The word Metaverse refers to the digital universe, which is what the blockchain ecosystem is becoming
Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) announced that it is changing its name to Metaverse Capital Corp.
The word Metaverse refers to the digital universe, which is what the blockchain ecosystem is becoming, according to the Vancouver company. When the name change is made formal, a statement will be issued.
In other news, the blockchain company said operations of its “pooling” platform for pooled masternode funding and blockchain network staking are now underway with capital contributed from customers. On top of this, the company is currently operating nodes on the Dash and Loki blockchain networks and plans to participate on several other networks as well.
This new diversified approach comes in response to improved conditions of the crypto asset markets, underscored by the reduced dominance of Bitcoin.
“The crypto asset markets have improved very favourably in 2019, and this foreshadows a good future for FORK and its shareholders” said CEO Shidan Gouran in a statement. “While our focus was once on Bitcoin, we were able to use our market intel to determine what are the most productive blockchain networks to focus on, which led us to our revised model in which we are currently seeing results.”
And its pooling platform consists of stakes in 2 Dash Masternodes (required operating collateral: 1,000 DASH coins) and 8 Loki Service Nodes (operating collateral of 27,000 LOKI coins).
Going forward, in addition to Dash and Loki, the company is also operating or plans to run on Stellar, a payments network and decentralized exchange, as well as KODAKOne, a blockchain-based image rights management platform developed by WENN Digital with guidance from the photography company Eastman Kodak that uses KODAKCoin as its digital currency.
In other advances, the company sees strong potential in running nodes on the Bitcoin Lightning network, which expedites and scales Bitcoin transactions.
Other networks in its sights include Ammbr, a wireless mesh network management platform which acts as a decentralized internet service provider as well as Elixxir, a decentralized and private communications network led by David Chaum, who is considered one of the fathers of cryptocurrencies.acts as a decentralized Internet service provider (ISP).
The Elixxir networks remains in development and the company aims to be one of the first service node operators on the network when it launches.
Also on the company’s agenda are Nuvo, a blockchain for social media networks, and Stratus, which was first developed as a standalone blockchain network for automated buying and selling of computing resources. The network is being modified to act as a layer-two marketplace that will operate on top of the Filecoin, Storj and Sia blockchain networks.
Originally founded with a focus on crypto-mining, the Vancouver company has diversified its offerings by developing and administering launches of tokens and digital assets. It’s also now using its computing power to provide the operation of masternodes and servicenodes.
On behalf of the Company:
Shidan Gouran, President and CEO
For more information please contact:
Global Blockchain Mining Corp. Investor Relations
About Global Blockchain Mining Corp.
With blockchain technology rapidly re-shaping the models of many companies, industries, and their business processes, Global Blockchain Mining Corp. (“FORK”) places a focus on the common needs of early-stage blockchain adopters. Originally founded with a focus on crypto-mining, FORK has recently diversified its offerings by placing an emphasis on professional services such as developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, FORK is also now utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes, and witnesses which are alternative methods to cryptocurrency mining for generating and acquiring digital assets. . Investors, through their investment in the Company, are provided with exposure to these tokens, cryptocurrencies and digital assets without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies and digital assets.
The Company is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “FORK”. Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company’s website at: www.forkcse.com.
Cautionary Note Regarding Forward-Looking Information
Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”,”may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed onthe forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.