Global Blockchain Technologies Corp (OTCMKTS:BLKCF) Looking to Capitalize on Strategic Ties

Global Blockchain Technologies Corp (OTCMKTS:BLKCF) Looking to Capitalize on Strategic Ties

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One of the most explosive plays in the blockchain space late last year, Global Blockchain Technologies Corp (OTCMKTS:BLKCF), might have some new juice before long if it’s able to capitalize on its developing relationship with the KODAKOne platform. The stock has been tracking in a sideways range over the past few weeks, but holding support well during that time. In addition, the company just announced that the blockchain-based KODAKOne Image Rights Management Platform (KODAKOne) and the KODAKCoin cryptocurrency, today announced its partnership with Oak View Group (OVG), making KODAKOne and KODAKCoin official partners of six OVG Arena Alliance venues, including four NBA teams and two NHL teams.

According to the release, “Participating arenas and teams include: AT&T Center (home of the San Antonio Spurs), Bankers Life Fieldhouse (home of the Indiana Pacers), Golden 1 Center (home of the Sacramento Kings), Xcel Energy Center (home of the Minnesota Wild), Prudential Center (home of the New Jersey Devils) and Talking Stick Resort Arena (home of the Phoenix Suns).”

Global Blockchain Technologies Corp (OTCMKTS:BLKCF) frames itself as an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.

GBT is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol \”BLOC\”.

According to company materials, “Global Blockchain Technologies Corp. is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. GBT is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol “BLOC”. Other information relating to GBT is available on SEDAR at www.sedar.com as well as on the Company’s website at www.globalblockchain.io”

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We’ve witnessed 22% during the past month in terms of shareholder gains in the name, but this action is running counter to the larger trend in the name. Moreover, the company has seen interest climb, with an increase in recent trading volume of 7% beyond what we have been seeing over the larger time frame.

It pays to take note of this fact with the stock trading on a float that is extremely small at just 18M shares.

“We want to introduce the KODAKOne Platform to a creative audience that we believe will both benefit from its functionality and serve as early adopters,” said Jan Denecke, CEO of WENN Digital. “The KODAKOne Platform is being designed specifically to enable users to upload, register and share their work, as well as be compensated for it in certain instances. Given the millions of fantastic live event photographs generated each year at OVG’s Arena Alliance venues, this was a natural place for us to start.”

At this time, carrying a capital value in the market of $135M, BLKCF has a significant war chest ($3.1M) of cash on the books, which is balanced by virtually no total current liabilities. BLKCF is pulling in trailing 12-month revenues of $30K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 1508.6%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $BLKCF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $BLKCF, either long or short, and we have not been compensated for this article.

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