Business
Oriental Culture Announces Strategic Partnership with Hangzhou Metaverse Internet Technology Co., Ltd.
HONG KONG, May 26, 2022 /PRNewswire/ -- Oriental Culture Holding LTD. ("Oriental Culture" or the "Company") (NASDAQ: OCG), a leading online service provider
About this update from Oriental Culture Holding Ltd
[{"type":"text","content":"HONG KONG, May 26, 2022 /PRNewswire/ -- Oriental Culture Holding LTD. (\"Oriental Culture\" or the \"Company\") (NASDAQ: OCG), a leading online service provider of collectibles and artworks, announced today that the Company's wholly-owned subsidiary, HKDAEx Limited, has entered into a strategic cooperation memorandum of understanding (\"MOU\") with Hangzhou Metaverse Internet Technology Co., Ltd. (\"HMIT\").\nPursuant to the MOU, the parties will cooperate and integrate their respective industry resources to provide services to global users in connection with NFTs for cultural and artwork collections, including the mint, sales, auctions, trading of NFTs. This strategic partnership aligns the unique strengths of OCG and HMIT, advances the listing business for physical and digital collectibles and artwork portfolios on the platform of HKDAEx，which is open for the collectors, artists, art dealers and owners worldwide. \nAbout Oriental Culture Holding LTD.\nOriental Culture Holding LTD is an online collectibles and artwork e-commerce service provider that allows collectors, artists, art dealers and owners to access a much bigger art trading market where they can engage with a wider range of collectibles or artwork investors than they could likely encounter without our platforms. We currently facilitate trading by individual and institutional customers of various kinds of collectibles and artworks and certain commodities on our leading online platforms owned by our subsidiaries in Hong Kong. We also provide online and offline integrated marketing, storage and technical maintenance service to our customers in China. The Company is in the process of developing business and services relating to NFTs for cultural and artwork collections as well as a metaverse project. For more information about the Company, please visit: www.ocgroup.hk.\nForward-Looking Statement\nThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, objectives, goals, strategies, future events or performance, as well as underlying assumptions and other statements that are not historical facts. A company is making forward-looking statements when it uses words such as \"may,\" \"will,\" \"intend,\" \"should,\" \"believe,\" \"expect,\" \"antic...