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Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) ("Graph") or (the "Company") is pleased to announce that the Company's newest acquisition has successfully tested 100,000 simultaneous users, minting non-fungible tokens ("NFT"), along with purchase of NFTs powered by smart contracts on the Ethereum blockchain within the app platform on August 4, 2021.
New World Inc. successfully tested 100,000 users with zero errors, an average response time of 1.89s and latency of 1.89s. Operating 111.12 requests per second ensures the initial platform architecture is ready for initial launch and has the ability to scale successfully.
Within the next 10 days, a 1 Million user test is scheduled to be completed and it will further validate the platform's ability to operate at a world scale.
The New World platform's back-end user experience was also tested allowing collaborators and creators to successfully mint their respective NFT creations along with setting sale prices in USD, CAD, ETH. The web-based 'New World Creator' back-end interface also allowed users to set rules, royalties, and other value metrics to attach to their NFT. Owners of NFTs can toggle whether they are owned or created NFTs are 'for sale' or not.
The 'New World Creator' back-end uniquely allowed users to geographically place their NFT anywhere on the globe. This is one of New World's unique opportunities as a platform. Once an NFT is "pinned" to a specific location other users of the app can now view the virtual Augmented Reality NFT both through the 'viewer' screen or 'maps' screen. The available (for sale) NFTs can be seen when a user is within a 1km radius of the "pinned" NFT.
New World Inc. successfully transacted an NFT in-app. The NFT was created and minted via the 'New World Creator' back-end and purchased using Ethereum from one user (creator) to another user (buyer).
It can be reviewed on the Rinkeby Ethereum Testnet Network: https://rinkeby.etherscan.io/token/0xab7689f9c9e7e1ef9eda7591487b11d78c6065dc
Transaction Hash: 0x0040f35c0b15658d4ea8865352a1db2f892cf15242b688434379eed2cd4c8b45
About New World Inc.
New World is an augmented reality art focused NFT company that allows creators, musicians, and celebrities to have access to an NFT distribution canvas to create and sell digital art. By selling digital art, artists are able to reach a broader market (both geographically and demographically), and as a result of the blockchain, continue to benefit financially through economic participation in future sales. New World has built this platform and has already signed such notable artists as Diogo Snow, who has produced numerous pieces for celebrity clients including Drake, and Fetty Wap, an American rapper, singer and songwriter who has over 6.5 million Instagram Followers, as well as many others. Additional information on New World is available at https://newworldinc.io
About Graph Blockchain Inc.
Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance (DeFI). Focusing on altcoins through its wholly owned subsidiaries Babbage Mining Corp., a Proof of Stake ("POS") miner, and Beyond the Moon Inc. an IDO focused company, Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. In addition, through its investment in New World, Graph is providing its shareholders with exposure to rapidly growing and emerging NFT market.
Additional information on the Company is available at www.graphblockchain.com, www.newworldinc.io and www.babbagemining.com
For further information, please contact:
Investor Relations
Jamie Hyland
Phone: 604.442.2425
Email: jamie@graphblockchain.com
Media Relations
Joshua Greenwald/Rich DiGregorio Phone: 646.379.7971/856.889.7351
Email: gblc@kcsa.com
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, statements regarding: the continued growth of the art-focused NFT market. Forward-looking information in this news release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the potential inability of New World to continue as a going concern; the risks associated with the blockchain and NFT industry in general; increased competition in the art-focused NFT market; the potential future unviability of the NFT market in general, and the art-focused NFT market in specific. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92538
