WRIT Media Group, Optical Digital Transmission Firm Ink MOU for Crypto Mining Transistor Technology.
M2 EQUITYBITES-January 23, 2018-WRIT Media Group, Optical Digital Transmission Firm Ink MOU for Crypto Mining Transistor Technology
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23 January 2018 - US-based media and software company WRIT Media Group, Inc. (OTCQB: WRIT) has signed a memorandum of understanding with Optical Digital Transmission Company to purchase 10% of the outstanding equity in ODTC and to collaborate on the development of crypto mining processor technology, the company said.
Optical Digital Transmission Company has developed an optical transistor technology, as registered under US patent US7053359B2, which uses optical transistors for computing.
Optical transistors have the potential to exceed the speed of electronic transistors, while consuming less power and emitting less heat.
In addition to bringing innovative crypto mining technology to WRIT's Pelecoin software platform, the new deal will include partial ownership in the US patent, which has value across a wide variety of other computing systems.
WRIT Media's Pelecoin is a token which is emitted based on the Pelecoin software platform that enables the simultaneous "mining" of a basket of up to fifty crypto-currencies, combined with a trading algorithm that liquidates the most profitable coins and/or trades between them to make the basket more valuable.
In addition to enhancing the features of its Pelecoin technology, WRIT Media Group is investing in client acquisition across all businesses and geographies that will benefit from its Pelecoin platform, including large, established organizations as well as emerging growth companies.
As a result, WRIT Media intends to accelerate growth by adding new business lines, new clients and expanding the digital currency "mining" capabilities of existing clients, as well as develop new revenue models for business growth.
Pelecoin is now available to the public by registering for a free Pelecoin account and by downloading the Pelecoin miner in order to start mining.
WRIT Media is a diversified media and software company whose operations include digital currency software development, including trading platforms and Blockchain solutions, content production and distribution; and video game distribution via mobile platforms.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jan 23, 2018|
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