ROSLYN, N.Y., March 18, 2021 /PRNewswire/ -- Sino-Global
Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global," the "Company"
or "We") today announced it will launch a new exchange for NFTs
(non-fungible tokens) in collaboration with e-commerce public chain
CyberMiles. The new NFT exchange will serve as a
highly-secure, robust platform for collectors, artists, musicians
and investors to create, sell and buy one of a kind, digital
content represented as NFTs. The companies expect to
officially launch their new NFT platform in July 2021, providing a critical link between the
virtual blockchain world and the physical world.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, commented,
"NFT is driving the next wave of cryptocurrency adoption, making it
a natural extension of Sino-Global's ongoing diversification and
recent investments in the rapidly growing cryptocurrency
market. NFT has become one of the most important basic
application technologies in the process of social information
digitization by enabling the monetization of digital products.
We believe NFT and the blockchain that provides the basic
technology for it will have a profound and irreversible impact on
the transformation from the form of artwork circulation and the
transformation of value concepts to the social identity,
collaboration and distribution system."
Mr. Cao continued, "We will continue to strategically invest in
growth opportunities that will drive our success over the coming
years, as markets, commerce and currencies evolve to meet consumer
demands, while working to further accelerate our growth through
cooperations with proven partners, like CyberMiles."
NFT is a global asset system fundamentally built on blockchain
technology, ensuring ownership of digital products, scarcity and
creative value. The first version of the protocol ERC721 dates back
to September 2017 and it became the
first used in blockchain game scenarios. The Sino-Global/CyberMiles
NFT platform will be based on the CyberMiles team's years of
technical experience and the powerful, high-performance CyberMiles
public chain. The new NFT platform is designed to become a
continuous optimization iteration, along with the development of
NFT and blockchain, into a symbiotic self-driving growth
relationship.
About CyberMiles
CyberMiles is a high-performance innovative public blockchain
system. As a member of the blockchain that actively participates in
the distributed economy and technological ecology, it was the first
to propose a high-performance commercial solution for the Ethereum
public chain DPOS consensus. This solution has been used for
reference by blockchains initiated by Binance and Huobi. As early
as 2018, it began to promote and support NFT casting, circulation,
and more. CyberMiles is also the first public blockchain to
be used in the NFT-ization and auction of artists' works.
About Sino-Global Shipping America, Ltd. (NASDAQ:
SINO)
Founded in the United States in
2001, Sino-Global Shipping America, Ltd. has been diversifying into
the fast growing cryptocurrency and NFT (non-fungible tokens)
markets, while continuing to support and grow its core shipping,
chartering, logistics and related services business. Headquartered
in New York, Sino-Global has
offices in Los Angeles, Mainland
China, Australia, Canada and Hong
Kong. Additional information about Sino-Global can be found
on the Company's corporate website at www.sino-global.net.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include SINO's
estimated and future results of operations, business strategies,
competitive position, industry environment and potential growth
opportunities. In addition, there is uncertainty about the spread
of the COVID-19 virus and the impact it will have on SINO's
operations, the demand for SINO's products and services, global
supply chains and economic activity in general. Moreover, the value
of cryptocurrencies may fluctuate significantly over time. These
forward-looking statements reflect the current analysis of existing
information and are subject to various risks and uncertainties. As
a result, caution must be exercised in relying on forward-looking
statements. Due to known and unknown risks, our actual results may
differ materially from our expectations or projections. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Additional information concerning these and other factors that
may impact our expectations and projections will be found in our
periodic filings with the SEC, including our Annual Report on Form
10-K for the fiscal year ended June 30,
2020. SINO's SEC filings are available publicly on the SEC's
website at www.sec.gov. SINO disclaims any obligation to update the
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Sino-Global Shipping America, Ltd.