TORONTO, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Leading North American blockchain development firm, Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) is pleased to announce that its partner Catbotica LLC has sold out its one-of-a-kind Catbot™ NFT collection after a 10-hour public sale. The Catbot NFT collection was developed and deployed using BCF’s technology for generative NFT creation and Catbotica’s hand-drawn digital art assets. The sale generated total proceeds of 1,124ETH, or approximately CAD$3.9 million at current prices. In consideration for its assistance with the CATBOTICA™ NFT drop, BCF has been paid a portion of the revenue from the sale, and will also be allocated a minority equity interest in Catbotica LLC, a company formed for the purpose of managing Catbotica's ongoing development and NFT efforts.
At a total count of 12,000 NFTs, Catbotica’s unique, hand-drawn Catbot collection attracted NFT and animation enthusiasts almost immediately after the presale launch on January 14, 2022 and concluded within 10 hours of the public sale opening on January 19, 2022.
“We are so thrilled at the results and so very proud of our team. Catbotica is geared to make its mark on the metaverse. This is the first big step on our road to the fully-immersive Catbotica universe. The care that went into the Catbots™ is astonishing. There are over 450 hand-drawn assets in over 9,000 layers used to create the Catbots, meaning each one will be completely unique. It's been a great journey to work with the artists and team, and we've solidified our partnership into the future. We're glad you're here to join us,” said Jin K. Kim, CEO of Catbotica.
Each Catbot NFT features different gaming elements including power units, external sensors and accessories that will directly influence their in-game strengths and weaknesses. The Catbotica metaverse game is being developed by Crystallized Games, the indie game company responsible for Relic Raiders and AEW Elite General Manager.
BCF worked closely with Catbotica and its parent company Genesis Arc LLC to deliver the technical components of the launch, such as the minting site, NFT generation and smart contracts using its NFTGen technology pipeline. “Catbotica is another example of the evolving skillset and capabilities of our team. BCF's robust IP portfolio including NFTGen enabled us to bring this complex offering to market very quickly. This is our second unique drop in two weeks and the fifth drop that we have been involved in. Catbotica is a top-tier team and we're grateful to be a partner. We look forward to continued success with the Catbotica team,” said Dan Wasyluk, CEO of Blockchain Foundry.
The Catbotica project is supported by a variety of organizations, including Blockchain Foundry, Motiontonic, Shelly Palmer Group, Crystallized Games, Sovren Ventures, and Don Porfirio.
ABOUT CATBOTICA
CATBOTICA™ is on the Ethereum blockchain and dropped its debut collection of 12,000 NFTs on January 19, 2022 which sold out in 10 hours. Unlike many other NFT projects that rely solely on AI, each CATBOTICA NFT features unique hand-drawn elements. In fact, there are over 450 hand-drawn assets in over 9,000 layers used to create the Catbots, meaning each one will be completely unique. This initial drop of Catbots serves as a starting point for all the evolutions that future CATBOTICA properties build on, including true 3D NFTs, an open-world game, and metaverse token objects. Follow as the roadmap is unveiled, more at CATBOTICA.com
About Blockchain Foundry Inc.
Blockchain Foundry develops and commercializes blockchain-based business and consumer solutions, with a focus on infrastructure for digital assets and NFTs. BCF also provides blockchain consulting services to corporate clients.
Blockchain Foundry Contact Information:
Sebastien DiMichele
Marketing Director
(818) 697-6962
sdimichele@blockchainfoundry.com
Forward-Looking Information
Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact, including, but not limited to, BCF completing any drawdowns on the equity facility and the terms of each drawdown. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.
Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies, including, but not limited to, the ability of BCF to complete any drawdowns on the terms described herein or at all. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
