VRJAM acquires Montage, to power the development of revolutionary new DeFi technology
Jonathan Griffit, CEO, and Geivon EG Cisneros, Co-founder of Montage, step into the spotlight as VRJAM announces its acquisition of KnotNFT Inc, a Silicon Valley startup supported by venture capital. This strategic move signifies VRJAM’s commitment to pioneering a groundbreaking decentralized finance solution, emphasizing community engagement and NFT technology. Since its inception in 2017, VRJAM has led the charge in integrating Web3 technology with immersive software, serving corporate clients across live events, brand marketing, and the creator economy sectors.
VRJAM’s recent adoption of the Hedera Network expands its Web3 solutions, addressing current market challenges encountered by alternative coin projects. With the acquisition of KnotNFT, VRJAM gains control of the Montage NFT trading and royalty distribution platform. This integration positions VRJAM to offer clients an accessible method for minting NFTs using specialized tokens representing locked liquidity in a project. Furthermore, the Montage technology stack will enable the development of a token bond trading solution, seamlessly interfacing with other decentralized finance solutions slated for release in 2024.
The incorporation of Montage technology also empowers VRJAM to enlist community members as advocates and promoters, granting them a share of revenue from trading token bonds as royalties. Originally tailored for the Ethereum network, VRJAM plans to enhance the Montage app to function on any Ethereum-compatible or ‘EVM’ network, facilitating trading across various networks and secondary platforms. Jonathan Griffit, CEO, and Geivon EG Cisneros, Co-founder of Montage, express enthusiasm about contributing to VRJAM’s ecosystem, foreseeing Montage playing a pivotal role in shaping the future of Web3 and decentralized finance.
