CurrencyWorks Announces December Launch of Motoclub NFT Trading Platform

Rhea-AI Summary

CurrencyWorks has announced the upcoming launch of its Motoclub NFT trading platform, set to go live in mid-December. This platform will support NFT trading for the curated Motoclub marketplace, allowing users to connect their digital wallets for seamless transactions. The NFT market is experiencing robust growth, with sales exceeding $10.6 billion in Q3 2021. The company reports continued success with Barrett-Jackson NFT sales, keeping it on track to reach its revenue targets. Future plans include implementing cross-blockchain support.

Positive

• Upcoming launch of the Motoclub NFT trading platform expected in mid-December.
• Record-high demand for NFTs, with sales volumes exceeding $10.6 billion in Q3 2021.
• Successful Barrett-Jackson NFT sales contributing to revenue target achievement.

Negative

• None.

The platform will facilitate NFT trading for curated marketplaces including VUELE^™ and Motoclub as well as community-based enterprise-grade NFT assets

Los Angeles CA, Dec. 02, 2021 (GLOBE NEWSWIRE) -- CurrencyWorks Inc. (“CurrencyWorks'' or the “Company”), (CSE: CWRK and OTCQB: CWRK), an award-winning, full service blockchain platform provider, is pleased to announce that its Motoclub NFT trading platform (the “Platform”) is scheduled to go live in mid-December.

The Platform will facilitate NFT trading for the CurrencyWorks led curated Motoclub marketplace. Users will be able to easily connect to their digital wallets and instantly purchase or sell NFTs.

Demand for digital collectibles continues to soar to record highs. According to DappRadar, NFT sales volumes topped $10.6 billion USD in the third quarter of 2021, which is up more than 700% from the previous quarter. The blockchain industry also grew 25% quarter-over-quarter and 509% year-over-year in terms of Unique Active Wallets (UAW). On average, daily UAW topped more than 1.5 million in the third quarter.

“The launch of the trading platform for Motoclub NFTs is part of the phased roll-out in support of the growing Motoclub community. We are excited by the growth of the community and the input the community has provided on the roadmap and systematic evolution of the Motoclub platform. We are determined to provide the best user experience for creators, buyers and sellers,” said Cameron Chell, Executive Chairman of CurrencyWorks.

Motoclub, CurrencyWorks’ NFT platform for exclusive automotive collectibles, has continued to record successive sellouts of Barrett-Jackson NFT packs. With sales continuing to top expectations, Motoclub is on track to meet its revenue targets for 2021 and beyond.

Following the launch of the Platform, CurrencyWorks will begin working on providing cross-blockchain support.

About CurrencyWorks

CurrencyWorks Inc. (CSE: CWRK and OTCQB: CWRK) is an award-winning, publicly traded company that builds and operates a full service blockchain platform.

For more information on CurrencyWorks, please visit us at www.currencyworks.io. For additional investor info visit www.currencyworks.io or www.sedar.com and www.sec.gov searching CWRK.

Media Contact:
Arian Hopkins
arian@currencyworks.io

Company Contact:
Bruce Elliott, President
Phone: 424-570-9446
Bruce.elliott@currencyworks.io

About Motoclub.io

Motoclub is a digital collectible space for automotive enthusiasts and fans of automotive memorabilia.

Motoclub partners with some of the biggest names in motorsport, classic and contemporary vehicles, to bring collectors some of the most unique and exclusive digital collectibles available today.

All Motoclub collectible NFTs are minted, sold, and traded through its own specially created platform for buyers to enjoy through their own Motoclub digital wallets.

The Motoclub platform is supported and managed by blockchain pioneers CurrencyWorks Inc.

For more information, go to http://www.motoclub.io.

Media Contact
Richard Hilton
media@motoclub.io

FAQ

When will CurrencyWorks' Motoclub NFT trading platform launch?

The Motoclub NFT trading platform is scheduled to launch in mid-December 2021.

What is the sales volume for NFTs in Q3 2021?

NFT sales volumes topped $10.6 billion in the third quarter of 2021, representing a growth of over 700% from the previous quarter.

What is the stock symbol for CurrencyWorks?

The stock symbol for CurrencyWorks is CWRK, listed on CSE and OTCQB.

How is CurrencyWorks performing with Barrett-Jackson NFT sales?

CurrencyWorks reports continued sellouts of Barrett-Jackson NFT packs, exceeding sales expectations and supporting revenue targets.