Vancouver, British Columbia, Aug. 19, 2024 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. SSPIRSpirit Blockchain Capital, a leading blockchain and digital asset investment firm, is pleased to announce its participation as a key contributor to the launch of SlamNet, the new Web3 information economy. Spirit Blockchain Capital will play a central role in the development and deployment of the SLAM token, the official utility token of the SlamNet ecosystem.
SlamNet, backed by top contributors including CryptoSlam, Animoca Brands and other industry leaders, is designed to power the flow of rich, trusted data within Web3 and support the intelligence, business and financial applications critical to its growth. The SLAM token will be at the heart of this ecosystem, facilitating transactions, governance and other key functions within SlamNet.
“Our involvement in SlamNet underscores our commitment to advancing the digital economy and supporting innovative platforms that align with our strategic vision,” said Lewis Bateman, CEO of Spirit Blockchain Capital. “The SLAM Foundation and the SLAM token represent an important milestone in the evolution of Web3, and we are excited to contribute to its development and success.”
Randy Wasinger, Founder and CEO of CryptoSlam, added: “Spirit Blockchain Capital’s support of SlamNet is a testament to the collaborative efforts driving the future of Web3. Their expertise and strategic vision will be invaluable as we work together to build a robust, data-driven ecosystem.”
Spirit Blockchain Capital’s support follows its previous strategic investment in CryptoSlam, a leading NFT data aggregator and key contributor to SlamNet. Spirit’s involvement will further strengthen SlamNet’s technical and strategic capabilities, leveraging its extensive experience in the blockchain sector to help shape the future of decentralized finance and information sharing.
As an integral part of the SlamNet ecosystem, the SLAM token will enable a wide range of features, including governance via the SlamNet DAO, and will play a crucial role in the adoption and growth of the platform.
About the SlamNet Ecosystem
The SlamNet ecosystem will include the following components:
- Raw, decoded and enriched data – the fuel: terabytes of data from CryptoSlam and other data providers, and from all major blockchains, will power each of SlamNet’s platforms.
- Slam Link – the pipeline: SlamLink will be the pipeline of raw, decoded and enriched Web3 data to power applications connecting the Web3 world to traditional off-chain economies. It will also be the backbone of SlamChain.
- SlamChain – the commercial district: SlamChain will serve as a commercial district for Web3 creators and end users to transact via data-powered smart contract applications.
- SlamX – Voice: SlamX will provide a platform for community-driven creators to inform and educate an ever-growing audience of Web3 industry observers.
- CLAC – the currency: The SLAM token will be the currency of an entire web3 information economy and the official utility token of the SlamNet ecosystem.
- .slam NFT – people: The .slam NFT is a collection of non-fungible tokens that will play a fundamental role in the use of SlamNet platforms and the governance of the SlamNet DAO.
- DAO SlamNet – Government: The SlamNet DAO will give SLAM holders and .slam NFT holders a critical role in shaping and guiding the ecosystem. The DAO will consist of the SLAM House and the SLAM Senate, each with distinct roles, responsibilities, and election processes.
For more information about SlamNet, please visit www.slamnet.xyz
About the SLAM Foundation
The SLAM Foundation is the steward of SlamNet and the SLAM token, responsible for administering the decisions of the SlamNet DAO. It is an exempt limited guarantee foundation company incorporated in the Cayman Islands.
About CryptoSlam
CryptoSlam is the first multi-chain NFT data aggregator, offering deep insights and analysis across various blockchain ecosystems. Since its inception, CryptoSlam has led the charge in the NFT industry, providing a unified platform for users, investors, and collectors to explore, scrutinize, and capture the dynamics of NFT market trends and transactions. Backed by renowned investors including Mark Cuban, Reid Hoffman, Animoca Brands, and many more, CryptoSlam is constantly pushing the boundaries of Web3 data aggregation and analysis, solidifying its position as an industry pioneer. For more information, please visit www.cryptoslam.io.
About Spirit Blockchain Capital
Spirit Blockchain Capital is a pioneering investment firm at the forefront of the blockchain industry. Through our operating and asset management businesses, we offer investors a range of capital appreciation opportunities. With a focus on innovation, strategic investments and operational excellence, Spirit Blockchain is dedicated to unlocking the potential of the digital economy.
For media inquiries, please contact:
Lewis Bateman
General manager
info@spiritblockchain.com
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect,” “anticipate,” “continue,” “estimate,” “objective,” “may,” “project,” “should,” “believe,” “plan,” “intend” and similar expressions are intended to identify forward-looking information or statements. Forward-looking statements and forward-looking information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on forward-looking statements and forward-looking information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially affect this forward-looking information are described under the heading “Risk Factors” in the Company’s long-form prospectus dated August 8, 2022, which is available on the Company’s profile on SEDAR at www.sedar.comThe Company assumes no obligation to update any forward-looking information, except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are cautioned not to place undue reliance on any forward-looking statements or information.
The CSE has not reviewed, approved or disapproved the contents of this press release.
