09:18:05 EDT Thu 25 Apr 2024
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Blockchain Foundry Inc
Symbol BCFN
Shares Issued 70,395,148
Close 2022-01-20 C$ 0.24
Market Cap C$ 16,894,836
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Blockchain Foundry partner sells out NFT collection

2022-01-21 09:11 ET - News Release

Mr. Dan Wasyluk reports

CATBOTICA, A 12,000 NFT COLLECTION DEVELOPED BY GENESIS ARC AND BLOCKCHAIN FOUNDRY SELLS OUT AFTER 10-HOUR PUBLIC SALE

Blockchain Foundry Inc.'s partner, Catbotica LLC, has sold out its one-of-a-kind Catbot NFT (non-fungible token) collection after a 10-hour public sale. The Catbot NFT collection was developed and deployed using Blockchain's technology for generative NFT creation and Catbotica's hand-drawn digital art assets. The sale generated total proceeds of 1,124 ETH (ethereum), or approximately $3.9-million at current prices. In consideration for its assistance with the Catbotica NFT drop, Blockchain has been paid a portion of the revenue from the sale and will also be allocated a minority equity interest in Catbotica, a company formed for the purpose of managing Catbotica's continuing development and NFT efforts.

At a total count of 12,000 NFTs, Catbotica's unique, hand-drawn Catbot collection attracted NFT and animation enthusiasts almost immediately after the presale launch on Jan. 14, 2022, and concluded within 10 hours of the public sale opening on Jan. 19, 2022.

"We are so thrilled at the results and so very proud of our team. Catbotica is geared to make its mark on the metaverse. This is the first big step on our road to the fully immersive Catbotica universe. The care that went into the Catbots is astonishing. There are over 450 hand-drawn assets in over 9,000 layers used to create the Catbots, meaning each one will be completely unique. It's been a great journey to work with the artists and team and we've solidified our partnership into the future. We're glad you're here to join us," said Jin K. Kim, chief executive officer of Catbotica.

Each Catbot NFT features different gaming elements, including power units, external sensors and accessories that will directly influence their in-game strengths and weaknesses. The Catbotica metaverse game is being developed by Crystallized Games, the indie game company responsible for Relic Raiders and AEW Elite General Manager.

BCF worked closely with Catbotica and its parent company, Genesis Arc LLC, to deliver the technical components of the launch, such as the minting site, NFT generation and smart contracts using its NFTGen technology pipeline. "Catbotica is another example of the evolving skill set and capabilities of our team. BCF's robust IP [intellectual property] portfolio, including NFTGen, enabled us to bring this complex offering to market very quickly. This is our second unique drop in two weeks and the fifth drop that we have been involved in. Catbotica is a top-tier team and we're grateful to be a partner. We look forward to continued success with the Catbotica team," said Dan Wasyluk, chief executive officer of Blockchain Foundry.

The Catbotica project is supported by a variety of organizations, including Blockchain Foundry, Motiontonic, Shelly Palmer Group, Crystallized Games, Sovren Ventures and Don Porfirio.

About Blockchain Foundry Inc.

Blockchain Foundry develops and commercializes blockchain-based business and consumer solutions, with a focus on infrastructure for digital assets and NFTs. Blockchain also provides blockchain consulting services to corporate clients.

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