UA Multimedia Introduces NFT Swapping Platform And Also Provides Business Updates - GlobeNewswire

UA Multimedia Introduces NFT Swapping Platform And Also Provides Business Updates – GlobeNewswire

|Resource: UA Multimedia, Inc.


IRVINE, CA, Aug. 05, 2022 (GLOBE NEWSWIRE)– UA Multimedia, Inc. (OTC: UAMM), an innovation holding business and also option company in the locations of blockchain, cryptocurrency, non-fungible token (NFT) as well as metaverse, delights in to present its NFT switching system as well as to give basic organization updates.

NFT Swapping

UA Multimedia has actually been creating a system that will certainly enable proprietors of NFTs to listing as well as switch their NFTs for various other electronic possessions, consisting of cryptocurrencies.

As the NFT market ended up being elder, the area saw an enhancing variety of blockchains providing their very own variation of NFTs. The majority of NFT industries just approve a restricted variety of settlement approaches therefore restricting purchase tasks.

The current decline in the crypto market had actually reduced the quantity of NFT as well as crypto trading quantity dramatically throughout the board. The reduced liquidity caused lots of NFT proprietors incapable to offer their electronic properties.

To stimulate NFT as well as crypto trading tasks, UA Multimedia will certainly be providing a solution that will certainly enable proprietors of NFTs to exchange their electronic possessions based upon equally concurred worths. Not just NFTs on one blockchain can be exchanged for NFTs on one more blockchain, they can additionally be exchanged for different cryptocurrencies. The Company will certainly function as an intermediary to assist in the exchanges.

The Company intends to release an initial variation of the system later on this month.

GogiSwap

GogiSwap is a decentralized permissionless cryptocurrency exchange. The system does not detail any type of symbols. It purely attaches to a network of significant crypto exchanges worldwide to offer individuals with the very best rate exploration and also liquidity for reliable trading.

Unlike central exchanges, GogiSwap is a wallet-agnostic and also non-custodial system that does not need individuals to down payment funds right into their accounts. All purchases are made through the customer’s very own electronic pocketbooks, therefore permitting them to be completely control of their cryptos.

Due to rigid competitors and also weak point out there, trading on the system has actually been sluggish. The Company anticipates to see boosting tasks in the future as it prepares to utilize this system to make assisted exchanges as well as to sustain the NFT exchanging solution.

SocialFi

The Company is establishing a system that will certainly permit individuals to develop media materials and also take part in social tasks to gain incentives symbols. The application is arranged to release this quarter.

Gogi Marketplace

Gogi Marketplace is a Binance Smart Chain NFT market. The system enables customers to mint, checklist, deal NFTs on the Binance chain at marginal purchase price.

The Company just recently utilize the industry to mint as well as airdrop NFTs to its investors as investor benefits. Owners of the NFTs instantly obtain participated in regular drawings for different rewards along with a share of lotto game jackpots.

The Company prepares to utilize this system as well as various other chain industries to provide future NFTs in addition to sustain NFT switching solutions.

GOGI Utility Token

The Company’s Binance Smart Chain BEP20 energy token, GOGI, has actually just recently been aird