Business
Valiant Eagle Inc. (OTC:PSRU) Signs On With Non-Fungible Token Auction Sites
Valiant Eagle Inc. (OTC:PSRU) Signs On With Non-Fungible Token Auction Sites.
About this update from Valiant Eagle Inc.
[{"type":"text","content":"Valiant Eagle Inc. is pleased to announce that, in the spirit of capitalizing on investor enthusiasm for non-fungible tokens, it is thrilled to sign on with two NFT auction sites in order to manage the sales of our NFT portfolio. We will initially focus on NFT’s related to the ABA Canada and our two US teams, Beverly Hills Majestics and Hollywood Action. We further feel the viability of capitalizing on NFT’s with our current and previous media projects with sister company, Providence Film Group, would be extremely lucrative.In the recent weeks the NFT craze has been explosive. With Elon Musk, Jack Dorsey, Jim Carey, Ja Rule, and other celebrities cashing in on in this, we believe there will be strong demand for our basketball, film and television, related NFTs.Ja Rule’s NFT Venture, KickFlip, sold a poster from the infamous Frye festival for $122,000 link . Twitter CEO, Jack Dorsey, sold his initial tweet as an NFT for $2.9 million linkSimply put, a non fungible token is anything in a digital form; say an image, a video or a song, with a unique signature that is accounted for by Blockchain technology usually by the cryptocurrency Ethereum. That means a digital picture of a cat or a rat or a hat can be bought or sold with completely verifiable ownership through computer code. Of course there can be copies of this NFT, just like there are copies of a painting, but there is only one original and the NFT, the token, is its statement of authenticity or provenance. The \"non fungible\" part refers to the item being singular, as opposed to currency, where say one bitcoin or a $100 bill is the same as any other.Valiant Eagle Inc.’s CEO, Xavier Mitchell, states, “This opportunity is too good to ignore. We believe our vast and diverse library of content and holdings will create strong demand in and amongst NFT investors. ”Updates will be forthcomingLegal Notice Regarding Forward-Looking Statements:This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject...