LANDER, WY / ACCESSWIRE / October 18, 2021 / Signature Devices, Inc. (OTCPK: SDVI) – today announced the receipt of 1 million Genius tokens valued at approximately $ 3.50 per token (1 GNUS token = 1 / 1000th Ethereum) from Genius Ventures , Inc., in support of their joint venture. Genius is launching a cryptocurrency that, thanks to integrated AI processing, will be used in video games published by Graffiti Entertainment, Inc. (a subsidiary of Signature Devices). These types of cryptocurrencies are sometimes referred to as utility tokens because the currency will be used for processing artificial intelligence. Graffiti Entertainment, Inc., a software developer and publisher, integrates CryptoCurrency into smartphone, desktop / laptop, console, or tablet video games via the Internet of Things (IoT) to allow gamers to generate tokens Genius.
Each connected game will use the device’s idle time to perform artificial intelligence processing and will receive CryptoCurrency in an internal wallet which can be used to purchase game currency, media such as Movies & Music and even exchange the CryptoCurrency for other currencies. The terms of the agreement are as follows: Signature Devices, Inc. through its subsidiary Graffiti Entertainment has received tokens from the initial allocation of CryptoCurrency as an asset to the company. Roger Arias, CEO of Graffiti Entertainment commented that “The cryptocurrency asset of approximately $ 3.5 million will allow Graffiti Entertainment to earn this crypto by activating the blockchain system in games where games will have the flexibility to be completely free in addition to providing support for non-fungible tokens (NFTs). ”The cryptocurrency is based on the Ethereum blockchain and uses smart contracts for the payment system and a fast off-chain system for processing money. ‘IA. There are various devices that will be able to earn CryptoCurrency by using GPU idle time for AI processing. Graffiti Games intends to allow each device / device owner to receive 70% of the payments for this processing, Graffiti will receive 20% and Genius Ventures, Inc will receive 10% as a license fee.
Based in Sheridan, Wyoming, Signature Devices, Inc. (
www.signaturedevices.com) (OTC PINK: SDVI) is a holding company with a subsidiary that develops and publishes various multimedia products including video games and mobile applications through Graffiti Entertainment, Inc.
650-654-4800 ext. 111
THE SOURCE: Signature Devices, Inc.
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