Mr. Dan Beck reports
BLOCKMINT TO EXPAND CRYPTO PORTFOLIO WITH NEW INITIATIVES
Blockmint Technologies Inc. has shared with shareholders some of the initiatives that the company has been exploring over the past few months.
The re-election of Donald Trump in the United States and his pledge to establish a strategic national crypto stockpile and create a crypto advisory council have energized global interest in the crypto and defi space. Given this new favourable environment, the company intends to explore ways to leverage its existing crypto infrastructure, proprietary crypto software and intellectual property to take advantage of emerging opportunities in the crypto industry to enhance shareholder value.
Blockmint has been active in the cryptocurrency sector since its inception in 2018. It has developed a number of innovative, cutting-edge crypto products such as its proprietary Minter browser, which enables a more decentralized deployment of blockchain-based applications by allowing users to use their spare computing power to mine cryptocurrencies. The company has also been an active crypto-miner and holds an inventory of bitcoin from its prior mining operations. Blockmint is considering expanding its crypto portfolio by purchasing additional BTC or other cryptocurrencies for staking and to offer shareholders indirect exposure to crypto assets (similar to MicroStrategy's holdings of BTC). In addition, the company is exploring various opportunities for the tokenization of real-world assets, including currencies, commodities, art and equities. The asset tokenization market is expected to grow exponentially, with a report by Boston Consulting Group and ADDX projecting it to reach $16-trillion (U.S.) by 2030.
Blockmint's chief executive officer, Dan Beck, commented: "In our view, the incoming U.S. administration and their positive stance on crypto has created a backdrop that we believe is incredibly bullish for our sector. It will accelerate the institutional acceptance of crypto currencies as a legitimate and desirable asset class. Notably, the [Securities and Exchange Commission] approved several U.S.-listed BTC ETFs this year, and we expect more such milestones in the coming years. Crypto is no longer a fad, but an established branch of global finance -- a far cry from only a few short years ago.
"With these changes in mind, we have begun to explore the possibility of adopting a business model similar to MicroStrategy's bitcoin investment model but for other blockchain currencies. We are exploring acquiring tokens for platforms such as Dogecoin, Avax and Sonic (formerly Fantom). We believe that the potential for the creation of an access product for these or other emerging protocols can serve as a means of value creation for our shareholders. As has been our long-standing practice, the company will provide shareholders with timely updates of any developments if and when appropriate."
About Blockmint Technologies Inc.
Blockmint operates a Carbon Tokens Market website, which was created to be a single source of information on the expanding carbon token market; and operates the Minter browser, which enables a more decentralized deployment of blockchain-based applications by allowing users to use their spare computing power to mine cryptocurrencies to earn either carbon credits to help offset their carbon footprint or fractional ownership in a non-fungible token.
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