Palm Beach, FL –March 1, 2022 – FinancialNewsMedia.com News Commentary – Non-fungible tokens (NFTs) are a golden money-making opportunity for the sports industry and also a great way for sports fans to engage with their favorite teams, athletes and historical moments. People have always loved to own sports collectibles and NFTs are now offering a new digitized way of doing it. A recent report by Deloitte said that Up to five million sports fans will purchase or be gifted an NFT in 2022, according to study and limited edition video clips and player cards to be most common and lucrative. The study projected that the value of non-fungible token transactions will double next year (2022). The report said: “Non-fungible tokens (NFTs) for sports media will generate more than US$2 billion in transactions in 2022, about double the figure for (2021). The professional services firm predicts that by the end of 2022, four to five million sports fans globally will have purchased or been gifted an NFT sports collectible. Deloitte adds that interest in sports NFTs is likely to be encouraged by activity in the wider NFT market, including that for digital art, which has seen its top five most valuable sales generate more than US$100 million by August 2021.” Active Companies in the markets today include OOOOO Entertainment Commerce Limited (OTCQB: OOOOF) (TSX-V: OOOO), Funko, Inc. (NASDAQ: FNKO), Hut 8 Mining Corp. (NASDAQ: HUT) (TSX: HUT), Ebang International Holdings Inc. (NASDAQ: EBON), Marathon Digital Holdings, Inc. (NASDAQ: MARA).
The study continued: “According to the study, the most common and lucrative application of NFTs in the sports industry will likely be the sale of limited edition video clips of sporting moments or player cards. The value of each NFT will depend on the prominence of the athlete, the significance of the event, any additional content included within the NFT, and demand. Deloitte also expects platforms and rights creators to continue testing different ownership models to determine the optimal balance of fuelling consumer demand and maintaining intellectual property rights (IPR) that respect existing third-party rights over the underlying digital assets.”
OOOOO Entertainment Commerce Limited (TSX-V: OOOO) BREAKING NEWS: Fanz sign collaboration agreement with KuCoin to support Football in Web 3.0’- OOOOO Entertainment Commerce Limited (OTCQB:OOOOF) (OOOO:TSXV), a mobile commerce platform, is pleased to announce that its subsidiary Fanz.com, a gateway to NFTs, gaming and governance in football, have signed a collaboration agreement with KuCoin for distribution of digital assets to their community of users.
Fanz was founded by Sam Jones and Teddy Sagi to bring Web 3.0 to the global football market. Their first NFT projects will feature legend BBC commentator John Motson, and Diego Maradona. The company expect to launch 40 NFT projects in 2022 related to players, legends and teams.
Sam Jones, founder of OOOOO and co-founder of Fanz, said “Football is the most watched sport on the planet. We need help with global distribution and KuCoin is a wonderful partner for us in many ways. We are very excited about this partnership and reaching more fans around the world”.
About KuCoin – Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 640 digital assets. It currently provides Spot trading, Margin trading, Futures trading, Staking, and Lending to its 10 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the top 5 crypto exchanges. Also, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021. In 2022, The Ascent named KuCoin the Best Crypto Exchanges and Apps for enthusiasts. To find out more, visit https://www.kucoin.com. CONTINUED... For more information about OOOOO Entertainment Commerce please visit https://invest.ooooo.com/news/default.aspx
Other recent developments in the digital asset markets include:
Funko, Inc. (NASDAQ: FNKO), a leading pop culture consumer products company, recently announced that it will hold a conference call on Thursday, March 3, 2022, at 4:30 p.m. ET to discuss its financial results for the fourth quarter ended December 31, 2021.
The conference call will be webcast and can be accessed on the investor relations section of the Funko website at https://investor.funko.com. Following completion of the call, a recording of the webcast will be available on the website.
Hut 8 Mining Corp. (NASDAQ: HUT) (TSX: HUT), one of North America’s largest, innovation-focused digital asset mining pioneers, one of North America’s largest, innovation-focused digital asset mining pioneers, supporting open and decentralized systems since 2018, announced the appointment of Josh Rayner to the new role of Vice President, Sales, effective February 21, 2022. Mr. Rayner joins Hut 8 to lead sales with a focus on the Company’s recently acquired data center and managed services business under the direction of CEO Jaime Leverton.
Mr. Rayner is an experienced sales leader who brings technical knowledge and market expertise in data centers to Hut 8’s team. Prior to joining Hut 8, Mr. Rayner served as Director of Sales at Beanfield Metroconnect where he led a high performing sales team
Ebang International Holdings Inc. (NASDAQ: EBON), a global blockchain technology company, recently announced the official launch of Ebonex Exchange, the Company’s cryptocurrency exchange in Australia, on February 15, 2022. Eligible participants in certain geographical regions will be able to register and trade by visiting the official website on www.ebonex.com.au or by downloading our app from the Apple Store or Google Play store at Ebonex.
Ebonex Exchange is a digital asset trading platform independently created and developed by the Company’s technicians who are senior industry experts. It is designed to provide global cryptocurrency participants with secure, fast, efficient, and stable trading services in multiple currencies and modes.
The Company has launched its Australian operation with the establishment of its Sydney office in 2021.
Marathon Digital Holdings, Inc. (NASDAQ: MARA), one of the largest enterprise Bitcoin self-mining companies in North America, recently published unaudited bitcoin (“BTC”) production and miner installation updates for January 2022.
The Company last sold bitcoin on October 21, 2020, and since then, has been accumulating or “hodling” all bitcoin generated. As a result, Marathon currently holds approximately 8,595 BTC, including the 4,813 BTC the Company purchased in January 2021 for an average price of $31,168 per BTC. On February 1, 2022, the fair market value of one bitcoin was approximately $38,464, implying that the approximate fair market value of Marathon’s current bitcoin holdings is approximately $330.6 million.
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult =a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated twenty six hundred dollars for news coverage of the current press releases issued by OOOOO Entertainment Commerce Limited by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact email: firstname.lastname@example.org – +1(561)325-8757