Vancouver, British Columbia—April 19, 2022
iMining Technologies Inc. (TSX-V: IMIN) (Frankfurt Stock Exchange: P1A0) (the “Company” or “iMining”), a publicly listed, Web3.0 company is pleased to announce that it has supported the first of its kind grant funding proposal made on behalf of the Glenrose Rehabilitation Hospital Foundation (“Glenrose Foundation”) to the Decentraland DAO (“DCL”).
Metaverse Advisory Group Inc. (“MAG”), a wholly-owned subsidiary of iMining, is a company which invests, develops and maintains virtual properties in various metaverses. Furthermore, MAG advises large corporations and brands on developing a metaverse strategy.
MAG has been retained by the Glenrose Foundation to develop and execute the Glenrose Foundation’s Metaverse strategy. As part of this mandate and to further engage with the DCL community, Glenrose Foundation has launched its proposal to the DCL to secure a grant funding which will assist Glenrose in execution of its Metaverse strategy.
The Glenrose Foundation seeks to enter the metaverse to create an additional source of donations in partnership with MAG, and the Decentraland Manhattan-based members of the Decentralized Autonomous Organization (DAO).
The Glenrose Foundation aims to raise funding so the Hospital can continue to develop innovative, technology-based solutions which provide individuals with disabilities live better and more fulfilled live.
Currently, the Hospital, among other initiatives, is working on developing a revolutionary technology, the Brain Computer Interface (“BCI”). This cutting-edge technology harnesses the power of imagination, allowing people with mobility and communication challenges a new way to interact with their environments.
Glenrose Foundation’s proposal has been well received by the entire DCL community. The funding proposal prepared by MAG on behalf of the Glenrose Foundation requires two (2) million votes by the community to secure the funding. Within the first week, the proposal has already received more than two (2) million votes and more than 50 unique community members have participated in the voting process. The voting on Glenrose Foundation’s grant proposal ends on April 25th, 2022.
“The Decentraland DAO is considered one of the biggest metaverse DAOs with more than a $100 million dollars in their purse. It’s an honour that the community supported the proposal,” said Khurram Shroff, the Chairman and the CEO of iMining Technologies. “This is the first time a hospital foundation of this stature has been granted funds by a DAO.”
For healthcare and hospital foundations wanting to explore the Metaverse, please contact email@example.com
About Metaverse Advisory Group Inc.
Metaverse Advisory Group is a virtual NFT based real estate company that develops and manages a portfolio of Virtual properties in major blockchain-based Metaverses including Decentraland and The Sandbox. It operates unique services including virtual property development, property management, and assisting companies with future of work, virtual events and meetings, marketing and advertising in the Metaverse.
About iMining Technologies Inc.
iMining is a publicly listed Web3.0 technology company developing technology for Crypto Mining, Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial Inc., an ATM Network and crypto OTC Trading Platform for individual and institutions.
iMining investments are directly linked to the Bitcoin Mining, Crypto Trading, Decentralized Finance (“DeFI”) and Metaverse Non-Fungible Tokens (“NFTs”). With diverse blockchain investment and infrastructure solutions, iMining looks to be a leader in accelerating the growth of Web3.0 for the enterprise market. The Company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.
ON BEHALF OF THE BOARD
Signed “Khurram Shroff”
Khurram Shroff, President & CEO
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Telephone: +1 (844) IMININC (464-6462)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.