Bonanza Goldfield Corps Transforms into Marvion Inc.: Ticker Change to MVNC, Marks New Era of Innovation

Rhea-AI Summary

Marvion Inc., previously known as Bonanza Goldfields Corp., announces a significant corporate transformation. The company will undergo a ticker change to MVNC and a name change to Marvion Inc. as it positions itself as a leader in the Metaverse Blockchain space.

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• Marvion Inc. is dedicated to redefining digital ownership and engagement, embracing emerging technologies and shaping the future of digital assets and virtual experiences. The company's focus on Metaverse Blockchain technology highlights its dedication to innovation and leadership in the dynamic world of blockchain and digital asset advancements.

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• None.

SINGAPORE, Aug. 31, 2023 /PRNewswire/ -- Marvion Inc., previously known as Bonanza Goldfields Corp., (OTC:MVNC) is excited to announce a significant corporate transformation. Effective 30 August, 2023, the company will undergo a ticker change to MVNC (previous BONZ) and a name change to Marvion Inc. These changes reflect the company's strategic repositioning as a leader in the Metaverse Blockchain space and signify a new era of innovation and growth.

Marvion Inc. is a Metaverse Blockchain company that is dedicated to redefining digital ownership and engagement. This strategic evolution reflects the company's commitment to embracing emerging technologies and shaping the future of digital assets and virtual experiences. The change in the company's name and ticker symbol is a significant milestone that highlights Marvion's focus on innovation and its aspiration to lead the way in the dynamic world of blockchain and digital asset advancements.

"We are thrilled to introduce Marvion Inc. to the world," stated Chan Man Chung, CEO of Marvion. "This evolution is more than just a name change; it represents our dedication to pushing the boundaries of digital ownership and engagement. The name change to Marvion Inc. reflects the company's evolving focus on Metaverse Blockchain technology and its dedication to creating a seamless and immersive digital ecosystem. Marvion Inc. will continue to provide cutting-edge solutions that enable individuals and businesses to thrive and interact with digital assets in the rapidly growing metaverse landscape."

For more information about Marvion Inc. and its transformative Metaverse Blockchain solutions, please visit www.marvion.media.

Forward Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities including the expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated with operating a business in Singapore and Hong Kong, risk of interference by the PRC government, ability to compete, that financial resources do not last for as long as anticipated, and that MVNC is a holding company that may not realize the expected benefits of DOT's offered by Marvion™️. A further list and description of these risks, uncertainties and other risks can be found in MVNC's regulatory filings with the U.S. Securities and Exchange Commission, including in its annual report on Form 10-K filed on April 17, 2023. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MVNC undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

For media queries, please contact:
media@marvion.media

About Marvion Inc.

Marvion Inc. is a Nevada holding company that through its subsidiaries are engaged in the media distribution business. Specifically, we provide authentication, valuation and certification ("AVC") service, sale and purchase, hire purchase, financing, custody, security and exhibition ("CSE") services to buyers of movie and music media through traditional channels as well as through leveraging blockchain technology through the creation of digital ownership tokens ("DOTs").

The group is building an ecosystem and a metaverse for the media and entertainment industry that implements and adopts blockchain and NFT technologies, through mergers and acquisitions.

It is one of the first public-listed Web 3.0 group with market-leading technologies and ecosystem that aims to be the driver behind the world's transition into Web 3.0. We offer services, access and content and provide the necessary tools for creators to create unique content in the Web 3.0.

More Information about Marvion™️:

Website:          www.marvion.media
Facebook:       www.facebook.com/marvionmetaverse
Instagram:       www.instagram.com/marvion.media
Twitter:            www.twitter.com/marvion_media
LinkedIn:         www.linkedin.com/company/marvion
Telegram:        https://t.me/c/1714353647

About Marvion's DOT 

Marvion's DOTs are integrated, best in class, digital ownership token (DOT) that contains a smart contract that can execute transactions and also contains the specific legal terms of the intellectual property ownership, license and/or rights. Each DOT contains the following:

• A copy of the SPA for the purchase of the master license.
• Evidence or warranty of ownership of the relevant intellectual property.
• Ownership of the sub-license detailing the rights of the DOT holder.
• Image/video/music or other file depending on what the asset is.

View original content:https://www.prnewswire.com/news-releases/bonanza-goldfield-corps-transforms-into-marvion-inc-ticker-change-to-mvnc-marks-new-era-of-innovation-301914803.html

SOURCE Bonanza Goldfields Corp.

FAQ

What is the ticker symbol for Marvion Inc. after the transformation?

The ticker symbol for Marvion Inc. after the transformation is MVNC.

What is Marvion Inc.'s focus?

Marvion Inc. is focused on Metaverse Blockchain technology and aims to redefine digital ownership and engagement.

What does the name change represent?

The name change represents Marvion Inc.'s dedication to pushing the boundaries of digital ownership and engagement, as well as its focus on Metaverse Blockchain technology.