Blockchain DeFi Investment Thesis Developed with Corporate Advisors
Early-stage investments identified to position Codebase with the ability to profit from and participate in governance decisions within emerging DeFi protocols
Initial investments include metaverse assets
VANCOUVER, BC/ACCESSWIRE/February 24, 2022/Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to announce that the Company has launched an investment portfolio, accumulating key investments in the ecosystem DeFi following extensive research and planning with the firm’s advisors in accordance with Code’s DeFi blockchain investment thesis.
Blockchain Technology Decentralized Finance Investment Thesis
The rapid development of blockchain technology within the financial sector and the emergence of decentralized finance (DeFi) have enabled millions of previously unbanked and underserved populations to participate in the new decentralized financial system. Similarly, to how the internet drastically changed the way humans interacted and did business with each other in the late 90s, Codebase believes DeFi and blockchain technology will do the same for finance in the near future. to come up.
In response to their company’s thesis, Codebase began accumulating key investments in some of the biggest DeFi protocols in the ecosystem. With these investments, Codebase will not only have the ability to make a profit, but the company will also have the ability to participate in governance decisions under these protocols, shaping the future of decentralized finance as it matures. .
As public companies such as Facebook focus on developing the Metaverse, Codebase’s technology advisors have identified and initiated key investments in strategic assets within the Metaverse. Code’s investments will be guided by the ability to secure exclusive rights to assets within the metaverse, all with the ability to build, explore, and create new partnerships and opportunities within the space.
About Codebase Ventures Inc.
Codebase Ventures Inc. seeks seed investments in emerging technology sectors, including the blockchain ecosystem and fintech. The Company identifies these opportunities and uses its relationships and capital to advance its interests.
For more information, please contact:
George Tsafalas – Ivy Lu
Telephone: Toll free (877) 806-CODE (2633) or 1 (778) 806-5150
Email: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain forward-looking statements that involve important known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements regarding future financial condition, business strategy, product use, corporate vision, proposed acquisitions, partnerships, joint ventures and strategic alliances and cooperations, budgets, costs and plans and objectives of or involving the Company. This forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “forecasts”. “, “predicts”, “intends”, “targets”, “aims”, “anticipates”, “may” or “believes” or variations (including negative variations) of these words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be performed. A number of known and unknown risks, uncertainties and other factors could cause actual results or performance to differ materially from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company’s business, financial condition and results of operations, lack of investor demand for Bitcoin futures exchange-traded funds and/or Bitcoin, and dependence on regulatory approvals. Readers are cautioned that the assumptions used in the preparation of this information, while believed to be reasonable at the time of preparation, may prove to be imprecise and, accordingly, undue reliance should not be placed on any forward-looking statements. The Company undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws.
THE SOURCE: Codebase Ventures Inc.
See the source version on accesswire.com: