Irvine, California–(Newsfile Corp. – March 15, 2021) – UA Multimedia, Inc. (OTC Pink: UAMM), a holding firm and answer supplier within the space of blockchain, cryptocurrency, fintech and decentralized finance, is happy to supply company updates and announce close to time period cryptocurrency marketing strategy.
Common Company Replace
As a result of unfriendly hashish enterprise atmosphere previously few years, the Firm pivoted to blockchain expertise in late 2019 and set it as the main focus going ahead. As a result of enterprise disruption attributable to the COVID-19 pandemic in early 2020, UA Multimedia’s operation has been minimal till late final yr.
To place for natural and exterior progress through mergers and acquisitions, administration had filed all of the late periodic experiences and introduced the Firm present with OTC Markets. As well as, it has secured and cancelled 70M restricted shares of its Frequent inventory, lowering the whole excellent shares by 19% to 305.6M.
The Firm has skilled wholesome progress within the cryptocurrency phase since This autumn of 2020. Transactions associated to Bitcoin have been regular and are anticipated to stay so for the foreseeable close to future.
The Firm is in negotiation to accumulate a controlling curiosity in a small crypto trade. Extra particulars in regards to the acquisition might be supplied as soon as the transaction has been consummated.
Amongst different to be introduced company updates, the Firm goals to satisfy all necessities and uplist to OTCQB as quickly as practicable.
Blockchain Resolution Supplier
UA Multimedia along with its expertise and enterprise companions is an answer supplier for a variety of digital asset functions.
On the expertise entrance, the Firm presents full cycle improvement providers of blockchain functions associated to token creation, good contract, fintech and decentralized finance (DeFi). The tokens and alt-coins created will primarily be for the Ethereum blockchain utilizing the ERC-20 customary for fungible tokens and ERC-721 or ERC-1155 for nonfungible tokens.
On the enterprise entrance, the Firm presents to help with token itemizing, advertising and capital elevating. All token gross sales will adjust to the suitable regional’s required laws.
Enterprise Alternatives and Product Improvement
Along with technical consulting providers, the Firm is contemplating various different income streams associated to DeFi resembling swapping, staking and yield farming. The Firm can also be contemplating to develop platforms for these providers someday sooner or later.
Nonfungible tokens (NFT) have lately emerged as a disruptive blockchain software for creators and collectors of digital artistic endeavors. Creators of digital arts or media contents can now promote their collectible or restricted version work by representing them with NFTs and promote them on varied marketplaces.
As a part of a media and expertise firm, UA Multimedia plans to accumulate and resell varied digital collectibles through NFTs. As well as, the Firm is evaluating the enterprise case of growing its personal NFT market just like OpenSea or Rarible.
The Firm additionally sees many different viable functions for NFTs and plans to discover them within the close to future.
After some years of unfriendly hashish atmosphere, the sector is displaying indicators of revival below the brand new administration. The Firm has a few hashish tasks which were positioned on maintain that it contemplating to revamp ought to it see extra favorable developments within the sector. New improvement on these tasks may very well be coupled with blockchain or cryptocurrency for added performance and values.
To incentivize its customers and associates with varied engagements, the Firm plans to create utility or safety tokens as a part of the brand new tasks into account. Extra particulars relating to the tasks might be supplied as enterprise develops.
“The latest rise in cryptocurrency momentum on the whole and Bitcoin specifically have introduced all kinds of enterprise alternatives for UA Multimedia,” acknowledged Michael Lajtay, interim Chief Govt Officer. “If correctly carried out, functions utilizing blockchain and Ethereum can disrupt many current methods we at present conduct companies. Our objective is to enhance performance and create values by exploiting these applied sciences,” continued Lajtay.
About UA Multimedia, Inc.
UA Multimedia, Inc. is an answer supplier specializing in blockchain, cryptocurrency, fintech and decentralized finance (DeFi). It’s also a holding firm looking for to accumulate home and overseas entities who’re in the identical house.
Ahead Wanting Statements:
This launch incorporates forward-looking statements throughout the that means of Part 27a of the Securities Act of 1933, as amended and part 21e of the Securities and Change Act of 1934, as amended. These statements embody the intent, perception or present expectations of the Firm and its administration staff. Some or all the occasions or outcomes anticipated by these forward-looking statements might not happen. Potential traders are cautioned that any such forward-looking statements should not ensures of future efficiency and contain dangers and uncertainties, and that precise outcomes might differ materially from these projected within the forward-looking statements because of varied elements. Carrying out the technique described herein is considerably dependent upon quite a few elements, many that aren’t in administration’s management. UA Multimedia, Inc. doesn’t undertake any obligation nor does it intend to replace the outcomes of those forward-looking statements.
UA Multimedia, Inc.
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