Blockchain and digital asset technology company, Net Savings Link Inc (OTC:NSAV) announced the unveiling of TruSAF, a Crypto Hacking Solution. A breakthrough solution, TruSAFsis the first and only kind aimed to be a permanent solution to the hacking problem.
A groundbreaking advancement, the technology keeps digital assets off grid, besides giving the ability to access them at any time. In 2022, the industry lost about $4 billion due to hacking.TruSAF solves a significant problem across industries and encompasses three main components:DocuSAF, CryptoSAF, and MedSAF. There are reports of four million sensitive documents being stolen each hour and a billion dollars of medical information sold every day. NSAV will prepare a tutorial video, to showcase the extraordinary aspect of TruSAF.
NSAV announced that the firm has bought a 40% stake in the state-of-the-art NFT Marketplace. The company’s management opines that the acquisition has a brilliant synergy with the crypto hacking solution and integration can create a compelling combination.
NSAV’s vision is to establish a completely integrated technology company, which gives turnkey technological solutions to blockchain, cryptocurrency, and digital asset industries. The firm is planning to give a range of services like e-commerce, software solutions, financial services, information technology, and advisory services.
Net Savings Link also announced that the firm has restructured the terms of the acquisition of AWC Centralized Cryptocurrency Incubator Exchange. The firm postponed the initial $2.5 million due from NSAV under the original terms. Amendment cancels $2.5 million non-convertible note, due to Active World Holdings Incin December 2023.
The entities agreed on amending the original terms of acquisition as well as a promissory note of $250,000 payment for the creation of a new Joint Venture. The JV will involve creating a subsidiary in European Union jurisdiction, for managing the new business activity. This will lower upfront capital commitments as well as limit dilution to NSAV shareholders.
AWH and NSAV entered into a formal Joint Venture for forming a new subsidiary, to develop exchange into a versatile Web3 rewards platform, with a focus on metaverse, gaming as well as entertainment.
NSAV will create a wholly-owned subsidiary for the operation of JV and the plan calls for the subsidiary to be PCOAB audited. The JV is aimed to complete targeted goals in the next year and grow the user base both through acquisitions and organically.
AWC exchange can list both BEP-20 and ERC-20 tokens under the current structure. It will also allow for secure storage of NFTs through upgrades. Evolution to a complete Web3 rewards platform will entail the addition of both decentralized and centralized technologies for expanding capabilities and rewards.
AWC management projects on user numbers reaching 5,000, estimated monthly revenues will be about $1,500,000 for the JV. Existing AWC management would operate the exchange for ensuring high standards of service and continuity.