Mr. David Nikzad reports

WEB3 VENTURES PARTNERS WITH INSOMNIA LABS TO LEAD BLOCKCHAIN AND AI INNOVATION FOR ENTERPRISES AND VENTURE-BACKED BUSINESSES

Web3 Ventures Inc. has entered a new partnership with Insomnia Labs, a product consulting and solutions company, to provide blockchain and artificial intelligence (AI) services. Together, the two companies will offer cutting-edge capabilities to Web3 Ventures' portfolio companies, as well as jointly develop new venture initiatives.

Delivering innovation through AI and blockchain

This new partnership underscores Web3 Ventures' commitment to identifying and investing in transformative technologies. By leveraging Insomnia Labs' expertise, Web3 Ventures aims to drive greater efficiency, prediction capabilities, automation and customer service for its portfolio companies through AI solutions. Additionally, blockchain offerings will enable secure, transparent record keeping and operations.

"Blockchain and AI each unlock immense possibilities, but together they can truly revolutionize business possibilities," said David Nikzad, founder, chief executive officer and chairman of the board of Web3 Ventures. "We look forward to collaborating with Insomnia Labs to develop the next generation of companies and business models."

The collaboration

Insomnia Labs will provide the following services.

AI:

• AI training -- custom model development for business needs;
• Predictive analytics -- AI tools to uncover insights;
• Process automation -- streamlining operations;
• Customer service solutions.

Blockchain:

• Enterprise platforms;
• Loyalty programs;
• Supply chain optimization.

Jointly, Web3 Ventures and Insomnia Labs will also co-develop new business ideas and startups focused on decentralized and ethical AI solutions powered by blockchain.

Change of auditor

The company also announces that it has changed its auditor from WDM Chartered Professional Accountants to Reliant CPA PC, effective immediately.

At the request of the company, the former auditor resigned as the auditor of the company and the board of directors of the company appointed the successor auditor as the new auditor effective immediately.

There were no reservations in the former auditor's audit reports for any financial period during which the former auditor was the company's auditor. There are no reportable events (as the term is defined in National Instrument 51-102 (Continuous Disclosure Obligations)) between the company and the former auditor.

In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, have been reviewed by the company's audit committee and will be filed on SEDAR-plus accordingly.

About Web3 Ventures Inc.

Web3 Ventures is a diversified investment company focused on identifying, incubating, accelerating and developing world-class projects and applications for the decentralized Web.

We seek Safe Harbor.