Blockchain
iMining Technologies Inc. Enters the MetaVerse and Becomes a Publicly Listed Web3.0 Company
Vancouver, British Columbia–(Newsfile Corp. – December 15, 2021) – iMining Technologies Inc. (TSXV: IMIN) (the “Company” or “iMining“) is pleased to announce that it has become a publicly traded Web3.0 company, involved in virtual currency mining, digital asset staking and trading. In addition to its current operations, iMining has entered into a Letter of Intent (“LOI”) with 1850142 Ontario Inc. (the “Seller”), for iMining to acquire the Seller’s assets which include digital land in the Decentraland Metaverse (the “Transaction”). Through this acquisition, iMining is purchasing land in the Metaverse to develop the future of work and how organizations, professionals and employees will interact and work together going forward. This transaction will also provide iMining with a collection of 16 NFT assets of Crypto Kitties and NBA Top Shots.
IMIN will acquire the Assets in consideration of CAD $300,000 payable upon receipt by IMIN of regulatory acceptance of the transaction, and the issuance and delivery of 2,500,000 common shares of IMIN (the “Shares”) at a deemed price of $0.12 per share. The Shares will be subject to a four-month hold period, after which escrow conditions will apply whereby the shares will be released as to 25% every 3 months.
With this acquisition, iMining will complete the puzzle and will have developed an infrastructure to become a Web3.0 technology company. Web3.0 is the next evolution in computing and information technology, after the transition from Web1.0 to Web2.0, as early-stage applications of this technology are already here. Web3.0 will bring together the convergence of Augmented and Virtual Reality technology, IOT devices, distributed ledger technology (blockchain), Artificial Intelligence and Machine learning.
Web3.0 is a decentralized method of accessing the information on the Internet and it is built using the blockchain technology. Currently, large corporations and entities hold the data and information which is provided by individuals. However, in the new age of Web3.0, it is believed that the information and data will be held on the blockchain and individuals will control their own data. This way the benefits will be shared with the entire community rather than just the owners of the technology.
“We are on the cusp of major technological transformation and some people are oblivious to it entirely. The advent of new technology or the evolution of existing technologies, which changes how people interact with no clear future impact, is intimidating initially. However, we at iMining are working with our strategic partners to provide our investors and clients with an end-to-end solution so they can easily participate in the growth of Web3.0 and benefit from it,” said Khurram Shroff, President and CEO of the Company. “Web3.0 will entirely change how people interact with technology and with each other. This is an exciting time and I remain confident that iMining is positioned as thought leaders to assist this entire industry grow. iMining has established itself to provide public market investors exposure to Web3.0, the next evolution of Internet.”
About Web3.0:
Web3.0 is the third generation of internet services for websites and applications that will focus on using a machine-based understanding of data; the goal of Web3.0 is to create more intelligent, connected, and open websites. Web3.0 is the most recent evolution of the internet. Web3.0 is built largely on three new layers of technological innovation; edge computing, decentralized data networks and artificial intelligence, and will allow the user and machines to interact with data and other counterparties via a peer-to-peer network without the need for third parties. This will result in a human-centric and privacy preserving computing platform for the next wave of the web.
About iMining Technologies Inc.
iMining is a publicly listed Web3.0 technology company developing technology for Proof of Stake (“POS”) infrastructure on Ethereum, Cardano, Avalanche and Solana Blockchains and investing in revenue-generating crypto and blockchain assets linked to Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial, an ATM Network and crypto OTC Platform.
With diverse blockchain investment and infrastructure solutions, iMining will be a leader in accelerating the growth of Web3.0 for the enterprise market. The Company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.
ON BEHALF OF THE BOARD
Signed “Khurram Shroff“
Khurram Shroff, President & CEO
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: [email protected]
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935
Evan Eadie, Corporate Development
Email: [email protected]
Telephone: (604) 602-4935 ext. 203
Toll Free: 1-866-602-4935
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107660
Blockchain
Blocks & Headlines: Today in Blockchain – May 29, 2025 (Vaulta, Fosun, Signing Day Sports, Credit Unions, Gaming Innovations)
Welcome to Blocks & Headlines, your definitive daily briefing on the latest blockchain breakthroughs, cryptocurrency developments, and Web3 innovations. In today’s edition—May 29, 2025—we explore five pivotal stories shaping the decentralized economy:
- FT Analysis: Crypto Regulation and Institutional Adoption
- Signing Day Sports Seals Deal with Blockchain Digital Infrastructure
- Vaulta & Fosun Partner to Power Hong Kong’s Blockchain Backbone
- Transforming Online Gaming: Blockchain’s Next Frontier
- Credit Unions Embrace Blockchain for Trustworthy Financial Services
This op-ed–style roundup delivers concise yet insightful coverage, critical analysis, and expert opinion on each development’s relevance within the broader blockchain and cryptocurrency ecosystem.
1. FT Analysis: Crypto Regulation and Institutional Adoption
Overview. The Financial Times reports on evolving global regulatory landscapes and their impact on institutional cryptocurrency adoption. FT highlights how major funds and asset managers navigate compliance frameworks in the US, EU, and Asia to integrate digital assets into traditional portfolios.
Source: Financial Times
Detailed Analysis. As regulators across jurisdictions craft tailored guidelines—from MiCA in Europe to the SEC’s evolving crypto classifications in the US—institutions face a balancing act between innovation and compliance:
- MiCA’s Market Integrity Measures: New EU rules mandate clear disclosures for stablecoin issuers and exchange operators, raising the bar for consumer protection.
- SEC’s Custody Interpretations: Emerging guidance on digital asset custody models, including qualified custodians versus self-custody frameworks.
- Asia’s Sandbox Approaches: Hong Kong and Singapore expand sandbox programs, offering controlled environments for DeFi and tokenization trials.
Opinion. Regulatory clarity is the linchpin for institutional inflows. While stringent frameworks may seem burdensome, they ultimately foster market confidence and prevent systemic risks. Asset managers should proactively engage with policymakers, leveraging sandbox insights to shape pragmatic, innovation-friendly regulations.
2. Signing Day Sports Seals Deal with Blockchain Digital Infrastructure
Overview. According to TradingView’s Reuters feed, Signing Day Sports has executed a definitive agreement to acquire Blockchain Digital Infrastructure, a profitable data-hosting specialist serving DeFi and NFT platforms.
Source: Reuters via TradingView
Detailed Analysis. The acquisition underscores the rising value of specialized blockchain infrastructure:
- Scalable Data Nodes: Blockchain Digital Infrastructure operates 150+ high-throughput nodes, ensuring low-latency data delivery for real-time sports NFT drops.
- Profitability Metrics: The company reported $32 million in EBITDA last fiscal year, highlighting sustainable revenue in a niche market.
- Strategic Synergies: Signing Day Sports plans to integrate hosted nodes into its upcoming sports collectibles marketplace, guaranteeing seamless token minting during high-traffic events.
Opinion. In Web3, infrastructure is the invisible backbone. For NFT marketplaces and DeFi protocols, node reliability and data throughput directly impact user experience—and ultimately, revenue. This move positions Signing Day Sports to compete at scale, setting a precedent for vertical integration in blockchain hosting.
3. Vaulta & Fosun Partner to Power Hong Kong’s Blockchain Backbone
Overview. Coindesk reports that Vaulta, a leading digital asset platform, is teaming up with Fosun International to develop blockchain infrastructure for Hong Kong’s emerging crypto hub.
Source: CoinDesk
Detailed Analysis. The collaboration aims to build secure, high-performance rails for trading, custody, and tokenization:
- Layer-1 Interoperability: Joint development of a cross-chain protocol connecting Ethereum, Binance Smart Chain, and local DLT frameworks.
- Institutional Custody Solutions: Licensed trust entities under Fosun’s umbrella will offer insured cold-storage services for professional investors.
- Regulatory Cooperation: Partnership includes a liaison with the Hong Kong SFC to ensure compliance with the new Virtual Assets Service Provider (VASP) regime.
Opinion. Asia remains a hotbed for blockchain innovation, but regulatory fragmentation poses hurdles. Vaulta’s alliance with Fosun exemplifies public-private synergy—combining local market expertise, financial strength, and technical know-how to anchor the city’s digital asset ambitions.
4. Transforming Online Gaming: Blockchain’s Next Frontier
Overview. TronWeekly examines how blockchain technologies—especially NFTs and decentralized marketplaces—are redefining online gaming economies.
Source: TronWeekly
Detailed Analysis. Key trends driving gaming’s blockchain revolution:
- Play-to-Earn Economies: Games like Axie Infinity and emergent titles use tokenized rewards and NFT-based assets to create real-world value for players.
- Decentralized Marketplaces: Platforms such as Enjin and Immutable X offer gas-free trading environments for in-game items, enhancing liquidity.
- Cross-Game Asset Portability: Standards like ERC-1155 enable items to move seamlessly between compatible titles, fostering interoperability.
Opinion. Gaming is blockchain’s killer app. Beyond speculative hype, tokenization can democratize game economies, allowing genuine ownership and secondary markets. Developers must, however, tackle scalability and user onboarding frictions—layer-2 solutions and intuitive wallets are essential for mass adoption.
5. Credit Unions Embrace Blockchain for Trustworthy Financial Services
Overview. AP’s business coverage highlights several US credit unions piloting blockchain-based platforms to enhance transaction transparency, reduce settlement times, and cut cross-border remittance fees.
Source: AP News
Detailed Analysis. Examples of credit union blockchain pilots:
- Consortium-Led DLT: A consortium of midwestern credit unions uses a permissioned Hyperledger Fabric network to settle inter-credit-union payments in near real-time.
- Remittance Solutions: Deployment of Stellar-based rails reduces remittance costs by up to 60%, benefiting diaspora communities.
- Member Identity Management: Verifiable credential systems streamline KYC processes, reducing onboarding time from days to hours.
Opinion. As community-focused institutions, credit unions can leverage blockchain to reassert their value proposition—offering cost-effective, transparent services that rival large banks and fintechs. Success will hinge on member education and seamless integration with legacy core banking systems.
Central Themes
Today’s dispatch reveals five core themes:
- Regulatory Engagement: From FT’s analysis to Hong Kong’s VASP regime, clear rules underpin institutional and retail growth.
- Infrastructure Control: Signing Day Sports’ acquisition and Vaulta’s Fosun partnership demonstrate the premium on reliable blockchain rails.
- Economic Innovation: Play-to-earn gaming and credit union pilots show tokenization’s real-world impact.
- Interoperability Focus: Cross-chain protocols and ERC-1155 standards drive seamless Web3 experiences.
- Market Confidence: Institutional adoption and compliance frameworks foster long-term trust.
Conclusion
In today’s Blocks & Headlines, we see blockchain’s evolution from experimental playground to enterprise-grade infrastructure: regulators clarify, institutions invest, communities adopt, and developers innovate. Whether you’re tracking regulatory shifts, infrastructure deals, gaming revolutions, or financial cooperatives, the decentralized ledger continues to reshape industries.
Join us tomorrow for Blocks & Headlines, where we continue to unpack blockchain’s latest breakthroughs—one block at a time.
The post Blocks & Headlines: Today in Blockchain – May 29, 2025 (Vaulta, Fosun, Signing Day Sports, Credit Unions, Gaming Innovations) appeared first on News, Events, Advertising Options.
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