• SkyChain Technologies (SCT) has signed a Letter of Intent (LOI) with The Embassy Visual Effects Inc.
  • The companies will work together to grow SkyRendering Technologies Inc., a separate joint venture between SkyChain and Synergy Corp.
  • Embassy will help SkyRendering provide premier visual effects rendering services to the film and entertainment industry
  • The non-binding LOI between SkyChain and Embassy outlines the principal conditions of the joint venture
  • SkyChain Technologies is a Vancouver-based company providing Blockchain Infrastructure services and power solutions
  • Skychain Technologies Inc. (SCT) opened trading at C$0.64 per share

SkyChain Technologies (SCT) has signed a Letter of Intent with The Embassy Visual Effects Inc., a visual effects studio in Vancouver, BC.

The companies will work together to develop and grow SkyRendering Technologies Inc., a separate joint venture established between SkyChain and Synergy Corp.

Under the joint venture, Embassy will help SkyRendering provide premier visual effects rendering services to the film and entertainment industry. Embassy will provide back-end technical support and personnel to the SkyRendering joint venture.

The non-binding LOI between SkyChain and Embassy outlines the principal conditions of the joint venture. The precise terms will be contained in a definitive agreement.

SkyChain Technologies is a Vancouver-based company providing Blockchain Infrastructure services and power solutions. Our vision is to become a leading player in crypto/data mining hosting by growing to 100Mw of crypto hosting capacity.

Skychain Technologies Inc. (SCT) opened trading at C$0.64 per share.

More From The Market Online

Top crypto stocks and ETFs to consider before the Bitcoin halving

Read about 10 of the highest-performing Bitcoin stocks and ETFs leading up to the cryptocurrency's April 2024 halving.

Netflix trounces subscriber growth estimates in Q1 2024

Netflix (NASDAQ:NFLX) added 9.33 million subscribers in Q1 2024, almost double the consensus forecast of analysts polled by LSEG.