ASPZ Buys Bering Sea Clinker To Produce NFT
Asia Properties Inc. (OTC PINK:ASPZ) announced the acquisition of the Bering Sea Clinker, a record 154-gram gold nugget, for $30,000 through the issuance of 120,000 restricted shares. The company plans to use the nugget as a mascot and create a non-fungible token (NFT) for auction to fund a geological report for its mining claim acquisitions in Nevada and Alaska. CEO Debra Childers highlighted the innovative approach to integrating blockchain in gold mining.
- Acquisition of the Bering Sea Clinker could enhance brand visibility.
- Joint venture with MS Token to produce an NFT adds potential revenue stream.
- Plans for future mining claims in Nevada and Alaska may drive growth.
- Acquisition cost of $30,000 in restricted shares may raise concerns about shareholder dilution.
- Reliance on NFT auction for funding introduces market volatility risks.
CHEYENNE, WY / ACCESSWIRE / August 31, 2021 / Asia Properties Inc. (OTC PINK:ASPZ) today confirmed that it has bought The Bering Sea Clinker.
The Bering Sea Clinker is a 154 gram gold nugget, the largest such gold nugget ever discovered in the Bering Sea. The Company acquired the record nugget for
The Company has entered into a joint-venture with MS Token, LLC a non-fungible token studio to produce a NFT based on the Bering Sea Clinker and plans to auction the NFT along with the nugget.
CEO Debra Childers commented, "we are thrilled to acquire this treasure and are excited to produce this NFT and auction it to fund our 43-101 geological report on our impending mining claim acquisition. ASPZ continues to innovate and trailblaze utilizing the blockchain in the gold mining space."
The Company is currently conducting due diligence to acquire gold mining claims in Nevada and in Alaska.
What is a Non-Fungible Token?
A NFT is a digital asset that represents real-world objects or media such as art, music, in-game items and videos. They are bought and sold online, frequently using cryptocurrency, and they are often encoded using the same type of block-chain software/cryptographic algorithms such as ERC-721. Developed in 2014, NFTs are becoming an increasingly popular way to buy and sell digital artwork. A staggering US
Similarly unique to artistic and musical compositions, NFTs are also generally one of a kind, or produced in very limited runs, and have unique identifying codes. "Essentially, NFTs create digital scarcity," says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures. This stands in stark contrast to most digital creations, which are potentially infinite in supply. Limited production and encryption of these distinctive digital creations confers increased value of an NFT asset that is in demand.
Unlike early NFTs that were frequently digital creations that already existed in some form elsewhere (eg. iconic video clips from professional sports, securitized versions of digital art already floating around on Instagram), NFTs like those produced by MS Token are original compositions with their own intrinsic artistic merit. One well-known example of such an original NFT is "EVERYDAYS: The First 5000 Days," a composite of 5,000 daily drawings created by famous digital artist Mike Winklemann, better known as "Beeple" - sold at Christie's for a record-breaking
About MS Token LLC
With a treasure trove of exclusive content to draw upon, MS Token, the owner of the Millennium Sapphire has put together a team of industry leaders to create a powerful NFT production studio leveraging off of content carved on the Sapphire. 134 scenes, representing the high points in human civilization over the past 5,000 years are carved on the Millennium Sapphire. These carvings form the inspiration of MS Token's NFT productions.
The Millennium Sapphire is widely considered an icon in world of art and gems. It was designated the World's Largest Carved Sapphire by Guinness World Records in 2001 and is one of the most documented gemstones of modern times. Since its discovery in Madagascar in 1995, this remarkable blue gem has appeared on CNN, BBC, NBC, FOX and numerous other television networks around the world. It has been written about in virtually every major newspaper and has been the subject of articles published in dozens of magazines, such as Forbes, WSJ and others. The MS was showcased at an Academy Awards event in 2002, also in Seattle in 2004 as part of the festivities surrounding the launch of Princess Cruises' newest ship, The Sapphire Princess. www.millenniumsapphire.com
MS Token pursues a strategy of partnering with leading digital artists and studios to develop unique NFTs. This strategy allows us to have an ongoing flow of fresh content based on the original carvings on the Sapphire. From carvings of some of history's most famous people to landmarks such as the Pyramids and the historic Sputnik launch on the Millennium Sapphire will all be developed into NFTs over time. Our studio photographer has just completed an elaborate photo shoot in the depths of a bank vault, in a secret location. The content produced, will form the basis of the collaborations with world famous digital artists and their interpretations via NFT animations to bring these pieces to life.
Please visit our new website: www.aspzgold.com
About the Company
Asia Properties Inc, is a Wyoming, USA domiciled junior mining company, intent on acquiring gold claims and mines and then securitizing them on the blockchain via ICOs and STOs, The Company will then list the tokens on highly liquid exchanges such as Uniswap and Binance.
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
ASPZ has 77.84 million shares issued and outstanding with 26.60 million shares at DTC.
Contact:
Aric Recker
Investor Relations
Tel(248) 291-7494
arecker@iroverflow.com
For more information on Asia Properties Inc please visit:
www.aszpgold.com
SOURCE: Asia Properties, Inc.
View source version on accesswire.com:
https://www.accesswire.com/662165/ASPZ-Buys-Bering-Sea-Clinker-To-Produce-NFT
FAQ
What did Asia Properties Inc. acquire?
How much did Asia Properties Inc. pay for the Bering Sea Clinker?
What is Asia Properties Inc.'s plan for the Bering Sea Clinker?
What is the stock symbol for Asia Properties Inc.?
What are the future plans of Asia Properties Inc.?
