Mr. Cameron Chell reports

RESTAURANT.COM SELECTS CURRENCYWORKS TO DEVELOP CELEBRITY NFT CHEF PLATFORM

Currencyworks Inc. has signed a memorandum of understanding (MOU) with Restaurant.com Inc. (owned by RDE Inc.) pursuant to which the parties have agreed to work together to develop and build a non-fungible token (NFT) platform for celebrity chefs, brands, restaurants and personalities unique to the restaurant/hospitality industry and Restaurant.com.

Pursuant to the terms of the MOU, Currencyworks has agreed to build the customized, white-labelled Restaurant.com platform through the foodiesNFT community, subject to regulatory compliance, for a minimum cost of $250,000 (U.S.), to be paid upon the achievement by Currencyworks of certain milestones in cash and/or equity considerations at a ratio to be determined and mutually agreed upon by the parties. Currencyworks and Restaurant.com have also agreed to a revenue share arrangement, as well as a joint marketing and advertising budget. The MOU is for a term of 60 days, after which the parties plan on entering into a definitive agreement with respect to the project.

Founded in 1999, Restaurant.com is a pioneer in the restaurant deal space and the United States' largest restaurant-focused digital deals brand, delivering an ultrafast, relevant, accurate and user-friendly restaurant metasearch engine delivering a unique cross-platform experience. The initial focus of the Restaurant.com platform is expected to be on celebrity-chef-related NFTs, inclusive of unique cards, videos, experiences, exclusive recipes and more, and is anticipated to include the participation of restaurants, vendors, suppliers, and hospitality brands utilizing NFT promotions and couponing.

"We're excited to use the endless possibilities of NFTs to highlight the genius behind the celebrity brands, restaurants and personalities at Restaurant.com," said Ketan Thakker, chief executive officer of Restaurant.com. "We're excited to work with Currencyworks, a pioneer in the NFT space, to help us to enable culinary fans to own an original digital asset such as an original recipe, menu or food photography. There is literally no limit as to the ways NFTs can be sliced and diced."

"We are honoured to be working with Restaurant.com, who are true visionaries in their industry. NFTs are a great vehicle to generate buzz and awareness around just about any unique digital asset," said Cameron Chell, chairman of Currencyworks. "The creativity that can be extrapolated with these digital assets and shared with Restaurant.com's fanbase has no limits. There are so many use cases, just like the early days of the Internet -- we haven't even begun to realize the potential of NFTs."

About Currencyworks Inc.

Currencyworks is a publicly traded company that builds and operates financial technology platforms for digital currencies, digital assets and security tokens.

We seek Safe Harbor.