Signature Devices, Inc. (OTCPK:SDVI) has received 1 million Genius Tokens valued at approximately $3.5 million from Genius Ventures, Inc., supporting their joint venture in cryptocurrency. The tokens, equivalent to 1/1000th of Ethereum, will be utilized in video games developed by Graffiti Entertainment, a subsidiary of Signature Devices. This cryptocurrency, a utility token, will allow users to earn tokens through AI processing during idle gaming times. Graffiti will distribute 70% of the earnings to device owners while retaining 20%, with Genius Ventures receiving a 10% licensing fee.
Signature Devices (OTC PINK:SDVI) has released its financial details and updates in compliance with SEC rules on the Pubco Info website. This includes quarterly financials from 2019 to mid-2021. The company has reacquired Graffiti Entertainment and appointed Roger Arias as a board member to enhance its gaming portfolio. A $50,000 investment will integrate AI into their games. Additionally, Signature Devices has ceased operations of Innovo Technologies and Nano 101 due to pandemic-related challenges, shifting focus towards embedded cryptocurrency and NFT gaming.