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InFocus and Mythos Group Join Forces for Future Tech

In a decisive move towards future technology ventures, InFocus Group Holdings Limited (ASX: IFG) has announced the launch of InFocus Digital Ventures, in collaboration with the Mythos Group. This new initiative aims to delve into the burgeoning fields of blockchain, artificial intelligence (AI), and Bitcoin, while being backed by a substantial 10 million AUD financing package from the Asia-Pacific digital asset powerhouse, Mythos Group.

The Vision Behind InFocus Digital Ventures

Ken Tovich, the CEO of InFocus, emphasized the potential of InFocus Digital Ventures as a platform merging existing products and services with the future landscape of digital assets. He stated, “With Mythos as a long-term partner, we now possess the capital, expertise, and structure to launch ventures in blockchain, AI, and Bitcoin. Our approach is strategically aligned to drive revenue growth from the onset.”

InFocus is not only positioning itself as a leader in technology innovation but is also tapping into the increasing demand for digital asset solutions in today's market.

Strategic Financial Structure

As part of the funding initiative, InFocus will initially utilize 2.5 million AUD within the week to invest in the Monochrome Bitcoin ETF, secured on the CBOE IBTC platform. This investment not only grants InFocus an indirect position in Bitcoin at an institutional level but also retains the flexibility to liquidate the investment in cash or Bitcoin as market conditions dictate.

The total issuance of the 10 million AUD convertible note remains subject to shareholders’ and regulatory approvals. A long-term lock-up period of up to 360 days for issued shares is also in place for Mythos and other investors, a measure intended to bolster the alignment of aims between InFocus and Mythos.

Driving Innovation with AI and Cybersecurity

InFocus Digital Ventures is set to serve as an incubator for projects that leverage InFocus's proven capabilities in AI, cybersecurity, and software engineering. The strategic goal is to emerge as a leading provider of blockchain-based services, where innovation meets the pressing need for security and intelligence in digital transactions.

This focus aligns with the growing trend of businesses seeking to harness blockchain technology for improved efficiency and transparency in operations. By spearheading these initiatives, InFocus aims to set industry standards and pave the way for the broader adoption of blockchain technologies.

About InFocus Group

InFocus Group Holdings Limited is recognized for its expertise in data intelligence and software solutions, boasting a profound skill set in data analytics, software and platform development, and cybersecurity. The company's dedication to leveraging emerging technologies positions it as a forward-thinking player in the software landscape.

Insights on Mythos Group

The Mythos Group stands as a multi-strategy holding company, primarily focused on the digital asset ecosystem with a strong foothold in the Asia-Pacific region. By investing in early-stage crypto startups and engaging directly in Bitcoin-backed corporate financing strategies, Mythos aims to streamline the transition of capital from traditional markets into the digital asset arena. Through this partnership, both groups seek to enhance the understanding and adoption of blockchain technology in its various forms.

The collaboration between InFocus and Mythos signifies a crucial step in the evolution of digital ventures, potentially revolutionizing industries through the integration of blockchain and AI technologies. Stakeholders and enthusiasts alike can expect exciting developments as these companies embark on their journey towards innovation in digital assets.