Graph Blockchain Inc. announced on 16 August about signing a Letter of Intent to acquire Cyberanking Ltd. for a purchase price of 1,500,000 Canadian dollars.
Graph Blockchain commenced by adding that the acquisition was aligned to the company’s interests to expand into different industry verticals. The firm had announced hiring Esports Capital Corp. to assist in identifying esports and gaming opportunities that would complement the core technology. Graph Blockchain summarized that the esports industry represents a global opportunity that is growing at a rapid pace.
Jeffrey Stevens, CEO of Graph Blockchain cited –
“Implementing Graph Blockchain’s private blockchain solutions with Cyberanking LMS will address the need for data integrity and/or security of players’ personal data, rankings and scores. It is important to recognize the synergies and added value that Graph can bring to Cyberanking specifically through its ability to provide the tools to elevate its service offering above its various competitors.”
Graph Blockchain informed that Cyberanking is a gamified Learning Management System company focused on the esports industry. The blockchain firm further added that its core technology and platform focuses on aspects of cognition within the vertical of the esports industry. Graph Blockchain noted that Cyberanking’s Learning Management System delivers dynamically tailored and organized content with a specific focus.
With Adam Morrison to be appointed as the Chief Operating Officer, Jeffrey expressed enthusiasm to have Adam join on the management team. He opined that there were not many public company officers with the depth of esports and gaming experience that Adam holds. Jeffrey summarized that Adam’s knowledge and contacts would prove to be invaluable as they build out this new division.
Co-Founder of cryptocurrency indices provider AltDex, Tom Stankewicz, reported about the launch of industry-first benchmark blockchain gaming index. Tom conveyed that the launch of the industry’s first benchmark index was well-timed. He noted that the objective of this offer would be on coins and tokens of blockchain projects, directly related to gaming or esports.
As an eyeopener to its activities, Graph Blockchain develops leading-edge private blockchain business intelligence and data management solutions. The firm is a leader in the graph database technology space. Graph Blockchain has secured multiple development contracts with multi-national companies and works across client acquisitions as a full enterprise product.