VANCOUVER, British Columbia, March 01, 2022 (GLOBE NEWSWIRE) -- OOOOO Entertainment Commerce Limited (“OOOOO”) (TSXV: OOOO OTCQB: OOOF), a mobile commerce platform, is pleased to announce that its subsidiary Fanz.com, a gateway to NFTs, gaming and governance in football, has 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 expects 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
About KuCoin Ventures
Empowering Web 3.0 and Next Generation Technology, KuCoin Ventures is a leading investment arm of KuCoin Exchange that aims to supports Crypto and Web 3.0 builders both financially and strategically with Deep Insights and Global Resources.
About OOOOO Entertainment Commerce
OOOOO operates a technology platform that enables retailers, brands and entrepreneurs to share product-based opinions directly to consumers through live, interactive, shoppable videos. The platform also offers gamification and social features which reward the community for helping to grow the user base, reducing the need for traditional ad networks.
The Company was founded in 2020 by Sam Jones and Eric Zhang and has offices in Manchester and Shanghai.
Interactive video commerce continues to explode as a mega-trend in China, estimated to reach $420 billion this year according to McKinsey. OOOOO is focused on delivering a technology platform and app to enable brands, retailers, and entrepreneurs to embrace the live stream economy. Having launched in November 2020, the OOOOO platform has seen over +500,000 installs to date and successfully onboarded leading brands across fashion, sport, beauty, and wellness.
For further information please contact:
OOOOO Entertainment Commerce Limited
| Sam Jones, Chief Executive Officer |
| 604.265.0771 |
| sam@ooooo.com |
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward Looking Information
Certain statements in this news release may constitute “forward-looking statements”. Forward-looking statements are statements that address or discuss activities, events or developments that OOOOO expects or anticipates may occur in the future. When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “projects”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the current expectations and beliefs of OOOOO’s management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of OOOOO or the industry may be materially different from those implied by such forward-looking statements. Examples of such forward-looking information that may be contained in this news release include statements regarding: growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets, including the continued worldwide adoption of football; expectations regarding the operation of our app; the launch date for the Fanz.com website and the services and goods offered thereon, and our future revenues. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners, including our ability to attract and retain sports teams and players. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, without limitation: those relating to potential disruptions to product delivery; failure to meet regulatory requirements; changes in the market; potential downturns in economic conditions; availability of financing (as necessary; and other risk factors described in our Filing Statement which is available on SEDAR at www.sedar.com. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and OOOOO undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
