BATON ROUGE, The., August 10, 2022 /PRNewswire/ — DuckPond Technologies, Inc. (DuckPond/DPT), a technology start-up primarily focused on developing enterprise software and hip-hop-inspired sports game apps, announces the opening of of its Series 1 Preferred Share capital increase of $1.5 million on a $50 million post-monetary valuation.

This follows a first round of convertible debt of $1 million.

The capital increase of the Seed-1 series preferred shares is led by Mr. James Moore of Prairieville, LAwith an initial investment of $250,000. An exceptional businessman, savvy investor and advisor, Mr. Moore brings a timely injection of capital and sound advice to DPT. “DuckPond Technologies is a rare breed among tech startups, especially along the I-10 corridor. I have never seen so much passion, purpose, vision and focus as I discovered at Dartanyon. I am proud to be partnering with him and the DuckPond team as they build a great technology company,” said Mr. Moore.

Under the leadership of its Founder, and the CEOO (Chief Executive and Innovation Officer), Dartanyon A. Williams, DuckPond has successfully focused on fundraising, talent acquisition and product development, in that order. With the recent integration of Dr. Wallace Lynch As CITO (Chief Information and Technology Officer), DPT refines its technology roadmap and product development journey.

“I fully support Dartanyon’s decision to allocate up to 90% of our company’s resources to talent acquisition and product development,” said CITO Dr. Lynch. “I am here for all of this and we look forward to doing the vital work to build a business that honors our Heavenly Father Yahweh and our community.”

DuckPond’s first product offering will be a mobile sports game titled Hip-Hop Golf, which is set to be introduced in August 2023 to commemorate the 50th anniversary of Hip-Hop as a culture and global phenomenon. The game app will initially be available on the App Store and Google Play.

Hip-Hop Golf is the first of 10 games planned in a series aptly titled Hip-Hop Sportz. Each game will allow users to play selective sports in a digital and urbanized MetaVerse, in favorite locations around the world in colorful environments steeped in Hip-Hop culture and attitude. The Hip-Hop Sportz ecosystem is designed as a decentralized, consumer-driven technology that will have immersive virtual and augmented reality capabilities, crypto programming, zip-vertising, and non-fungible and scalable digital real estate transactions.

As the company raises capital, Williams likens DuckPond to a biblical analogy. “We’re like David in the battle against Goliath when it comes to competing for investment dollars from venture capital and private equity firms,” ​​Williams said.

Instead, Williams is raising capital for DPT organically, through individual angel investors like Mr. Moore, and high net worth individuals who can appreciate the potential financial returns and value created in the community that DuckPond Technologies will bring. .

“It is very difficult in the current environment for start-ups like DuckPond to seek institutional funding and maintain control of their vision,” added a board member. Greg Campbell. “DPT has developed an effective fundraising strategy that relies on grassroots individual investors who understand the financial projections and the socio-economic value that DPT can create in the community. Ultimately, when the company has prepared its product line and increased its valuation, DPT and its subsidiaries will be viable candidates for private equity and venture capital funding.”

Thanks to the support of Atlanta-based MorrisManning & Martin LLP and Roy KieselFord, Doody and North Law Firm of Red StickDuckPond Technologies holds several innovative patents pending focused on consumer protection in the areas of payment network security, remote voting technology, cybersecurity, gamification, and self-driving vehicle prevention technology and identity theft.

About DuckPond Technologies Inc.

DuckPond Technologies Inc. is a Delaware-Registered company with registered office at Baton Rouge, Louisiana. The company is focused on developing enterprise software and innovative products that improve business efficiency and improve the quality of life for consumers in various industries. DuckPond Technologies’ leadership team has over 100 years of experience in technology, human resource management, administrative operations, leadership and senior management, transformative change and entrepreneurial innovation.

CONTACT: [email protected]

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