Roadmap highlights potential partnerships/acquisition strategy and planned expansion of existing business verticals and growth plans
Cryptyde, Inc. an offering of comprehensive, scalable Web3 businesses utilizing blockchain technologies, NFTs, Smart Contracts, Metaverse and Crypto announced today its reporting of a corporate roadmap for the remainder of 2022 into 2023.
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Brian McFadden, President and CEO of Cryptyde, Inc. stated, “With our recent spinoff from Vinco Ventures, and now operating as a fully independent NASDAQ listed company, we wanted to provide an update regarding our business and forthcoming objectives to both our industry stakeholders as well as our investors. We believe that our accomplishments highlighted below have created a fundamental base for our organization to realize our stated objectives for 2022 carrying into 2023. We feel confident that upon successful execution, Cryptyde can become both an industry pioneer, as well as leader in the Web3 space. In addition, we are evaluating partnerships and business development opportunities that we believe should lead to acquisition candidates as part of our larger long-term growth strategy.”
Operational Achievements
- Completion of the spinoff from Vinco Ventures, Inc.
- Launch of Freescape Community – Freescape was featured in the Matter creator lounge at VidCon, where the world’s leading digital creators, platform innovators and their fans converge in one place
- Equity-based financing at a price of $8.00 per share
- CW Machines continued delivery of BTC mining equipment to the resale marketplace
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Targeted H2 2022-H1 2023 Corporate Objectives
- Focused growth on the transition from Web2 to Web3 in consumer facing industries
- Launch of BTC Tokenization Platform to revolutionize consumer focused mining
- Next launch phase of content driven Metaverse – Freescape
- Diversification across multiple Web3 industries leveraging smart contract and tokenization technologies
- Continued focus on creating shareholder value through strategic partnerships and acquisitions
“As events unfold, we intend on being transparent with the marketplace. At the time each one of the above opportunities is met or materially advanced, we plan to broadcast these events to the Web3 community and our investors. We are excited for the future of Cryptyde and appreciate the market’s patience while we execute on our plans and achieve our objectives. We look forward to a productive second half of 2022 which is expected to solidify the infrastructure we will use as our foundation of growth into 2023,” added McFadden.
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