Blockchain
Agtech’s JV Partner City Farm Industries Signs MOU Agreement for Another $2.5m Investment
Newport Beach, California–(Newsfile Corp. – October 5, 2021) – Agtech Global International Inc.’s (OTC Pink: AGGL) (Agtech) (name change to Galexxy Holdings in process) Joint Venture partner, City Farm Industries (CFI), has signed an MOU dated September 29, 2021, for a $2.5 million Joint Venture investment with a private investor, to kick start its large-scale greenhouse Hemp CBD cultivation program on its 1600-acre leasehold property in the Central Valley of California.
This $2.5 million additional investment is on top of the $10 million staged capital investments planned by AGGL to expand the Agtech-CFI joint venture’s production capacity of multi-span, climate-controlled greenhouses to 320,000 square feet, in 80,000 square feet “POD” configurations.
The investor and CFI will form another Joint Venture company, to be owned 75% by the investor and 25% by CFI. CFI will provide a sub-lease to the new joint venture to accommodate one large-scale POD comprising of eight greenhouses that will total 80,000 square feet. CFI shall provide the new joint venture with the first two greenhouses, that were recently received from China and investor shall assist in the installation for operations to commence as soon as possible. Investor will then place new greenhouse orders through CFI to increase CFI’s capacity. The joint venture sub-lease shall be for 2 years unless mutually extended.
The new Joint Venture investment enables CFI’s early development of an additional 80,000 square feet of greenhouse capacity that can produce 28,000 lbs of CBD flower per year with an expected market value of $8.4 million. Agtech holds the Option to acquire CFI.
Agtech’s CEO, Ross Lyndon-James stated, “This new investment for CFI is complimented by Agtech’s recently acquired Blockchain advanced operating system which provides the Agtech-CFI joint venture with the advantages of a fully encrypted CBD seed to sale tracking capability, necessary regulatory compliance and detailed supply chain controls.”
Agtech Global International Inc. (to be known as Galexxy Holdings Inc.) is a soil to sale CBD manufacturer and online marketing company that is publicly traded on OTC Markets Pink (OTC: AGGL). Based in Newport Beach, California, the recent restructuring of Agtech has included a change of control and a name change. Agtech has applied to FINRA to approve the name change and obtain a new trading symbol.
Agtech Global International Inc.
Ross Lyndon-James
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Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
Digital Payment Gateway Market
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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