Company to Enter the High Growth NFT Market and Accelerate Digital Asset Expansion
LAS VEGAS, Nov. 16, 2022 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that its recently created proprietary collection of Non-Fungible Token (” NFT”) renderings are in the final stages of development prior to release into the NFT marketplace. Over the past several months, AABB has been collaborating with Web 3.0 consultants to bring this project to life, now branded as the “Golden Baboons Mining Club”. Management will continue to implement its NFT business plan and escalate the recently launched operations within the Company’s digital business segment. Additionally, the Web 2.0 to Web 3.0 expansion strategically positions AABB for growth in the coming years.
“Since we are a gold mining company and also have our AABBG gold-backed digital token, it was a logical extension to develop an NFT project related to gold. Our primary goal with the NFT segment is to bring all the elements of AABB together to increase market awareness in an entertaining way with the creation of an endearing mascot-like character that embraces the spirit and community of all AABB followers. Consequently, we intend to build shareholder value and loyalty by positioning our own unique “Baboon Army” in the NFT space as other company’s have done like AMC with its Ape ARMY,” expressed Chris Torres, AABB President and CEO.
The Golden Baboons Mining Club will be the initial NFT collection from AABB. Shareholders, token holders and followers of the Company can now stay current on the most recent NFT project developments by following our newly created twitter account at: https://twitter.com/GoldenBaboons
Additional project information will be rolled out in the coming days and weeks, which will include Q&A spaces on twitter, website launch, and pre-sale registration.
AABB management created a corporate initiative earlier this year to enter the NFT market to advance the rapid expansion of the Company’s digital asset base. Also, the company has been developing its initial NFTs and been in discussions to create multiple NFT marketplaces for unique digital content categories including music, sports and video media. Additionally, AABB possesses a comparative advantage to efficiently process NFT transactions within the marketplaces. The Company’s existing blockchain-based digital technology platforms, the AABBG token, AABB Wallet and AABB Exchange can be expeditiously integrated into newly created NFT marketplace networks. Consequently, the Company has been diligently focused on the developing opportunities within the rapidly expanding NFT market.
The NFT market in 2021 realized explosive growth and is estimated to have reached over $40 billion. Furthermore, the growth trend is projected to continue long-term, as NFTs are expected to become increasingly integrated with the general public and accepted by the investment community for their proven authentic and unique properties.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment with its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet, a proprietary digital exchange AABBExchange and a proprietary cryptocurrency payment gateway solution PayAABB.com. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
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Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.