Welcome to our dedicated page for Bonanza Goldfields news (Ticker: BONZ), a resource for investors and traders seeking the latest updates and insights on Bonanza Goldfields stock.
Bonanza Goldfields Corp. (symbol: BONZ) is a Nevada-based holding company that has established itself as a leader in the media distribution business through its innovative use of blockchain and NFT technologies. The company, now known as Marvion Inc., focuses on providing authentication, valuation, and certification (AVC) services, as well as sale and purchase, hire purchase, financing, custody, security, and exhibition (CSE) services for movie and music media. By leveraging blockchain technology, Marvion has developed Digital Ownership Tokens (DOTs) to facilitate digital ownership and engagement.
Marvion, headquartered in Singapore, is among the pioneers in the Metaverse Blockchain space, driving the world's transition into Web 3.0. With a strategic focus on creating a metaverse ecosystem for the media and entertainment industry, the company is redefining digital interaction through cutting-edge blockchain solutions.
One of Marvion's most notable recent projects is the collaboration with the Chinese University of Hong Kong (CUHK) on the Central Park metaverse project. This groundbreaking initiative aims to create an immersive virtual environment that promotes sustainable practices and knowledge. Marvion's expertise in blockchain technology is integral to the project's success, combining innovative solutions with CUHK's academic insights in business sustainability.
Financially, Marvion has shown significant growth. The company reported a fivefold increase in revenue to US$5,557,710 for the first six months of 2023 compared to the same period in 2022. This growth underscores the effectiveness of Marvion's strategic initiatives and its ability to capitalize on emerging opportunities within the digital asset and blockchain industry. The company's gross profit also surged 17 times, reaching US$4,142,967 in the first half of 2023.
Looking ahead, Marvion is making strides in integrating artificial intelligence with blockchain technology to enhance its Digital Ownership Tokens (DOTs). The company recently unveiled its Artificial Intelligence Blockchain Framework (AIBF), which aims to improve transaction efficiency, scalability, and security. This innovative approach will further solidify Marvion's position as a leader in the blockchain space, ensuring that its solutions remain at the forefront of technological advancements.
Marvion is also exploring applications beyond media and entertainment. In a recent initiative, the company partnered with a prominent Halal certification provider in the UAE to develop a blockchain-based Halal certification system. This project aims to enhance transparency, efficiency, and security in the certification process, demonstrating the versatility and scalability of Marvion's blockchain technology.
As Marvion continues to evolve and expand its offerings, it remains committed to providing innovative solutions that drive growth and foster trust across various industries. For more information about Marvion Inc. and its transformative blockchain solutions, visit www.marvion.media.
On April 17, 2023, Bonanza Goldfields Corp. (OTC:BONZ) announced through its subsidiary Marvion the launch of Digital Ownership Tokens (DOTs). Designed for legally enforceable ownership of tokenized assets, DOTs will enable tokenization of various real-world assets, including property and art.
Marvion's platform utilizes blockchain technology, favoring the Polygon chain for its efficiency. The tokens provide ownership security and transparency, with smart contracts facilitating automated transactions. This innovation positions Marvion as a leader in the digital asset economy, providing significant opportunities for investors and asset owners.
Bonanza Goldfields Corp. (OTC:BONZ) announces that its subsidiary, Marvion, is participating in the Hong Kong International Film & TV Market (FILMART) from March 13-16, 2023. The event will host over 700 exhibitors, focusing on film and TV production and distribution in the Asia Pacific region. Marvion aims to showcase its innovative technologies, including AI and Autostereoscopic 3D, to enhance viewer experiences in media. CEO Raymond Chua emphasized the importance of in-person networking to promote their media assets and digital ownership token (DOT) technology, aimed at creating unique entertainment experiences.
On March 2, 2023, Marvion, a subsidiary of Bonanza Goldfields Corp. (OTC: BONZ), reported positive outcomes from its HKU Campusland project developed in partnership with Marvel Digital Ai. This AI-powered meta-campus at the University of Hong Kong successfully engaged undergraduates and will soon expand to primary and secondary schools. The initiative includes hands-on workshops in statistics and AI, with plans for further student participation in 2023. The meta-campus aims to foster learning in STEAM disciplines, providing a virtual environment mirroring the university's facilities.
On February 7, 2023, Bonanza Goldfields Corp. (OTC:BONZ) announced a partnership with Resimax Group, an Australian property group, to launch a Web 3.0 brand activation campaign. This initiative involves the minting and sale of digital ownership tokens (DOTs) tied to tangible and intangible assets, leveraging blockchain and NFT technologies. Marvion, a subsidiary of BONZ, will design the artworks and facilitate the minting of DOTs, which will be sold on Marvion's Metastudio. Resimax aims to reach more customers through innovative property offerings, enhancing its existing RGI Rewards program with blockchain integration.
Marvion, a subsidiary of Bonanza Goldfields Corp. (OTC:BONZ), announces its 'Brand Activation Campaign' aimed at assisting businesses in transitioning to Web 3.0. This campaign offers an end-to-end service, enabling businesses to implement blockchain technologies more effectively. CEO Raymond Chua emphasized innovative solutions that create digital assets and engage audiences within the metaverse. The campaign includes features like digital ownership tokens (DOTs) and a blockchain-independent service model, promoting a new essential for businesses.
On November 24, 2022, Marvion, a subsidiary of Bonanza Goldfields Corp (OTC:BONZ), announced a partnership with ComicAsia to launch an NFT collection titled DRACULA: Rising Sun on Marvion's Metastudio. The collection will feature 200 NFTs available for purchase via cryptocurrency and fiat. The NFTs will include on-chain legal documentation for provenance and support multi-chain functionality. This initiative aims to broaden ComicAsia's reach within the crypto community, blending entertainment with blockchain technology.
On Nov. 17, 2022, Bonanza Goldfields Corp. (OTC: BONZ) announced that its subsidiary, Marvion, signed a memorandum of understanding with 8SIAN to collaborate in the Marvion Metaverse. This agreement includes providing 8SIAN with a permanent building in the metaverse, enhancing their presence in Web 3.0. The partnership aims to leverage AI and blockchain technology to better understand consumer behavior. With access to over 55 million daily Roblox users, both companies are poised to expand their cultural representation and community engagement within the digital space.
Bonanza Goldfields Corp. (OTC:BONZ) reported significant growth in its media and entertainment segment for the first nine months of 2022, with revenues reaching US$6.5 million, a 3,681% increase year-over-year. Q3 revenue surged from US$13,677 in 2021 to US$5,421,280. Despite substantial technology and development costs of approximately US$8.73 million, the company noted a transition towards scalable revenue from licensed IP rights and media products. However, consulting revenue saw a sharp decline.
FAQ
What is the market cap of Bonanza Goldfields (BONZ)?
What does Bonanza Goldfields Corp. do?
What is the Central Park metaverse project?
How has Marvion performed financially in 2023?
What is Marvion's Artificial Intelligence Blockchain Framework (AIBF)?
What industries does Marvion's blockchain technology cater to?
What is a Digital Ownership Token (DOT)?
Who are Marvion's key partners?
Where is Marvion headquartered?
How does Marvion plan to expand its blockchain offerings?
How can I get more information about Marvion Inc.?
