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Aquarius AI Inc. Gives Company Replace

Vancouver, British Columbia–(Newsfile Corp. – November 23, 2022) – Aquarius AI Inc. (CSE: AQUA) (FSE: 4G5N) (the “Firm“or”AQUA“) is happy to supply a company replace in reference to its current acquisition (the “Jellyworks Acquisition“) of Jellyworks Inc. (“jellyworks“).

Jellyworks Gaming Guild

AQUA lately accomplished the Jellyworks Acquisition as introduced in Firm’s information launch dated November 2, 2022. In addition to working a worthwhile and state-of-the-art Bitcoin mining operation, Jellyworks has additionally been working a income producing Play-2-Earn gaming guild(the “Jellyworks Gaming Guild“). Play-2-Earn gaming is the place gamers can earn digital tokens as a reward for enjoying a recreation of talent, for instance, Play-2-Earn Poker. These digital tokens can both be exchanged for fiat forex by way of sure exchanges or retained in digital format.Given the present development of Web3 tokenization, the chance is opening up for anybody on the earth to play video games and earn an earnings.

Jellyworks Gaming Guild operates by buying NFTs required to play sure Play-2-Earn video games. Jellyworks then delegates these NFTs to gamers to make use of in these video games. Any rewards generated are break up 50/50 between the participant and Jellyworks. Jellyworks has invested the final 12 months in constructing, growing and working the Jellyworks Gaming Guild. The Firm intends to proceed to develop the Jellyworks Gaming Guild as an enlargement of AQUA’s NFT technique. Trying ahead, AQUA is looking for to draw considerably extra recreation gamers as a part of this enlargement.

Owen Sagness, Director of Operations at AQUA said, “We’re delighted to welcome the Jellyworks crew to AQUA. Now we have been extraordinarily impressed by what they’ve achieved and really feel that collectively Jellyworks and AQUA can develop rapidly and obtain even larger success. Whereas we proceed to be cautious about enlargement of the Bitcoin mining operations attributable to market circumstances, we see Jellyworks as a development space of ​​the enterprise that we imagine would be the main utilization case for Web3 and tokenization of the Web.

Alex Lineton, Chief Govt Officer of Jellyworks said, “We have been thrilled to hitch a crew who shared the thrill of Jellyworks and the paradigm shift that Play-2-Earn gaming brings. I imagine that by having our operations inside an organization like AQUA we will speed up our plans and consolidate our first mover benefit within the house.

The Firm will proceed to supply updates sooner or later because the Jellyworks Gaming Guild continues its enlargement.

For Additional Data:

Aquarius AI Inc.

Eugene Valaitis Traders@AquariusAI.ca

(604) 265-7511

Cautionary Notice Concerning Ahead-Trying Statements

Sure statements contained on this press launch represent “forward-looking info” as such time period is outlined in relevant Canadian securities laws. The phrases “might”, “would”, “may”, “ought to”, “potential”, “will”, “search”, “intend”, “plan”, “anticipate”, “imagine”, “estimate”, “Count on” and related expressions as they relate to the Firm, together with statements with respect to Jellyworks, and the Firm, are meant to determine forward-looking info. All statements apart from statements of historic truth could also be forward-looking info, together with however not restricted to: operations and future plans of Jellyworks; the mixing of the Firm’s and Jellywork’s companies; any anticipated operational efficiencies or synergies; the proceed operation of the Firm’s bitcoin mining rigs in a worthwhile method; the extent to which any gamers throughout the Jellyworks Gaming Guild earn rewards enjoying Play-2-Earn video games with the Firm’s or Jellyworks’s NFTs (if in any respect); the anticipated worth of any rewards earned, if in any respect; anticipated every day income to shares from participant’s actions throughout the Jellyworks Gaming Guild, if in any respect; the flexibility of consumers to proceed to earn an above common earnings from enjoying Play-2-Earn video games throughout the Jellyworks Gaming Guild, if any earnings in any respect; and the continued improvement and enlargement of the Jellyworks Gaming Guild by the Firm, together with its skill to draw extra recreation participant. Such statements replicate the Firm’s present views and intentions with respect to future occasions, and present info accessible to the Firm, and are topic to sure dangers, uncertainties and assumptions. Many elements may trigger the precise outcomes, efficiency or achievements which may be expressed or implied by such forward-looking info to range from these described herein ought to a number of of those dangers or uncertainties materialize. Examples of such threat elements embrace, with out limitation: threat that the mixing of the Firm’s and Jellywork’s companies won’t generate the anticipated operational efficiencies or synergies; credit score; market (together with fairness, commodity, international trade and rate of interest); liquidity; operational (together with know-how and infrastructure); fame; insurance coverage; strategic; regulation; authorized; setting; capital adequacy; the overall enterprise and financial circumstances within the areas wherein the Firm operates; the flexibility of the Firm to execute on key priorities, together with the profitable completion of acquisitions, enterprise retention, and strategic plans and to draw, develop and retain key executives; issue integrating newly acquired companies; the flexibility to implement enterprise methods and pursue enterprise alternatives; disruptions in or assaults (together with cyberattacks) on the Firm’s info know-how, web, community entry or different voice or knowledge communications programs or providers; the evolution of assorted forms of fraud or different legal habits to which the Firm is uncovered; the failure of third events to adjust to their obligations to the Firm or its associates; the impression of recent and adjustments to, or utility of, present legal guidelines and rules; decline of reimbursement charges; a novel enterprise mannequin; dependency on key suppliers; the general tough litigation setting; elevated competitors; elevated funding prices and market volatility attributable to market illiquidity and competitors for funding; the supply of funds and assets to pursue operations; vital accounting estimates and adjustments to accounting requirements, insurance policies, and strategies utilized by the Firm; the incidence of pure and unnatural catastrophic occasions and claims ensuing from such occasions; in addition to these threat elements mentioned or referred to within the Firm’s disclosure paperwork filed with the securities regulatory authorities in sure provinces of Canada and accessible at www.sedar.com. Ought to any issue have an effect on the Firm in an surprising method, or ought to assumptions underlying the forward-looking info show incorrect, the precise outcomes or occasions might differ materially from the outcomes or occasions predicted. Any such forward-looking info is expressly certified in its entirety by this cautionary assertion. Moreover, the Firm doesn’t assume accountability for the accuracy or completeness of such forward-looking info. The forward-looking info included on this press launch is made as of the date of this press launch and the Firm undertakes no obligation to publicly replace or revise any forward-looking info, apart from as required by relevant legislation.

The CSE has not reviewed, authorized or disapproved the content material of this press launch

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/145399

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