- Blockchain DeFi Investment Thesis Developed with Company Advisors
- Early-stage investments identified to position Codebase with the ability to profit 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's has launched an investment portfolio, accumulating key investments in the DeFi ecosystem as a result of extensive research and planning with company advisors in alignment with Code's blockchain DeFi investment thesis.
Blockchain Technology Decentralized Finance Investment Thesis
The rapid development in blockchain technology within the financial sector and the emergence of decentralized finance (DeFi), has allowed millions of previously unbanked and underserviced populations to take part in the new decentralized financial system. Similarly, to how the internet drastically changed the way humans interacted and did business with one another in the late 90's, Codebase believes DeFi and blockchain technology will do the same for finance in the near future.
In response to their company thesis, Codebase has begun accumulating key investments in some of the largest DeFi protocols in the ecosystem. With these investments, not only will Codebase have the ability to profit, but the Company will also have the ability to participate in the governance decisions within these protocols, shaping the future of decentralized finance as it matures.
As public companies such as Facebook pivot towards focusing on developing the metaverse, Codebase's technology advisors have identified and initiated key investments of 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 early-stage investments in emerging technology sectors, including the blockchain ecosystem and fintech. The Company identifies such opportunities and applies its relationships and capital to advance its interests.
For further information, please contact:
George Tsafalas - Ivy Lu
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
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.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such 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 expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such 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 achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ 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, certain of which are beyond the control of the Company 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 and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any 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.
SOURCE: Codebase Ventures Inc.
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