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Cloud Nine Education Group Ltd (2)
Symbol CNI
Shares Issued 16,787,047
Close 2021-03-05 C$ 1.59
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Cloud Nine appoints Bains as strategic adviser

2021-03-08 11:28 ET - News Release

Mr. Allan Larmour reports

CLOUD NINE ADDS WEB3 TECH ENTREPRENEUR, PAVEL BAINS, CEO OF BLUZELLE, AS STRATEGIC ADVISOR

Cloud Nine Web3 Technologies Inc. has added blockchain expert Pavel Bains, chief executive officer and co-founder of Bluzelle Networks Pte. Ltd., as a strategic adviser.

Mr. Bains is an entrepreneur, futurist, designer and investor in exponential technologies. A contributing writer to Fast Company, Venture Beat and Forbes, Mr. Bains often speaks on panels and conferences about where digital media, finance and technology are heading.

"We are thrilled to have Pavel on board. His in-depth expertise in the space will help pave the way for our extensive roadmap of upcoming emerging technology products, including the proposed closing and launch of partner platform, Limitless Technologies, and the expansion of our partnership with Next Decentrum," said Allan Larmour, chief executive officer of Cloud Nine.

As a strategic adviser, Mr. Bains will work together with the senior team at Cloud Nine to align strategic opportunities, support future plans, and help advance Cloud Nine's ambitious innovation roadmap to capitalize on the global ed-tech market, valued at $76.4-billion (U.S.) in 2019 and expected to grow at a compound annual growth rate of 18.1 per cent from 2020 to 2027 (according to a report from Grand View Research, a market research and consulting company headquartered in San Francisco).

"It gives me great pleasure to take on this advisory role at Cloud Nine and contribute to the innovative future plans and products in the decentralized and Web3 space," said Mr. Bains.

Awarded technology pioneer status by the World Economic Forum, Bluzelle is a decentralized database that solves the security, integrity and reliability issues facing data management. Bluzelle has the backing of leading blockchain funds, NGC, Hashed and KR1, amongst others.

"With Pavel's background in consumer media and decentralized technologies, he can help shape Cloud Nine's ed-tech platform and new developments and support its efforts to pursue Web3 opportunities on a global scale," stated Mr. Larmour.

Mr. Bains is a well-recognized thought leader in the blockchain, cryptocurrency and decentralized Internet sectors. He led the successful $19.5-million Bluzelle ICO with a stellar set of team and advisers to build a decentralized database for blockchain applications.

An investor in Defi, crypto and fintech, he invested in fintech start-up Bench and virtual reality start-up VR Chat. Mr. Bains has been a speaker at conferences, including the World Blockchain Forum and BlockShow, and appears on CNBC.

A serial entrepreneur, Mr. Bains worked with Disney, Microsoft, Warner Bros. and DreamWorks, and was also the co-founder of Storypanda, a digital book platform that published critically acclaimed titles by the world's best independent authors.

In consideration of his advisory position, the company has agreed to pay Mr. Bains for a 12-month term based on milestones.

About Cloud Nine Web3 Technologies Inc.

Cloud Nine Web3 Technologies is an education-based technology company focused on incorporating emerging technologies into its current platform. Cloud Nine's mission is to fuel innovation and make the future more accessible by powering the launch and growth of technologies.

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