Vaycaychella, Inc., now operating under the name Great Estate Blockchain Inc., has announced a strategic decision to maintain the integrity of the company’s capital structure during its transitional phase into cryptocurrency and blockchain initiatives. This precautionary measure applies to the management team, including the CEO, Chairman, board members, and all holders of its convertible notes, who will refrain from selling any shares during this crucial period.
The rebranding comes on the heels of the company’s new business strategy, which aims to leverage the intangible assets associated with historic landmarks, a market estimated to be worth anywhere from tens of billions to potentially over a trillion dollars. CEO Jason Armstrong emphasized the untapped value of these properties, citing approximately 1.5 million sites on the National Register of Historic Places and an estimated tenfold that number on state and local registers. “If the average intangible value of a National Register historic landmark is around $100,000, the total value of their intangible assets will be over one hundred billion,” he stated, pointing to the vast potential hidden within these historic sites.
Typically, well-known historic landmarks generate revenue through tourism, merchandise, and franchised products. In contrast, most lesser-known sites struggle to monetize their intangible value effectively. This presents an opportunity for Vaycaychella as it aims to create a business model that integrates cryptocurrency strategies with short-term rental services.
The company is already taking steps to expand its portfolio of historic landmarks. It has announced plans to renovate and manage the iconic Rufus Rose house in downtown Atlanta, a multi-million dollar asset. Additionally, negotiations to acquire the intangible rights to another significant historic landmark in New York City are underway, highlighting the firm’s commitment to expanding its footprint in the sector.
The decision to not sell shares during this transition is intended to ensure a stable capital structure, allowing the company to implement its business plan effectively. Armstrong declared, “In order to create a stable capital structure for the company to execute its business plan, our management team and major investors have decided not to sell any shares during this transitional period.”
In a broader context, the announcement comes with a disclaimer regarding forward-looking statements. Vaycaychella acknowledges that while it is optimistic about its new strategy, there are inherent risks and uncertainties that may affect the anticipated outcomes, including competition and market dynamics.
To learn more about the company and its latest initiatives, interested parties may reach out through contact@vaycaychella.com.
