Good morning everyone…
Way back in March 2021, we (Social Leverage Acquisition Corp – $SLAC) launched a SPAC. I went on the ‘Odd Lots’ podcast to talk about all things SPAC and why we did it.
Today, I am thrilled to announce $SLAC has agreed to combine with W3BCLOUD to continue building and growing a leading developer platform that powers Web3. The press release is here with more details.
Social Leverage Acquisition Corp I has $345 million in trust and has received commitments from AMD, ConsenSys, SK Inc. and others for an additional $50 million in new investments
* W3BCLOUD provides the storage and compute infrastructure needed to power Web3
* W3BCLOUD has been a joint venture among AMD, ConsenSys, and the company’s founders.
* W3BCLOUD’s management team is experienced and diverse, the founding partners (AMD & ConsenSys) have deep domain experience and skin in the game, and the recent volatility in the sector is a level set for the significant demand anticipated ahead in/for compute and infrastructure needed for NFT and Web3 companies/projects.
* Read more about the proposed transaction in our press release and investor presentation, including important disclaimers investors.
I will share more as I can.
Have a great day.