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Codebase Ventures Inc (2)
Symbol CODE
Shares Issued 46,123,011
Close 2021-04-19 C$ 0.26
Market Cap C$ 11,991,983
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Codebase Ventures investee completes NFT app testing

2021-04-19 09:07 ET - News Release

Mr. George Tsafalas reports

CODEBASE INVESTEE, INSTACOIN NFT APP (UK) COMPLETES WORLDWIDE TESTING PHASE AND SUBMISSION TO APPLE STORE PLATFORMS

Codebase Ventures Inc. has provided an update on its recent investment in InstaCoin Technologies Ltd., a newly formed United Kingdom entity.

Following an extensive testing period, new non-fungible token (NFT) app InstaCoin has announced a global submission to the Apple store platforms with imminent release. The app, which promises to simplify the creation of NFT assets from a user's social media, has gone through extensive scale and blockchain testing, as well as creating full language compatibility with the Chinese markets and European block.

NFTs are the new and most popular way to sell digital content across the world. Up until now, the focus has been on large value sales; the InstaCoin app promises to bring the creation and auction element to the everyday person.

Codebase has a strong record with the founders of InstaCoin through the company's existing TRAD3R investment. Codebase is excited to expand its involvement with TRAD3R and InstaCoin, as both entities are taking an innovative approach within the blockchain ecosystem. Codebase has taken an early 50-per-cent equity position of InstaCoin, which aims to democratize NFTs rather than focus primarily on multimillion-dollar individual components.

The InstaCoin app is positioned as the world's first self-serve social NFT platform. InstaCoin will allow users to connect their social profiles to the blockchain and create instant NFT tokens from their own content. Followers and fans connect in the open market for immediate sales.

InstaCoin Technologies, a newly formed United Kingdom entity, has no relationship with any other company or crypto exchange with similar names, including Instacoin Capital Inc.

About Codebase Ventures Inc.

Codebase Ventures seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem and financial technology. The company identifies such opportunities and applies its relationships and capital to advance its interests.

We seek Safe Harbor.

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