Baker Tilly will evaluate the Arcology Network

VANCOUVER, BC / ACCESSWIRE / June 3, 2022 / Cypher Metaverse Inc. (“Cypher” or the “Company”) (CSE: CODE), (FSE: C5B), (OTCQB: BKLLF) is pleased to provide an update from Arcology’s management team, as Arcology has engaged Baker Tilly WM Advisory (Baker Tilly) to review the Arcology platform. Arcology is owned by Capital Blocktech Inc., of which Cypher owns 30%.

Cypher Metaverse Inc., Thursday, June 2, 2022, press release photo

“This engagement will help advance the deployment of the Arcology Blockchain network: the technical team of the Digital Technology and Risk Practice from Baker Tilly has the experience, rigor and expertise to help us advance our revolutionary blockchain ecosystem,” said Mr. Laurent Zhang, Founder and CEO of Arcology. “The Baker Tilly team provides Arcology with a resource to independently review the system and evaluate certain key strategic business decisions. »

The engagement will initially focus on verifying the performance of Arcology’s innovative blockchain design and is ideally timed to identify and maximize Arcology’s value proposition as the Arcology Network progresses towards exiting its public Testnet. , which will provide developers and blockchain enthusiasts with the ability to interact with the latest generation of blockchain.

The Company has engaged Red Cloud Securities Inc. to provide market liquidity services for a period of 6 months at a monthly rate of CA$5,000.

About Cypher Metaverse Inc.

Cypher Metaverse Inc. seeks seed investments in emerging technology sectors, including blockchain ecosystem, fintech and metaverse. The Company identifies these opportunities and uses its relationships and capital to advance its interests.

For more information, please contact:
George Tsafalas – Ivy Lu
Business communication
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.

Forward-looking statements

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, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company’s business, financial condition and results of operations, lack of investor demand for Bitcoin futures exchange-traded funds and/or Bitcoin, and 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: Cypher Metaverse Inc.

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