DMG Blockchain Solutions Announces Issuance of U.S Patent for Custom Mempool Protocol, Participation at Upcoming Investor Conference

VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) ("DMG"), a leading vertically integrated blockchain and data center technology company, announces the issuance of U.S. Patent No. 11,810,103 by the U.S. Patent and Trademark Office (USPTO). The patent covers DMG's innovative Custom Mempool Protocol for processing cryptographic events.

This patented system allows applications to send events to hashing processors that operate on a custom mempool protocol, separate from the public blockchain protocol. Events are hashed only with other events that meet specific screening criteria, preventing transactions from being propagated to external nodes. This system enhances control over which events are processed, improving security and privacy.

“This patent strengthens DMG’s commitment to developing secure, scalable digital asset solutions that give users more control over their transactions,” said DMG’s CEO, Sheldon Bennett. “It’s a key element of our Core+ strategy, particularly our Petra technology. Petra is designed to offer financial institutions and sophisticated ordinal artists the ability to conduct transactions using DMG’s Terra Pool, which operates in a carbon-neutral and regulatory-compliant environment.”

This patent forms the foundation of DMG's previously announced Petra technology, which has been successfully applied by both financial institutions (DMG and Zodia Custody Successfully Test Blockseer’s “Petra” Platform, October 20, 2021) and ordinal creators (DMG Blockchain Solutions Reiterates Leadership in Bitcoin Blockchain Services, March 01, 2024).

DMG Management at the ArcStone-Kingswood Growth Summit on September 26 in Toronto

DMG’s management will present at the ArcStone-Kingswood Growth Summit 2024, held on September 26th from 8:00 AM to 5:00 PM ET at the Sheraton Centre Toronto Hotel, 123 Queen St West, Toronto. To learn more about the event, visit arcstoneglobalsecurities.com/growth-summit. Register at GrowthSummit2024.eventbrite.ca.

Grant of Stock Options and RSUs

In addition, DMG announces the granting of stock options and RSUs to employees and directors of the company. A total of 398,920 stock options ("Options") and 2,000,000 restricted stock units ("RSUs") have been granted. The Options are exercisable over five years at a price of $0.48 per share, with vesting in 25% increments on the six-, 12-, 18-, and 24-month anniversaries of the grant date. The RSUs vest in one year; these grants are designed to create an incentive structure that aligns longer-term performance with the Company's growth.