Medigus Ltd. (NASDAQ: MDGS) is down 9% in a month. The company has announced that Eventer Technologies Ltd, its affiliate, has entered a memorandum of understanding with NFT tech firm Safee Cyber Technologies.
Market Action:
On Friday, MDGS stock lost 4.64% at $1.4400 with more than 228.12K shares, compared to its average volume of 607.97K shares. The stock has moved within a range of $1.4400 – 1.5399 after opening the trade at $1.4800.
Major Trigger
Eventer is an intelligent ticketing platform that enables venues and producers to create virtual events and conferences. The Medigus affiliate develops advanced tech solutions for creating, marketing, and managing events, including virtual meetings and events. The collaboration will offer Eventer customers, including artists and content creators, the ability to create and sell non-fungible tokens associated with content, digital assets, and digital events on the Safee platform.
According to the MOU, customers will be able to distribute digital assets on a recurring revenue basis with the companies working on a revenue share model pegged on Safee’s commission for NFT sales. It is vital to note that Safee’s social network enables collectors and creators to easily create, engage, own, trade, and control digital assets. In addition, safe seeks to expand its NFT reach to creators, illustrators, digital artists, musicians, and other content creators. So in the coming months, MDGS is worth keeping an eye on.
