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News coverage of Bonanza Goldfields Corp. documented the company's remarkable transformation from a traditional mining exploration enterprise to a technology-focused organization operating in blockchain and digital asset markets. The evolution from precious metals exploration to Web3 solutions represented one of the more dramatic strategic pivots in the small-cap corporate landscape.
Early coverage focused on the company's mining exploration activities in historic Nevada and Arizona mining districts. Reports detailed property acquisitions, mineral rights developments, and exploration efforts targeting gold and silver deposits. This period established the company's identity within the natural resources sector, with announcements typically centered on geological findings, exploration progress, and mining industry developments.
As the company began its strategic transformation, news coverage shifted to document acquisitions and partnerships in the technology sector. The acquisition of Marvion Holdings Limited marked a turning point in the company's narrative, signaling its entrance into blockchain technology and NFT markets. This transaction generated significant attention as it represented a fundamental departure from the company's established business model.
Subsequent coverage examined the company's development of digital ownership token solutions and NFT platforms for media and entertainment applications. Announcements regarding technology development, partnership agreements, and service launches illustrated the company's progression in building its blockchain-focused business infrastructure. The media narrative evolved from mining exploration updates to technology innovation and digital asset developments.
The ultimate rebranding to Marvion Inc. and ticker change to MVNC received substantial coverage as the culmination of the company's transformation journey. Reports analyzed the strategic rationale behind the rebrand, the positioning within the metaverse and Web3 markets, and implications for stakeholders. This corporate evolution provided a case study in dramatic business model transformation, attracting attention from both technology and financial media outlets interested in blockchain adoption and corporate strategy shifts.
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.
Bonanza Goldfields Corp. (OTC:BONZ) subsidiary Marvion collaborates with Next Level Ventures for the Asia Neo Art Fest 2022 in Singapore, scheduled for November 19, 2022. This annual conference connects global experts and artists to discuss contemporary art's impact through NFTs and Web 3.0 technologies. Notable speakers include NFT artist Nicole Buffett and filmmaker Jack Neo. Attendees can receive exclusive NFT drops during the event, emphasizing the growing adoption of NFTs in the economy.
Marvion, a subsidiary of Bonanza Goldfields Corp. (OTC:BONZ), successfully hosted the inaugural Web 5.0 Conference in Singapore on November 1, 2022, attracting over 400 attendees. The conference focused on themes such as innovation, technology, legal regulations, and investment. Notably, the event featured Singapore's largest autostereoscopic glasses-free 3D display, showcasing the exclusive trailer of 'Forensic Psychologist'. Marvion's Digital Ownership Tokens (DOTs) were highlighted as a unique offering that combines digital and physical ownership experiences.
Bonanza Goldfields Corp. (OTC:BONZ) announces its subsidiary Marvion Pte Ltd's partnership with 8SIAN to display the 8SIAN Jade Lady x Royal Selangor sculpture at the Web 5.0 Conference on November 1, 2022, in Singapore. This collaboration aims to highlight the intersection of NFTs and cultural heritage, showcasing a limited-edition sculpture crafted from pewter and jade, symbolizing wealth and prosperity in Asian culture. Marvion’s CEO expressed optimism about future partnerships, emphasizing their commitment to exploring more opportunities in the NFT space.
Bonanza Goldfields Corp. (OTC:BONZ) announced a Memorandum of Understanding with Marvion Pte Ltd to develop services for the US$37 billion digital assets industry.
The collaboration will focus on smart contract reviews, technological support, and compliance advisory. Marvion will leverage its expertise in web3 technology while Prosynergy will provide regulatory advice.
This partnership aims to capture growth potential in a sector projected to reach US$82.71 billion by 2027, with a 17.30% CAGR.
On October 20, 2022, Marvion, a subsidiary of Bonanza Goldfields Corp. (OTC:BONZ), announced the launch of HKU CampusLand, Hong Kong's first metaverse campus with integrated artificial intelligence, developed on the Roblox platform. The initiative, in collaboration with Marvel Digital AI and the University of Hong Kong, aims to enhance education through virtual interactions and AI-powered avatars. From October 17, 2022, students will benefit from immersive project-based learning experiences, with plans to extend this initiative to primary and secondary schools in Hong Kong in 2023.
