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TORONTO, June 23, 2021 (GLOBE NEWSWIRE) — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) has entered into a blockchain development agreement with House of Kibaa to build an exclusive extended-reality NFT marketplace. House of Kibaa’s team brings a unique and artistic perspective to NFTs and will develop their NFT marketplace on Syscoin LUX with the help of BCF.

“We are extremely happy to be working with a blockchain solution that has been in the space since 2014. Syscoin/Blockchain Foundry’s wealth of experience not only provides us with solutions to our problems but will also help pioneer the innovation of XR NFTs,” said Jason Nguyen, CEO of House of Kibaa.

As disclosed in its press release dated April 19, 2021, the Company recently hired Fulvio Ciano to oversee all aspects of BCF’s consulting practice and associated software delivery. Since then, the Company has expanded its consulting team and reallocated other resources towards its product development initiatives. 

As augmentation continues to expand and BCF’s recent Syscoin update gains recognition in the industry, BCF has received much more attention from potential clients, acquiring new and significant partnerships, including House of Kibaa.

“Our consulting business has benefited from growing interest in new business opportunities enabled by advances in blockchain technology and increasing user awareness of its advantages,” said Mr. Ciano, head of BCF’s consulting practice. “We have seen a significant improvement in our consulting opportunities and the spectrum of projects we are engaged in.”

About House of Kibaa

House of Kibaa (houseofkibaa.com) is a digital studio that specializes in the creation of exclusive NFTs for Extended Reality (AR/VR/MR). Their studio enables users to express their own individual styles within the blockchain via an array of utilities throughout the metaverse.

About Blockchain Foundry Inc.

Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.

Blockchain Foundry Contact Information:

Dan Wasyluk 
Chief Executive Officer  
(647) 794-0994  
[email protected]

Forward-Looking Information

Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact, including, but not limited to, statements with respect to the business strategy and objectives of BCF, and the anticipated timelines for BCF’s future products. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.

Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF, are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies, including, but not limited to, capital expenditures, other costs, or implied future forecasts related to the new products, the ability of BCF to succeed in carrying out its business, or that it will be successful in developing, commercializing or profitably operating its future products in the manner described herein, changes to the proposed structure of the products that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval for the products. In addition, certain future products may require BCF to become registered or apply for an exemption for registration for which there can be no assurance that such applications will be successful 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 news release are made as of the date of this news release, and BCF does not undertake to update any forward-looking statements contained or referenced herein, except in accordance with applicable securities laws.

Forward-looking statements contained in this news release are expressly qualified by this cautionary note.

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

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