Agoracom Blog

Victory Square Technologies $ $VSTQF Signs Letter of Intent to Sell Desktop Miner, MicroBlock Miner and Crypto Wallet to Cloud Nine Group $ $ $ $

Posted by AGORACOM at 10:27 AM on Tuesday, February 16th, 2021
VST Victory Square
  • Victory Square will receive 4.4m common shares in the capital of Cloud Nine for a transaction consideration of $6m
  • Cloud Nine will receive certain assets from $, including Desktop Crypto Miner, MicroBlock Miner and Crypto Wallet for Desktop & Mobile

VANCOUVER, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: digital health, gaming, blockchain, AR/VR, cybersecurity, and cloud computing, is pleased to announce that it has signed a letter of intent to sell certain intellectual property assets (the “Transaction”) to Cloud Nine Education Group Ltd. (“Cloud Nine”)(CSE:CNI) (OTC: CLGUF).

“We’ve spent the last six years connecting with and investing in some of the brightest and disruptive minds in the blockchain space; quietly building up a stockpile of applications and IP while waiting for an inflection point to start unleashing these applications to market,” said VST CEO Shafin Diamond Tejani. “We believe that the inflection point is now, and have found a strong team led by Kant Trivedi, with the capital and network opportunities to commercialize some of this IP.”

Through the Acquisition, Cloud Nine will receive certain assets from Victory Square, including the following products currently deployed in the marketplace or launching soon:

Desktop Crypto Miner – Patent pending user-based miner for household use
MicroBlock Miner – ‘Crypto-in-a-box’ gives users a plug-and-play way to participate in mining Bitcoin, Ethereum and other Altcoins.
Crypto Wallet for Desktop & Mobile – Crypto credit card and banking services on desktop, mobile and hardware wallets.

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