23:29:47 EST Sat 04 Dec 2021
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or Name

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BlockchainK2 Corp
Symbol BITK
Shares Issued 16,250,687
Close 2021-04-19 C$ 0.96
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BlockchainK2 appoints Formoso as Amplify COO

2021-04-19 14:25 ET - News Release

Mr. Sergei Stetsenko reports


BlockchainK2 Corp. has appointed Jose Formoso as chief operating officer of Amplify Games Inc., the company's wholly owned United States subsidiary. Mr. Formoso is a gaming industry veteran, focusing on relationship building, business operations and gaming technology platforms for over 10 years. He has launched multiple innovative platforms working to solve the problems and inefficiencies in the gaming market.

As an addition to its leadership team, Mr. Formoso is expected to accelerate the development of Amplify Games. Mr. Formoso's employment agreement provides for a signing bonus of 60,000 shares of BlockchainK2, subject to the approval of the TSX Venture Exchange.

Tony Caputo, chief executive officer of Amplify Games, commented: "We are thrilled to have Jose join the Amplify Games team. Amplify Games utilizes blockchain technology to create a decentralized distribution network for digital games. The technology platform of Amplify Games will restore trust between game developers and distributors by recording sales on a blockchain. Amplify Games will also shift the definition of a successful game away from revenue and toward in-game currency value or tokenization, thereby refocusing game development efforts to benefit players."

About BlockchainK2 Corp.

BlockchainK2 is a holding company investing in blockchain technology solutions for capital markets and other sectors that can be made more efficient through tokenization. The company is currently invested in RealBlocks, a technology platform for private equity, private credit and real estate that provides tokenized secondary trading of LP interests. The company also has executed a joint venture agreement with Standard Power, an industrial-scale cryptocurrency mining facility with very low power costs in the United States.

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