Victory Square Technologies (VST.C) signed a letter of intent to sell some of their intellectual property to Cloud Nine Education Group (CNI.C) today, according to a press release.
The company has spent years looking for the best and brightest in the blockchain space, and have been busy building a portfolio of stockpile of applications and IP while waiting for the right time to bring them to market. The company believes that now, with bitcoin breaking new ground every few weeks, is the time. They might be right.
“The acquisition of these assets from VST will equip Cloud Nine to be at the forefront of the latest technology, enabling it to deliver unique products and services within the Blockchain sector. Our Company is very pleased with this important acquisition from Victory Square who has an outstanding reputation in the tech, blockchain and crypto sectors,” said Kant Trivedi, Cloud Nine Board Member.
Victory Square’s primary value proposition involves building, acquiring and investing in startups, offering management advice and resources to assist with fast-tracking growth. Their portfolio includes 20 global companies in various tech-spaces, such as artificial intelligence, virtual and augmented reality, and blockchain.
The acquisition will give Cloud Nine certain assets from Victory Square including a handful of cryptocurrency specific program, presently out there to be used or launching soon. These include:
- 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.
Shares are flat on the news and VST is trading at $0.71.