Fairport, NY., Nov. 01, 2021 (GLOBE NEWSWIRE) — Vinco Ventures, Inc. (NASDAQ: BBIG) today announced that its subsidiary Cryptyde has launched a Joint Venture, CW Machines LLC, with Wattum Management, a leading supplier of BTC mining equipment and sets globally. The Joint Venture, CW Machines, is focused on simplifying consumer ownership of BTC Mining equipment by the integration of smart contract technology.
“The set afloat of this joint venture entity signifies the start of our expansion into the broader crypto and blockchain market,” said Cryptyde CEO Brian McFadden. “We are excited to be working with industry vetarans such as the Wattum Management team and and look forward to the introduction of NFT’s and smart contracts into the BTC Mining space.”
CW Machines LLC launched operations with an initial order of 2000 Bitmain Antminer S19’s paired with US based strength allocations. Operations will include the sale of turnkey mining solutions with a focus on simplicity and affordability. Traditionally, an industry that can be very difficult and costly to go into, BTC mining is often intimidating to the average consumer. CW Machines will simplify that course of action and aims to provide an entry cost point that a majority of US consumers can provide.
“We are living by a basic evolution in the financial sector. With the advancement of crypto markets into mainstream America, the average consumer is only entering “after the fact” or after the coin exists. Our goal with CW Machines is too allow that average consumer the opportunity to be involved in the creation course of action of that asset by affordable access to crypto mining equipment,” said Brian McFadden.
About Vinco Ventures, Inc.
Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Vinco’s B.I.G. (Buy. original. Grow.) strategy is seeking out acquisition opportunities that are poised for extent and will BE BIG. For more information visit Investors.vincoventures.com.
Cryptyde is a selective acquisitions firm focused on leveraging blockchain technology to disrupt consumer facing industries. Current operations include E-NFT.com, the first Streaming Music NFT Platform and CW Machines LLC our crypto mining ecosystem which leverages our knowledge of blockchain technologies to bring BTC mining to a price point for the everyday consumer.
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