Blockchain Foundry Announces Blockchain Development Agreement with NIX Platform

Burnaby, British Columbia, CANADA

TORONTO, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to announce that it has entered into a blockchain development agreement (the “Agreement”) with NIX Platform (“NIX”). The Agreement commenced on September 1, 2020 and is valued at approximately C$60,000 over the next six months. In addition, upon successful completion of project milestones, BCF will receive NIX digital tokens with a current aggregate value of approximately C$40,000. If there is no change to the value of NIX digital tokens the entire contract value will be approximately C$100,000 over a six month period.

NIX is a next generation digital token and multi-layered interoperability platform which fuels decentralized applications and smart contracts. BCF has been engaged by NIX to incorporate certain aspects of open source technology developed by BCF into NIX’s infrastructure. In particular, BCF will integrate certain aspects of its Syscoin-Ethereum bridge into NIX’s platform, increasing exposure for this technology and broadening the user base and exposure for BCF’s blockchain technology products.

NIX platform will also be co-developing its custom privacy protocol into the bridge ecosystem. Once integrated, the NIX-Ethereum bridge will provide a privacy layer for all tokenized assets on the Ethereum network.

About Blockchain Foundry Inc.

Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.

Blockchain Foundry Contact Information:

Chris Marsh
(647) 330-4572

Forward-Looking Information

Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.

Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.