Cloud Nine Web3 Technologies (CSE:CNI), (OTC:CLGUF) on track to become the leader in its space.

Summary: Cloud Nine Web3 Technologies Inc (CSE:CNI), (OTC:CLGUF) https://cloud9web3.com Cloud Nine Web3 Technologies is on track to become the Uber of cryptocurrency The company’s recently-acquired Web 3.0 intellectual property assets are allowing the company to build a better educational technology platform and make cryptocurrency mining and storage easier Cloud Nine Web3 Technologies Inc - Quick facts: Cloud Nine Web3 Technologies Inc Price: 0.96 CAD CSE:CNI Market: CSE Market Cap: $16.01 m Superior Web 3.0 intellectual property assets Easy to use cryptocurrency mining technology Newly-launched education technology platform for collaborative learning What Cloud Nine Web3 Technologies does: Cloud Nine Web3 Technologies Inc (CSE:CNI) (OTCMKTS:CLGUF), formerly Cloud Nine Education Group Ltd, is a technology platform company focused on incorporating emerging technologies into its current platforms. The Vancouver-based company’s mission is to fuel innovation and make the future more accessible by powering the launch and growth of future Web 3.0 technologies focused on decentralization. When implemented, Web 3.0 is expected to become a decentralized blockchain protocol that will enable individuals to connect to an internet where they can own and be properly compensated for their time and data. As well, Cloud Nine’s opportunities and partnerships are strategically positioned to capitalize on the dominance of emerging technologies and the growing need to learn faster and easier from experts in collaboration with key educators and influencers in the marketplace. Cloud Nine has two Web 3.0 technology initiatives: Limitless Technologies, its cryptocurrencies platform and; Next Decentrum, its educational technology platform. Limitless provides users with a plug & play way to mine their favourite cryptocurrencies, which are then immediately stored in a personalized in-app digital wallet. The company says all that is needed is a phone and Wi-Fi connection. Next Decentrum, meanwhile, is building active, evolutionary, and just-in-time educational content and software inspired by the modern theories of continuous innovations, lean thinking, and agile development. Cloud Nine Web3 Technologies is led by CEO Allan Larmour, an accomplished entrepreneur with more than 25 years of experience in Fortune 500 companies, start-up technology companies, international sales and business development, and executive management. How is it doing: On March 16, 2021, Cloud Nine announced the closing of its acquisition of certain intellectual property assets related to a development-stage Virtual Private Network (VPN) platform bought from Victory Square Technologies Inc. The company paid C$6 million in company stock for the VPN acquisition, while noting that Victory Square has spent about C$3.2 million to develop the platform. The company said it anticipates incurring a further C$0.5 million in development to advance the platform to the beta testing phase and hopes to offer a finished product on or before the third quarter of 2021. Earlier in the same month, Cloud Nine announced the launch of its new Education Technology (Ed-Tech) Platform, which it said is part of its long-term strategy to partner with companies and technologies at the crossroads of education and emerging technologies. The premiere platform will target the education and stay-at-home sectors with selective learning modules and critical information, adding that it is designed to provide users with easy and simple guides to cybersecurity, wearable technologies, blockchain technology, cryptocurrencies, and decentralized finance (DeFi). To further the platform’s development, Cloud Nine said it had retained IT specialists Bluzelle Networks for specialized Web 3.0 development services, with the aim of establishing Cloud Nine as a thought leader in the growing Ed-Tech space. Cloud Nine’s Web 3.0 development initiative is three-pronged: Creating a global assessment platform to...