HONG KONG, July 23, 2021
/PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company")
(NASDAQ: LGHL), today announced its subsidiary Lion NFT Limited
("Lion NFT") will launch its own non-fungible token ("NFT") market
platform, known as Meta World
(https://lionnft.io), available online this month.
Lion NFT is registered in the British
Virgin Islands, primarily focused on investment and
innovation in digital assets. Its parent company holds an MSB
license through the U.S. Treasury Department's Financial Crime
Enforcement Agency (FinCEN) and an encrypted commodity operating
license through the Dubai Multi Commodity Center (DMCC). With these
resources, Lion NFT can provide services such as digital asset
exchange, NFT innovation, issuance and trading on a global scale
under supervision.
Meta World aims to become the
world's top one-stop, cross-chain, high-expansion NFT marketplace,
allowing users to connect and trade with digital currency and a
digital wallet linked to its platform, accessible upon login. From
exploration and creation to pricing, buying and selling, the new
platform establishes a comprehensive industry chain that uses
blockchain to encrypt artworks such as photographs, videos, audios
and 3D pieces, as well as other relevant information to generate
NFTs. Meta World will promote the
value circulation of global resources and build the foundation for
an efficient digital world. NFTs make digital works of art that
were originally illiquid available to the public as valuable and
investable digital collections. Through the launch and
implementation of additional NFT applications, Meta World will become a key cornerstone for
digital transformation in various industries.
"As the global encryption economy develops rapidly, Lion
is pleased to capture this trend by establishing Meta World. With this milestone, we hope to
accelerate our deployment in related fields such as digital
economy, NFTs and metaverse, relying on our existing multi-faceted
resources," said Mr. Wang Chunning
(Wilson), Chief Executive Officer of Lion. "We observed the rapid
growth of the NFT field and expansion beyond the initial games and
artworks to music, sports, film and television, ticketing, digital
identity and other areas. The NFT industry has expanded and
extended beyond its original scope, permeating multiple areas of
life and bringing aspects of the real world into the digital world.
Lion will leverage its advantages to gather the world's top artists
and sports stars, as well as a variety of innovative products, and
will cooperate with the world's top-tier museums, art galleries,
auction houses and other related spaces to accelerate our footprint
into this industry. Based on the maturity of blockchain and other
technological applications, as well as the prominent value of
encrypted digital assets, we believe the market prospects of the
NFT field will be unlimited. Lion's deployment into the NFT
industry ecology lays a solid foundation for our next steps to
enter the metaverse field."
About Lion
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in one,
state-of-the-art trading platform that offers a wide spectrum of
products and services, including (i) total return swap (TRS)
trading, (ii) contract-for-difference (CFD) trading, (iii)
insurance brokerage, and (iv) futures and securities brokerage.
Additionally, Lion has developed a professional, experienced SPAC
sponsorship team to help guide private companies through
their listing journey while creating value for Lion and its
shareholders. Lion is also committed to building the world's
leading one-stop, cross-chain, high-expansion non-fungible token
(NFT) marketplace and entering the metaverse space through
blockchain technology. Additional information about the company may
be found at http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Lion's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "might" and "continues," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Lion's expectations with respect to future performance
and anticipated financial impacts of the Business combination, the
satisfaction of the closing conditions to the business combination
and the timing of the completion of the business combination. These
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from expected results. Most of these factors are outside the
control of Lion and are difficult to predict. Factors that may
cause such differences include, but are not limited to: (1) the
inability to maintain the listing of the post-acquisition company's
ADSs on NASDAQ following the business combination; (2) the risk
that the business combination disrupts current plans and operations
as a result of the announcement and consummation of the
transactions described herein; (3) the inability to recognize the
anticipated benefits of the business combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth profitably and retain
its key employees; (4) costs related to the business combination;
(5) changes in applicable laws or regulations; (6) the possibility
that Lion may be adversely affected by other economic, business,
and/or competitive factors; and (7) other risks and uncertainties
to be identified in the proxy statement/prospectus relating to the
business combination, including those under "Risk Factors" therein,
and in other filings with the Securities and Exchange Commission
("SEC") made by Lion. Lion cautions that the foregoing list of
factors is not exclusive. Lion cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Lion does not undertake or accept any obligation
or undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based, subject to applicable
law.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William
Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.