Ayre Group–nChain CHF half-billion deal shakes up trillion-dollar blockchain and Web3 sectors
Ayre Group founder and Antiguan/Canadian citizen Calvin Ayre has finalized agreements to take a controlling interest in nChain , the global leader in blockchain and Web3 technology, in a deal that will transform the trillion-dollar blockchain and Web3 sectors.
- Ayre Group founder and Antiguan/Canadian citizen Calvin Ayre has finalized agreements to take a controlling interest in nChain , the global leader in blockchain and Web3 technology, in a deal that will transform the trillion-dollar blockchain and Web3 sectors.
- The deal, believed to be the single largest enterprise blockchain IP investment to date, will see Ayre Group invest up to a total of CHF500 million (€516 million/£443 million).
- The sum consists of an equity acquisition of nChain by the Ayre Group, an IP licensing deal for Ayre Ventures portfolio companies, and a line of credit.
- nChain’s IP is the DNA of the new internet, encompassing Web3 precursors, non-fungible tokens, smart contracts, and everything in between.