Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced an NFT collaboration with Plastiks.io https://plastiks.io/ to provide a smart contract approach to a marketplace where single-use package producers, waste recovery and recycling companies can come together to acquire and sell plastic disposal guarantees according to the type of single-use packaging. The role of the Plastiks.io platform is to be a blockchain-powered marketplace to bridge the gap between single-use packaging producers, waste recovery, and recycling companies in addition to consumers. The NFT pricing will be backed by real-world data for each NFT. Today’s announcement reflects the explosive growth and expanding applicability of the NFT marketplace sector. According to NonFungible.com, over $2 billion was spent on non-fungible tokens during the first quarter of 2021 — an increase of about 2,100% from Q4 2020, and already surpassing the total $250 million NFT market in 2020.
The management of NSAV believes that now is the perfect time to expand our presence in the NFT market. As an accelerator and solutions provider to the cryptocurrency, blockchain, and digital assets industry companies, NSAV is glad to join Plastiks.io in engaging the recycling industry. NSAV will use its resources to support Plastiks.io in becoming a trailblazer in the NFT Marketplace of plastic recovery, recycling, and production.
As global sales of art and antiques reached an estimated $50.1 billion in 2020 - with online sales reaching record highs and doubling in value - the art sector is not the only industry revolutionized by NFTs. Recycling is an industry with untapped potential, and NSAV and Plastisks.io are willing to explore more together by way of partnership. In creating an extensive hub of major players in the industry worldwide, NSAV will help Plastisks.io to become a dominating force in the global recycling industry, and both parties will form a consortium for upcoming projects. The addressable market currently comprises Polypropylene production which is 56,000,000 tons each year. This production is anticipated to increase to 88,000,000 metric tons each year by 2026. The current price per ton of Polypropylene is $945. The value of an NFT would be driven by said price. The biggest 20 FMCG companies are responsible for 55% of the total plastic waste.
Plastiks.io is launching the world’s first real-world asset-backed NFT marketplace for plastic recovered and recycled. Users can utilize the NFT Marketplace to buy, sell and invest in single-use packaging recovered and recycled guarantees. One of the primary features of the platform is the ability to use cryptocurrencies or traditional payment methods to buy and sell plastic recovered guarantees to ensure that the plastic will not end up in the environment. Plastiks.io will work with its extensive global network of recycling companies and plastic producers to eliminate counterfeit guarantees while minting NFTs on a multi-chain blockchain network, providing accurate NFT pricing backed by real-world data for each NFT on the platform.
André Vanyi-Robin, Founder and CEO of Plastiks.io, stated, “Our mission is to track all single-use packaging being recovered and recycled across the globe to provide recyclers and plastic producers with a connection that can be verified so that revenues can be .,generated for the recyclers to incentivize them to collect all plastic and convert this into valuable data that can enable producers of plastic to offset their production to achieve a Plastic Free world.”
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “NSAV has the capability, resources, and a team of professionals to support Plastiks.io in becoming the leading real-world asset-backed NFT Marketplace for plastic recovery and recycling. We believe the market potential is tremendous and we are looking forward to working with Plastiks.io to bring solutions and address challenges in the NFT industry.”
Stanley Yu, Senior Vice President of Technology and Silverbear Capital Partner stated, "I think this is a great opportunity for NSAV and it is both a great project at the blockchain and environmental level. It is an honor to show part of the effort in protecting our planet."
About Plastiks.io:
Plastiks.io is the marketplace where single-use plastic (SUP) producers and recyclers can connect and buy and sell SUPs which guarantee that specified amount of plastic will not end up in the environment. Specifically, Plastiks.io is a blockchain-based platform that connects to EXISTING information systems that are being used by companies who are PRODUCERS of Single Use Packaging and by WASTE RECOVERY and RECYCLING companies. The PLASTIKS platform provides a smart contract approach to a marketplace where single-use plastic (SUP) producers and waste recovery and recycling companies can come together to mint, acquire and sell plastic disposal guarantees similar to NFTs according to the type of single-use plastic (SUP).
To know more about Plastiks.io´s mission, check our social media channels listed below.
Website: https://www.plastiks.io
Twitter: https://twitter.com/Plastiks_io
Telegram Official Group: https://t.me/PlastiksioAnnouncements
About NSAV:
NSAV's vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
For further information please contact NSAV at info@nsavholdinginc.com
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate website can be accessed at http://nsavholdinginc.com
The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/
The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/
Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/ , a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/ .
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.
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