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In a move to address market speculation and clarify its corporate structure, Web3 infrastructure provider Blaqclouds, Inc. issued a comprehensive update yesterday detailing recent achievements and addressing what it describes as misinformation circulating about the company.
Shannon Hill, President of Blaqclouds, opened the statement by thanking the company’s team for their contributions at recent industry events including ApeGames, CreatorsHub, ApeFest, and ComplexCon. “What we have achieved over the past several months truly positions Blaqclouds as one of the most dynamic and forward-thinking forces in the Web3 and DeFi space,” Hill stated.
The announcement comes at a time when blockchain companies are facing increased scrutiny from investors seeking clarity in a sector known for its volatility and, at times, lack of transparency. Blaqclouds, traded on the OTC market under the ticker BCDS, appears to be responding to this environment with its detailed clarification of company operations.
Among the key points addressed was the status of the company’s property in Robesonia, Pennsylvania. The firm clarified that until recently, it was merely a tenant at the East Main Avenue location, with the property now managed by Blaqclouds Property Group after assuming the lease from Active World Holdings.
The company also took steps to distance itself from NSAV, stating explicitly that it “is not tied to NSAV, nor does it share any technology or intellectual property owned by NSAV.” According to the release, an earlier agreement between Active World Holdings and NSAV fell apart when NSAV allegedly failed to fulfill payment obligations, resulting in the technology reverting to its original developers.
In what appears to be an effort to establish clear communication channels, Blaqclouds invited stakeholders to join TheAlley.io, which it described as its official communication platform. The company emphasized that all participants undergo KYC (Know Your Customer) verification, suggesting an attempt to create a more regulated information environment compared to what it characterized as “unvetted message boards.”
The firm highlighted its technical capabilities, noting that it operates with a team of over 42 programmers specializing in blockchain, DeFi, AI, and fintech development. Its partnership with Bot Logic Labs was identified as crucial to the development of its flagship platforms including ZEUS Chain, ZEUSxPay.io, and several other blockchain-based services.
Several board members provided commentary on the company’s recent participation in industry events. James Thrasher of the Advisory Board noted that these events “validated the direction Blaqclouds is heading,” while Board of Directors member Anthony Emmert claimed the response from industry leaders confirmed that the company’s approach to cross-chain payments and DeFi tools “is exactly what the market needs.”
In a notably direct statement addressing online critics, CEO Shannon Hill remarked: “For the angry, hateful people who anonymously post on unvetted message boards, you clearly need to go out and touch grass. Spewing such vitriol on a daily basis will surely begin to rot you from the inside out, if it hasn’t already.”
Blaqclouds describes its business model as bridging traditional finance and decentralized ecosystems through blockchain applications that simplify commerce and payments. Its flagship products include ShopWithCrypto.io, which enables crypto-to-gift card transactions; ZEUSxPay.io, a Web3 payment solution; DEX.ZEUSx.io, a decentralized exchange; and ApolloWallet.io, a consumer blockchain wallet.
The OTC-listed company included standard forward-looking statements disclaimers, acknowledging the risks and uncertainties inherent in its business projections.
As the blockchain sector continues to mature, companies like Blaqclouds face the challenge of establishing credibility in a market still working to define industry standards and best practices. This detailed statement appears designed to provide transparency while positioning the company as a serious player in the evolving Web3 landscape.
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9 Comments
Kudos to Blaqclouds for being proactive in clarifying misinformation. As an investor, I appreciate the company’s efforts to provide more clarity around its activities and structure. This type of transparency should help build trust in the long run.
Kudos to Blaqclouds for being proactive in addressing misinformation and highlighting their recent successes. Providing this level of transparency is admirable, especially in an industry known for its volatility. I’ll be interested to see how their detailed update is received by the market.
I’m glad to see Blaqclouds addressing the market speculation. Navigating the volatility and lack of transparency in the blockchain space must be challenging. Their detailed update on recent achievements and operations is a step in the right direction.
Yes, the clarification on their property status is an important detail. It will be interesting to see how Blaqclouds continues to position itself as a leader in the Web3 and DeFi space moving forward.
As an observer of the blockchain industry, I’m encouraged to see Blaqclouds taking proactive steps to address misinformation and provide more transparency around its activities. This kind of openness is crucial for building trust with investors and the broader market.
The update from Blaqclouds leadership seems like a prudent move to address market speculation and clarify the company’s operations. Maintaining transparency is key, especially for blockchain firms navigating a volatile landscape. I’m curious to see how their recent industry event successes translate to future growth.
Agreed. The details on their property status and corporate structure help provide a clearer picture of Blaqclouds’ positioning. It will be worth tracking their progress as they seek to solidify their role as a leader in Web3 infrastructure.
Interesting to see Blaqclouds addressing market speculation head-on. Transparency is important in this volatile Web3 space. I’m curious to learn more about their recent industry event successes and how they are positioning the company as a leader.
Agreed, the detailed update on their operations and property status is a good sign. It will be worth following their progress as they navigate the evolving blockchain landscape.