Asia Broadband Enters High Growth NFT Market to Accelerate Digital Asset Expansion

Rhea-AI Summary

Asia Broadband Inc. (OTC: AABB) has announced its entry into the Non-Fungible Token (NFT) market, aiming to build NFT marketplaces for unique digital content. Capitalizing on its existing digital platforms, including the AABBG token and AABB Wallet, the company plans to efficiently process NFT transactions. The NFT market reached over $40 billion in 2021, with continued growth expected in 2022, indicating increasing acceptance among investors. This initiative aligns with AABB's strategy to expand its digital asset base alongside its core focus on precious and base metals.

Positive

• Entry into the rapidly growing NFT market, which reached over $40 billion in 2021.
• Utilization of existing digital platforms (AABBG token, AABB Wallet) to facilitate NFT transactions.
• Potential to build multiple NFT marketplaces leveraging AABB's competitive advantage.

Negative

• None.

LAS VEGAS, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has launched an initiative to enter the Non-Fungible Token (“NFT) market to advance the rapid expansion of the Company’s digital asset base. AABB has been in discussions to create multiple NFT marketplaces for unique digital content categories. Additionally, the Company has a comparative advantage to efficiently process NFT transactions within the marketplaces. Using its existing digital technology platforms, the AABBG token, AABB Wallet and AABB Exchange can be expeditiously integrated into newly created NFT marketplace networks. Therefore, the Company is diligently focused on the developing opportunities within the rapidly expanding NFT market.

The NFT market in 2021 realized explosive growth and is estimated to have reached over $40 billion. Furthermore, the NFT growth trend has continued in 2022, as NFTs are expected to become increasingly familiar and accepted by the investment community.

About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.

Contact the Company at:

General Email:	ir@asiabroadbandinc.com
Token Support :	www.AABBGoldToken.com/support/
Company Websites:	www.asiabroadbandinc.com www.AABBExchange.com www.AABBGoldToken.com
Phone:	702-866-9054

Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

FAQ

What is AABB's initiative in the NFT market?

AABB is launching an initiative to create NFT marketplaces for unique digital content, leveraging its existing digital platforms.

What is the estimated value of the NFT market in 2021?

The NFT market was estimated to have reached over $40 billion in 2021.

How does AABB plan to process NFT transactions?

AABB plans to efficiently process NFT transactions using its existing technology platforms, including the AABBG token and AABB Wallet.

What is the growth trend for NFTs in 2022?

The NFT market is expected to continue growing in 2022, with increasing acceptance among investors.

What is the focus of Asia Broadband Inc. besides NFTs?

AABB primarily focuses on the production, supply, and sale of precious and base metals to Asian markets.