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Vystar Corp. Submits Binding Letter of Intent to Acquire Stake in GoPaid.com LLC and Form Strategic Partnership with Capital R3alm to Launch R3alm Oracle and R3alm Collectibles
Globenewswire· 2026-01-08 16:40
Core Viewpoint - Vystar Corporation has submitted a binding Letter of Intent to acquire an equity stake in GoPaid.com LLC, focusing on the monetization of high-value memorabilia and the integration of Web3 technologies [1][2]. Acquisition Details - The acquisition includes a percentage of GoPaid's proprietary cryptocurrency, valued at a maximum of $10 million, and an option to acquire an additional 10% equity stake and 3% of the cryptocurrency over two years [2]. - The initial purchase price consists of 1,000 shares of Vystar's Series C preferred common stock, with Vystar providing strategic support for GoPaid [3]. Strategic Purpose - The acquisition aims to support the convergence of private-market collectibles with Web3 technologies, with Vystar committing to raise $250,000 for this initiative [4]. - The partnership seeks to redefine community finance by merging physical memorabilia with advanced Web3 infrastructure [6]. Market Opportunity - The global collectibles market is projected to grow from approximately $464 billion in 2025 to over $900 billion by 2035, with tokenization and blockchain verification expected to enhance liquidity and transparency [13]. - Internal projections indicate scalable revenue opportunities and long-term valuation potential across collectibles and oracle services [14]. Platform Development - The partnership will focus on three core initiatives, including investment in memorabilia tokenization and the launch of R3alm Oracle, a decentralized oracle network for collectibles [8][9]. - A white-label marketplace, R3alm Collectibles, is targeted for launch in Q2 2026, integrating secure storage and DAO-based governance [11]. Strategic Benefits for Vystar - The transaction is expected to diversify Vystar's portfolio into high-growth Web3 markets and create multiple revenue participation paths through equity and token economics [18].