SkyChain Signs LOI to Establish Joint Venture for Visual Effects Rendering Services

Vancouver, British Columbia--(Newsfile Corp. - July 16, 2021) - SkyChain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Company") reports that the company has signed a Letter of Intent ("LOI") to establish a joint venture with The Embassy Visual Effects Inc. ("Embassy"), an award-winning visual effects studio in Vancouver, BC. The joint venture will work together to develop and grow SkyRendering Technologies Inc. ("SkyRendering"), a separate joint venture established between SkyChain and Synergy Corp, as announced in SkyChain's news release of July 7, 2021.

Under the Embassy joint venture, Embassy will help SkyRendering provide premier visual effects ("VFX") rendering services to the film and entertainment industry. Embassy will provide back-end technical support and personnel to the SkyRendering joint venture.

To learn more about Embassy, visit https://theembassyvfx.com/.

The LOI between SkyChain and Embassy is non-binding, and its purpose is to outline the principal conditions upon joint venture. The precise terms will be contained in a definitive agreement.

To learn more about SkyRendering, visit https://studiorenderingfarm.com/.

About SkyChain Technologies INC

SkyChain Technologies is a Vancouver-based company providing Blockchain Infrastructure services and power solutions. Our vision is to become a leading player in crypto/data mining hosting by growing to 100Mw of crypto hosting capacity. To learn more, visit www.skychaintechnologiesinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Bill Zhang
President and CEO

Contact:
604-456-0608
info@skychaintechnologiesinc.com

Neither the TSX Venture Exchange, OTCQB nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90413