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FROM BANK OF AMERICA’S JUNE 2022 RESEARCH REPORT

“Global Cryptocurrencies and Digital Assets”

1. Investment focus remains on the rapid development and disruptive nature of blockchain technology, despite falling token and equity prices.

2. Blockchain technology delivers the most significant evolution of software since the internet.

3.The emerging ecosystem of Web 3.0 applications has the potential to transform every industry.

“Digital assets are software and software is eating the world.” - Marc Andreessen,

former CEO of Netscape founded in 1994 and currently co-founder and General Partner of Silicon valley venture capital firm Andreessen Horowitz.

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DISCLAIMER This material does not constitute an offer or solicitation to purchase an investment.

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