Wikisoft Corp. recently announced that it has acquired 51% of Etheralabs LLC a New York City based venture lab and ecosystem that invests in, builds, and deploys disruptive technologies across the Blockchain space.

Wikisoft's vision is to combine the company's massive amount of data on start-ups, funds and investors with Etheralabs' disruptive Blockchain technology to accelerate finance partnerships between startups and investors - Wikisoft providing the relevant data intelligence and direct investment opportunities and Etheralabs providing the Blockchain expertise and technology on contract execution.

Carsten Kjems Falk, Chief Executive Officer of Wikisoft Corp. said, "Our upcoming Wikifunding platform enriched with Etheralabs' disruptive Blockchain technology will enable startups to connect to venture capital, funds and investors for funding in an automated, secure and transparent way. Investors, funds and venture capital will likewise have an efficient way of finding prospects and making the right investments."

Bryan Feinberg, CEO and Founder of Etheralabs commented: "Wikisoft's data capabilities coupled with our background in transforming large data ecosystems into vibrant venture communities creates a way to accelerate and disrupt the funding process."

Extending far beyond bitcoin and cryptocurrencies, Blockchain technology is cutting out the middleman in most business sectors. A survey from the World Economic Forum underlines the transformation this technology will bring to the financial services sector with expectations of at least 10% of the global GDP being stored on Blockchain platforms by 2025. Deloitte recently wrote that 23% of the fund order process is still being handled manually, mainly though fax orders which have a significant impact on distribution costs and time. The fund sector that is seeking levers for processing optimization and that relies a lot on financial service intermediaries such as transfer agents, fund registries, and fund administrations will be particularly impacted. Blockchain could disintermediate the fund value chain and Escrow accounts, Transfer agents and fund administration would not be needed anymore reducing a lot of time to execute the transfer of value in a secure, transparent and automated way. The Blockchain has the power of an earthquake that would shake to the ground the whole funding industry.

The upcoming Wikifunding platform has an ambition to be at the frontier of startup funding and investment, bringing decentralization, security, immutability, and transparency to the fund distribution and administration market causing the first tremors in the funding industry.

This press release does not constitute an offer of any securities for sale.