Proactive Investors - Run By Investors For Investors

New cannabis-focused social network launches on Metaverse's Nuvo blockchain platform

Highmiles is a social community geared toward cannabis users who will be able to rate products, review new businesses and discuss various topics related to marijuana
Originally focused on crypto-mining, the Vancouver company has diversified by developing and administering tokens and digital assets

Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Wednesday that its partner Cannadex Labs Inc is launching Highmiles, a new social community on the company’s Nuvo blockchain network.

Highmiles is a social community geared towards the lifestyles of cannabis users where users can rate pot products, review new businesses and discuss various topics related to marijuana.

Vancouver-based Metaverse, formerly Global Blockchain, partnered with Cannadex in May 2019 in an agreement that sees Metaverse transferring all work products and assets of the Laser inter-blockchain protocol to Cannadex in exchange for 25% equity.

READ: Metaverse Capital says first round of its MVU sports betting token offering set to begin on Monday

Cannadex’s founder Steven Dryall was instrumental in helping to develop the Nuvo blockchain network. The company plans to use Laser’s technology stack in a new iteration of Nuvo that will serve as a platform for a commodities spot market, anticipated to launch in 4Q 2019.

"After the federal legalization of cannabis in Canada in 2018, we have seen an incredible growth of interest on the subject across the country, but a lack of corresponding support from the major media channels -- including social media networks,” said Cannadex’s Dryall in a statement. “Highmiles will nicely complement the Cannadex Exchange, which we are still on track to launch before the end of 2019."

Highmiles users will be paid in NUVO tokens, according to Metaverse. The Nuvo network boasts over 45,000 active accounts from around the globe.

"We are thrilled to see the Nuvo blockchain network continue to grow; both in terms of its user base and having a third community launched on it,” said Metaverse’s CEO Shidan Gouran.

“Between these communities, and the Cannadex Exchange operating on the Nuvo blockchain network, these developments reflect very well on the Nuvo blockchain as a technology.”

READ: Global Blockchain Mining to change name to Metaverse Capital

According to Gouran, the Nuvo blockchain network will likely see additional applications and communities on it later in 2019.

Metaverse also said that the second round of the initial exchange offering for NUVO blockchain currency concluded on May 22. The NUVO token will be listed on the Probit exchange once a listing date is confirmed with Probit, according to Metaverse.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full FORK profile View Profile

Metaverse Capital Corp Timeline

Related Articles

Phone and laptop with images of people and social media graphics
May 29 2019
The company’s business-to-business social network is the fastest growing digital marketing, e-commerce platform in the cannabis industry
Greenhouse full  of plants
February 01 2019
The global marijuana market is projected to reach an eye-watering US$58.90 billion between 2018 and 2023
electric vehicle charging
January 04 2019
AMP wants to add 25 sites in Greater London and extend its reach into the North-West around Liverpool and Manchester

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use