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Cloud Nine Web3 Technologies Inc
Symbol CNI
Shares Issued 16,787,047
Close 2021-04-20 C$ 2.19
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Cloud Nine forms partnership with Next Decentrum

2021-04-20 14:19 ET - News Release

Mr. Sefton Fincham reports


Cloud Nine Web3 Technologies Inc. has formed a strategic partnership with Next Decentrum Technologies Inc., a technology start-up focused on education and emerging technologies.

The global art market was valued at over $67-billion (according to Statista). Non-fungible tokens are disrupting both markets and paving the way for artists and creators to earn more from selling and reselling their art.

The move comes following the company's announcement last March of Next Decentrum's release of an education platform and several educational programs including the Quick & Dirty Guide to Blockchain and The Quick & Dirty Guide to NFTs, which received great interest from the market.

"We are very pleased to announce our partnership with the Next Decentrum team as part of Cloud Nine's plans to expand its strategic exposure to emerging technologies," said Sefton Fincham, president of Cloud Nine. "We believe Cloud Nine is positioned to capitalize on the dominance of emerging technologies, and working with the team at Next Decentrum will create significant opportunities in the marketplace, which will be key to achieving our long-term goals."

The strategic partnership aims to capitalize on the significant growth and media attention the NFT art market has experienced most recently, selling more than $216-million in the past 30 days alone, accounting for almost 50 per cent of the total volume of all NFTs sold according to NonFungible.com.

"Beyond the hype, NFTs are fundamentally a technology innovation that solves problems affecting the music, art and content creation industries," said Hussein Hallak, chief executive officer of Next Decentrum. "Through this continuing partnership with Cloud Nine, we aim to help artists and content creators capitalize on the unique opportunity made possible due to intersection of education and technology."

Since 2018, Next Decentrum has:

  • Built several blockchain education programs including The Quick & Dirty Guide to Blockchain and The Blockchain Business Masterclass;
  • Managed the development and delivery of the education program of Launch, one of North America's top tech hubs and start-up incubators, with over 6,000 founders incubated and over 500 start-ups that raised over $730-million;
  • Built several content platforms and technology products;
  • Developed and delivered premier blockchain education programs for Informa, the world's largest events producer, with several thousand events annually welcoming 150,000 delegates in over 70 countries.

About Cloud Nine Web3 Technologies Inc.

Cloud Nine is a technology company focused on incorporating emerging technologies into its current platforms leveraging Web 3.0. Cloud Nine's mission is to fuel innovation and make the future more accessible by powering the launch and growth of future tech companies. Web 3.0 enables a future where decentralized users and machines are able to interact with data, value and other counterparties through a substrate of peer-to-peer networks without the need for third parties.

We seek Safe Harbor.

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