- CurrencyWorks Inc. (CWRK) has sold its interest in sBetOne Inc. to VON Republic, an esport reward and peer to peer betting platform
- CurrencyWorks has exchanged its shares in sBetOne for shares in VON Acquisition
- The company will continue to provide licensing, technical, and ongoing support services to VON Republic
- CurrencyWorks is a full-service blockchain platform provider
- CurrencyWorks Inc. (CWRK) opened trading at $2.55 per share
CurrencyWorks Inc. (CWRK) has sold its interest in sBetOne Inc. to VON Republic, an esport reward and peer-to-peer betting platform.
VON (Victory or Nothing) Republic will leverage the assets of sBetOne and the expertise of CurrencyWorks to further build out its rewards and gaming capabilities using blockchain technologies.
Cameron Chell, Executive Chairman of CurrencyWorks, commented on the agreement.
“This is a validation of a part of the CurrencyWorks platform to develop blockchain-based technologies and sell them and ongoing licensing and service fees,” he said.
On August 12, sBetOne entered into a business combination agreement and merged with VON Acquisition.
Now, CurrencyWorks has exchanged its 5,902,174 common shares in sBetOne for 5,902,174 common shares in VON Acquisition. The transaction cost $0.10 per share, a total value of $590,217.
The company will continue to provide licensing, technical, and ongoing support services to VON Acquisition.
VON Republic is developing and owns and operates a proprietary online social gaming platform that offers gamers the ability to earn VON Coins by completing in-game achievements.
VON Citizens can then use their hard-earned VON Coins to bid on daily auctions, competing in real-time with other gamers and their Von Coin hoards on mobile, desktop, or Xbox.
CurrencyWorks is a full-service blockchain platform provider.
CurrencyWorks Inc. (CWRK) opened trading at $0.65 per share.
