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IRVINE, CA, March 15, 2021 OTC PR WIRE 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 broadcasts close to time period cryptocurrency marketing strategy.
Common Company Replace
Because of the unfriendly hashish enterprise setting up to now few years, the Firm pivoted to blockchain expertise in late 2019 and set it as the main focus going ahead. Because of the enterprise disruption brought on by the COVID-19 pandemic in early 2020, UA Multimedia’s operation has been minimal till late final 12 months.
To place for natural and exterior development through mergers and acquisitions, administration had filed all of the late periodic reviews and introduced the Firm present with OTC Markets. As well as, it has secured and cancelled 70M restricted shares of its Frequent inventory, decreasing the full excellent shares by 19% to 305.6M.
The Firm has skilled wholesome development within the cryptocurrency phase since This fall of 2020. Transactions associated to Bitcoin have been regular and anticipated to stay so for the foreseeable close to future.
The Firm is in negotiation to amass a controlling curiosity in a small crypto trade. Extra particulars concerning the acquisition might be supplied as soon as the transaction has been consummated.
Amongst different to be introduced company updates, the Firm purpose to meet all necessities and uplist to OTCQB as quickly as practicable.
Blockchain Answer Supplier
UA Multimedia along with its expertise and enterprise companions is an answer supplier for a variety of digital asset purposes.
On the expertise entrance, the Firm presents full cycle growth providers of blockchain purposes 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 rules.
Enterprise Alternatives and Product Growth
Along with technical consulting providers, the Firm is contemplating a variety of different income streams associated to DeFi similar to 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 just lately emerged as a disruptive blockchain software for creators and collectors of digital work of arts. 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 numerous marketplaces.
As a part of a media and expertise firm, UA Multimedia plans to amass and resell numerous digital collectibles through NFTs. As well as, the Firm is evaluating the enterprise case of creating its personal NFT market much like OpenSea or Rarible.
The Firm additionally sees many different viable purposes for NFTs and plans to discover them within the close to future.
After some years of unfriendly hashish setting, the sector is displaying indicators of revival underneath the brand new administration. The Firm has a few hashish initiatives which were positioned on maintain that it contemplating to revamp ought to it sees transfer favorable developments within the sector. New growth on these initiatives might be coupled with blockchain or cryptocurrency for added performance and values.
To incentivize its customers and associates with numerous engagements, the Firm plans to create utility or safety tokens as a part of the brand new initiatives into consideration. Extra particulars relating to the initiatives might be supplied as enterprise develops.
“The current rise in cryptocurrency momentum normally and Bitcoin particularly have offered all kinds of enterprise alternatives for UA Multimedia,” said Michael Lajtay, interim Chief Govt Officer. “If correctly applied, purposes utilizing blockchain and Ethereum can disrupt many current methods we presently 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 is usually a holding firm looking for to amass home and overseas entities who’re in the identical area.
Firm web site: http://www.uammedia.com
Ahead Wanting Statements:
This launch accommodates 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 Alternate Act of 1934, as amended. These statements embody the intent, perception or present expectations of the Firm and its administration workforce. Some or the entire occasions or outcomes anticipated by these forward-looking statements could not happen. Potential buyers are cautioned that any such forward-looking statements usually are not ensures of future efficiency and contain dangers and uncertainties, and that precise outcomes could differ materially from these projected within the forward-looking statements because of numerous components. Carrying out the technique described herein is considerably dependent upon quite a few components, many that aren’t in managements 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.