Clubhouse Media to Leverage its 280M Global Social Media Reach in Blossoming NFT Market with New Crypto Content Strategy
April 21 2021 - 8:30AM
InvestorsHub NewsWire
Clubhouse Media to Leverage its 280M Global
Social Media Reach in Blossoming NFT Market with New Crypto Content
Strategy
New BlockhouseCH House will seek to Coordinate
Top Creators and Experts to Drive Value in Emerging Tokenized
Digital Content Marketplace
LOS ANGELES, CA -- April 21, 2021 --
InvestorsHub NewsWire -- Clubhouse Media Group, Inc. (OTCMKTS:CMGR)
(“Clubhouse Media” or the “Company”), an influencer-based marketing
and media firm with a vast aggregate global social media reach, is
excited to announce that the Company has begun preparations toward
the launch of a new content house focused on the creation,
tokenization, and sale of unique digital artwork and content items
associated with non-fungible tokens
("NFT"s).
BlockhouseCH will seek to leverage the Company’s
strong network to bring together leading artists, influencers, and
experts in personal finance, cryptocurrency investing, and the NFT
marketplace. In addition, through BlockhouseCH, the Company intends
to tokenize content from in-house creators to be marketed on
platforms such as rally.io. It will also attempt to identify opportunities
centered on promising digital artwork that can be acquired,
tokenized, and marketed, with the Company’s powerful influencer
network helping to market such items.
BlockhouseCH will also provide expert social
media content tailored to those interested in cryptocurrencies,
angel investing, personal finance, and alternative stored value
opportunities, including
collectibles.
Chris Young, President of Clubhouse Media,
commented, “BlockhouseCH will be one of the world’s first
crypto-centric content houses, bringing together real expertise in
the cryptocurrency and NFT space and pairing that expertise with
heavy hitters on the influencer side to create content designed to
resonate with those interested in personal finance, NFTs, and
cryptocurrency investing and deliver it to a massive global
audience through leading social
platforms.”
A
non-fungible token, or NFT, is a unit of data stored on a
blockchain that certifies the uniqueness of a digital asset (a
piece of content, a song, a picture, a highlight, a video clip, a
tweet, or any other piece of digital information that may have
cultural value). By purchasing an NFT associated with a digital
asset, one can own it as a unique non-fungible asset, even though
other people may still be able to view and share the associated
content.
“By
analogy, anyone can go to an art museum and look at a painting,”
continued Young. “And anyone can buy a print of the painting or
take a picture of it. But only one entity can own the original
painting. To carry the analogy further, the more popular the
painting becomes, and the more prints of it are bought and imaged
online, the more valuable the original painting becomes, with all
of that value conferring singularly to the owner of the original
painting. The same logic applies to the NFT market, where we have
seen enormous growth over the past
year.”
Major NFT marketplaces such as Rarible and
Opensea have seen sales rise between 50-fold to 100-fold in the
past three months. Leading venture capital firms have started to
fund new platforms, and more platforms are anticipated. In first
quarter of 2021, the combined market cap of major NFT projects has
expanded 1,785%, according to Forbes.com.
Management believes the cryptocurrency
marketplace is set to become the port of entry for all internet
media over time. Tokenization makes the internet ownable, which is
a breakthrough on an enormous financial scale that may form the
basis for one of the most important trends in finance over coming
years. Clubhouse Media is a content-driven enterprise that has
already built a massive global content distribution footprint.
BlockhouseCH will seek to leverage that reach to position Clubhouse
Media as a leader in this trend.
Details including BlockhouseCH location and team
members will be disclosed soon in upcoming Company
communications.
About Clubhouse
Media
We
believe Clubhouse Media represents the future of influencer media
and marketing, with a global network of professionally run content
houses, each of which has its own brand, influencer cohort and
production capabilities. Clubhouse Media offers management,
production and deal-making services to its handpicked influencers,
a management division for individual influencer clients, and an
investment arm for joint ventures and acquisitions for companies in
the social media influencer space. Clubhouse Media’s management
team consists of successful entrepreneurs with financial, legal,
marketing, and digital content creation
expertise.
Please follow us on Twitter: twitter.com/ClubhouseCMGR
FORWARD-LOOKING STATEMENTS:
This release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements also may be included in other
publicly available documents issued by the Company and in oral
statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
management's current expectations or plans for our future operating
and financial performance, based on assumptions currently believed
to be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance.
Examples of forward-looking statements include,
among others, statements relating to future sales, earnings, cash
flows, results of operations, uses of cash and other measures of
financial performance.
Because forward-looking statements relate to the
future, they are subject to inherent risks, uncertainties and other
factors that may cause the Company's actual results and financial
condition to differ materially from those expressed or implied in
the forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited to economic
conditions, changes in the laws or regulations, demand for products
and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward-looking statements.
Any forward-looking information provided in this release should be
considered with these factors in mind. We assume no obligation to
update any forward-looking statements contained in this
report.
Corporate Contact
Simon Yu, MBA
Phone: +1-702-479-3016
Investor Relations
Tiger Marketing & Branding
Agency
info@TigerGMP.com
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