• Animoca Brands Founder and Chairman, Yat Siu has engineered the merger of CryptoSlam and Forkast.News.
• The combined entity has now been renamed Forkast Labs which will offer data about the Non-Fungible Token (NFT) world and video journalism tailored to the cryptocurrency ecosystem.
• Both Randy Wasinger, founder of CryptoSlam, and Angie Lau, founder of Forkast.News, will co-lead the firm as Chief Executive Officers.
Animoca Brands Founder and Chairman, Yat Siu, recently orchestrated the merger of two of the companies in his portfolio, CryptoSlam and Forkast.News. This merger has resulted in the entity being renamed Forkast Labs, which will provide a combination of the services on offer from each of the two entities. CryptoSlam offers a platform for curating data about the Non-Fungible Token (NFT) world, while Forkast.News provides video journalism tailored to the cryptocurrency ecosystem.
The merger of these two companies was made possible through the efforts of Yat Siu, who introduced the founders of each entity, Randy Wasinger from CryptoSlam and Angie Lau from Forkast.News, in order to get the discussion for the merger off the ground. The combined entity will have around 60 staff members, with both Lau and Wasinger leading the firm as Chief Executive Officers. There are currently no details shared about the size of the deal or which of the two founders will have a larger stake in Forkast Labs.
The aim of this merger is to devise creative means to attain profitability, in a bid to further cushion the growing strain in the digital currency ecosystem. This merger allows the two entities to collaborate and make use of their shared resources to create a stronger, more unified platform with which to provide services to their customers. By combining their efforts, Forkast Labs is hoping to make a greater impact on the digital currency ecosystem, as well as to provide a better service for their customers.
The merger of CryptoSlam and Forkast.News is the latest effort from Yat Siu and Animoca Brands to expand and make a larger impact on the digital currency ecosystem. Yat Siu has long been a leader in the field, and this merger is just one example of his commitment to seeing the industry thrive. With the combined forces of CryptoSlam and Forkast.News, Forkast Labs is hoping to make a strong statement and prove that it can contribute to the digital currency industry in a meaningful way.