Baker Tilly to Assess the Arcology Network
VANCOUVER, BC, CANADA (3 June 2022) – Cypher Metaverse Inc. ("Cypher'' or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF) is pleased to provide an update from Arcology’s leadership team, as Arcology has engaged Baker Tilly WM Advisory (Baker Tilly) to review the Arcology platform. Arcology is owned by Capital Blocktech Inc., of which Cypher owns 30%.
“This engagement will help advance the Arcology Blockchain Network roll out: the technical team at the Digital Technology and Risk practice of Baker Tilly has the experience, rigor and expertise to help us move our revolutionary blockchain ecosystem forward,” said Mr. Laurent Zhang, Arcology Founder and CEO. “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 6 months at a monthly rate of $5,000 CAD.
About Cypher Metaverse Inc.
Cypher Metaverse Inc. seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The Company identifies such opportunities and applies its relationships and capital to advance its interests. www.cypher-meta.com
For further information, please contact:
George Tsafalas - Ivy Lu
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
E-mail: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
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