WENZHOU, China, Aug. 26, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN",
"ZK International" or the "Company") has formed a wholly owned
subsidiary, xSigma Collectibles Limited ("xSigma"), and entered
into a partnership agreement with Maxim (https://www.maxim.com) to
launch MaximNFT.com, the exclusive NFT (Non-Fungible Token)
Marketplace of the iconic men's lifestyle brand. Under the terms of
the agreement, xSigma's world-class developers and NFT designers
will operate the NFT platform, which will be endorsed and promoted
by Maxim.com across its digital, social and publishing assets.
Additionally, MaximNFT will be the exclusive seller of Maxim.com's
own NFTs.
MaximNFT seeks to provide the best customer experience and
innovative NFT solutions. It will allow customers to create and
sell NFTs on various blockchains, including, but not limited to,
Ethereum, Binance Smart Chain, and Polkadot. Some of the
collectibles will come with unique real-world experiences for
buyers. Furthermore, the MaximNFT Marketplace will offer an
innovative "NFT tokenization" feature that will allow customers to
trade fractions of any NFTs in the market. MaximNFT will be
available at www.maximnft.com.
Maxim is a lifestyle brand that has earned its position over its
25-year history. Maxim.com and its social platforms engage
with more than 10 million men monthly. xSigma believes the
Maxim.com team will add significant value to the new NFT
Marketplace, opening the door to models, athletes, artists,
musicians and others driving the culture who are looking to connect
with the Maxim audience thru collectible NFTs.
MaximNFT plans to focus on sports and celebrities' collectibles,
as well as gaming content. The Company is betting on the rise of
gaming and the utilization of NFT technology for in-game purchases
and collectibles. Additionally, MaximNFT will combine its NFTs with
new AR and VR technologies.
The NFT market is moving towards mass adoption. According to the
Dapp Industry Report by Dappradar, NFTs have been responsible for
more than $1.5 billion in transaction
volume in the first quarter of 2021. The number of NFT sales
in the art sector in June 2021
increased by 392% compared to April 2021, according to Statista. Already
in August monthly NFT sales volumes have hit records and have
surpassed $1 billion for the first
time, according to Statista. According to NonFungible.com, the
monthly sales volume reached $896
million in August 2021, which
is a significant 80x growth comparing to January 2021 figures.
MaximNFT.com will go live this fall with a series of NFTs from
celebrities, athletes, and brands, which will be announced
shortly.
About Maxim
Maxim (www.maxim.com) is the leading voice in men's luxury
lifestyle. Maxim is a brand that is both aspirational and
inspirational. Maxim celebrates the most beautiful women in
the world, thrill-seeking adventures in exotic destinations,
world-class entertainment, exotic cars, covering industry titans
and top athletes.
About xSigma Corporation
xSigma Corporation (www.xsigma.com) is a blockchain R&D lab
and a wholly owned subsidiary of ZK International. xSigma's team
includes world-class developers formerly of Google, Facebook,
Ripple Labs, and 1inch. ZK International launched xSigma as a
research and development lab in 2018 to solve real-world
infrastructure challenges. Its mandate was to explore new
opportunities in smart contracts, supply chain management, and
other blockchain-based solutions. xSigma has since pivoted to
decentralized finance, focusing on decentralized exchanges,
stablecoins, and lending protocols. The research lab is now
actively working on its ecosystem of products including its
NFT platform through its subsidiary xSigma Collectibles Limited.
The ultimate objective is to build a range of leading decentralized
financial tools and innovative products and platforms . The
xSigma team is on the leading edge of blockchain research and
development and the NFT platform is one of many projects xSigma
plans to launch over the next 12 months.
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based
engineering company building and investing in innovative
technologies for the modern world. With a focus on designing and
implementing next-generation solutions through industrial,
environmental and software engineering, ZKIN owns 28 patents,
21 trademarks, 2 Technical Achievement Awards, and 10 National and
Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly-sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee. It has
supplied stainless steel pipelines for over 2,000 projects, which
include the Beijing National Airport, the "Water Cube" and "Bird's
Nest", which were venues for the 2008 Beijing Olympics. ZK
International is preparing to capitalize on the $850 Billion
commitment made by the Chinese Government to improve the quality of
water, which has been stated to be 70% unfit for human contact.
In 2018, ZKIN established its wholly-owned xSigma Corporation to
develop innovative software solutions that support its core
operations while exploring new opportunities in smart contracts,
distributed ledgers, supply chain management and blockchain
architecture. The xSigma Labs team is made up of world-class
developers and engineers formerly of Facebook, Google, Amazon,
Ripple and 1inch, most recently launching its first DeFi project in
the Fall of 2020.
In March of 2021, ZKIN announced the formation of its new
wholly-owned subsidiary, xSigma Entertainment Limited. It was
established as part of ZK's integrated network of companies focused
on developing and investing in innovative software technology
platforms. xSigma Entertainment's mandate is to acquire assets in
the high-growth US gaming market. Sigma Entertainment aims to
increase shareholder value by targeting and investing in early
stage online gambling businesses that are poised for exponential
growth and exits.
For more information please
visit www.ZKInternationalGroup.com. Additionally,
please follow the Company
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. Without limiting the generality of the foregoing, words
such as "may," "will," "expect," "believe," "anticipate," "intend,"
"could," "estimate" or "continue" or the negative or other
variations thereof or comparable terminology are intended to
identify forward-looking statements. In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances are forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict and many of which are
beyond the control of ZK International. Actual results may
differ from those projected in the forward-looking statements due
to risks and uncertainties, as well as other risk factors that are
included in the Company's filings with the U.S. Securities and
Exchange Commission. Although ZK International believes that
the assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the results contemplated
in forward-looking statements will be realized. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by ZK International or
any other person that their objectives or plans will be achieved.
ZK International does not undertake any obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Di Chen
Cell Number: +86 15057357883
Email: super.di@live.cn
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SOURCE ZK International Group Co., Ltd.