LAS VEGAS, May 12, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a Letter of Intent (LOI) to develop Non-Fungible Token (“NFT”) platforms and galleries and launch operations in the new digital business segment. The Company expects to sign a definitive agreement in the coming weeks and expedite the implementation of its NFT business plan.
AABB recently launched an initiative to enter the NFT market to advance the rapid expansion of the Company’s digital asset base. Subsequently, the Company has been in discussions to create multiple NFT marketplaces for unique digital content categories including music, sports and video media. Additionally, AABB possesses a comparative advantage to efficiently process NFT transactions within the marketplaces. Using the Company’s existing blockchain-based digital technology platforms, the AABBG token, AABB Wallet and AABB Exchange can be expeditiously integrated into newly created NFT marketplace networks. Consequently, the Company has been diligently focused on the developing opportunities within the rapidly expanding NFT market.
The NFT market in 2021 realized explosive growth and is estimated to have reached over $40 billion. Furthermore, the growth trend has continued in 2022, as NFTs are expected to become increasingly familiar and accepted by the investment community for their proven authentic and unique properties.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
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Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.