Santo Blockchain Labs Signs NFT Software Development Agreement for Fractalization of Land Gold Mining Rights
AVENTURA, Fla. and MEDELLIN, Colombia , March 6, 2023 /PRNewswire/ — Santo Mining Corp., dba Santo Blockchain Labs (OTC PINK:SANP) announces today that it has entered into an NFT software development agreement with Vegachi Holdings SAS; this agreement is to develop a series of NFTs related to the fractalization of land with gold mining rights. Pursuant to this agreement, Santo will receive a 3% transaction fee for the sale of each NFT, including a 1.5% royalty fee for each future transaction of minted NFT.
Mr. Yglesias CEO of Santo stated: “This is a great opportunity to showcase our vast NFT development experience, being able to incorporate all the legal documentation and titles of the land into an NFT that will constantly change as the historical and the future value of land and dead owners changes. In addition, the transaction fee structure will ensure recurring revenue for the company.”
Mr. Hassan Mustafa lead attorney of Mustafa & Associates and legal representative of Vegachi Holdings SAS in Medellin Colombia stated: “We are happy to work in this project and be able to bridge LawTech & FinTech with digital assets, ensuring that the traditional legal world can be connected and integrated with blockchain and digital asset technology.”
ABOUT VEGACHI HOLDINGS:
Vegachi Holdings SAS has 345.94 acres of land located in VegachÃ, Antioquia Colombia, with gold mining rights issued by the Government of Antioquia. The company has conducted a lidar drone scan and a geological test of topsoil and has shown 18 grams of gold per metric ton, according to the World Gold Council, Colombia produced 26.8 tons of gold in 2020.
ABOUT SANTO:
The company is a vertically integrated blockchain and cryptocurrency company that manages, operates and develops end-to-end “BaaS” Blockchain-as-a-Service, similar to software-as-a-service, blockchain as a service allows businesses get applications up and running with minimal issues.
For more information, please visit: https://santoblockchain.com/
FORWARD-LOOKING STATEMENTS:
Because we want to provide more meaningful and useful information, this disclosure statement contains certain “forward-looking statements” (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements reflect our current expectations regarding our possible future results of operations, performance and performance. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, regulation by the Securities and Exchange Commission and common law.
Such statements use such words as “may,” “would,” “will,” “intend,” “expect,” “believe,” “plan,” “anticipate,” and other similar terminology, specifically, and without to limit the generality of the foregoing, this report contains forward-looking statements relating to (i) expectations regarding the future trading and value of bitcoin (ii) the expected performance of the Company, including expected future revenue and profits and the number of machines (iii) the expected timing and ability of the Company to further expand internationally (iv) the Company’s ability to complete future acquisitions (v) anticipated future expenses of the Company (vi) the Company’s business plans and objectives, including the expansion of ATMs, its relationship with the Company’s multiple hosts and resellers and the integration and success of new software and online services (vii) the expected timing of mining and introduction of additional bitcoin (viii) the expected success and integration of the Company’s SA NTO PAY Software (ix) expectations regarding the increased use of bitcoin as payment and (x) the Company’s goals with respect to its expected future sources of revenue (including online revenue) and the timing thereof By their nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, giving rise to the possibility that predictions, forecasts, estimates and other forward-looking statements will not be achieved Forward-looking statements are based on management’s opinions, estimates and assumptions in light of their experience and perception of historical trends, current conditions and expected future development, as well as other factors that management currently believes are appropriate and reasonable under the circumstances, including expectations and assumptions regarding current exchange rates and differences in exchange rates, the adequacy of budgeted capital expenditures to carry out planned assets, the timing of future acquisitions, the economy’s condition and the bitcoin industry’s results of operations business prospects and opportunities the impact of competition the ability to effectively integrate assets and employees acquired through acquisitions and capital markets in general No assurance can be given that the underlying opinions, estimates and assumptions, and accordingly forward-looking statements and actual results, will prove to be correct.
SOURCE Santo Mining Corporation aka: Santo Blockchain Labs
