Changed its name to Long Blockchain, its value increased 3 times

There is a new leader in the crypto craze. Long Island Iced Tea Corp. After changing its name to Long Blockchain, its shares rose 238%. Meanwhile, the beverage company that reserves the web domain www.longblockchain.com has announced that it will shift its main focus to “exploration and investment of opportunities that leverage the benefits of blockchain technology.”

Long Blockchain will continue to produce soft drinks

On the other hand, the company said in a statement that they will continue to make iced tea. The company used the following statements in its statements on www.longblockchain.com:

“Long Blockchain Corp. focuses on developing and investing in globally scalable blockchain technology solutions. By investing in and developing businesses that are “on-chain”, its shareholders plan to become an important blockchain that creates long-term value for the wider community. Blockchain technology is fundamentally changing the way people and businesses transact, and the company strives to stay at the forefront of this dynamic industry, actively pursuing opportunities.”

Time