Drawing on the expertise of the firm’s advisors, Codebase actively acquires assets in metaverse environments
Potential investments will include underlying metaverse currencies and real estate
Bloomberg Intelligence recently estimated that the size of the metaverse market will reach $800 billion by 2024.1
VANCOUVER, BC / ACCESSWIRE / March 2, 2022 / Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE: CODE)(FSE: C5B)(OTCQB: BKLLF) is pleased to provide an overview of its proposed metaverse investment strategy.
The company is considering an investment portfolio, focused on accumulating key investments in the DeFi ecosystem following extensive research and planning with the company’s advisors, in line with the DeFi investment thesis on the Codebase blockchain.
“The Metaverse is speculated to be the next phase of the internet that will see Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) merge with the real world.
In simpler terms, the metaverse can be thought of as a collection of interrelated virtual worlds, much like how the World Wide Web is a link of connected websites. This internet-native world could change the world from what it is today by providing an alternate digital reality where humans can “live”, work and play. It is expected to be the successor to the mobile Internet, in the same way that Web 3.0 is expected to be the successor to Web 2.0.”2
“The Metaverse and virtual reality represent immersive technologies with the potential to completely change the way we communicate, play games and even visit loved ones – and we’ve only seen this growth accelerate throughout of the pandemic,” said Jake Chernoff, Codebase Technology Advisor. “While we see these technologies developing at an accelerating rate, the Metaverse is an early-stage, unexplored industry – and the race for Metaverse superiority has only just begun.”
The ability to acquire underlying currencies and properties within the metaverse is a key strategic investment pillar for Codebase to position the company with assets in this emerging space.
About Codebase Ventures Inc.
Codebase Ventures Inc. seeks seed investments in emerging technology sectors, including the blockchain ecosystem and fintech. The Company identifies these opportunities and uses its relationships and capital to advance its interests.
For more information, please contact:
George Tsafalas – Ivy Lu
Telephone: Toll free (877) 806-CODE (2633) or 1 (778) 806-5150
Email: [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.
Certain information in this press release may contain forward-looking statements that involve important known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements regarding future financial condition, business strategy, product use, corporate vision, proposed acquisitions, partnerships, joint ventures and strategic alliances and cooperations, budgets, costs and plans and objectives of or involving the Company. This forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “forecasts”. “, “predicts”, “intends”, “targets”, “aims”, “anticipates”, “may” or “believes” or variations (including negative variations) of these words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be performed. A number of known and unknown risks, uncertainties and other factors could cause actual results or performance to differ materially from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including, but not limited to, the impact of general economic conditions, industry conditions, epidemics or pandemics such as COVID-19. 19, including the impact of COVID-19 on the Company’s business, financial condition and results of operations, lack of investor demand for bitcoin and/or bitcoin futures exchange-traded funds, and the dependence on regulatory approvals. Readers are cautioned that the assumptions used in the preparation of this information, while believed to be reasonable at the time of preparation, may prove to be imprecise and, accordingly, undue reliance should not be placed on any forward-looking statements. The Company undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws.
THE SOURCE: Codebase Ventures Inc.
See the source version on accesswire.com: