It was announced that the deal between TheBit Daily and Spherix had been finalized on March 27. TheBit shares through special guides its knowledge and understanding of the blockchain technology. Custom-curated newsletters are available to the users with the latest updates on the technology and cryptocurrency. Interviews with industry leaders is a crucial part of the resource.
When Bitcoin was booming in 2017, friends asked us constantly how to participate in its explosive growth. That's when we realized there was a lack of education in the space. Articles and media were geared towards highly complex and technical information. TheBit Daily was born out of the need to simplify blockchain for everyone.
Co-Founder, TheBit Daily
TheBit has some plans regarding expansion: it's going to include community sourced resource discovery, international videos and access to social network focused on the blockchain ecosystem.
Our investment in TheBit provides our shareholders another opportunity to participate in the growing blockchain and cryptocurrency space, while also being accretive to our proposed acquisition of DatChat. As the Company moves into the blockchain space, TheBit provides our shareholders and other users with clear and easy to understand information about blockchain and cryptocurrencies. This investment will seek to diversify our revenue base as we help incubate and grow a fantastic startup. This is a true win-win.