Fanz signs collaboration agreement with KuCoin to support Football in Web 3.0
02 March 2022 - 12:00AM
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 KuCoinLaunched 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 VenturesEmpowering 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.
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