(TheNewswire)
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- Signs Virtual Office Services Agreement withTerraZero Technologies Inc.
- Office will be provided to Cloud Nine withinDecentraland
- Cloud Nine intends to set-up and offer its productsand services within Decentraland and other Metaverse platforms
Vancouver, British Columbia – TheNewswire - November 10,2021 - Cloud Nine Web3 Technologies Inc.(CSE:CNI) (CNSX:CNI.CN) (OTC:CLGUF) (FRANKFURT:1JI0) ( “ Cloud Nine ” or the“ Company ”), a leading decentralized network and data storagetechnology company, announces that it has signed a virtual officeservices agreement (the “ Agreement ”) with TerraZero Technologies Inc.(“ TerraZero ”) on November 8, 2021, to provide Cloud Nine with directaccess within Decentraland, one of the leading decentralized Metaverseworlds.
Cloud Nine’s location is situated across the streetfrom Decentraland’s University. The Company intends to use thislocation to promote its EdTech Content and Materials consist ing of practical and relevantguides to understanding cybersecurity, blockchain technology, andnon-fungible tokens (NFTs). Ownership of land, crypto, wearables, etc.within Decentraland is secured and managed by blockchain and NFTs. Inaddition, the Company plans to utilize the Metaverse to furtherestablish its propriety virtual private network (VPN) technology whereusers trade their unused computing power for access to secure Internetaccess and better privacy. Decentraland is a decentralized Metaverseand management believes its Limitless VPN will provide its users withadditional privacy and decentralization who function, play, andoperate within the virtual world.
Over the coming weeks, Cloud Nine intends to finalizethe design and plan for its virtual office, including the creation ofavatars to assist potential users and customers at its Decentralandoffice. The Company will announce a grand opening of its Metaversestore front when it is ready and open to the public.
Cloud Nine’s President, Sefton Fincham commented:
“With the changing environmentfrom in-person to online interactions and entertainment, few havetaken the leap to bring education to the forefront of Web3.Decentraland is the perfect medium to take this step and we are proudto be one of the first to establish ourselves and products in theMetaverse. There’s been challenges with the current internetexperience (video or other web conferencing) in that the experience isnot interactive or engaging. Currently, the Metaverse enablesinteraction and engagement using any mobile desktop or laptop screen,but as augmented and virtual reality matures, proponents anticipatethat students will experience the classroom interactively in a similarfashion to the real world. Cloud Nine intends to be not only a leaderin Web3 and other aspects of the rapidly changing technology itrevolves around but also strive to be a leader in education serviceswithin the Metaverse. We believe the store front in Decentraland willalso allow us to reach new users for our Limitless VPN and provideextra security and decentralization within this new and excitingtechnological world. We are excited to be working with TerraZero, aknowledgeable and experienced Metaverse company.”
About the Metaverse
“The Metaverse is an expansivenetwork of persistent, real-time rendered 3D worlds and simulationsthat support continuity of identity, objects, history, payments, andentitlements, and can be experienced synchronously by an effectivelyunlimited number of users, each with an individual sense ofpresence.” 1
About Decentraland
Decentraland is a decentralized virtual world platformwhere users (avatars) can create, experience and monetize content andapplications. Visit: www.decentraland.org.
About TerraZero Technologies Inc.
TerraZero was founded in early 2021 by cryptocurrencyand blockchain pioneer Dan Reitzik. The company is a leading WEB 3.0technology company specializing in the Metaverse space. TerraZeroTechnologies Inc.’s vision is to Develop, Acquire, and Finance theMetaverse’s most promising companies, entrepreneurs, and developers,while creating solutions to further enhance the Metaverse usabilityfor greater community engagement within the Metaverse, and to connectthe real world to the Metaverse, for the creation of new economies anduser experiences that will shape the future of web3.0. TerraZero alsoowns digital real estate and provides offices and services to thoseinterested in the Metaverse. TerraZero aims to support the community,foster innovation, and drive adoption. Visit: www.terrazero.com.
On Behalf of the Board,
C LOUD NINE WEB3 TECHNOLOGIESINC.
About Cloud Nine Web3Technologies Inc.
CloudNine is a diversified technology company focused on leveraging itsproprietary Web 3.0 technology products to enable the decentralizedmovement among consumers and business alike. Web 3.0 enables a sustainable world wheredecentralized users and machines are able to interact with data, valueand other counterparties via a substrate of peer-to-peer networkswithout the need for third parties creating many benefits such asgiving each user full control and ownership of all personal andcorporate data.
For furtherinformation, please contact:
Paul Searle
CorporateCommunications
Citygate CapitalCorp
Phone: (778)240-7724
psearle@citygatecap.com
Neither the Exchangenor its regulation services provider accepts responsibility for theadequacy of accuracy of this release. No stock exchange, securitiescommission or other regulatory authority has approved or disapprovedthe information contain herein.
Forward-LookingStatements
Certain statements in this press releaseare forward-looking statements and are prospective in nature.Forward-looking statements are not based on historical facts, butrather on current expectations and projections about future events,and are therefore subject to risks and uncertainties which could causeactual results to differ materially from the future results expressedor implied by the forward-looking statements. These statementsgenerally can be identified by the use of forward-looking words suchas “may”, “should”, “will”, “could”,“ intend ”,“estimate”, “plan”, “ anticipate ”,“expect”, “believe” or “ continue ”, orthe negative thereof or similar variations. Forward-looking statementsin this news release include statements regarding: the proposed use ofthe Decentraland location to promote the Company’s products; thelaunch of the virtual office within Decentraland, offering productsand services within the Metaverse, the timing thereof, and theexpected outcomes and benefits, the development of the LimitlessPlatform and the expected outcomes and benefits; the ability to enterthe market sooner than anticipated; the potential for the Company’sproducts and services; the Company’s ability to add additionalfeatures to the Company’s products and services; and the Company’spursuit of emerging technology products and Web3 opportunities on aglobal scale, the use cases for the computational power. Factors thatcould cause actual results to differ materially from those inforward-looking statements include: the continued availability ofcapital and financing; failure to obtain any approvals, permits andlicenses required to operate the business; the impact of technologychanges on the industry; lack of demand for the Company’s productsand services; competition; increase in operating costs; litigation;loss of key employees, consultants and directors; security threats;failure to develop new and innovative products and services; failureof counterparties to perform their obligations; the impact of theCovid-19 pandemic on the Company’s ability to operate and hirepersonnel; and adverse general economic, market or businessconditions. Such statements and information are based on numerousassumptions regarding present and future business strategies and theenvironment in which the Company will operate in the future, includingthe demand for its products and services, the ability to successfullydevelop software, that there will be no regulation or law that willprevent the Company from operating its business, anticipated costs,and the ability to secure sufficient capital to complete its businessplans. Given these risks, uncertainties and assumptions, you shouldnot place undue reliance on these forward-looking statements. Suchforward-looking statements should therefore be construed in light ofsuch factors, and, except as required by applicable law, the Companyis not under any obligation, and expressly disclaims any intention orobligation, to update or revise any forward-looking statements,whether as a result of new information, future events orotherwise.
Matthew Ball, author of the extensive Metaverse Primer.
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