- Each NFT represents a unique opportunity for the artist as well as each company involved to monetize and seek other opportunities with brand sponsors and retail brands
- Santo Blockchain Labs is bringing over 100,000 lines of unique code to Fan Pass for the NFT technology
- “Fanpasscrypto” marketplace to be created, will feature unique NFTs
- NFTs will pair nicely with the Pro Services already available for artists on the Fan Pass platform
- Since 2018, consumers have spent an estimated $237 million on NFTs, the majority of it in January 2021
A signed Letter of Intent (“LOI”) has been initiated between Friendable (OTC: FDBL) and Santo Blockchain Labs and Santo Mining Corp. (OTC: SANP) to develop global entertainment and musical artist-driven non-fungible tokens (“NFTs”). NFTs are a unit of data stored on a digital ledger (blockchain) and certify that a digital asset is unique and not interchangeable. NFTs represent items such as photos, videos, audio, and other types of digital-based files (https://ibn.fm/sbIrG).
Each of the NFTs will represent a unique opportunity for new revenue streams for the artists and the two companies collectively. The agreement also provides the creation of “Fanpasscrypto,” a marketplace expected to add an exciting new element to the company’s current artist offering and marketing mix. The marketplace will feature unique…
NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL
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