Addentax Group Corp. Launches A Metaverse Project With NFTCN-Bigverse, Bridging Blockchain, Internet Content, And Society Through NFT Art Innovation
Portfolio Pulse from Happy Mohamed
Addentax Group Corp. (NASDAQ:ATXG) has announced a partnership with Hangzhou Yuanyuzhou Technology Co., Ltd (NFTCN-Bigverse) to launch a Metaverse project. The project aims to establish an expansive NFT ecosystem, merging blockchain technology, internet content, and society. The company's CEO mentioned the entry of major internet corporations like Meta Platforms, Inc. (NASDAQ:META) and Roblox Corporation (NASDAQ:RBLX) into the rapidly growing sector as a motivation for their venture.
July 25, 2023 | 1:18 pm
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NEUTRAL IMPACT
Addentax Group Corp.'s CEO mentioned the entry of Meta Platforms, Inc. into the Metaverse sector as a motivation for their new venture.
While Meta Platforms, Inc. was mentioned as a motivation for Addentax's new venture, the news does not directly impact Meta's operations or financials.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Addentax Group Corp.'s CEO mentioned the entry of Roblox Corporation into the Metaverse sector as a motivation for their new venture.
While Roblox Corporation was mentioned as a motivation for Addentax's new venture, the news does not directly impact Roblox's operations or financials.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Addentax Group Corp. is launching a Metaverse project in partnership with NFTCN-Bigverse, aiming to establish an expansive NFT ecosystem.
The launch of a Metaverse project could potentially open up new revenue streams for Addentax Group Corp., thus potentially boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100