Lion Announces its NFT Language Project MetaWords Passes CertiK Audit
Lion Group Holding Ltd. (NASDAQ: LGHL) has announced that its NFT language project, MetaWords, has successfully passed the CertiK security audit. Collaborating with renowned calligrapher Xu Bing, MetaWords consists of Character NFTs and aims to establish a universal meta-language in the Metaverse. Character NFTs and other related NFTs will be exclusively available on Lion’s NFT platform. Revenue generated from NFT sales will support a global marketing campaign to expand MetaWords' reach. Lion is dedicated to building a prominent NFT marketplace and enhancing its presence in the Metaverse.
- MetaWords project successfully passed CertiK security audit.
- Collaboration with renowned artist Xu Bing could enhance brand reputation and marketability.
- Revenue from MetaWords NFT sales will fund global marketing efforts, promoting the project.
- Dependence on market acceptance of NFTs and Metaverse-related products poses a risk.
- Uncertainties related to the business combination and its impact on the company's future performance.
HONG KONG, Dec. 20, 2021 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and metaverse-related initiatives, today announced its NFT language project MetaWords has passed CertiK security audit.
MetaWords was created in collaboration with renown Chinese calligrapher and conceptual artist Mr. Xu Bing. MetaWords consists of Character NFTs derived from Mr. Xu's Book of the Ground. One of the most influential artists on the international stage, Mr. Xu's artistic exploration focuses on social symbols, language and communication with unique, expressive style. Drawing upon this, MetaWords aims to serve as a universal meta-language for the Metaverse based on high-recognition, high-consensus symbols in contemporary society.
Minted through Lion's NFT platform, Character NFTs serve as the basic units of the MetaWords language system. MetaWords work also includes Shard NFTs, which are excerpts drawn from Mr. Xu's book, and Original NFTs that are new works created by members of the community using MetaWords NFTs and the Lion NFT platform's creation tool. MetaWords NFTs can be purchased exclusively through Lion's NFT platform at auction or through a blind box, using a Smart Contract for transactions.
The project is exclusively authorized by Mr. Xu and launched by Flying Lion Lab, a subsidiary of Lion. Flying Lion Lab will use revenue generated from the sale of characters for its global marketing campaign, inviting more people from conventional fields, content creators, and internet natives to get to know MetaWords and join the Metaverse.
About Lion
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in one, state-of-the-art trading platform that offer a wide spectrum of products and services, including (i) total return service (TRS) trading, (ii) contract-for-difference (CFD) trading, (iii) insurance brokerage, and (iv) futures and securities brokerage. In addition, Lion owns a professional and experienced SPAC sponsorship team to become a leader in the SPAC arena, helping guide private companies through their listing journey while creating value for Lion itself. Lion is also fully committed to building the world's top one-stop, cross-chain, high-expansion non-fungible token (NFT) marketplace and entering metaverse space through blockchain technology. Additional information may be found at http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Lion's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Lion's expectations with respect to future performance and anticipated financial impacts of the Business combination, the satisfaction of the closing conditions to the business combination and the timing of the completion of the business combination. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Lion and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to maintain the listing of the post-acquisition company's ADSs on NASDAQ following the business combination; (2) the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; (3) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (4) costs related to the business combination; (5) changes in applicable laws or regulations; (6) the possibility that Lion may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties to be identified in the proxy statement/prospectus relating to the business combination, including those under "Risk Factors" therein, and in other filings with the Securities and Exchange Commission ("SEC") made by Lion. Lion cautions that the foregoing list of factors is not exclusive. Lion cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Lion does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.
Contacts
Lion Group
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: 1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.
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