LAS VEGAS, Oct. 19, 2022 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has created a proprietary set of Non-Fungible Token (“NFT”) renderings for finalization in preparation for release to the NFT market. Over the past few months, the company has been working through a development process with a group of graphics and NFT consultants to create the first branded NFT renderings. The implementation of the company’s NFT business plan with the recent launch of operations in this new digital business segment strategically positions AABB for growth in the coming years.
Management created a corporate initiative earlier this year to enter the NFT market to promote the rapid expansion of the company’s digital asset base. Subsequently, the company has developed its first NFTs and has been in discussions to create more NFT marketplaces for unique digital content categories, including music, sports and video media. In addition, AABB has a comparative advantage to efficiently process NFT transactions within the marketplaces. Using the company’s existing blockchain-based digital technology platforms, the AABBG token, AABB Wallet and AABB Exchange can be quickly integrated into newly created NFT marketplace networks. Consequently, the company has been diligently focused on the development opportunities within the rapidly growing 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 in the long term, as NFTs are expected to become increasingly integrated with the general public and accepted by the investment community for their proven authenticity and uniqueness.
About Asia broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious metals and base metals, primarily to Asian markets. The company uses its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from production and delivery of precious and base metals in Mexico to customer sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the company and creates distinctive shareholder value. In addition, the company has added a digital asset business segment with its AABBG newly 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 the token to become a worldwide standard of exchange that is stable, secured and reliable with gold backing, while having the added benefit of demand-based price appreciation. These are unique and outstanding qualities compared to other cryptocurrencies.
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Forward-looking statements are contained in this press release pursuant to the Private Securities Litigation Reform Act of 1995. These statements are based on Asia Broadband Inc.’s (the “Company’s”) anticipated current beliefs about the Company’s operations, which are subject to uncertainty and change. The operations and results of the company may deviate significantly from what is expressed or implied by the statements above when industry, regulatory, market and competitive conditions change. Further information on these risks can be found in the annual and quarterly information published by the company on the OTC Markets website. The company undertakes no obligation to update or change its forward-looking statements as future circumstances, events and information may change.
