360 Blockchain boss hails recent progress
It’s been a busy few weeks or so for 360 Blockchain and its management team
Company
CNSX:CODE
Cypher Metaverse Inc - formerly Codebase Ventures Inc - eeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The company identifies such opportunities and applies its relationships and capital to advance its interests.
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It’s been a busy few weeks or so for 360 Blockchain and its management team
It will focus efforts in the US, both for investment in and development of blockchain technologies
The Silicon Valley group uses a proprietary evaluation algorithm to enter into the most economically attractive cloud-mining contracts, said 360
Commenting on NOS Blockchain, 360 CEO George Tsafalas said: “Their advanced stage blockchain technologies are the basis of our decision to structure a joint venture and invest $100,000 at this time.”
While no definitive documentation has yet been signed, terms of the proposed acquisition include that 360 would acquire 60%
“We are thrilled to welcome Jeff to the 360 team,” said director Brian Keane
Each unit consisted of one share and one share warrant, exercisable into one company share for 10 cents
The company is completing due diligence relating to several technologies in the blockchain and cryptocurrency fields, it said