World's First Hybrid NFT Company To Be Listed In The United States - Bonanza Goldfields Corp Enters Into A Memorandum of Understanding To Acquire Hybrid NFT Firm Marvion™ media Limited

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

World's First Hybrid NFT Company To Be Listed In The United States - Bonanza Goldfields Corp Enters Into A Memorandum of Understanding To Acquire Hybrid NFT Firm Marvion™ media Limited

PR Newswire

SINGAPORE, Sept. 18, 2021 /PRNewswire/ -- Bonanza Goldfields Corp (OTC: BONZ) is pleased to announce that it has signed a MOU to acquire 100% of Marvion Media Limited.

Marvion Media Limited is a metaverse blockchain technology company, unlocking, enhancing and preserving the value of media and entertainment intellectual property through blockchain and related technologies to create Hybrid NFTs. The company's vision is to offer the ultimate artist and fan engagement, leveraging technology in both digital metaverse and physical experience realms. Marvion will be adopting their Hybrid NFT (h-NFT) format across all minted NFTs. The h-NFTs will undergo full know-your-client (KYC) and verification processes prior to Marvion acquiring the intellectual property. This is to ensure that only authentic and high quality NFTs are available on the platform. 

Commenting on the business model, Julian So, interim CEO of Marvion Media Limited said, "Marvion is focused on addressing one of the key concerns facing NFT owners - intellectual property (IP) ownership. Many NFT investors we have engaged with are unaware that as an NFT owner, they do not own the underlying IP associated with the art work within the NFT smart contract. The IP actually continues to reside with the artist. What this means is that NFT owners have no right to take legal action against IP infringements. This is a critical issue that Marvion hopes to address through the Hybrid NFTs. This will disrupt the media and entertainment industry." 

Each h-NFT contains the following: (1) sales and purchase agreement for the purchase of the license, (2) evidence or representation of ownership of intellectual property, (3) transfer deed for the transfer of the relevant portion of the license to the h-NFT holder, (4) ownership title (to the licensing rights) written into the description and (5) the intangible asset. 

With respect to the acquisition, Bonanza Goldfields Corp (BONZ), a company publicly traded in the OTC Markets, will eventually own 100% of Marvion Media Limited. When the acquisition is completed, Bonanza Goldfields Corp would be renamed to Marvion Media Limited, making it the world's first h-NFT company to be listed in the United States. It is envisaged that such a move will increase the accessibility of metaverse and blockchain technology companies to mainstream retail investors, and the market will experience a further increase of high growth listed NFT companies to enable investors to diversity their blockchain related portfolio allocations.   

Sharing his views on the acquisition, So commented, "We are very excited at this latest development. The growth of NFT has been skyrocketing in the last few months and we have seen very keen interest in what we are doing. I understand that some stakeholders and investors have some reservations, especially when NFT is such a new business model. To help address this, the company wanted to be listed in order to instil a high level of transparency and governance in this nascent industry."   

To keep up to date on the upcoming Hybrid NFT™️ projects, please visit www.Marvion.Media or join the Marvion Community on Telegram;  https://t.me/Marvion_Media.  

About Bonanza Goldfields Corp 

Bonanza Goldfields Corp (OTC: Bonz) was formerly a mineral exploration company based in Las Vegas, United States. The company primary business was to explore for gold and silver in properties located in the Goldfield, Tonopah and Comstock Mining Districts of Nevada, and the Chloride Mining District of Arizona.

About Marvion Media Limited 

Marvion Media Limited is a metaverse blockchain technology company, unlocking, enhancing and preserving the value of media and entertainment intellectual property through blockchain and related technologies to create Hybrid NFTs. The company's vision is to offer the ultimate artist and fan engagement, leveraging technology in both digital metaverse and physical experience realms. Marvion will be adopting their Hybrid NFT (h-NFT) format across all minted NFTs. The h-NFTs will undergo full know-your-client (KYC) and verification processes prior to Marvion acquiring the intellectual property. This is to ensure that only authentic and high quality NFTs are available on the platform. 

More Information about Marvion Media Limited: 
Website:  www.Marvion.Media  
Facebook: www.facebook.com/marvionmetaverse 
Instagram: www.instagram.com/marvion.media 
Twitter:    www.twitter.com/marvion_media 
LinkedIn:  www.linkedin.com/company/marvion 
Telegram: www.t.me/marvion_media 

About Hybrid NFT (h-NFT) 

A h-NFT is an integrated, best in class, smart contract that  can execute a transaction and also contains the specific legal terms of the intellectual property ownership and license.  Each Hybrid NFT (h-NFT) contains the following: 

  • 1. SPA for the purchase of the license. 
  • 2. Evidence of ownership of intellectual property. 
  • 3. Transfer Deed for the transfer of the relevant portion of the license to the h-NFT holder. 
  • 4. Ownership title (to the licensing rights) written into the description. 
  • 5. Image/video/music file depending on what the asset is. 

Contact: Parkson Yip, Investor Relationship Director, +852-28398100, [email protected]   

Cision View original content:https://www.prnewswire.com/news-releases/worlds-first-hybrid-nft-company-to-be-listed-in-the-united-states--bonanza-goldfields-corp-enters-into-a-memorandum-of-understanding-to-acquire-hybrid-nft-firm-marvion-media-limited-301379898.html

SOURCE Bonanza Goldfields Corp.

Copyright CNW Group 2021

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).