11:28:07 EDT Fri 12 Jul 2024
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Codebase Ventures Inc (2)
Symbol CODE
Shares Issued 46,123,011
Close 2022-03-18 C$ 0.10
Market Cap C$ 4,612,301
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Codebase Ventures launches new company identity

2022-03-21 10:45 ET - News Release

Mr. George Tsafalas reports


Codebase Ventures Inc. has rebranded as Cypher Metaverse Inc., which better represents its updated investment thesis.

Working extensively with the company's advisers to shape the investment thesis and identify key early-stage investments, including those within the DeFi (decentralized finance) and metaverse ecosystems, leadership determined that the company would be better suited to an identity that aligns with those investments.

Cypher investment thesis

The rapid development in blockchain technology within the financial sector and the emergence of decentralized finance have allowed millions of previously unbanked and underserviced populations to take part in the new decentralized financial system. Similar to how the Internet drastically changed the way humans interacted and did business with one another in the late 1990s, Cypher believes DeFi and blockchain technology will do the same for finance in the near future.

In response to its company thesis, Cypher has begun accumulating key investments in some of the largest DeFi protocols in the ecosystem. With these investments, Cypher anticipates the ability to profit, and hopes to position the company to have the ability to participate in the governance decisions within these protocols, shaping the future of DeFi as it matures.

As global companies such as Meta Platforms pivot toward focusing on developing the metaverse, Cypher's technology advisers have identified and initiated discussions around key investments of strategic assets within the metaverse. Cypher's anticipated investments will be guided by the ability to secure exclusive rights to assets within the metaverse, all with the capacity to build, explore and create new partnerships and opportunities within the space.

About Cypher Metaverse Inc.

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

We seek Safe Harbor.

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