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WonderFi Announces Closing of Coinberry Acquisition

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Vancouver, British Columbia–(Newsfile Corp. – July 4, 2022) – WonderFi Technologies Inc. (TSX: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the “Company” or “WonderFi“) today confirms that is has closed its previously announced acquisition (the “Acquisition“) of Coinberry Limited (“Coinberry“), one of Canada’s leading crypto asset trading platforms registered with the Canadian Securities Administrators (“CSA“) and Canada’s first pure-play licensed crypto broker.

“This acquisition further solidifies WonderFi as a leader amongst crypto companies in Canada, and along with our acquisition of Bitbuy, establishes a great foundation for our expansion into global markets,” commented Ben Samaroo, CEO of WonderFi. “Further, as we’ve seen over the past few weeks, the crypto market downturn has had a massive impact on the viability of unregulated crypto trading platforms and WonderFi’s value proposition as one of the few regulated crypto businesses makes us well positioned to continue our growth.”

Andrei Poliakov, CEO and Co-Founder of Coinberry, commented: “Bringing together the Coinberry and Bitbuy teams under the WonderFi umbrella has created one of the largest combined compliant and licensed crypto companies in Canada and we are keen to continue building on our common success as we expand into new markets.”

In connection with the Acquisition, the Company will employ Andrei Poliakov, in the position of Head of Brokerages of WonderFi, and President of Coinberry.

Key Transaction Benefits

  • WonderFi becomes the first company in Canada, and one of the first globally, to own and operate multiple licensed, compliant crypto asset trading platforms fully regulated by applicable securities commissions
  • Coinberry adds over approximately 225,000 users and $99.5 million of client assets under custody as at March 31, 2022, which gives the WonderFi group of companies over half a billion dollars in approximate total client assets under custody
  • With Coinberry making over 35 crypto assets available for trading on its proprietary platform, the Acquisition further expands WonderFi’s ability to offer users secure and regulated access to one of the biggest selections of crypto assets in Canada
  • WonderFi anticipates realizing meaningful cost synergies through integrating a variety of functions across the WonderFi, Coinberry and Bitbuy operations, developing cross-selling services, and continuing to innovate its suite of product offerings to drive enhanced user experience
  • Combined with its recent listing on the Toronto Stock Exchange (“TSX“), ownership and operation of multiple registered crypto asset trading platforms solidifies WonderFi’s leading market position in Canada and further strategically positions the Company to expand into international and high-growth markets

Transaction Details

Under the terms of the Acquisition, among other things, the Company acquired all of the issued and outstanding shares of Coinberry. The consideration paid consisted of an aggregate of 28,925,645 newly issued common shares of WonderFi, the majority of which were subject to certain lock-up requirements. A copy of the definitive agreement with respect to the Acquisition is available on the Company’s SEDAR profile at www.sedar.com.

Other Matters

In connection with closing, the Company will issue 500,000 common shares to each of LDL Corp. and O’Leary Productions Ltd., and 275,000 common shares to Halpern & Co. Limited, for strategic merger and acquisition services provided to the Company in connection with the Acquisition.

Additional Information
For additional information, please contact:

WonderFi Technologies Inc.
Ben Samaroo, CEO
[email protected]
(778) 843-9637

Investor Relations Contact: [email protected]

Media Contact:
Binu Koshy, Communications Director
[email protected]

Coinberry Limited
Andrei Poliakov, CEO
[email protected]
(888) 997-6544

ABOUT WONDERFI

WonderFi is a leading technology company with the mission of creating better access to digital assets through compliant centralized and decentralized platforms. WonderFi provides unified access to digital assets including crypto, DeFi, gaming and NFTs, in a compliant and regulated environment. WonderFi’s executive team and Board of Directors have an established track record in finance and crypto, with previous experience at Amazon, Shopify, PayPal, Galaxy Digital and Hut 8. WonderFi’s core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access finance in a simple, smart and secure way. For more information, visit www.wonder.fi.

ABOUT COINBERRY

With over $1 billion in crypto traded, Coinberry makes it easy and secure for Canadians to buy, trade and sell a wide range of cryptocurrencies. As a CSA and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) registered crypto trading platform, Coinberry is powered by the belief that the digital economy should be inclusive and accessible to everyone.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, or variations of such words.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to work effectively with strategic investors; the ability of the Company to realize synergies, and material adverse changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws, and compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. All values stated in this release are in Canadian dollars.

The Toronto Stock Exchange has not approved or disapproved of the information contained in this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129879

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TNC Group Announces $3.85 Million Investment Plan for NS Studio

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Toronto, Ontario–(Newsfile Corp. – July 4, 2022) – Global blockchain company TNC Group has announced its $3.85 million investment plan for game development firm NS Studio. The said investment amount will be allocated for NS Studio’s Gametree project.

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TNC Group

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TNC’s upcoming investment on NS Studio will enable the transition of Black Squad, an online first-person shooter game (FPS), into a play-and-earn (P&E) model. This is where Gametree comes into play.

As described in its whitepaper, Gametree aims to provide a “meta-NFT platform” to empower blockchain games with a feasible economic framework. Once Black Squad becomes a P&E game, players can anticipate multiple avenues to make profits. This is on top of Gametree providing a “user-friendly platform” for gamers alongside incorporating the game into the blockchain, which will ultimately lead to the fulfillment of a Web3-based gaming ecosystem.

Aside from adopting a P&E model, Black Squad will also utilize Unreal Engine 4, one of the most advanced 3D computer graphics game engines today.

TNC said:

“TNC Group is known for supporting promising companies in maximizing their potential to become a force for good in the blockchain space. Our investment in NS Studio bears testament to our goal of uniting the blockchain world through creative and relevant solutions to the greatest challenges of our time. We can’t wait to see how NS Studio will revolutionize the gaming sector with its Gametree project.”

For its part, NS Studio remarked:

“This metaverse project will be a great opportunity to showcase our capabilities to the fullest. We are currently planning to build communities and introduce various economic activities, not to mention connect with other upcoming games as well.”

Black Squad’s current version is available on the premier online game distribution platform Steam. In fact, the game is one of the top 40 games on the gaming platform. So far, it has over 30 million downloads and is accessible in 13 languages.

Contact:

Bilal Hassan
Community Executive
[email protected]
Dubai, UAE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129889

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MicroNFT (MNT) Is Now Available for Trading on LBank Exchange

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Internet City, Dubai–(Newsfile Corp. – July 3, 2022) – LBank Exchange, a global digital asset trading platform, has listed MicroNFT (MNT) on July 1, 2022. For all users of LBank Exchange, the MNT/USDT trading pair is now officially available for trading.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129843

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LBank Exchange Will List LuckyCoin (LKC) on July 4, 2022

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Internet City, Dubai–(Newsfile Corp. – July 3, 2022) – LBank Exchange, a global digital asset trading platform, will list LuckyCoin (LKC) on July 4, 2022. For all users of LBank Exchange, the LKC/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on July 4, 2022.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129844

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LBank Exchange Will List Metavie Token (METAVIE) on July 5, 2022

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Internet City, Dubai–(Newsfile Corp. – July 2, 2022) – LBank Exchange, a global digital asset trading platform, will list Metavie Token (METAVIE) on July 5, 2022. For all users of LBank Exchange, the METAVIE/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on July 5, 2022.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129760

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Polkadot Introduces Substrate Marketplace: A One-Stop Resource for Substrate Pallets

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Zug, Switzerland–(Newsfile Corp. – July 1, 2022) – Polkadot, the network protocol building true multi-chain application, is happy to announce that the Substrate Developer Hub has just received a major update aimed at improving the Substrate learning and building experience.

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Figure 1

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In addition to a completely revamped documentation experience, Polkadot also launched Substrate Marketplace, a one-stop resource for discovering the full range of Substrate pallets available for your next project. Pallets are the building blocks of Substrate’s next-generation blockchains, powerful modules and support libraries that you can use, modify, and extend to build the runtime logic to suit the needs of your blockchain.

The launch of Substrate Marketplace makes it easier than ever for developers to browse available pallets while planning their Polkadot, Kusama, or solochain project. In addition to open-source pallets natively included with FRAME, developers are now also able to browse those developed by the community and offered back to the community under various open-source licenses.

Substrate Marketplace works by sourcing pallets pushed to crates.io and runtimes from teams’ github repositories via GraphQL API. While developers can view pallets published by Parity and the community on crates.io, Substrate Marketplace provides a more tailored experience for Substrate developers building their own chain. In addition, several exciting updates are planned for Substrate Marketplace that will provide even more value-added features in the future.

For ease of browsing, Substrate Marketplace is divided into three primary sections:

1. Runtimes: discover the power of composability

There, you will be able to see examples of the business logic enabled from combining capabilities of multiple pallets. This comprehensive section contains listings of over 100 complete runtimes, including those of popular parachain projects, making it more than likely that a solution to match your needs already exists. Browse by category to find the scaffolding for your next project and see examples of how pallets are combined to create custom blockchains designed for specific purposes.

2. Pallets: pick the right components for the job

Browse through nearly 100 open source, extensible modules designed to help you leverage pre-built components for common blockchain capabilities and speed up your development process. Pallet listings are easily browsable by category and contain all existing native-FRAME pallets in addition to a wide range of pallets contributed by the community. Individual listings contain comprehensive information on licensing, Github Insights, and dependencies.

3. Projects: get inspired by others

This handy section is sure to inspire with comprehensive listings of over 120 active projects across the Substrate and Dotsama ecosystems. From DeFi to file storage, and gaming to smart contracts, the list of projects to inspire you in your own endeavors is growing day by day. Browse by category and gain access to top-level info on branches and project pages with ease.

As the range of projects and pallets associated with Substrate continues to grow, Substrate Marketplace is set to assume a crucial role in navigating the set of options available to developers of all experience levels. In addition to functioning as a valuable resource in its own right, it also shows the burgeoning power of the Polkadot community. Parity envisions that a large community of innovators, developers, startups will continue to contribute and expand the library of available modules with a growing number of both open-source and commercial pallets. Substrate Marketplace, in turn, provides a place for these teams to gain visibility on their work.

Start browsing today and discover the full range of pallets available for Substrate developers.

If your team has a pallet or runtime you’d like to feature on Substrate Marketplace and you need support, get in touch!

###

About Polkadot

Polkadot provides the technical advances necessary to make blockchain technology practical, accessible, scalable, interoperable, and future-proof, removing limitations and barriers to entry, and thereby fueling innovation, growing the decentralized technology space, and bringing the Web3 vision to life.

About Web3 Foundation

Web3 Foundation funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation’s flagship project. For more information, visit web3.foundation.

Media Contacts:

Ursula O’Kuinghttons, Director of Communications and Partnerships
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129722

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Win NFT HERO from TRON’s Metaverse Gears Up for the GameFi Stage

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Singapore, Singapore–(Newsfile Corp. – July 1, 2022) –

Figure 2

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Trailer: https://www.youtube.com/watch?v=v3cEsMIur5c

The player community has praised WIN NFT HERO’s trailer since its debut, and the most recent UI preview has further boosted player confidence in the game. The 3D models have given its art design a futuristic touch, and players can control their characters to go on endless adventures in the boundless virtual world, exploring all the fantasies.

The game features a rich character development system, allowing players to create any combination of their heroes’ classes, skills, and gear to build their own unique lineup. PvE excursions, ranked single-player PvP games, multiplayer PvP encounters, and adventures are some of the modes it offers, with its metaverse attributes potentially opening up even more gaming modes based on player demand.

The GameFi industry’s growth can be attributed to blockchain games being able to alleviate the issues that plague the traditional video game industry, such as copyright disputes, asset ownership, and fairness. Players may own their heroes, gear, and other NFT assets thanks to WIN NFT HERO, powered by TRON. The in-game NFT assets will become available for trading in the marketplace once the game is live. In addition, the blockchain’s high performance and low gas costs make it more attractive to players. Play to Earn also inspires players who earn rewards by winning fights and completing daily or event goals to enjoy the experience fully.

During the crypto bull run in 2021, we have witnessed the rise in popularity of various GameFi projects. The trading volume in GameFi-related utility tokens has reached a cumulative $480 billion, with the total player count continuing to climb.

As the metaverse keeps drawing more mainstream attention, the competition between public chains in GameFi has grown increasingly fierce. The future success of any leading GameFi ecosystem will have to be battle-tested, and the TRON ecosystem is well positioned to take on any challenges with its WIN NFT series, and this new launch, WIN NFT HERO, would be no doubt a must-play for GameFi enthusiasts.

About WIN NFT HERO

WIN NFT HERO is a “GameFi + NFT” 3D cartoon-style turn-based strategy game launching soon. WIN NFT HERO is designed to allow the exchange of various heroes and equipment on the market to acquire strong spells and skills, which players can then use to win battle rewards.

WIN NFT HERO | Twitter | Telegram | Discord

Media Contact

Billy Chen
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129721

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Virtual Pangea and Moretti Fine Art Gallery Announce Partnership to bring Old Masters Art into the Metaverse

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Blockchain innovator Virtual Pangea AG (www.virtualpangea.com)  announces its partnership with the critically acclaimed Moretti Fine Art Gallery, set to open its first virtual gallery in the company’s metaverse later in the year. The news comes as the Old Italian Masters gallery specializing in paintings and sculptures from the 14th to the 17th century, is opening today its doors to a new, refurbished space in London, 12-13 Duke Street, St. James’s.

As one of the icebreakers in its niche entering the metaverse, Moretti Fine Art Gallery will be inaugurating Block-0 – the first block of the Virtual Pangea Metaverse and the first immersive 3D & VR-ready experience coming later this year. The Moretti digital gallery will be located in this massive multistorey structure showcasing the power of NFT technology in a virtual space.

Within this space, Moretti Fine Art clients will witness history in the making, interacting, and buying NFTs of the finest art in the world. The future gallery presents an exciting opportunity for enthusiasts to enjoy art and traditional masterpieces beyond the limitations of the physical, experienced via the best technology has to offer, connecting the ‘real’ and virtual worlds like never before.

Andreea Mocanu, Business Director and cofounder of Virtual Pangea, commented: “The partnership with the Moretti Fine Art Gallery opens the door for art experts and enthusiasts, as well as curious users to enjoy and invest in masterpieces in an exciting and memorable way. We are beyond excited about the opportunity to host such a prestigious gallery in our Block-0 and we are looking forward to growing what is already looking to be a fruitful relationship.”

Fabrizio Moretti founded the Moretti Fine Art Gallery in 1999 at the age of 22, according to his latest interview for FT: “I never felt young at the time. I was ready. It helped, of course, to be in Italy. And there was [more] maturity then that is different today, perhaps the world is not tough enough anymore.” Through trial and error his decades long experience has made Moretti a master of the craft, creating one of the finest Old Masters galleries in the world.

The public can enjoy the inaugural exhibition in the gallery’s new space in London on July 1st, which will include the finest Italian paintings and sculptures, featuring works by Sano Di Pietro, Giovanni Baronzio, Nicolo dell’Abate, and Canaletto, for which the gallery is world-famous.

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LBank Announces the First Crypto Roadshow That Puts Indian Users as the Core

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Internet City, Dubai–(Newsfile Corp. – July 1, 2022) – Top cryptocurrency exchange LBank announces a prolific roadshow in India, where its team members will meet the blockchain communities and discuss the future of fintech with key players from all over India.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129586

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TURBO PAY (TBP) Is Now Available for Trading on LBank Exchange

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Internet City, Dubai–(Newsfile Corp. – July 1, 2022) – LBank Exchange, a global digital asset trading platform, has listed TURBO PAY (TBP) on June 29, 2022. For all users of LBank Exchange, the TBP/USDT trading pair is now officially available for trading.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129659

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