UA Multimedia Provides Corporate Updates and Announces Close to Time period Cryptocurrency Business Prepare

Irvine, California–(Newsfile Corp. – March 15, 2021) – UA Multimedia, Inc. (OTC Pink: UAMM), a keeping corporation and answer supplier in the spot of blockchain, cryptocurrency, fintech and decentralized finance, is delighted to supply corporate updates and announce near expression cryptocurrency enterprise program.

Normal Corporate Update

Because of to the unfriendly cannabis business setting in the earlier several years, the Business pivoted to blockchain technologies in late 2019 and established it as the concentrate likely forward. Due to the business enterprise disruption triggered by the COVID-19 pandemic in early 2020, UA Multimedia’s procedure has been minimum till late final calendar year.

To position for organic and natural and exterior development via mergers and acquisitions, management had submitted all the late periodic experiences and brought the Company recent with OTC Markets. In addition, it has secured and cancelled 70M limited shares of its Common stock, cutting down the whole superb shares by 19% to 305.6M.

The Enterprise has skilled healthy advancement in the cryptocurrency phase since Q4 of 2020. Transactions linked to Bitcoin have been regular and are envisioned to remain so for the foreseeable near long term.

The Corporation is in negotiation to get a managing fascination in a little crypto trade. Additional information about the acquisition will be delivered when the transaction has been consummated.

Among the other to be declared corporate updates, the Business aims to satisfy all prerequisites and uplist to OTCQB as soon as practicable.

Blockchain Alternative Company

UA Multimedia together with its technological innovation and company partners is a resolution supplier for a broad range of digital asset purposes.

On the know-how front, the Company gives full cycle improvement providers of blockchain programs relevant to token development, intelligent deal, fintech and decentralized finance (DeFi). The tokens and alt-cash made will mainly be for the Ethereum blockchain using the ERC-20 typical for fungible tokens and ERC-721 or ERC-1155 for nonfungible tokens.

On the small business front, the Corporation provides to support with token listing, marketing and advertising and capital increasing. All token income will comply with the proper regional’s needed rules.

Business enterprise Chances and Products Improvement

In addition to technical consulting expert services, the Organization is thinking about a variety of other revenue streams related to DeFi this sort of as swapping, staking and produce farming. The Business is also taking into consideration to produce platforms for these expert services someday in the future.

Nonfungible tokens (NFT) have recently emerged as a disruptive blockchain application for creators and collectors of electronic performs of artwork. Creators of digital arts or media contents can now market their collectible or limited version perform by representing them with NFTs and sell them on numerous marketplaces.

As aspect of a media and know-how corporation, UA Multimedia programs to acquire and resell different electronic collectibles through NFTs. In addition, the Company is assessing the business scenario of producing its possess NFT market comparable to OpenSea or Rarible.

The Corporation also sees quite a few other practical apps for NFTs and strategies to take a look at them in the in close proximity to future.

Other Updates

After some decades of unfriendly hashish ecosystem, the sector is exhibiting signs of revival under the new administration. The Company has a pair of hashish projects that have been positioned on keep that it taking into consideration to revamp must it see additional favorable developments in the sector. New enhancement on these projects could be coupled with blockchain or cryptocurrency for added operation and values.

To incentivize its customers and affiliate marketers with various engagements, the Business plans to develop utility or stability tokens as aspect of the new jobs under thing to consider. Extra facts concerning the tasks will be delivered as company develops.

“The latest rise in cryptocurrency momentum in typical and Bitcoin in individual have introduced a broad selection of business enterprise opportunities for UA Multimedia,” mentioned Michael Lajtay, interim Chief Govt Officer. “If properly implemented, apps working with blockchain and Ethereum can disrupt numerous present ways we at the moment perform corporations. Our goal is to make improvements to functionality and develop values by exploiting these technologies,” ongoing Lajtay.

About UA Multimedia, Inc.

UA Multimedia, Inc. is a remedy supplier specializing in blockchain, cryptocurrency, fintech and decentralized finance (DeFi). It is also a holding enterprise searching for to receive domestic and overseas entities who are in the very same area.

Firm web page:

Ahead Looking Statements:

This launch includes forward-wanting statements inside the which means of Segment 27a of the Securities Act of 1933, as amended and segment 21e of the Securities and Exchange Act of 1934, as amended. These statements incorporate the intent, perception or latest expectations of the Firm and its administration crew. Some or all of the events or effects anticipated by these forward-looking statements may possibly not manifest. Future buyers are cautioned that any these ahead-seeking statements are not ensures of upcoming effectiveness and include risks and uncertainties, and that actual results may differ materially from individuals projected in the forward-looking statements as a outcome of a variety of variables. Accomplishing the technique explained herein is drastically dependent upon quite a few things, numerous that are not in management’s handle. UA Multimedia, Inc. does not undertake any obligation nor does it intend to update the results of these ahead-searching statements.

Get in touch with

UA Multimedia, Inc.
Trader Relations
[email protected]

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