Blockchain Foundry Provides Product Strategy Update

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TORONTO, June 28, 2022 (GLOBE NEWSWIRE) — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE: BCFN), a leading North American blockchain development company, is pleased to provide an update update on its product strategy and roadmap.

The Company is currently exploring four distinct product avenues, an approach that offers several advantages, including:

  • Focus on revenue-generating products that can be delivered without the need for additional funding;
  • Use a diversified approach to de-risk BCF’s product strategy and create synergies between products;
  • Relying on a wide range of blockchain protocols; select the platforms with which the Company works based on market acceptance and user adoption; and
  • Ensure that BCF products can be used on multiple platforms.

In January 2022, the company launched LastKnown, an NFT knocking platform and marketplace for unique NFT drops from a group of artists and collections. The company has rolled out three collections through the platform to date; Billion Buns, Babylon Misfits and Mutant Bio-Morphans, all from a range of award-winning artists. LastKnown is currently developing its first platform level drop which will include several new NFTs with unique utility perks, gamification mechanics, staking, a new utility token and more. LastKnown will continue to expand its platform-level features throughout 2022, including Metaverse-enabled NFTs, NFT rentals, and integrating AI and machine learning into its marketplace. further differentiating LastKnown from its competitors.

In May 2022, the company and its partner The Palmer Group launched a beta version of Metacademy, an educational learning platform focused on hands-on learning in a risk-free environment. Metacademy currently offers one course with many more in development. The course teaches users how to set up a crypto wallet; how to mint, buy and sell NFTs; the differences between Web2 and Web3; how to interact with the metaverse and understand some of its underlying technologies; and how to collect and use decentralized data. Metacademy plans to offer additional courses covering tokenomics, DAOs, decentralized identity (SSI), verifiable credentials and more.

For the remainder of 2022, BCF will focus on developing LastKnown and Metacademy, while releasing two other products: NFKeys and FoundeySwap.

NFKeys is a tokengating solution for projects and businesses to add utility and extended value to any NFT collection with zero code. NFKeys operates as a SaaS solution that simplifies the process of sourcing and redeeming NFT-based perks and benefits both in the real world, online, and in the metaverse. NFKeys allows users to use their NFTs as keys to unlock benefits from a variety of brands without ever exposing their assets to fraud or theft. The NFKeys platform will integrate tightly with LastKnown. NFKeys already has several projects in the pipeline for pilot engagements in Q3 2022.

FoundrySwap is BCF’s proprietary solution for linking tokens from Syscoin’s NEVM blockchain to its core UTXO blockchain without the need for third-party software.

Certain of the planned elements of the Company’s roadmap may be subject to regulatory review and the appropriate licenses may be obtained by BCF. The regulatory environment for certain blockchain and cryptocurrency products is changing rapidly and the Company will assess its regulatory requirements associated with any product or service.

About Blockchain Foundry Inc.

Blockchain Foundry has been developing web3 and blockchain-based products and services since 2016. BCF provides products that enable companies to quickly realize the value of blockchain technology within their organization. Blockchain Foundry offers complementary professional services to all of its products. BCF has also provided consulting services to corporate clients seeking to integrate blockchain technology into their businesses.

Blockchain Foundry contact details:

Dan Wasiluk
Chief executive officer
(647) 792-8782
[email protected]

Forward-looking information

Portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities laws, which are also referred to as “forward-looking statements”, which may not be based on historical facts, including, but not limited to: statements regarding BCF’s business strategy and objectives, and anticipated timelines for BCF’s future products. Where possible, words such as “will”, “plan”, “expect”, “target”, “continue”, “estimate”, “plan”, “anticipate”, “believe”, ” intends”, “may”, “could”, “would”, or might, and the negative of such expressions or statements that certain actions, events or results “could”, “could”, “would”, ” could” or “would” be taken, occur or be achieved, have been used to identify forward-looking information.

Forward-looking statements should not be construed as guarantees of future events, performance or results, and will not necessarily be precise indicators of when or by which such events, performance or results will be achieved, if any. Readers should not place undue reliance on these forward-looking statements, as they reflect management’s current beliefs with respect to future events and are subject to risks and uncertainties and are necessarily based on a number of estimates and assumptions which, although considered reasonable by BCF, are inherently subject to significant commercial, economic, regulatory, competitive, political and social uncertainties and contingencies, including, but not limited to, capital assets, other costs, or implied future expectations related to new products, BCF’s ability to be successful in carrying on its business, or that it will be successful in developing, marketing, or profitably operating its future products in the manner described herein, changes to the proposed structure of the products which may be necessary or appropriate due to laws or regulations applicable or as a condition of obtaining regulatory approval for the products. In addition, certain future products may require BCF to register or request an exemption from registration for which there can be no assurance that such requests will be granted or completed in a timely manner. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements.

The forward-looking statements contained in this press release are made as of the date of this press release, and BCF does not undertake to update any forward-looking statements contained or referenced herein, except in accordance with applicable securities laws.

The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “United States Securities Law”), or any state law on securities and may not be offered or sold in the “United States”. is defined in Regulation S promulgated under United States securities law, unless registered under United States securities law and applicable state securities laws or an exemption of these registration requirements is available.

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