global Blockchain shares closed at US$0.18 in over-the-counter trading on Friday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Mon, 15 Apr 2019 08:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218598/global-blockchain-mining-client-nuvo-cash-to-launch-new-messaging-platform--nuvo-chat--218598.html
<![CDATA[Media files - Global Blockchain spins out company and provides update on Ammbr partnership ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12900/global-blockchain-spins-out-company-and-provides-update-on-ammbr-partnership-12900.html Fri, 05 Apr 2019 17:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/12900/global-blockchain-spins-out-company-and-provides-update-on-ammbr-partnership-12900.html <![CDATA[News - Global Blockchain Mining says Paperstreet will host NUVO token crowdsale ]]> https://www.proactiveinvestors.co.uk/companies/news/215617/global-blockchain-mining-says-paperstreet-will-host-nuvo-token-crowdsale-215617.html Global Blockchain Mining Corp (CSE:FORK) said Friday that Paperstreet LLC has been picked to host the crowdsale for the NUVO token crowd sale and that whitelisting will begin on March 4.

The NUVO tokens are digital assets being issued by UK-based Nuvo Cash Ltd and will be used on social media platforms hosted on Nuvo Cash’s blockchain network.

Vancouver-based Global Blockchain announced last December that it was commissioned by Nuvo Cash to administer the crowdsale.

READ: Global Blockchain Mining says Nuvo Cash Ltd blockchain network crowdsale set for March 1

Based in San Francisco, Paperstreet is an end-to-end token sale platform and has closed eight offerings to date. Custodianship of the raised proceeds in the NUVO token crowdsale will be arranged via the Singularity Exchange.

“We are confident in Paperstreet’s ability to host the NUVO crowdsale,” said Steven Nerayoff, chairman of the Global Blockchain Mining Corp, in a statement. “Singularity’s ability to provide institutional-grade custody for digital assets, and integrate that into third-party platforms and exchanges like Paperstreet will bring a lot of changes to crypto, with custody remaining a hurdle for many players.”

Set up with a focus on crypto-mining, Global Blockchain has moved into the development and administration of launches of tokens and digital assets.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Fri, 01 Mar 2019 07:52:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215617/global-blockchain-mining-says-paperstreet-will-host-nuvo-token-crowdsale-215617.html
<![CDATA[News - Global Blockchain partner Ammbr to support Illum Applied Technologies’ blockchain energy trading marketplace ]]> https://www.proactiveinvestors.co.uk/companies/news/213422/global-blockchain-partner-ammbr-to-support-illum-applied-technologies-blockchain-energy-trading-marketplace-213422.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) said Monday that its partner Ammbr Foundation Pvt Ltd has established a partnership with Texas-based Illum Applied Technologies which will see the Ammbr mesh network used to support a blockchain-based energy trading marketplace being developed by Illum.

The Vancouver-based blockchain-focused company has secured a deal to administer the crowd sale for Ammbr Foundation’s proprietary crypto token AMR on the Singularity Exchange.

The token is the crypto asset for a blockchain-based network, which was developed by Ammbr Foundation Pte Ltd (Ammbr), for the automated buying and selling of Internet bandwidth.

READ: Global Blockchain Mining Corp says hotly anticipated AMR token crowdsale to begin today

Illum's marketplace will enable homeowners who own residential energy storage batteries to engage in energy trading through an automated exchange platform powered by blockchain technology. Battery owners will have the opportunity to charge their batteries when power is cheapest (typically at night) and use the stored power either to reduce the load on the grid or sell power back into the grid.

Illum CEO Michael Beitler said his company was “proud” to be ushering in the “future of the electric grid” with its strategic collaboration partner, Ammbr.

“Our partnership, with the use of Ammbr modular mesh routers, will give Illum the ability to create a cryptographically secure, smart city mesh or fabric over the cities where Illum, through its subsidiary, Virtual Power Plant, LLC, can deploy homeowner-owned, decentralized battery based microgrid electric systems," said Beitler in a statement.

Blockchain-based energy trading

Aside from the “positive environmental effects,” battery owners on the Illum network will have the benefit of “profiting from energy trades,” an opportunity that everyday homeowners have never had, pointed out the company. The networked group of batteries will also give battery owners access to wholesale energy prices, enabling users to save on energy costs.

With Illum operating on Ammbr's wireless mesh network, the network will benefit by having a greater user base between participants using it for Internet access, energy trading, or both. As there are other parallel use cases for decentralized utilities management outside of Internet access and energy, this development foreshadows even greater usership on the Ammbr network.

"We have long speculated that telecommunication services and electrical power are utilities, that are conceptually distributed in the same way,” said Ammbr's CEO Derick Smith. “Therefore, the tools should integrate and provide users with a consistent experience, especially in terms of the economic aspects. The partnership with Illum is giving us the material opportunity to demonstrate that."

The crowd sale for AMR on the Singularity Exchange is now entering its third week, with participation levels rising, said the company.

“It is exciting to think about what the world will be like with Ammbr's network being able to bring Internet access to all corners of the world, but it is even more exciting to think about what impact it will have for utilities such as electricity to be distributed in a similar way," said Global Blockchain CEO Shidan Gouran.

Global Blockchain Mining Corp is engaged in mining blue chip cryptocurrencies through the deployment of hardware and associated infrastructure. Investors through their investment in Global Blockchain get exposure to cryptocurrencies.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Mon, 28 Jan 2019 08:01:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213422/global-blockchain-partner-ammbr-to-support-illum-applied-technologies-blockchain-energy-trading-marketplace-213422.html
<![CDATA[News - Global Blockchain Mining says AMR crypto asset crowd sale website is now ready ]]> https://www.proactiveinvestors.co.uk/companies/news/209955/global-blockchain-mining-says-amr-crypto-asset-crowd-sale-website-is-now-ready-209955.html Global Blockchain Mining Corp (CNSX: FORK) (OTCMKTS:GBCHF) said Monday that the website for the crowd sale of AMR is now available along with a white paper on the related technology.

The crowd sale of AMR, the crypto asset of Singapore-based Ammbr Foundation Pte Ltd, will be from January 8 to March 8.

READ: Global Blockchain Technologies to launch website for the crowd sale of AMR crypto asset

In the AMR crowd sale, there will be 400 million tokens, or 20% of the total issuance of 2 billion tokens. Each token will be priced at the equivalent of US$0.025 in the accepted currencies listed on the crowd sale's website.

“We are pleased to be working with Ammbr, and we look forward to leading a successful crowd sale for them," said Shidan Gouran, president and CEO of Global Blockchain Mining, which is based in Vancouver.

He added that Ammbr has received government endorsements from Guinea-Bissau, Uganda, Sierra Leone, Guinea, Burundi and the Congo.

In exchange for its sale administration and development services, Global Blockchain Mining will be paid 241.55 million AMR tokens, as well as 10% of all proceeds from the public crowd sale.

Ammbr was formed in 2017 with the goal of combining wireless mesh and blockchain technologies to broaden the availability of internet connectivity without having to rely on telecom companies or internet service providers to build the infrastructure.

A demonstration of Ammbr's technologies will be given at the 2019 Mobile World Congress in Barcelona, Spain, from Feb. 25 to Feb. 28.


Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Mon, 26 Nov 2018 10:17:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/209955/global-blockchain-mining-says-amr-crypto-asset-crowd-sale-website-is-now-ready-209955.html
<![CDATA[News - Global Blockchain Mining revises strategy for two-tier networks ]]> https://www.proactiveinvestors.co.uk/companies/news/209218/global-blockchain-mining-revises-strategy-for-two-tier-networks-209218.html Global Blockchain Mining Corp (CSE:FORK) said Wednesday that it will operate master nodes for two-tier blockchain networks that use service nodes to provide trust services for features such as expedited transactions.

The company added that it has been looking at running a data center to provide computing power for artificial intelligence applications.

READ: Buying Bitcoin: A beginner’s guide to dealing in cryptocurrency

"A defining value of FORK, as a business, is investing in infrastructure, as opposed to speculating on assets," CEO Shidan Gouran said in a statement.

A master node is a governing hub for some cryptocurrency networks, with a node being a computer running a network. To own a master node, operators are required to commit collateral, which can be confiscated in cases of fraud, according to Global Blockchain Mining.

A service node is a connecting point for data transmission.

 

Contact Dennis Fitzgerald at dennis@proaciveinvestors.com

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Wed, 14 Nov 2018 12:16:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/209218/global-blockchain-mining-revises-strategy-for-two-tier-networks-209218.html