Mr. Jordan Fried reports
IMMUTABLE HOLDINGS STRENGTHENS COMMITMENT TO HBAR ECOSYSTEM WITH ACQUISITION OF MYHBARWALLET.COM
Immutable Holdings Inc. has entered into an asset purchase agreement for the acquisition of MyHBARWallet from LaunchBadge LLC, a software engineering firm based in Citrus Heights, Calif. MyHBARWallet hosts an open-source, browser-based wallet for HBAR on the Hedera Hashgraph network.
Under the terms of the transaction, Immutable Holdings will acquire MyHBARWallet in exchange for a combination of cash and stock. LaunchBadge chief executive officer Ken Anderson and chief technology officer Ryan Leckey will continue operations and development of the product, now with the strategic support of Immutable Holdings. The acquisition is expected to be completed by Dec. 1, 2021.
"Wallets are foundational to the growth of any token-based ecosystem. We're committed to investing in and growing the HBAR ecosystem, and this acquisition is a great first step," said Jordan Fried, CEO of Immutable Holdings. "With our financial and strategic support, we believe MyHBARWallet can be one of the leading wallets in the ecosystem."
"We couldn't ask for a better partner in Immutable Holdings and Jordan Fried," said Mr. Anderson. "With Immutable's support, we look forward to making MyHBARWallet an even better experience for HBAR holders."
About Immutable Holdings Inc.
Immutable Holdings is a blockchain holding company with a mission to democratize access to Web3 and blockchain-based products and services. Founded by Mr. Fried, who is a founding team member of the $11-billion Hedera Hashgraph network, Immutable Holdings already boasts over $150-million under management and a portfolio of businesses and brands built on the blockchain ecosystem: 1800Bitcoin, Central Bank Digital Currency, HBAR Labs, Immutable Advisory, Immutable Asset Management and NFT.
About MyHbarWallet
MyHbarWallet hosts an open-source, browser-based wallet for HBAR on the Hedera Hashgraph network.
Hedera is a registered trademark of Hedera Hashgraph LLC and is not affiliated with Immutable Holdings, MyHbarWallet or LaunchBadge.
Completion of the transaction is subject to a number of conditions and there can be no assurance that the transaction will be completed as contemplated or at all.
We seek Safe Harbor.
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