Skychain Technologies Inc. announced that it has entered into an agreement with Synergy Global Consulting Corp. to establish a joint venture company to provide premier visual effects rendering services to the film and entertainment industry. Under the terms of the agreement, the total of $800,000 investment will be in equity stake of the joint venture company. The $800,000 investment will be comprised of $400,000 from SkyChain and another CAD 400,000 from an investment company. SkyChain will have the right to appoint three out of the six members of the joint venture's board. The long-term investment in the next project phase will be approximately over CAD 1.5 million. SkyChain and Synergy are expecting to sign a final agreement by the end of April 2021, and are projecting to have the business up and running for service by August 20th, 2021.