Business
NSAV Acquires 40% Stake in NFT Marketplace, FUNGY, Expands Presence in Multi-Billion Dollar Global NFT Market
NSAV Acquires 40% Stake in NFT Marketplace, FUNGY, Expands Presence in Multi-Billion Dollar Global NFT Market.
About this update from Net Savings Link, Inc.
[{"type":"text","content":"Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company, announced today that the Company has purchased a 40% stake in state-of-the-art NFT Marketplace, FUNGY. In line with the purchase, the FUNGY NFT Marketplace is currently undergoing a major overhaul and will launch shortly. NSAV management believes that the global NFT market will continue to bounce back in 2023. According to published reports, NFT revenue in the global NFT market is expected to reach $1.6 billion in 2023.https://www.statista.com/outlook/dmo/fintech/digital-assets/nft/worldwideFungy allows artists and creators to issue, buy and sell custom crypto assets representing ownership in their digital work. Fungy is both a marketplace for those assets and a distribution network built on the Polygon blockchain https://www.polygon.com/ , enabling them to trade without a middleman.At its core, Fungy is an NFT platform for securing digital collectibles with blockchain technology. However, it is also a new NFT platform where cinema, TV, and sports lovers can acquire, mint, and sell unique media NFTs and enjoy incredible real-life opportunities.Fungy Platform's technology is a computational clustering that orchestrates an intricate balance of computational resources, ensuring optimal performance and resource allocation even in the face of unprecedented challenges. This adaptability empowers it to stand resiliently against the unexpected, turning adversity into an opportunity for unparalleled system robustness.The core software is Open Source Linux, which provides an array of built-in security defenses including firewalls that can be tailored to our requirements. Governmental Critical Infrastructure and National Security Systems incorporate Open Source Linux, and we do as well.Fungy provides a world of IRL (In Real Life) utility, empowering members to claim sports games, cinema, and concert tickets, gain VIP film premier access, grab exclusive merchandise, and visit film and TV production sets. In some instances, they can even appear in film productions themselves.In September 2021, Cinevision Global signed a deal to allow Fungy to sell Cinevision's film and television catalog of over 2,000 titles as NFTs. Cinevision has titles with A-list stars such as Bruce Lee, Mel Gibson, Morgan Freeman, Keanu Reeves, Charlie Chap...