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Blockchain Foundry Inc. (OTCMKTS:BLFDF) (CNSX:BCFN) Stock Pulls Back After The Recent Rally

Madison Hall , , , , , , , ,

Blockchain Foundry Inc. (OTCMKTS:BLFDF) (CNSX:BCFN) fell 11% after announcing that its partner Cabotica had sold out the exceptional Catbot NFT collection in a ten-hour public sale.

Market Stats

On Friday, BLFDF stock slid 11.66% to $0.1705 with 53.67K shares, compared to its average volume of 36.45k shares. The stock has moved within a range of $0.1700 – 0.2000 after opening trading at $0.18.

Catbotica, a 12,000 NFT collection developed by Genesis Arc and Blockchain Foundry sells out after 10-hour public sale

BCF’s creative NFT tech and Catbotica’s hand-drawn interactive digital assets were used to create and deploy the Catbot NFT assortment. The total revenues from the transaction were 1,124ETH, or around CAD$3.9M at current pricing. In addition, BCF has received a percentage of the proceeds from this sale in exchange for its support with the CATBOTICA NFT drop and a minority stock stake in Catbotica LLC, a firm founded to manage Catbotica’s continued innovation and NFT initiatives.

Catbotica’s one-of-a-kind, hand-crafted Catbot collection drew animation and NFT fans promptly following the start of the presale on January 14, 2022, and within ten hours of the start of the public sale, they had sold on January 19, 2022. Catbotica CEO Jin Kim stated that the sale is a massive move on the path towards a fully-immersive universe.So in the coming weeks, investors should watch BLFDF.

Key Quote

“We are so thrilled at the results and so very proud of our team. Catbotica is geared to make its mark on the metaverse. This is the first big step on our road to the fully-immersive Catbotica universe. The care that went into the Catbots™ is astonishing. There are over 450 hand-drawn assets in over 9,000 layers used to create the Catbots, meaning each one will be completely unique. It’s been a great journey to work with the artists and team, and we’ve solidified our partnership into the future. We’re glad you’re here to join us,” said Jin K. Kim, CEO of Catbotica.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.