06:44:40 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Orthogonal Global Group Inc
Symbol OGG
Shares Issued 122,920,145
Close 2024-01-30 C$ 0.10
Market Cap C$ 12,292,015
Recent Sedar Documents

Orthogonal advertises 4worlds metaverse, DAO

2024-01-30 11:45 ET - News Release

Mr. David Nikzad reports

ORTHOGONAL GLOBAL GROUP UNVEILS 4WORLDS: A METAVERSE UNIVERSE AND DAO ON THE BITCOIN BLOCKCHAIN

Orthogonal Global Group Inc. has created 4worlds, a metaverse universe and a decentralized autonomous organization, on the bitcoin blockchain.

The project represents an advancement in digital experiences, merging virtual reality, augmented reality and decentralized decision making. 4worlds will feature a series of 3-D-generated environments, known as Mindscapes, linked through digital portals. Mindscapes are immersive AR and VR experiences designed to augment therapy and spiritual practices.

Users will be able to design various Mindscapes and propose their inclusion in the 4worlds collective. The 4worlds DAO, operating on a democratic voting system, will oversee these additions, cultivating a diverse and rich digital universe driven by its community.

Utilizing Bitcoin Taproot assets, 4worlds will be at the forefront of DAO development on the Bitcoin blockchain. The project's communication and co-ordination layers are being developed on the Nostr social networking protocol, ensuring a decentralized and robust platform.

Once integrated into the 4worlds universe, developers will be able to monetize their Mindscapes. They also have the opportunity to expand the network by linking their creations with others through 4worlds portals, opening avenues for affiliate partnerships.

Orthogonal has formed strategic partnerships with Milo Media Technologies for this venture. Milo Media, co-founded by Orthogonal board member Shidan Gouran, specializes in developing a Nostr client and protocol for bitcoin blockchain DAOs.

"4worlds is an evolution of our previous projects, expanding our 2019 venture into the Sandbox Metaverse," said David Nikzad, chief executive officer and co-founder of Orthogonal. "We're now making a significant move into a more decentralized metaverse tailored for experiences."

Shidan Gouran, co-founder of Milo Media and Orthogonal board member, emphasized the project's innovative nature: "4worlds is a trailblazer, being among the first DAOs on the bitcoin blockchain, built on the decentralized Nostr communications layer. Its success could pave the way for future dAPP development on Bitcoin, offering a more open alternative for AR/VR, gaming and metaverse developers compared to other major platforms that already exist."

4worlds is an open, decentralized platform that aims to provide creative and therapeutic exploration opportunities in the digital landscape. This initiative highlights Orthogonal's commitment to innovation and its vision for a more interconnected, experiential digital future that is compliant with industry standards. Orthogonal is incubating 4worlds as a wholly owned subsidiary and plans to launch the 4worlds metaverse in early July, 2024.

Walid Benothman, Kevin Soltani and Philip Lord, members of Orthogonal's advisory board, will utilize their collective experience to oversee the project.

Mr. Benothman was formerly head of business development and institutional sales at The 1inch Network, the world's largest aggregator of DeFi exchanges, and was instrumental in its success. Joining Curv in 2020, he led growth and strategy for EMEA, positioning Dubai as a hub. His strategic direction led to Curv's acquisition by PayPal, a milestone in crypto acceptance. From 2016 to 2020, Mr. Benothman served as head of Europe, Middle East and African sales for the blockchain pioneer, Ripple Labs, driving pivotal initiatives in institutional sales, partnerships and go-to-market strategies, which significantly contributed to XRP's ecosystem and utility.

Mr. Soltani offers over a decade of experience in the alternative investments industry. As the founder and chief executive officer of GIMA Group Inc., Mr. Soltani specializes in blockchain, proptech, gaming/esports and the metaverse, with four prior exits and one initial public offering in the company's history. Throughout his career, Mr. Soltani actively raised funds, fostered strategic partnerships, capitalized on start-up potential and broadened market horizons.

Mr. Lord brings with him a wealth of knowledge and expertise in the web3.0 space. His extensive background as president at Oobit and an investment banker, serial blockchain investor and former non-executive director at Luna PR equipped him adeptly for steering strategic partnerships, spearheading business development and executing powerful marketing strategies.

About Orthogonal Global Group Inc.

Orthogonal Global Group is a global accelerator and public investment platform focused on accelerating and investing in the top companies and projects in disruptive industries. Orthogonal provides access to these groundbreaking companies and private projects in a public investment vehicle with liquidity and transparency. The company believes it is in the Orthogonal intersection of wellness, health care, artificial intelligence, tokenization, deep tech and fintech spaces that will move humanity toward a more utopian society.

Orthogonal remains focused on developing a utopian asset class portfolio -- a portfolio that provides investor returns and collectively bends the arc of humanity toward a utopian society through accelerating and investing in the top companies and projects in emerging industries.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.