SkyChain collaborates with Synergy Global Announce to Create a VFX Rendering Company

SkyChain Technologies Inc., a Vancouver based company, providing Blockchain Infrastructure services and power solutions, in a recent announcement has stated that it has entered into an agreement with Synergy Global Consulting Corp. to establish a joint venture company that provides premier visual effects (VFX) and renders services to the film and entertainment industry. The company also aims to become a full IAAS (Infrastructure as a Service) provider in 2021.

Under the terms of the agreement, the total $800,000 investment will be in the joint venture company's equity stake. The $800,000 investment will comprise $400,000 from SkyChain and another $400,000 from an investment company. SkyTrain will have the right to appoint three out of six members of the joint venture's board. It is said that the long-term investment in the next project phase will be approximately over 1.5 million Canadian dollars.

SkyChain and Synergy will sign a final agreement by the end of April 2021 and are projecting to have the business up and running for service by August 20th, 2021. The company's primary vision is to become a leading player in crypto/data mining hosting by growing to 100Mw of crypto hosting capacity and providing the best in-house VFX services.