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Cypher Metaverse Inc
Symbol CODE
Shares Issued 146,544,371
Close 2022-06-03 C$ 0.055
Recent Sedar Documents

Cypher Metaverse hires Baker Tilly to review Arcology

2022-06-03 10:20 ET - News Release

Mr. George Tsafalas reports

ARCOLOGY ENGAGES BAKER TILLY WM ADVISORY TO ADVANCE BUSINESS PLAN

Cypher Metaverse Inc. has provided an update from Arcology's leadership team, as Arcology has engaged Baker Tilly WM Advisory to review the Arcology platform. Arcology is owned by Capital Blocktech Inc., of which Cypher owns 30 per cent.

"This engagement will help advance the Arcology blockchain network rollout: the technical team at the digital technology and risk practice of Baker Tilly has the experience, rigour and expertise to help us move our revolutionary blockchain ecosystem forward," said Laurent Zhang, Arcology founder and chief executive officer. "The team at Baker Tilly provides Arcology with a resource to independently review the system and assess certain key strategic business decisions."

The engagement will focus initially upon performance verification of the Arcology innovative blockchain design and is ideally timed to identify and maximize the Arcology value proposition as the Arcology network advances toward the release of its public Testnet, which will provide developers and blockchain enthusiasts the ability to interact with the latest generation of blockchain.

The company has engaged Red Cloud Securities Inc. to provide market liquidity services for a period of six months at a monthly rate of $5,000.

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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