UA MULTIMEDIA INC - UAMM STOCK NEWS

UA Multimedia, Inc. (OTC: UAMM) has announced several advancements in its business strategy, focusing on diversified revenue streams in blockchain, fintech, digital assets, Web3, and electric vehicles. The company is modifying its NFT marketplace to accept Ethereum and listings for physical items. A partnership with Wanderport Corp aims to provide electric vehicle conversion kits. Additionally, UAMM is negotiating acquisitions in technology firms to enhance its product offerings. A preliminary solution for EV charging challenges is expected in Q1 2023, reflecting UAMM's commitment to grow amid changing market conditions.

UA Multimedia, Inc. (OTC: UAMM) has announced the launch of its NFT swapping platform aimed at enhancing digital asset trading. The platform will facilitate swapping NFTs across different blockchains and for cryptocurrencies, responding to recent market liquidity challenges. Additionally, GogiSwap, a decentralized exchange offering, is being utilized to support these exchanges. The company is also venturing into SocialFi, developing a platform for media content creation and rewards. Recent airdrops of its GOGI utility token to shareholders and plans to enter the metaverse and pursue strategic acquisitions highlight UAMM's growth initiatives.

UA Multimedia (OTC Pink: UAMM) announced a shareholder loyalty program involving NFTs and GOGI utility tokens, effective from July 1, 2022. Shareholders owning at least 10,000 shares by June 30, 2022, will receive NFTs and bonus tokens, with additional NFTs available for purchase. Raffles will occur bi-monthly, starting shortly after the airdrop, with the first prize being an NFT. The company aims to enhance shareholder value and explore new revenue streams through this initiative.

UA Multimedia, Inc. (UAMM) has announced the launch of NFT-based shareholder loyalty rewards, including raffle entries and GOGI token airdrops. Minted on the Binance Smart Chain and Ethereum, verified shareholders as of June 30, 2022, will receive these NFTs, which also allow non-shareholders to purchase via GOGI Marketplace or OpenSea. The NFTs enable entry into bi-monthly raffles for prizes and scheduled GOGI token distributions. Furthermore, the company’s SocialFi project is advancing, aiming to incentivize short video content creators. This initiative is expected to enhance shareholder engagement and revenue streams.

UA Multimedia, Inc. (OTC Pink: UAMM) has announced its new Social Finance (SocialFi) platform, integrating social media with blockchain and cryptocurrency. The platform aims to tap into the growing 4.5 billion global social media users by allowing them to monetize content and list items for sale using the GOGI utility token and Ethereum. Initial platform release is set for Q2 2022. The company also plans to integrate all existing crypto and NFT marketplace modules and aims to support metaverse capabilities as the market matures.

UA Multimedia (OTC Pink: UAMM) has launched its beta Gogi Marketplace, expanding its foothold in the rapidly growing $25 billion NFT market projected to reach $80 billion by 2025. The marketplace operates on the Binance Smart Chain, offering faster and cheaper transactions compared to Ethereum. Gogi Marketplace aims to support diverse categories of digital assets and plans to incorporate multi-chain transactions in the future. CEO Michael Lajtay highlighted the significant growth potential in NFTs and the metaverse, positioning the company as a key player in this space.

UA Multimedia, Inc. (OTC Pink: UAMM) has announced its strategic entry into the metaverse through land acquisition in Sandbox, a leading platform in the gaming industry. The company plans to develop a Play-to-Earn game and monetize virtual assets as NFTs. Additionally, UAMM aims to enhance its ecosystem with DeFi initiatives, an NFT marketplace, and potential expansion into Decentraland. Although the NFT marketplace launch is delayed for further testing, UAMM is preparing to list its Galaxy Walker NFT collection on OpenSea soon. CEO Michael Lajtay expresses optimism about future projects.

UA Multimedia, Inc. (OTC Pink: UAMM) announced its focus on blockchain, cryptocurrency, and metaverse initiatives. Key updates include the launch of GogiSwap, a decentralized exchange for 250+ cryptocurrencies, and the upcoming GOGI token integration into its NFT marketplace, aimed for launch next week. Despite minor delays due to tech issues, the company anticipates significant growth in DeFi and metaverse projects, with an expected market revenue of $800B by 2024. The interim CEO expresses excitement about the potential in these sectors.

UA Multimedia, Inc. (OTC Pink: UAMM) announces the beta launch of its decentralized exchange (DEX), GogiSwap, facilitating efficient trading of 280 cryptocurrencies across 20 blockchains. Unlike centralized platforms, GogiSwap allows users to retain control of their funds through personal digital wallets, eliminating the need for personal information. The company is also developing mobile apps for Android and iOS, expected by the end of December 2021. GogiSwap is the first part of a broader ecosystem, which will include a utility token and engagement features. CEO Michael Lajtay expressed optimism about future product launches.