Asia Broadband Signs Letter of Intent to Begin Operations in the High Growth NFT Market and Accelerate Digital Asset Expansion

Rhea-AI Summary

Asia Broadband Inc. (OTC: AABB) announced signing a Letter of Intent to develop Non-Fungible Token (NFT) platforms, aiming to establish operations in the growing digital business segment. With plans to expedite the implementation of its NFT strategy, AABB is focusing on creating multiple NFT marketplaces across various digital content categories. The NFT market surged past $40 billion in 2021, continuing its upward trend in 2022. AABB also leverages its existing blockchain technology for efficient NFT transactions, enhancing its digital asset portfolio.

Positive

• Signed a Letter of Intent to develop NFT platforms, expanding into a rapidly growing market.
• Existing blockchain technology enables efficient NFT transaction processing.
• The NFT market reached over $40 billion in 2021 and is expected to continue growing.

Negative

• None.

LAS VEGAS, May 12, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a Letter of Intent (LOI) to develop Non-Fungible Token (“NFT”) platforms and galleries and launch operations in the new digital business segment. The Company expects to sign a definitive agreement in the coming weeks and expedite the implementation of its NFT business plan.

AABB recently launched an initiative to enter the NFT market to advance the rapid expansion of the Company’s digital asset base. Subsequently, the Company has been in discussions to create multiple NFT marketplaces for unique digital content categories including music, sports and video media. Additionally, AABB possesses a comparative advantage to efficiently process NFT transactions within the marketplaces. Using the Company’s existing blockchain-based digital technology platforms, the AABBG token, AABB Wallet and AABB Exchange can be expeditiously integrated into newly created NFT marketplace networks. Consequently, the Company has been 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 growth trend has continued in 2022, as NFTs are expected to become increasingly familiar and accepted by the investment community for their proven authentic and unique properties.

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
Exchange Support:	https://aabbexchange.com/faq/
Token Support:	https://aabbgoldtoken.com/faq/aabb-wallet/
	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 recent announcement did Asia Broadband Inc. (AABB) make regarding NFTs?

Asia Broadband Inc. announced signing a Letter of Intent to develop NFT platforms and marketplaces.

How does AABB plan to leverage its existing technology for NFTs?

AABB will use its blockchain technology to efficiently process NFT transactions.

What is the current state of the NFT market as per AABB's announcement?

The NFT market exceeded $40 billion in 2021 and continues to grow.

What unique advantages does AABB have in the NFT market?

AABB has a comparative advantage due to its existing digital asset infrastructure.