Business
Gen2 Technologies (MNIZ) Strikes Strategic Deal for 5% of NFT Sports (Colosseum Cards)
Gen2 Technologies (MNIZ) Strikes Strategic Deal for 5% of NFT Sports (Colosseum Cards).
About this update from Gen 2 Technologies Inc.
[{"type":"text","content":"Sparks, NV, July 5, 2021 /EINPresswire/Gen2 Technologies Inc. (the ”Company”) (OTC:MNIZ) is pleased to announce that it has entered into a transaction by which it will have a 5% stake in NFT Sports, a Wyoming registered company which is commercialising the breakthrough NFT Trading Cards proposition named Colosseum Cards (CC). CC is scheduled to shortly deliver its first NFT drop and has an active Discord channel and NFT whitelist with each having more than 1,000 individuals signed up. Details on the exciting CC proposition can be found at the following link: www.colosseumcards.comThrough the CC proposition, NFT Sports will be competing directly with competitors such as category leader Sorare, and will be looking to tap into significant global demand exemplified by other propositions such as NBA Top Shot.Furthermore, NFT Sports will shortly be launching a US-focused proposition aimed at NCAA athletes, which following a recent landmark US Supreme Court case will enable NCAA athletes to create and monetise their own NFTs.In exchange for the 5% stake, NFT Sports will be granted licensed access to applicable Gen2 Technologies’ video content, including from the Iris Media Network. Furthermore, Gen2 Technologies will provision cameras to NFT Sports on a cost plus basis not to exceed either the general retail price or wholesale channel price, the minimum of the two.Commenting on the Strategic Deal, Mr. Michael Kovacocy, CEO of Gen2 Technologies, stated: “Our technology offers our shareholders a here and now opportunity to capitalise on the rapid growth in the market for collectible NFTs and digital sports trading card games. An equity stake in NFT Sports and its exciting proposition Colosseum Cards represents an excellent opportunity for our shareholders to participate in a potentially substantial marketplace. Furthermore, conversations with image rights holders whose permission is required for the creation of player likenesses in CC’S NFTs have indicated interest in Gen2’s Iris miniature body-worn cameras and content driven by said cameras. We look forward to working with NFT Sports to deliver shareholder value to our loyal shareholders.”For further queries, please feel free to email the Company at: [email protected] also wish to inform our shareholders that our new website, www.gen2technologies.com is...