Toronto, Ontario--(Newsfile Corp. - April 20, 2022) - Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) ("Graph" or the "Company") is pleased to announce recent operational updates for the Company and its wholly-owned subsidiaries, New World, Coin Analyser and Niftable.
Progress Highlights
- Graph Blockchain has applied to the exchange for permission to launch a share buyback program. Management believes the stock is significantly undervalued. We are hoping to obtain approval shortly.
- The New World team has been working closely with Ronaldinho in Toronto to collaborate on a joint non-fungible token (NFT). This NFT will be expected to officially launch in July with additional launches planned in June once the platform has been revamped. New World is working on many other exciting initiatives which the Company plans to provide more information on in the next coming months.
- We continue to work on the spin out of Coin Analyser and expect to file our application once the audited financial statements are completed. These will be ready at the same time as GBLC files its annual audited financials. The development team continues to work on the AI predictive model with iterations being updated. We anticipate having a preliminary model over the near term and potentially starting to trade some potential cryptocurrencies based on the initial signals.
- Following the successful launch of the One Body Village (OBV) NFT, Niftable is working closely with OBV on collaborating on some preliminary artwork that will be minted into NFTs for sale. We are targeting to launch OBV's next NFTs over the next few weeks. Furthermore, Niftable has been active in speaking with several other charities about the NFT opportunities. Niftable is participating in the CAGP National Conference on Strategic Philanthropy in June, which is expected to gain significant exposure for Niftable.
"We are very excited with the progress we are making and look forward to updating our shareholders as we continue to work on these and other exciting opportunities," said Paul Haber, CEO of the Company.
About Graph Blockchain
Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance (DeFi). Focusing on altcoins through its wholly owned subsidiaries Babbage Mining Corp., a Proof of Stake ("POS") miner, and Beyond the Moon Inc. an IDO focused company, Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. In addition, through its investment in New World, Graph is providing its shareholders with exposure to rapidly growing and emerging NFT market. Additional information on the Company is available at www.graphblockchain.com.
About New World Inc.
New World is an augmented reality art focused NFT company that allows creators, musicians, and celebrities to have access to an NFT distribution canvas to create and sell digital art. By selling digital art, artists can reach a broader market (both geographically and demographically), and as a result of the blockchain, continue to benefit financially through economic participation in future sales. New World has built this platform and has already signed such notable artists as Diogo Snow, who has produced numerous pieces for celebrity clients including Drake, and Fetty Wap, an American rapper, singer and songwriter who has over 6.5 million Instagram followers, as well as many others. For additional information on New World: http://newworldinc.io.
For further information, please contact:
Investor Relations & Communications
Michael Vasile
michaelvasile@newworldinc.io
Paul Haber, CEO
416-318-6501
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, statements regarding: the continued growth of the art-focused NFT market. Forward-looking information in this news release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the potential inability of New World to continue as a going concern; the risks associated with the blockchain and NFT industry in general; increased competition in the art-focused NFT market; the potential future unviability of the NFT market in general, and the art-focused NFT market in specific. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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