WonderFi Technologies Inc. and Blockchain Foundry Inc., a leading North American blockchain development company, announced a definitive agreement whereby WonderFi will acquire all outstanding Blockchain Foundry shares, Coin Journal learned from a press release.
Key benefits of the agreement
The agreement will accelerate the development of full-service Web3 initiatives through a broader development ecosystem and improved consumer channels, And increase product offerings that immediately expand to the blockchain.
This will be achieved through WonderFi’s user base on its Coinberry and Bitbuy platforms.
In addition, it will ensure material operations and consumer synergy initiatives in the blockchain complete product suite and development. Dan Wasyluk, CEO of Blockchain Foundry, commented:
We are excited to join WonderFi, the team at WonderFi has deep expertise in Web3 and can work with our current development plan. We can leverage numerous consumer and operational synergies to create more opportunities across a range of Web3 experiences.
Unique NFT launched on the market
In January this year, Blockchain Foundry launched LastKnown, an NFT marketplace and minting platform, The platform hosts unique NFT coin offerings from artists. Blockchain Foundry has deployed three series through LastKnown so far, all from well-known artists.
Learn-to-earn
In May, they launched the Beta version of Metacademy, a Educational Platform. It focuses on hands-on learning in an intuitive environment.
Metacademy teaches users how to mint coins, how to set up crypto wallets, how to transact in NFTs, how to improve their understanding of Metaverse, and the main differences between Web2 and Web3.
WonderFi CEO Ben Samaroo said:
This agreement cements WonderFi’s position as the Canadian digital asset leader. Blockchain Foundry has a proven track record of generating revenue, extensive brand partnerships, and extensive intellectual property, and is on a solid growth trajectory.
Current crypto market conditions improve the prospects for WonderFi to acquire companies such as Blockchain Foundry. They may improve upon our basic operating crypto asset trading platforms Bitbuy and Coinberry, and add a range of private emerging crypto investments, liquid digital assets and cash to WonderFi’s balance sheet.
