- Datametrex AI (TSXV:DM) will acquire mobile game Cereal Crunch from Sariel Diagnostics in a $3.5 million deal
- The price for the game, its assets including game software, intellectual property, user databases and Crunch Token will be paid in 70 million common shares of Datametrex at $0.05 per share
- Cereal Crunch aims to offer a new gaming experience that blends entertainment with the potential for crypto earnings, with its “match-three” mechanics and cryptocurrency rewards system
- Datametrex stock last traded at $0.025 per share
Datametrex AI (TSXV:DM) will acquire mobile game Cereal Crunch from Sariel Diagnostics in a $3.5 million deal.
The price for the game, its assets including game software, intellectual property, user databases and Crunch Token will be paid in 70 million common shares of Datametrex at $0.05 per share.
The Crunch Token was launched on April 2, and is a key component of the Cereal Crunch game ecosystem, enabling its play-to-earn blockchain gaming model.
Also included in the transaction is a $300,000 cash component, and Sariel’s Coinsquare account, which is critical for managing game-related cryptocurrency transactions.
Cereal Crunch aims to offer a new gaming experience that blends entertainment with the potential for crypto earnings, with its “match-three” mechanics and cryptocurrency rewards system.
“This acquisition marks a significant step for Datametrex, emphasizing our focus on innovative technologies in the gaming and cryptocurrency sectors,” Datametrex President Charles Park said in a news release. “We are excited about the possibilities that Cereal Crunch presents and are committed to its successful development and launch.”
“Partnering with Datametrex represents a milestone moment for Sariel. This move not only validates the hard work our team has put into developing Cereal Crunch but also aligns with our mission to innovate within the crypto and AI spaces,” John Karagiannidis, president of Sariel Diagnostics Corp., added. “We’re confident that under Datametrex’s stewardship, Cereal Crunch and the Crunch Token will achieve the success and recognition it deserves.”
Datametrex develops innovative solutions across technology, artificial intelligence and healthcare to enhance operational efficiencies and business outcomes.
Datametrex stock (TSXV:DM) last traded at $0.025 per share and has fallen by 68.75 per cent year-over-year, and by 28.57 per cent since 2019.
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