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Calvin Ayre's Ayre Group Acquires Majority Stake in nChain in Blockbuster $570M Deal

Written by:

Aaron Goldstein

Published on:

Aug/01/2023

Ayre Group has taken a controlling interest in blockchain and web3 IP library nChain in a $570 million deal. The deal is significant as it involves IP licensing for Ayre Ventures portfolio companies.

“For the better part of a decade, nChain and its London-based Chief Scientist Dr. Craig Wright have been quietly amassing a patent portfolio of unparalleled scope, literally the foundational elements of enterprise blockchain, AI and Web3. My goal is to accelerate the pace of nChain’s development and increase the commercial adoption of its extensive IP library,” says Ayre Group founder Calvin Ayre. “There isn’t a single blockchain or Web3 project out there that isn’t standing on the shoulders of nChain’s patent library—the earliest, largest, and highest quality collection in this space.”

The number of patents is staggering. Thus far nChain claims approximately 800 technology patents with over 3,000 more awaiting approval.

"nChain's bold mission is to catalyse an unprecedented transformation, propelling the world from Web2 to Web3 at an astounding pace. This ground-breaking shift will not only revolutionise our lives but also shake the very foundations of industries far and wide. With Calvin's unwavering dedication and visionary leadership, nChain is poised to spearhead the creation of a trillion-dollar ecosystem, leaving an indelible mark on the world, making it a better place for generations to come,” says Christen Ager-Hanssen, nChain´s Group CEO.

Ayre Group's founder, Calvin Ayre, is a look time friend of the Gambling911.com website. We anticipate more information forthcoming over the next few days.

- Aaron Goldstein, Gambling911.com

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