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WonderFi Technologies Inc. and Blockchain Foundry Inc., a leading North American blockchain developer, have announced a definitive agreement under which WonderFi will acquire all outstanding Blockchain Foundry shares, Coin Journal reports. press release.
The deal will accelerate the growth of the full-service Web3 initiative through a wider development ecosystem and improved consumer channels, adding immediate scale to Blockchain’s product offering.
This is made possible through WonderFi’s user base across the Coinberry and Bitbuy platforms.
In addition, we ensure significant operational and consumer synergies across our full suite of blockchain products and development initiatives. Blockchain Foundry CEO Dan Wasyluk commented:
WonderFi’s team boasts deep Web3 expertise and a complementary product range to combine with your current development initiatives. Leveraging the many consumer and operational synergies to create more opportunities in a variety of Web3 experiences.
In January of this year, Blockchain Foundry introduced an NFT marketplace and mining platform LastKnown. LastKnown hosts his unique NFT drop by the artist. Blockchain Foundry has so far launched three of his collections through LastKnown, all by renowned artists.
In May, we launched a beta version of Metacademy, an educational platform based on the learning-to-earning principle. The emphasis is on hands-on learning in an intuitive environment.
Metacademy teaches users how to mint, how to set up a crypto wallet, how to trade on NFTs, how to better understand the metaverse, and the main differences between Web2 and Web3.
WonderFi CEO Ben Samaro said:
The deal solidifies WonderFi’s position as Canada’s digital asset leader. Blockchain Foundry is on a great trajectory with a track record of generating revenue, his extensive brand partnerships and extensive intellectual property.
Current crypto market conditions have improved prospects for WonderFi acquisitions of companies like Blockchain Foundry. They will potentially improve upon our underlying operational cryptocurrency trading platforms Bitbuy and Coinberry and add a portfolio of private emerging cryptoassets, liquid digital assets and cash to WonderFi’s balance sheet. can do.
