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CYIOS Corp announces the acquisition of NFT platform company Randombly

By Edlyn Cardoza

November 22, 2021

  • Asset Management
  • CYIOS Corp
  • ERC721
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CYIOS Corp, Randombly, NFT, Ethereum, USACYIOS Corp, a publicly traded holding company with subsidiary business focused on crypto-lending, crypto-trading and NFT’s recently announced 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 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 available. From art to real estate and almost anything in between, this platform will not only allow minting and sales, but the added value of being able to lend against NFT’s as the assets they are, all on the ETH blockchain.”

“In addition to launching the NFT platform, the company is preparing to release some highly coveted, never before released assets and IP from the world of Super Hero Entertainment in partnership with one of the most notable and recognized names in the industry. Additional details of this special NFT collection and partnership will be forthcoming.  The partnership includes minting individual characters, along with IP rights for future commercial use,” concluded Mr. O’Shea.

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