VERB’s MARKET Platform Now Supports Secure Sales of NFTs Built on Blockchain Technology Through Livestream Shopping Events
April 20 2022 - 10:18AM
Verb Technology Company,
Inc. (Nasdaq: VERB) ("VERB" or the
"Company"), the leader in interactive video-based sales
enablement applications, including shoppable livestream video,
today announced that MARKET, VERB’s livestream shopping platform,
now enables creators of NFTs built on blockchain technology to sell
through livestream shopping events.
NFTs are digital assets that cryptographically
assign and prove ownership of unique physical or digital items,
such as works of art, real estate, music, or videos. NFTs have
undergone an explosive growth in popularity recently, with many
brands, creators, celebrities, and influencers creating their own
NFTs. For example, an NFT of a 20-second video clip of LeBron James
"Cosmic Dunk #29" was sold for $208,000. Former Twitter CEO Jack
Dorsey auctioned an NFT of his first tweet for $2.9 million.
“MARKET is a true 21st century marketplace,
purpose-built for the next generation of ecommerce,” states Rory J.
Cutaia, VERB CEO. “Empowering the creator economy to leverage
livestream selling for NFTs built on blockchain technology is the
latest example of how we intend to deliver on that commitment. You
can expect more announcements about the next-generation
capabilities of our MARKET livestream shopping platform in the
coming weeks and months.”
MARKET is a 24/7, multi-vendor, livestream
shopping platform designed to host simultaneous livestream shopping
sessions by consumer brands, big-box stores, boutiques,
celebrities, content creators, and influencers selling products and
services across numerous categories.
About VERB
Verb Technology Company, Inc. (Nasdaq: VERB),
the market leader in interactive video-based sales applications,
transforms how businesses attract and engage customers. The
Company’s Software-as-a-Service, or SaaS, platform is based on its
proprietary interactive video technology, and is comprised of a
suite of sales enablement business software products offered on a
subscription basis. Its software applications are used by hundreds
of thousands of people in over 100 countries and in more than 48
languages. VERB’s clients include large sales-based enterprises as
well as small business sales teams, including the sales and
marketing departments of professional sports teams. Of note is its
forthcoming MARKET, a multi-vendor, multi-presenter, livestream
social shopping platform at the forefront of the convergence of
ecommerce and entertainment. With approximately 170 employees, the
Company is headquartered in American Fork, Utah, and also maintains
offices in Newport Beach, California.
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www.verb.tech.
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FORWARD-LOOKING STATEMENTS
This communication contains “forward-looking
statements” as that term is defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
risks and uncertainties and include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain words such as
“anticipate,” “expect,” “project,” “plan,” or words or phrases with
similar meaning. Forward-looking statements contained in this press
release relate to, among other things, the Company's projected
financial performance and operating results, including SaaS
Recurring Revenue, as well as statements regarding the Company's
progress towards achieving its strategic objectives, including the
successful integration and future performance of acquisitions.
Forward-looking statements are based on current expectations,
forecasts and assumptions that involve risks and uncertainties,
including, but not limited to the COVID-19 pandemic and related
public health measures on our business, customers, markets and the
worldwide economy; our plans to attract new customers, retain
existing customers and increase our annual revenue; the development
and delivery of new products, including verbLIVE; our plans and
expectations regarding software-as-a-service offerings; our ability
to execute on, integrate, and realize the benefits of any
acquisitions; fluctuations in our quarterly results of operations
and other operating measures; increasing competition; general
economic, market and business conditions. If any of these risks or
uncertainties materialize, or if any of our assumptions prove
incorrect, our actual results could differ materially from the
results expressed or implied by these forward-looking statements.
Investors are referred to our filings with the Securities and
Exchange Commission, including our Annual Reports on Form 10-K,
10-KA, and Quarterly Reports on Form 10-Q, for additional
information regarding the risks and uncertainties that may cause
actual results to differ materially from those expressed in any
forward-looking statement. All forward-looking statements in this
press release are based on information available to us as of the
date hereof, and we do not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by law.
Investor Relations: 888.504.9929
investors@verb.tech
Media Contact: 855.250.2300, ext.107
info@verb.tech
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