Codebase Ventures Inc said it has rebranded as Cypher Metaverse Inc (CSE:CODE, OTCQB:BKLLF) to better represent its updated investment thesis.
The company said it has been working to identify key early-stage investments including those within the decentralized finance (DeFi) and Metaverse ecosystems and decided on an identity that aligns with those investments. The company identifies such opportunities and applies its relationships and capital to advance its interests.
Cypher said it has begun accumulating key investments in some of the largest DeFi protocols in the ecosystem. With these investments, the company anticipates the ability to profit, and hopes to position the company to have the ability to participate in the governance decisions within these protocols, shaping the future of DeFi as it matures.
READ: Codebase Ventures launches an investment portfolio, accumulating key investments in the DeFi ecosystem
Just as how the internet drastically changed the way humans interacted and did business with one another in the late 90’s, Cypher believes DeFi and blockchain technology will do the same for finance in the near future.
Cypher’s technology advisors have also identified and initiated discussions around key investments of strategic assets within the metaverse. Cypher’s anticipated investments will be guided by the ability to secure exclusive rights to assets within the metaverse, all with the capacity to build, explore, and create new partnerships and opportunities within the space.
The company's trading symbol on the Canadian Stock Exchange (CSE) will remain CODE.
Contact the author at jon.hopkins@proactiveinvestors.com