cyios-corp-announces-the-acquisition-of-nft-platform-company-randombly-–-ibs-intelligence

back
Back

CYIOS Corp announces the acquisition of NFT platform company Randombly

By Edlyn Cardoza

Today

  • Asset Management
  • Blockchain
  • CYIOS Corp

CYIOS Corp, Randombly, NFT, Ethereum, USACYIOS Corp, a publicly traded holding company with subsidiary business focused on crypto-lending, crypto-trading and NFT’s recently announced it has closed the acquisition of NFT platform company Randombly. The acquisition was done as an all-stock deal with CYIOS acquiring 100% Randombly in exchange for a sub 5% minority stake in the Company. Randombly is a NFT Platform enabling minting and trading NFT’s utilizing Ethereum and ERC721 smart contracts.

Mr. John O’Shea, Chairman of Cyios Corp commented, “We are very pleased to have closed the acquisition of Randombly. The Randombly platform offers unique features and the ability to mint a wide range of digital art and collectibles into NFT’s, including images, audio, 3D art, videos, crates, bundles and more. Utilizing Ethereum and the ERC-721 Non-Fungible and ERC1155 Multi-Fungible Token Standard smart contracts, Randombly enables artists, investors, collectors and publishers to mint, auction, and house their digital art, all in one place. Beta testing on the platform is underway, with security audits for the site, platform and smart contracts to be completed prior to launch, which is anticipated to be early December. The platform allows the Company to build its own user base and tap into the rapidly expanding NFT marketplace. Randombly will add another layer to the ecosystem being developed by CYIOS Corporation by bringing a NFT platform that can be utilized by its customers that will be trading on the crypto-exchange platform. This brings together the trading, lending, and minting/NFT process. The future tokenization, fintech, and NFT lending in development, CYIOS is creating a complete solution within the crypto community on a global scale.”

Alex Perez, CEO and Founder of Randombly stated, “Randombly is incredibly excited about becoming a wholly owned subsidiary of CYIOS Corporation, joining Helio Lending to add another key component to their crypto ecosystem. Randombly will be the NFT component to the lineup that includes a crypto exchange as well as crypto lending platform to form a trifecta of incredible offerings on a global basis. One of the most exciting aspects of the acquisition will be the wide array of NFT options available. From art to real estate and almost anything in between, this platform will not only allow minting and sales, but the added value of being able to lend against NFT’s as the assets they are, all on the ETH blockchain.”

“In addition to launching the NFT platform, the company is preparing to release some highly coveted, never before released assets and IP from the world of Super Hero Entertainment in partnership with one of the most notable and recognized names in the industry. Additional details of this special NFT collection and partnership will be forthcoming.  The partnership includes minting individual characters, along with IP rights for future commercial use,” concluded Mr. O’Shea.


Previous Article

Airwallex raises additional US$100m in Series E1

Read More

Next Article

Today

HAYVN announces closure of series A funding round

Read More

IBSi Prime News

Monday

November 22, 2021

Asset Management

The Monday Roundup: what we are watching this week | Nov 22nd

Read More

  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team

Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage

Subscribe Now

Other Related News

Majic reports first consolidated financials with revenues of 6.28m in revenues & 173m in Assets

Read More

LenDenClub and Samir Kochhar collaborate to spread investor awareness

Read More

Ault Global Holdings announces completion of $200m At-The-Market Capital raise

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More

US Financial Services Technology Report 2021

£1,500 / year

Know More

The Future of Digital Banking Report 2021

£1,500 / year

Know More

Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More

Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More