Web3 Ventures Announces Stock Option Grant

TORONTO, ON / ACCESSWIRE / December 8, 2023 / Web3 Ventures Inc. ("Web3" or the "Company") (CSE:WEBV)(OTC PINK:WEBVF), a leading web 3.0 company specializing in blockchain solutions and decentralized applications, announces the grant of 2,300,000 stock options (the "Options") to consultants of the Company under its Equity Incentive Plan to purchase an aggregate of 2,300,000 subordinate voting shares (the "SVS Shares") of the Company at a price of $0.195 per SVS Share for a five-year term expiring December 6, 2028. The Options will vest over twelve months, with 25% vesting each quarter, subject to a statutory hold period of four months plus a day from issuance in accordance with applicable securities law.

About Web3 Ventures Inc.

Web3 Ventures Inc. is a diversified investment company focused on identifying, incubating, accelerating, and developing world-class projects and applications for the decentralized web. Focused on supporting founders and entrepreneurs, Web3 Ventures' core investment pillars are blockchain-based transparency, secured identity, verified communications, and gamification, focusing on early-stage, small, & medium enterprises in the burgeoning web 3.0 sector.

For further information please contact:

Web3 Ventures Inc.
David Nikzad
CEO, Chairman
Telephone: [phone]
Email: [e-mail]

Cautionary Note Regarding Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the news release, such forward-looking statements include, but are not limited to, statements regarding, the Company's performance, business objectives and milestones and the anticipated timing thereof; the size and terms of the Offering; and the anticipated use of net proceeds from the Offering.