Spirit Blockchain Capital Joins CryptoSlam, Animoca Brands, and Industry Leaders to Launch SlamNet, the New Information Economy of Web3

Vancouver, British Columbia--(Newsfile Corp. - August 19, 2024) - Spirit Blockchain Capital Inc. (CSE: SSPIR) (OTCQB: SRBCF) ("Spirit Blockchain" or the "Company"), a leading investment firm in the blockchain and digital asset sectors, is pleased to announce its participation as a key contributor in the launch of SlamNet, the newly unveiled information economy of Web3.

Spirit Blockchain Capital to Play Key Role in CryptoSlam's SlamNet Launch, Contributing to the Next Generation of Web3 Data Economy

Hehehe, thanks to everyone’s enthusiasm for NFT, everyone is familiar with NFT now. When it comes to NFT data, we have to mention CryptoSlam, which is the industry's leading multi-chain NFT data aggregation platform. Recently, CryptoSlam announced the launch of the Web3 information economy SlamNet, which aims to provide trusted data for Web3 applications and is jointly supported by a number of industry-leading companies, including Animoca Brands, CryptoSlam and NFT investment company Spirit Blockchain Capital.

Spirit will participate in the development and deployment of SLAM Token, the official utility token in the SlamNet ecosystem. SLAM tokens will play a vital role in SlamNet, supporting transactions, governance and other key functions.

Spirit’s participation in the launch of SlamNet is part of its ongoing strategic deployment in the field of blockchain and digital assets. Spirit has previously strategically invested in CryptoSlam, and this participation will further strengthen SlamNet’s technical and strategic capabilities and jointly promote the future of decentralized finance and information sharing.

As part of the SlamNet ecosystem, the SLAM token will support a wide range of functionality, including governance through the SlamNet DAO, and play a key role in driving adoption and growth of the platform.

About SlamNet Ecosystem

The SlamNet ecosystem will include the following parts:

For more information about SlamNet, please visit www.slamnet.xyz

About SLAM Foundation

The SLAM Foundation is the steward of SlamNet and the SLAM tokens and is responsible for governing the decisions of the SlamNet DAO. It is a Cayman Islands exempted limited guarantee foundation company.

About CryptoSlam

CryptoSlam is a leading multi-chain NFT data aggregation platform that provides in-depth insights and analysis across different blockchain ecosystems. Since its early days, CryptoSlam has led the NFT industry by providing a unified platform for users, investors, and collectors to explore, review, and understand NFT market trends and trading dynamics. With the support of well-known investors such as Mark Cuban, Reid Hoffman, and Animoca Brands, CryptoSlam continues to expand the boundaries of Web3 data aggregation and analysis, consolidating its position as an industry pioneer. For more information, please visit www.cryptoslam.io.

About Spirit Blockchain Capital

Spirit Blockchain Capital is a pioneer investment company based on the forefront of the blockchain industry. We provide investors with a range of capital appreciation opportunities through our operating business lines and asset management businesses. Spirit Blockchain places great emphasis on innovation, strategic investment and operational excellence, and is committed to unleashing the potential of the digital economy.

For media enquiries, please contact:

Lewis Bateman

CEO

info@spiritblockchain.com

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Words such as "anticipate," "anticipate," "continue," "estimate," "target," "may," "will," "plan," "should," "believe," "intend" and other words are intended to identify forward-looking information or statements. Forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions underlying such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements and information because the Company cannot guarantee their correctness. Because forward-looking statements and information relate to future events and conditions, they inherently involve inherent risks and uncertainties. Actual results may differ materially from current expectations due to a variety of factors and risks. Factors that could materially affect forward-looking information are described under the heading "Risk Factors" in the company's short form prospectus filed on August 8, which can be viewed on the company's profile on SEDAR at www.sedar.com. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. Any forward-looking statements are not guaranteed and actual future results may vary materially. Therefore, readers are advised not to place undue reliance on forward-looking statements or information.

The Toronto Stock Exchange has not reviewed, approved or disapproved the contents of this release.

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