CurrencyWorks NFT Platform Update
12 Março 2021 - 11:15AM
CurrencyWorks Inc. (“CurrencyWorks” or the “Company”), (TSXV: CWRK
and OTCQB: CWRK) a financial technology blockchain pioneer and
alternative digital payments provider today announced an update to
its NFT platform and proprietary NFT payment platform to include
amongst other security, transaction speed and settlement features
the ability to utilize Bitcoin and Ethereum as payment methods for
its NFT customers.
A pioneer in the space, CurrencyWorks provided
blockchain integrated and payment services in the classic 27-hour
$100,000 Sell-Out of the Garbage Pail Kids NFT launch for the Topps
company. The Garbage Pail Kids Series 1 inventory of NFT digital
collectibles consisted of packs of 5 cards for $4.99 and 30 cards
for $24.99 as digital trading cards, which can be held in digital
wallets or traded.
The CurrencyWorks offering has expanded
capabilities in design, build, launch, management, community
development, and most critically payments processing with its
robust yet simple KYC AML infrastructure, offering end-to-end
capabilities for NFT partners. These updates can support partners
ranging from sports teams and leagues through to the music and
entertainment industry to established household brands and even to
the art world who is embracing NFT’s as evidenced by the recent
$69.3 million sales of Beeple’s “EVERYDAYS: The First 5000 Days”
NFT auctioned by the storied Christie’s auction house.
Cameron Chell, Chairman of Currency Works said,
“We believe Digital Collectibles are a new and powerful asset for
any brand to engage customers plus fans and increase and drive
transactions within a brand’s community. Our product update
addresses the exponential growth of the space and the current
growing pains in the industry, especially regarding payment
processing, KYC AML, and the battling bots flooding demand. We
believe our platform and experience offers needed solutions for
this rapidly growing industry and look forward to announcing
partnerships in both NFT creation, trading, and payment
support.”
About The Topps Company
The Topps Company, Inc. is the preeminent
creator and brand marketer of physical and digital sports cards,
entertainment cards and collectibles, and distinctive confectionery
products. Since 1938, Topps trading cards have become synonymous
with Major League Baseball, Star Wars, WWE, Garbage Pail Kids, and
other major sports leagues and iconic entertainment properties.
Garbage Pail Kids is a series of sticker trading
cards produced by the Topps Company. Originally released in 1985
and designed to parody the Cabbage Patch Kids dolls, which were
popular.
About CurrencyWorks
CurrencyWorks Inc. (TSXV: CWRK and OTCQB: CWRK)
is a publicly-traded company that builds and operates FinTech
Platforms for Digital Currencies, Digital Assets, and Security
Tokens.
For more information on CurrencyWorks, please
visit us at www.currencyworks.io. For additional investor info
visit www.currencyworks.io or www.sedar.com and www.sec.gov
searching CWRK.
Media ContactArian Hopkinsarian@currencyworks.io
Company ContactBruce Elliott, PresidentPhone:
424-570-9446Bruce.elliott@currencyworks.io
Disclaimer for Forward-Looking Statements
This news release contains “forward-looking
statements.” Statements in this news release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things: that the Company’s platform is ready and able
to support brands and their NFT’s with end to end capability.
The material assumptions supporting these
forward-looking statements include, among others, that there will
be no material variations in current regulatory environments in
which the Company operates; the perceived benefits from the
Company’s blockchain solutions will be as expected; and the Company
will be able to obtain any necessary financing on acceptable terms.
Although management considers these assumptions to be reasonable
based on information currently available to it, they may prove to
be incorrect. These forward-looking statements are only predictions
and involve known and unknown risks, uncertainties and other
factors, including: the risk that the Company will be unable to
efficiently build the blockchain solutions; the risk that there may
be negative changes in general economic and business conditions;
the risk that the Company may have negative operating cash flow and
not enough capital to complete the blockchain solutions; the risk
that the Company may not be able to obtain additional financing as
necessary; the risk that there may be increases in capital and
operating costs as a result of working on the blockchian solutions;
the risk that the blockchain solutions may be subject to fraud and
other failures; the risk that there may be technological changes
and developments in the blockchain that make the blockchain
solutions obsolete; risks relating to regulatory changes or actions
which may impede the development or operation of the blockchain
solutions; the risk that other competitors may release similar
blockchain solutions; and other general risks involved in the
blockchain solutions.
Any of these risks may cause the Company’s
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Further, although the Company has
attempted to identify factors that could cause actual results,
levels of activity, performance or achievements to differ
materially from those described in forward-looking statements,
there may be other factors that cause results, levels of activity,
performance or achievements not to be as anticipated, estimated or
intended. These forward-looking statements are made as of the date
of this news release, and the Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States and Canada.
Although the Company believes that any beliefs, plans, expectations
and intentions contained in this news release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. The Company does not assume
any liability for disclosure relating to any other company
mentioned herein.
Neither 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.
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