viewMetaverse Capital Corp

New cannabis-focused social network launches on Metaverse's Nuvo blockchain platform

Highmiles is a social community geared toward cannabis users who will be able to rate products, review new businesses and discuss various topics related to marijuana

Originally focused on crypto-mining, the Vancouver company has diversified by developing and administering tokens and digital assets

Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Wednesday that its partner Cannadex Labs Inc is launching Highmiles, a new social community on the company’s Nuvo blockchain network.

Highmiles is a social community geared towards the lifestyles of cannabis users where users can rate pot products, review new businesses and discuss various topics related to marijuana.

Vancouver-based Metaverse, formerly Global Blockchain, partnered with Cannadex in May 2019 in an agreement that sees Metaverse transferring all work products and assets of the Laser inter-blockchain protocol to Cannadex in exchange for 25% equity.

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Cannadex’s founder Steven Dryall was instrumental in helping to develop the Nuvo blockchain network. The company plans to use Laser’s technology stack in a new iteration of Nuvo that will serve as a platform for a commodities spot market, anticipated to launch in 4Q 2019.

"After the federal legalization of cannabis in Canada in 2018, we have seen an incredible growth of interest on the subject across the country, but a lack of corresponding support from the major media channels -- including social media networks,” said Cannadex’s Dryall in a statement. “Highmiles will nicely complement the Cannadex Exchange, which we are still on track to launch before the end of 2019."

Highmiles users will be paid in NUVO tokens, according to Metaverse. The Nuvo network boasts over 45,000 active accounts from around the globe.

"We are thrilled to see the Nuvo blockchain network continue to grow; both in terms of its user base and having a third community launched on it,” said Metaverse’s CEO Shidan Gouran.

“Between these communities, and the Cannadex Exchange operating on the Nuvo blockchain network, these developments reflect very well on the Nuvo blockchain as a technology.”

READ: Global Blockchain Mining to change name to Metaverse Capital

According to Gouran, the Nuvo blockchain network will likely see additional applications and communities on it later in 2019.

Metaverse also said that the second round of the initial exchange offering for NUVO blockchain currency concluded on May 22. The NUVO token will be listed on the Probit exchange once a listing date is confirmed with Probit, according to Metaverse.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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