Business
CYIOS CORP ANNOUNCES THE ACQUISITION OF NFT PLATFORM COMPANY RANDOMBLY, LLC
CYIOS CORP ANNOUNCES THE ACQUISITION OF NFT PLATFORM COMPANY RANDOMBLY, LLC.
About this update from Cyios Corp.
[{"type":"text","content":"\n Boca Raton, Florida, Nov. 18, 2021 (GLOBE NEWSWIRE) -- CYIOS Corp: (OTC PINK: CYIO), a publicly traded holding company with subsidiary business focused on crypto-lending, crypto-trading and NFT’s is pleased to announce 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 state-of-the-art 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 availa...