Toronto, Ontario – (Newsfile Corp. – August 30, 2021) – Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FWB: RT5A) (“the Company or Graph”) is pleased to announce its financial reports give statements (“FS”) and management discussions and analyzes (“MD&A”) for the year ending April 30, 2021 (“YE 2021”). All currencies are in Canadian dollars unless otherwise noted.
The company’s consolidated FS and MD&A for the year ended April 30, 2021 will be available on SEDAR at www.sedar.com under the Graph profile
Financial summary for 2021
The company reported sales of $ 433,215 in 2021 compared to NIL in 2020.
The company has also significantly improved its cash on hand, up from $ 105,252 in 2020, to $ 8,802,843.
The company has also significantly improved its total net worth of $ 11,751,841 compared to $ 137,834 in 2020.
Road to Profitability: The company made great strides during the year in transforming the business by identifying revenue opportunities in various sectors of the Decentralized Finance (“DeFi”) sector. According to Alex Tapscott of the Financial Post, the DeFi industry’s market cap increased 30x to $ 73 billion over the past year, while the total value of user deposits (Total Value Locked, or TVL) increased 100x to nearly 100 Billion US dollars.
Paul Haber, CEO of Graph Blockchain, stated, “Despite the challenges posed by the global pandemic, fiscal year 2021 was a year of transition and marked numerous milestones for Graph in building the team, raising funds and bringing global businesses to us our strategic plan. We are seeing evidence that crypto and blockchain technologies are well nearing mass adoption. Our range of products, especially POS mining, the non-fungible token business, has enabled us to enable a company transformation in global markets. “
Financial highlights from YE and follow-up events:
The company began its transformation in September 2020 with the announcement of new management.
In January 2021, the company committed to reviewing M&A opportunities in the cryptocurrency and blockchain sectors.
In January 2021, the company announced that it had a definitive share swap agreement with Babbage Mining Corp.
In February 2021, the company announced that it had completed the previously announced unmediated private placement financing for total gross proceeds of $ 2,316,000.
In February 2021, the company announced the completion of the Babbage Mining acquisition, and Graph will be the first publicly tradable Altcoin Proof of Stake (“POS”) miner to generate revenue while also having exposure to multiple top digital assets Market capitalization will provide.
In March 2021, the company announced the purchase and staking of the first two altcoins, the Cardano (“ADA Token”) and Polkadot (“DOT Token”), and became the first publicly tradable Altcoin Proof of Stake (“POS”) miner who generates revenue while getting exposure to several leading digital assets by market capitalization.
In March 2021, the company announced the completion of a $ 10 million brokered private placement.
In April 2021, the company announced $ 1,500,000 of its stake capital, of which $ 1,000,000 in the Polkadot (“DOT Token”) and $ 500,000 in the Cardano (“ADA Token”).
In May 2021, the company announced the acquisition of Beyond the Moon Inc., a provider of crypto launchpads.
In June 2021, the company announced the listing on the Frankfurt Stock Exchange, the thirteenth largest organized exchange market in the world in terms of market capitalization, turnover, profitability and the largest exchange in Germany.
In July 2021, the company announced the acquisition of New World Inc., an augmented reality art-focused non-fungible token (NFT) company that enables creators, musicians and celebrities to create and sell digital art.
In July 2021, the company announced that New World Inc. has signed several celebrities for its platform, including musician Karl Wolf, designer Gianpiero D’Alessandro, and international recording artist Mia Martina, for exclusive non-fungible tokens (“NFTs”) on New. to create World Inc. platform.
In August, the company announced that New World Inc. had successfully tested 1 million concurrent users within the app platform.
On August 25, the company completed the acquisition of Optimum Coin Analyzer.
In summary, Graph’s business model has grown over the past few quarters with the successful incorporation of Babbage Mining Corp., a Proof of Stake (“POS”) miner, Beyond the Moon Inc NFT platform, and the achievement of many milestones For the business and setting up graph for the future in decentralized finance.
The story goes on
The company continues to focus on growing its POS mining and NFTs businesses in 2021, with the company growing in the second half of 2021 with the POS of new altcoins and the signing of New World Inc. with its NFT platform from new awaits artists, musicians and celebrities.
The popularity of NFTs exploded in 2021, reaching an impressive $ 2.5 billion in sales in the first half of 2021. While NFTs are undoubtedly growing exponentially, NFTs are still very early on in adoption and have not yet caught on with collectors.
The future of altcoins is bright with the sky-high price of bitcoin, altcoins have become a viable investment option. With the scalability in altcoins or cryptocurrencies is one of the most important features, because the more scalability in these cryptocurrencies, the higher the growth rate of this cryptocurrency.
About Graph Blockchain Inc.
Graph Blockchain gives shareholders access to various areas of decentralized finance. Graph focuses on altcoins through its wholly-owned subsidiaries Babbage Mining Corp., a Proof of Stake (“POS”) miner, and Beyond the Moon Inc., offering investors exposure to the vast emerging cryptocurrency market with significant technological disruptions and potential Winning altcoins represent. More information about the company is available at www.graphblockchain.com and www.babbagemining.com.
For more information please contact:
Joshua Greenwald / Rich DiGregorio
Telephone: 646.379.7971 / 856.889.7351
Neither the Canadian Securities Exchange (the “CSE”) nor its regulatory agency (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
In general, such forward-looking information or forward-looking statements may be identified by the use of forward-looking terminology such as “plans,” “expects,” “does not expect,” “is expected,” “budget,” “plans,” “estimates,” ” predicts “,” intends “,” anticipates “or” does not expect “or” believes “, or variations of such words and expressions, or may contain statements that” might “,” might “,” would “, certain actions, events or results, “may” or “is taken,” “will continue,” “will occur,” or “will be achieved.” The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements relating to: the continued growth of the blockchain- Forward-looking information in this press release is based on certain assumptions and expected future events.These statements contain known and unknown risks Risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in such statements, including, but not limited to: the company’s potential inability to act as an ongoing concern; the New World’s potential inability to continue as a going concern; the risks associated with the blockchain industry in general; increased competition in the blockchain market; the potential future inability of the blockchain in general. Readers are cautioned that the above list is not exhaustive. Readers are also cautioned not to place undue reliance on forward-looking statements, as there can be no guarantee that the plans, intentions, or expectations on which they are set will materialize. Although management believed this information at the time of preparation, it could prove to be incorrect and actual results could differ materially from those expected.
The company undertakes no obligation to update or revise any forward-looking statements as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain material differences between actual events and such forward-looking information, unless this is required under applicable law necessary.
This press release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by the company’s management to provide an outlook for the second half of 2021 and may not be suitable for any other purpose. The financial outlook has been prepared on the basis of a number of assumptions, including the assumptions and assumptions relating to market conditions, prices and demand discussed in this news release. Actual results of the company’s operations for any period are likely to differ from the amounts disclosed in these projections, and such differences could be material. The company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is very subjective and involves numerous risks, including those discussed under the heading “Forward-Looking Statements,” it should not be relied upon as an indication of future results.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94906