Business
CHIF Announces Appointment of Bitmart.com Managing Partner, Mr. Yuen Wong, as Chairman of the Board of Directors
CHIF Announces Appointment of Bitmart.com Managing Partner, Mr. Yuen Wong, as Chairman of the Board of Directors.
About this update from China Food & Beverage Co.
[{"type":"text","content":"\n London, UK, March 22, 2022 (GLOBE NEWSWIRE) -- China Food and Beverage Company (OTC Pink: CHIF), an Esports and Blockchain Consortium Venture company, today announced the appointment of Bitmart Cryptocurrency Exchange https://www.bitmart.com Managing Partner, Mr. Yuen Wong, as the Company’s Chairman of the Board of Directors effective immediately. BitMart is a premier global digital asset trading platform with over 5.5 million users worldwide and ranked among the top crypto exchanges according to CoinGecko. BitMart currently offers 600+ trading pairs with one of the lowest trading fees in the market. Bitmart's platform supports over 220 cryptocurrencies and has a 24-hour trading volume of approximately $1.5 Billion according to coinmarketcap.com https://coinmarketcap.com/exchanges/bitmart/. Mr. Wong is also a partner at leading global investment banking firm Silverbear Capital www.sbcfinancialgroup.com. CHIF further announced its plans to rebrand as part of its entrance into the Esports arena. Part of the rebranding will include a name change. Additional details will be announced shortly. CHIF management believes the timing of Mr. Wong’s appointment is right, as the Company embarks on its new direction into the massive Esport arena. The global Esport market revenue was valued at just over $1 billion in 2021 and is being projected to grow 400% in the next seven years to an estimated $4.28 billion by 2027. As a tech-savvy blockchain enthusiast, Mr. Wong also acts as an advisor to many successful blockchain projects. He is the CEO of LABS Group Limited https://labsgroup.io, the world's first end to end Blockchain powered real estate digital investment platform that provides access to fractionalized property and business ownership. LABS is taking a proactive role in spearheading the Esports hotel business, and capitalizing on the current GameFi and Metaverse trend. Mr. Wong also works as a strategic partner with Arena Esports Hotel www.arenaesportshotel.com, and has assisted by tokenizing the properties and offering them on LABS crowdfunding platform. The first project is located at Bugis Village, Singapore, which is the largest Esports hotel in Southeast Asia and the world’s first hotel with VR concepts. The plan is to expand to 50 locations through the partnership and franchise model in 3-5 years and reach ove...