Codebase Ventures Inc. ('Codebase' or the 'Company') (CSE: CODE - FSE: C5B - OTCQB: BKLLF) is proud to announce that the Company's investee company, Arcology, a cluster-computing powered AI blockchain ecosystem with unlimited scalability, is preparing to release the first version of its software development kit ('SDK').

During an executive call last week, Arcology Founder and CEO Laurent Zhang informed the Board that his team is planning to release their SDK before the end of February, 2021. A software development kit is a collection of tools designed to help engineers and software developers access a specific platform, application or operating system. Arcology's SDK will help outside developers move their Ethereum applications over to Arcology, where they are expected to see improved performance in speed and scale. 'As 2020 comes to a close, we're thrilled to say it has been a very productive year,' says Mr. Zhang. 'On December 2nd, we announced the successful completion of Arcology Testnet 1.0. Our next step toward public release is onboarding software developers who can confirm our performance estimates against the market leader, Ethereum.' In the past month, Arcology's network achieved very high results, with 33,602 transactions per second (TPS) running complex smart contracts on a cluster of commodity computers. The network has withstood a very high workload for a prolonged period of time, confirming Mr. Zhang's forecast of a dependable, stable network.

About Codebase Ventures Inc.

Codebase Ventures Inc. seeks early-stage investments in sectors that have significant upside. We seek innovators who are establishing tomorrow's standards. We support those innovators and help take their ideas to market.

Contact:

Tel: 1 (778) 806-5150

Email: IR@codebase.ventures

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