Graph Blockchain to Acquire Cyberbanking

Graph Blockchain (CSE:GBLC) announced that it has signed an LOI to acquire esports company, Cyberbanking for C$1.5 million in shares. The transaction is planned to expand Graph Blockchain’s operations, while taking advantage of opportunities in the esports and gaming industry.

As quoted in the press release:

The Proposed Acquisition is in line with the Company’s objectives to expand into different industry verticals which can adopt its existing technology. In this regard, on May 27, 2019 the Company announced hiring Esports Capital Corp. to assist in identifying esports and gaming opportunities that would complement the Company’s core technology while at the same time diversify the company by generating a new revenue stream. The esports industry represents a global opportunity that is growing at a tremendous pace. The need for skills based mental and physical health programs to ensure peak performance of the players is as critical to esports as it is to traditional sports.

Cyberanking is a gamified Learning Management System company focused on the esports industry. Its core technology and platform focuses on aspects of mental and physical health, cognition, and improvement of practical skills within the competitive vertical of the esports industry. Cyberanking’s Learning Management System delivers dynamically tailored and organized content with a specific focus on training and wellness curriculum relating to esports. It relies on a challenging curriculum, motivational tools, constant calls to action, and precise feedback all while promoting growth and rewarding users for their efforts.

Click here to read the full press release.