Business
Light Media Acquires KWONFT.com and KWONFT.com - Strengthens Crypto Positioning
Light Media Acquires KWONFT.com and KWONFT.com - Strengthens Crypto Positioning.
About this update from Veri Medtech Holdings Inc.
[{"type":"text","content":"(Update/Correction - Release is Dated March 30, 2021)-------------------------------------------------------------------------------------------------------------------------------------Atlanta, GA and New York, NY, March 30, 2021 (OTC MARKETS) -- Light Media (OTC MARKETS: LGMH), Global Media Specialist, announced today that it has acquired: KWONFT.com and KWONNFT.com.\"CryptoCurrency Revolution continues to accelerate at LightSpeed, as NFTs (Non-Fungible Tokens) take-off. Light Media will not be on the outside looking in, and has formed a strategic alliance with a key developer to firm up positioning in the rapidly-evolving crypto space. There is more news to come, said Danny Wilson, CEO, Light Media Network.About NFTs (Non-Fungible Tokens): A non-fungible token is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership. Blockchains such as Ethereum, and Flow each have their own token standards to define their use of NFTs.A non-fungible token is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership. Blockchains such as Ethereum, and Flow each have their own token standards to define their use of NFTs.About Light Media: Through its internet, radio, television, print and special events asset platforms, Light Media (OTC: LGMH) specializes in the marketing and distribution of inspirational music, video, apps (audio, visual, games) and entertainment worldwide, as well as cryptocurrency-centric platforms and technology. LGMH has been steadily investing and reinvesting in its quest to build a leading, global multi-media conglomerate by delivering to the chosen target market com...