Web3 Ventures Achieved 150 PunkScape NFTs, 4th

Web3 Ventures Achieved 150 PunkScape NFTs, 4th

Toronto, June 18, 2022 (Globe Newswire) – Web3 Ventures Inc. (“W3V” or “Company”), A platform company focused on incubating, accelerating and developing world-class projects and applications for a decentralized web, it is pleased to announce that it has acquired 150 NFTs from the PunkScape collection, a digital identity and immersive land project. This investment represents a 1.50% stake in the steady supply of all existing and outstanding PunkScape non-fungible tokens.

Launched in September 2021, PunkScape has an enthusiastic community base of 3,000+ token holders, including notable members such as Toby Lutke, CEO of Shopify ($ SHOP) and Jack Butcher, founder of leading media platform Visualize Value. Since launch, the PunkScape collection has more than 1,600 Ethereum in secondary sales volume. Focusing on providing interactive digital real estate and immersive experience applications, PunkScapes is designed to integrate with social profile banner categories like Twitter, Discord, LinkedIn, Openness, Etherium Name Services and more.

In addition to the potential increased market value of the acquired PunkScape NFT acquired by Web3 Ventures, W3V will earn royalties from their PunkScape NFTs through Gallery27, an internally advanced daily auction platform that uses AI technology to create NFTScape’s generative art derivatives. W3V and other collectors receive 50% royalty on the winning bids. Since its launch on February 2, 2022, more than 100 Etherium bids have been auctioned through Gallery27.

About PunkScape

PunkScape is an NFT collection of 10,000 unique banner landscapes stored in the Ethereum Blockchain that is sold in OpenSea, LooksRare and major NFT marketplaces. PunkScape is a metaverse space for digital-art that looks at existing Web2 configurable “locations” – locations like banners like Twitter, LinkedIn, etc. – and moves them into the Web3 space. Each scape is a digital land, a home for your digital resources and identity https://punkscape.xyz/intro / https://opensea.io/collection/punkscapes

About Web3 Ventures

Web3 Ventures (W3V) is a platform company focused on identifying, incubating, accelerating and developing world-class projects and applications for a decentralized web. Focusing on early-stage projects and entrepreneurial support, W3V’s main investment pillars are identity, communication and gaming, focusing on early-stage projects.

On behalf of the Board of Directors

Stan Feinzelberg, CEO

For more information, contact

Stan Feinzelberg
Telephone: (416) 418-6949

Advance information:

This press release may include “advance information” relating to the Company’s business (as defined by the Canadian Securities Act). The advance information is based on some key expectations and assumptions made by the management of the company including the future plans of the company. Although the company believes that such expectations and assumptions are reasonable, investors should not rely on such advance information because the company cannot give any assurance that they will prove to be correct. The foresighted statements in this press release are made as of the date of this press release. The Company disclaims any intention or obligation to publicly update any far-sighted information (as a result of new information, future events or results, or otherwise), except as required by applicable securities law.

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