Descrypto Holdings Enters into a Definitive Agreement to Acquire OpenLocker, Inc.

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Howard Gostfrand

Howard Gostfrand

Chief Executive Officer
Tel: (305) 351-9195

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Descrypto Holdings Enters into a Definitive Agreement to Acquire OpenLocker, Inc.

This Marks the First Acquisition by Descrypto in its Plan to Lead the way in the Digitization of Sports Related Assets

West Palm Beach, FL., May 24, 2022 (GLOBE NEWSWIRE) — Descrypto Holdings, Inc. (“Descrypto” or the “Company”) (OTC: DSRO) a sports and entertainment focused NFT and blockchain holding company is pleased to announce that it has entered into an Agreement to acquire OpenLocker, Inc.

In a transaction valued at approximately $5,000,000, Descrypto will acquire OpenLocker Inc. (the “Acquisition”) with Descrypto common stock.

OpenLocker, based in Red Bank, N.J., is a leading innovator in utilizing Blockchain technology to provide digital ownership of NFT’s for college athletes as well as thoroughbred racing’s biggest stars.

“We are very pleased to have entered into this Agreement with OpenLocker. The company has proven through completed Name, Image and Likeness (N.I.L.) deals that it has the right formula for success in this growing space. We see a tremendous opportunity for further growth with the OpenLocker Brand. We look forward to sharing our progress with our shareholders.” said Howard Gostfrand, CEO of Descrypto Holdings, Inc.

Brian Klatsky, CEO and Founder of OpenLocker commented “Our acquisition by Descrypto provides even more depth and growth opportunities than we could have had as a private company. This is a powerful alliance that presents a very compelling investment opportunity for investors.”

Descrypto Holdings, Inc. is a diversified sports and entertainment NFT and blockchain platform and holding company. We are focused on NFT and blockchain infrastructure providing investors an opportunity to invest directly into the emerging industry with exponential growth opportunities. Descrypto is focused on delivering shareholder value by acquiring and developing high-quality companies and key personnel while increasing the value and adoption of blockchain technologies worldwide.

About DesCrypto Holdings Inc. (OTC: DSRO)

Descrypto is a holding company focused on blockchain technology and digital assets, including the world of non-fungible tokens (NFTs) and the metaverse. Descrypto is currently focused on the sports and entertainment aspects of NFTs including building out a creative studio and NFT platform for the development of crypto art, NFT development and digital entertainment. Descrypto also intends to provide consulting and support services related to the development of decentralized autonomous organizations (“DAOs”).  Through its subsidiary, OpenLocker, Descrypto is connecting fans and athletes with innovative digital collectibles and through OpenStable, which is part of the OpenLocker ecosystem, Descrypto is providing the first thoroughbred racing digital collectibles to a growing next generation of fans.  In general, Descrypto is focused on delivering shareholder value by acquiring and developing high-quality companies and key personnel while increasing the value and adoption of blockchain technologies worldwide. 

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