Latest news with #TrustNFT
Associated Press
30-06-2025
- Business
- Associated Press
Silver Scott Mines, Inc. Launches TrustNFT.io's Blockchain Authentication Platform for Cannabis Industry
New ' Platform Combats Counterfeiting, Enhances Compliance, and Unlocks New Revenue Streams for Cannabis Brands FRANKLIN, NEW JERSEY / ACCESS Newswire / June 30, 2025 / Silver Scott Mines, Inc. (OTC:SILS), a leader in blockchain-powered security solutions, today announced the official launch of , a groundbreaking NFT-based platform designed to eliminate counterfeit cannabis products, ensure regulatory compliance, and drive customer engagement through blockchain technology. With counterfeit cannabis products costing legitimate businesses up to 15% of annual revenue and regulatory scrutiny increasing, provides an immutable, transparent, and consumer-friendly solution to verify product authenticity from seed to sale. How It Works Each cannabis product is assigned a unique NFT linked to:Lab test results (THC/CBD %, contaminants) Strain genetics & grower details Expiration dates & batch tracking Consumers simply scan a QR code to confirm authenticity before purchase, while brands and regulators access a tamper-proof blockchain ledger for compliance. Key Benefits for the Cannabis Industry 'The cannabis industry loses millions to counterfeiters and inefficiencies,' said Stuart Fine, CEO at Silver Scott Mines, Inc. ' gives brands a turnkey way to fight fraud, build trust, and monetize their products in ways that weren't possible before.' Pilot Program Potential Results Leading cannabis brands, that implement platform, can anticipate:10-15% reduction in counterfeit losses 30% faster compliance reporting $50K-$500K in new NFT-driven revenue annually Availability is now available for licensed producers, dispensaries, and edible manufacturers. To celebrate the launch, Silver Scott Mines is offering 500free NFTs to the first 10 brands who sign up at About Silver Scott Mines, Inc. Silver Scott Mines, Inc. (OTC: PINK: SILS) invests in cutting-edge blockchain and AI technologies for regulated industries. Its subsidiary, specializes in anti-counterfeiting and customer engagement solutions for cannabis, pharmaceuticals, and luxury goods. Media Contact: Stuart Fine CEO Silver Scott Mines, Inc. 908-356-9852 X: SOURCE: Silver Scott Mines, Inc. press release
Associated Press
30-05-2025
- Business
- Associated Press
TrustNFT.io Announces TrustNFT - AV: A Blockchain Solution for Name and Age Verification
FRANKLIN, NJ / ACCESS Newswire / May 30, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS) today unveiled TrustNFT - AV, a streamlined version of its blockchain-based identity platform, TrustNFT - AV is purpose-built to verify only name and age, offering a secure, privacy-first solution for social media platforms, age-restricted events, and websites seeking to prevent underage access and reduce the risk of fake IDs. Addressing the Challenge of Age Verification 'Traditional age verification methods are not only invasive but also easily circumvented by fake IDs and data leaks,' said the TrustNFT development team. 'TrustNFT - AV puts privacy and security at the forefront, providing a blockchain-secured credential that is both tamper-resistant and user-controlled.' Key Features of TrustNFT - AV Target Markets TrustNFT - AV is tailored for: By providing a secure, verifiable, and privacy-preserving way to check age and identity, TrustNFT - AV helps organizations comply with regulations and protect minors from unauthorized access. Reducing the Risk of Fake IDs Unlike traditional verification systems that rely on easily forged physical documents, TrustNFT - AV's blockchain-based approach makes it significantly harder for underage users to gain access using fake credentials. Each verification is cryptographically signed and instantly auditable, giving platforms and event organizers confidence in compliance and safety. About Silver Scott Mines, Inc. (OTC PINK:SILS) Silver Scott Mines, through its digital innovation division, Silver Scott Digital, is dedicated to building blockchain-secured financial and identity tools for next-generation compliance, transparency, and user sovereignty. TrustNFT is the company's flagship platform for digital identity and private market infrastructure. For more information or to partner with TrustNFT - AV, visit . Contact: Stuart Fine, CEO 908-356-9852 #TrustNFT #AgeVerification #BlockchainIdentity #OTCSILS #DigitalCompliance #PrivacyFirst Disclaimer: TrustNFT - AV is in beta and not a registered identity platform. Use is subject to platform terms and verification requirements. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking Silver Scott Mines Inc press release
Associated Press
23-05-2025
- Business
- Associated Press
TrustNFT.io Partners with InvestReady to Enhance KYC Security for Accredited Investors
FRANKLIN, NEW JERSEY / ACCESS Newswire / May 23, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS) today announced that its blockchain-based KYC protection platform, will integrate InvestReady's industry-leading verification technology into its backend infrastructure, including both InvestReady's classic web2 API as well as its new web3 service, accreditoken. This strategic partnership enhances TrustNFT's ability to protect accredited investors in the wake of the recent data breaches that have exposed millions of customers' personal data. integration with InvestReady creates a robust compliance framework that maintains the highest standards of data security while streamlining the verification process for high-net-worth individuals. Enhanced Security Through Strategic Partnership decentralized architecture combined with InvestReady's SEC-compliant verification system creates a comprehensive solution that addresses the growing security concerns in the digital asset space. InvestReady, the leader in compliant accredited investor verifications since 2013, brings established expertise in handling sensitive investor data with privacy as a priority. 'This partnership represents a significant advancement in our mission to protect accredited investors and their identities,' said the TrustNFT development team. 'By integrating InvestReady's proven verification technology with our blockchain-secured platform, we're creating an unprecedented level of protection while maintaining full compliance with regulatory requirements." The integration specifically enhances TrustNFT's capabilities with: Addressing Critical Market Needs InvestReady's verification system will power TrustNFT's backend, allowing the platform to safely verify investor accreditation status while maintaining rigorous privacy standards. 'We designed InvestReady to carefully and safely confirm investment status without revealing private information to unauthorized parties,' said a representative from InvestReady. 'Our partnership with combines our verification expertise with cutting-edge blockchain technology, creating a solution that truly addresses the security challenges facing accredited investors today." InvestReady's new accreditoken process will allow for parallel onchain credentials on multiple chains, including Base, Avalanche, Polygon, Optimism, and Solana with more to come, allowing for multi-chain compliance out of the the Secure Future of Investment TrustNFT continues to invite investment platforms, fund managers, and accredited investors to participate in its beta rollout at . Early participants will now benefit from the added security and compliance features provided through the InvestReady integration. 'The future of private capital markets demands both innovation and trust,' added the Silver Scott Digital Team. 'By combining TrustNFT's blockchain security with InvestReady's established verification protocols, we're building that future today." About Silver Scott Mines, Inc. (OTC:SILS) Silver Scott Mines, through its digital innovation division, Silver Scott Digital, is focused on building blockchain-secured financial and identity tools that prepare markets for next-generation compliance, transparency, and user sovereignty. TrustNFT is the company's flagship platform in private market infrastructure. LinkedIn:X: About InvestReady InvestReady is the leading source of SEC-compliant investor verification for equity crowdfunding and generally solicited private placements since 2013. Their technology enables seamless and safe verification of accredited investor status while keeping personal information private and secure. InvestReady serves both individual investors and entities, providing multiple integration options for investment platforms. InvestReady: accreditoken: LinkedIn: X:Join the beta → #TrustNFT #KYCRevolution #AccreditedInvestorSecurity #OTCSILS #PrivateMarkets #BlockchainCompliance Disclaimer: TrustNFT is in beta and not a registered securities platform. Participation does not guarantee investment approval and is subject to platform terms and accreditation verification. Forward Looking Statements This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Contact Information Stuart Fine, CEO 908-356-9852 SOURCE: Silver Scott Mines Inc press release
Associated Press
20-05-2025
- Business
- Associated Press
TrustNFT.io Launches Beta to Protect Accredited Investors After Coinbase Breach Exposes Massive KYC Risk
FRANKLIN, NEW JERSEY / ACCESS Newswire / May 20, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS) today announced the beta launch of - a blockchain-based KYC protection platform specifically built for accredited investors and high net worth individuals (HNW). This coincides with the recent reporting of a $20 million ransom demand and the information of over a million users being compromised in the latest Coinbase hack, The Coinbase attack shook investor confidence in even the most reputable crypto platforms. With names, addresses, government IDs, and account details leaked - many through insider bribery - the message is clear: centralized identity systems are no longer secure. Reinventing Investor Identity Protection leverages blockchain technology to decentralize and encrypt Know-Your-Customer (KYC) data, giving accredited investors ownership and control of their compliance credentials across investment platforms - without storing them in vulnerable central databases. 'What happened at Coinbase isn't just a breach. It's a betrayal of trust - the kind that shakes global capital markets,' said the TrustNFT development team. 'TrustNFT is our answer - built to protect the people fueling the next generation of investment.' Key Features of the TrustNFT Beta: Unlike legacy systems, TrustNFT uses non-custodial ID tokenization and blockchain auditability to ensure user privacy, even when interacting with SEC-compliant private placements or tokenized asset platforms. Join the Beta - Build the Future of Secure Compliance TrustNFT is inviting investment platforms, fund managers, and accredited investors to participate in the beta rollout at . Early participants will help shape how future private capital markets secure their most sensitive compliance workflows. 'In a world where crypto adoption is accelerating, accredited investors need a security layer that protects both their wealth and their identity. TrustNFT is here to be that layer.' - Silver Scott Digital Team About Silver Scott Mines, Inc. (OTC:SILS) Silver Scott Mines, through its digital innovation division, Silver Scott Digital, is focused on building blockchain-secured financial and identity tools that prepare markets for next-generation compliance, transparency, and user sovereignty. TrustNFT is the company's flagship platform in private market infrastructure. LinkedIn: X: Join the beta → #TrustNFT #KYCRevolution #AccreditedInvestorSecurity #OTCSILS #PrivateMarkets #BlockchainCompliance Disclaimer: TrustNFT is in beta and not a registered securities platform. Participation does not guarantee investment approval and is subject to platform terms and accreditation verification. Forward Looking Statements This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Contact Information Stuart Fine, CEO [email protected] 908-356-9852 SOURCE: Silver Scott Mines Inc press release
Associated Press
24-03-2025
- Business
- Associated Press
Silver Scott Anticipates Growth Opportunities from Pending NFT Regulatory Exemptions
FRANKLIN, NEW JERSEY / ACCESS Newswire / March 24, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS), a leader in real-world asset (RWA) tokenization for blockchain applications, is poised to leverage emerging regulatory changes in the NFT sector to drive growth and establish itself as a premier advisory firm for blockchain compliance. Regulatory Shift on NFTs Recent indications from the White House Crypto Task Force suggest forthcoming regulatory clarifications that may exempt certain NFT categories from securities regulations. This potential regulatory evolution represents a watershed moment for the blockchain industry, creating new avenues for compliant fundraising and innovation. The pending regulatory changes are expected to fundamentally transform how companies approach NFT projects. This evolution represents the emergence of a clearer framework that may allow legitimate NFT projects to flourish while maintaining appropriate investor protections. The developments follow successful NFT projects like Stoner Cats and Flyfish Club, which raised significant capital by offering utility and perks rather than speculative investments. Silver Scott anticipates similar opportunities for companies that can navigate this evolving landscape with expert guidance. Maintaining Focus on Compliance As regulatory frameworks evolve, Silver Scott Advisors is uniquely positioned to guide blockchain ventures through compliance challenges. The firm's deep expertise in securities law and blockchain regulation provides clients with strategic guidance to: Alfred Farrington II, Strategic Blockchain Advisor for Silver Scott Advisors commented, 'Not all NFTs will receive regulatory exemptions, particularly those resembling traditional securities through tokenized ownership or revenue-sharing models. Our team helps clients distinguish between compliant NFT models and those requiring more rigorous regulatory approaches.' Silver Scott continues to strengthen its position as a thought leader in the blockchain compliance space. The company's advisory services help clients capitalize on regulatory developments while avoiding potential compliance pitfalls that could derail promising projects. As the NFT market matures and regulatory clarity increases, Silver Scott Advisors remains committed to helping clients navigate this complex landscape with confidence and compliance. About Silver Scott Mines, Inc. Silver Scott Mines, Inc. (OTC:SILS) is a forward-focused holding company accelerating blockchain integration across traditional asset classes. Specializing in private blockchain solutions for institutional-grade tokenization, the company enables fractional ownership models and cryptographic validation of assets through TrustNFT technology. The company acquisition pipeline will target blockchain-enhanced opportunities in healthcare, cleantech, and digital platforms. LinkedIn: X: This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Stuart Fine CEO 908-356-9852
