Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to announce that it has entered into a blockchain development agreement (the “Agreement”) with NIX Platform (“NIX”). The Agreement commenced on September 1, 2020 and is valued at approximately C$60,000 over the next six months. In addition, upon successful completion of project milestones, BCF will receive NIX digital tokens with a current aggregate value of approximately C$40,000. If there is no change to the value of NIX digital tokens the entire contract value will be approximately C$100,000 over a six month period.
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NIX is a next generation digital token and multi-layered interoperability platform which fuels decentralized applications and smart contracts. BCF has been engaged by NIX to incorporate certain aspects of open source technology developed by BCF into NIX’s infrastructure. In particular, BCF will integrate certain aspects of its Syscoin-Ethereum bridge into NIX’s platform, increasing exposure for this technology and broadening the user base and exposure for BCF’s blockchain technology products.
NIX platform will also be co-developing its custom privacy protocol into the bridge ecosystem. Once integrated, the NIX-Ethereum bridge will provide a privacy layer for all tokenized assets on the Ethereum network.
