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iMining Technologies Inc. Enters the MetaVerse and Becomes a Publicly Listed Web3.0 Company
Vancouver, British Columbia–(Newsfile Corp. – December 15, 2021) – iMining Technologies Inc. (TSXV: IMIN) (the “Company” or “iMining“) is pleased to announce that it has become a publicly traded Web3.0 company, involved in virtual currency mining, digital asset staking and trading. In addition to its current operations, iMining has entered into a Letter of Intent (“LOI”) with 1850142 Ontario Inc. (the “Seller”), for iMining to acquire the Seller’s assets which include digital land in the Decentraland Metaverse (the “Transaction”). Through this acquisition, iMining is purchasing land in the Metaverse to develop the future of work and how organizations, professionals and employees will interact and work together going forward. This transaction will also provide iMining with a collection of 16 NFT assets of Crypto Kitties and NBA Top Shots.
IMIN will acquire the Assets in consideration of CAD $300,000 payable upon receipt by IMIN of regulatory acceptance of the transaction, and the issuance and delivery of 2,500,000 common shares of IMIN (the “Shares”) at a deemed price of $0.12 per share. The Shares will be subject to a four-month hold period, after which escrow conditions will apply whereby the shares will be released as to 25% every 3 months.
With this acquisition, iMining will complete the puzzle and will have developed an infrastructure to become a Web3.0 technology company. Web3.0 is the next evolution in computing and information technology, after the transition from Web1.0 to Web2.0, as early-stage applications of this technology are already here. Web3.0 will bring together the convergence of Augmented and Virtual Reality technology, IOT devices, distributed ledger technology (blockchain), Artificial Intelligence and Machine learning.
Web3.0 is a decentralized method of accessing the information on the Internet and it is built using the blockchain technology. Currently, large corporations and entities hold the data and information which is provided by individuals. However, in the new age of Web3.0, it is believed that the information and data will be held on the blockchain and individuals will control their own data. This way the benefits will be shared with the entire community rather than just the owners of the technology.
“We are on the cusp of major technological transformation and some people are oblivious to it entirely. The advent of new technology or the evolution of existing technologies, which changes how people interact with no clear future impact, is intimidating initially. However, we at iMining are working with our strategic partners to provide our investors and clients with an end-to-end solution so they can easily participate in the growth of Web3.0 and benefit from it,” said Khurram Shroff, President and CEO of the Company. “Web3.0 will entirely change how people interact with technology and with each other. This is an exciting time and I remain confident that iMining is positioned as thought leaders to assist this entire industry grow. iMining has established itself to provide public market investors exposure to Web3.0, the next evolution of Internet.”
About Web3.0:
Web3.0 is the third generation of internet services for websites and applications that will focus on using a machine-based understanding of data; the goal of Web3.0 is to create more intelligent, connected, and open websites. Web3.0 is the most recent evolution of the internet. Web3.0 is built largely on three new layers of technological innovation; edge computing, decentralized data networks and artificial intelligence, and will allow the user and machines to interact with data and other counterparties via a peer-to-peer network without the need for third parties. This will result in a human-centric and privacy preserving computing platform for the next wave of the web.
About iMining Technologies Inc.
iMining is a publicly listed Web3.0 technology company developing technology for Proof of Stake (“POS”) infrastructure on Ethereum, Cardano, Avalanche and Solana Blockchains and investing in revenue-generating crypto and blockchain assets linked to Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial, an ATM Network and crypto OTC Platform.
With diverse blockchain investment and infrastructure solutions, iMining will be a leader in accelerating the growth of Web3.0 for the enterprise market. The Company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.
ON BEHALF OF THE BOARD
Signed “Khurram Shroff“
Khurram Shroff, President & CEO
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: [email protected]
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935
Evan Eadie, Corporate Development
Email: [email protected]
Telephone: (604) 602-4935 ext. 203
Toll Free: 1-866-602-4935
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107660
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MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond
SINGAPORE, April 29, 2024 /PRNewswire/ — MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong’s Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.
The core of the partnership revolves around MetaComp and its affiliates’ commitment to make HGI’s cryptocurrency spot ETFs available, through MetaComp’s proprietary Client Assets Management Platform, also known as CAMP by MetaComp, utilizing its technological and market expertise to introduce these products under the appropriate regulatory framework to Singapore investors and beyond. This initiative not only aims to expand the global footprint of HGI’s ETFs but also allows MetaComp and its affiliate to enrich its wealth solution portfolio with highly sought-after financial products.
In addition to the crypto-ETF distribution, the collaboration will also explore opportunities for the integration of HGI’s various asset management solutions into MetaComp’s service offerings. MetaComp will also provide HGI access to its Digital Payment Token suite of services. Through the strategic collaborative efforts by both companies, they are hoping to forge a symbiotic relationship that will allow both companies to leverage on their strengths.
The alignment with HGI allows MetaComp to tap into the scale and expertise of a leading global financial player, significantly enhancing its service capabilities and market reach. This partnership is designed to serve not just the existing clientele of both entities but also to capture new segments eager for advanced financial solutions across traditional finance and crypto finance.
Dr Bo Bai, Chairman and Co-Founder of MetaComp shared: “This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial. With Harvest’s expertise in asset management and MetaComp’s robust capabilities in providing a comprehensive suite of digital payment solutions, we are poised to deliver unparalleled value to our clients and the market.”
For more detailed information on this partnership and to stay updated on future developments, please visit www.mce.sg.
About MetaComp Pte Ltd (www.mce.sg)
MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.
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Dripos, a pioneering player in the FinTech realm catering specifically to coffee shops, has achieved a significant financial milestone by closing an $11 million Series A funding round.
Base10 Partners, a renowned venture capital firm, took the lead in spearheading this investment round.
Dripos has established itself as a standout entity in the FinTech landscape, offering a robust software solution tailored to streamline the intricate operations of coffee shops. Its integrated platform facilitates a wide array of functions, including point-of-sale (POS) systems, mobile payment processing, and comprehensive workforce management.
The freshly secured funds are earmarked for further technological advancements and expansion efforts in the market. Dripos aims to solidify its position in the coffee shop industry by enhancing its current services and venturing into new markets. This strategic allocation of capital underscores Dripos’ unwavering dedication to innovation and its core mission of simplifying business operations for coffee shop owners nationwide.
Dripos has demonstrated remarkable growth and garnered strong market adoption. Over the past year alone, the number of coffee shop locations leveraging Dripos’ services has surged by an impressive 400%, with a presence now spanning 46 states and processing hundreds of millions in transactions. This expansion underscores the platform’s efficacy in meeting the unique needs of its clientele by offering a comprehensive suite of tools that cater to every aspect of coffee shop operations.
Jack Pawlik, Co-founder & Co-CEO of Dripos, emphasized the company’s transformative impact, stating, “Dripos is not merely a product but a revolution in how coffee shops operate. We’re replacing outdated multi-software systems with a single, efficient platform that enhances overall productivity and customer satisfaction.”
Dripos has previously attracted attention from prominent investors within the FinTech and coffee shop sectors, including Michael Siebel of Y Combinator and Shyam Rao, founder of Punchh.
Caroline Broder, Principal at Base10 Partners, highlighted the strategic alignment of investing in Dripos with their focus on automating the real economy. She emphasized that the platform not only reduces operational burdens for coffee shop owners but also enhances their capacity to provide exceptional service.
Source: fintech.global
The post Dripos Secures $11 Million Investment to Transform Coffee Shop Management appeared first on HIPTHER Alerts.
Encompass Corporation, a leading UK regtech firm, has recently announced the promotion of Stuart Barnard, formerly the VP of finance and business operations, to the esteemed position of Chief Financial Officer (CFO).
In this newly created role, effective as of this month, Barnard will assume full responsibility for overseeing the global finance and business operations of the KYC solution provider. His duties will encompass leading various critical functions within the firm, including legal affairs, finance, human resources, revenue operations, IT infrastructure, and information security.
Barnard’s journey with Encompass began in 2016 when he joined as the Head of Finance for the company’s division in Sydney, Australia. After demonstrating exceptional leadership and strategic acumen, he transitioned to the role of VP of Finance at the company’s London office in late 2018. His dedication and contributions culminated in his well-deserved promotion to CFO in December 2022.
Wayne Johnson, co-founder and CEO of Encompass, expressed his confidence in Barnard’s capabilities, emphasizing the vital role he has played in executing the company’s strategic objectives thus far. Johnson also commended Barnard for his ability to attract and nurture a diverse and high-performing team.
Barnard’s promotion comes at an opportune time for Encompass, coinciding with the recent appointment of Neil Acworth as Chief Information Security Officer (CISO) last month. Additionally, the company has been actively expanding its portfolio through strategic acquisitions, including the recent acquisitions of CoorpID and Blacksmith KYC from ING in January.
Source: fintechfutures.com
The post Encompass Corporation Elevates Stuart Barnard to CFO from VP Role appeared first on HIPTHER Alerts.
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