BSV supporter Calvin Ayre's Ayre Group has signed an agreement with BSV protocol developer nChain to acquire a majority stake in the company, a line of credit, and intellectual property licenses for 500 million Swiss francs (approximately $570 million). nChain is the developer of Bitcoin SV node software and blockchain software such as Teranode and LiteClient. Currently, the company has nearly 800 technical patents, and more than 3,000 are waiting for approval.
Calvin Ayre, founder of Ayre Group, said: “For the better part of a decade, nChain and its London-based chief scientist, Dr. Essential elements of intelligence and Web3. My goal is to accelerate the pace of nChain's development and commercial adoption of its extensive IP library. There is no blockchain or Web3 project that does not stand on the shoulders of nChain's patent pool - the patent The library is the earliest, largest and highest quality patent library in this field."