Shares of Bubblr Inc. (OTCMKTS:BBLR) have been moving in a narrow range after the recent fall.
Trading Data
On Monday, BBLR stock fell 1.16% to $1.70 with 52k shares, compared to its average volume of 60k shares. The stock has moved within a range of $1.6400 – 1.7900 after opening trade at $1.75.
Bubblr Inc. Signs License Agreement with UFF (Largest Global Fan Network Globally)
Technology company Bubblr Inc. (OTCMKTS:BBLR) announced the signing of their first license deal with UFF (Ultimate Football Fan), on December 6, 2021. Bubblr specializes in developing Web 3 Open Source tools to advance the creation of a more equitable internet.
UFF is a famous influencer worldwide, and one of the key players in the content creation business. They garner over 50 million views every month, and work diligently to provide a voice to football fans everywhere. As of now, the team is raising funds to create a form a new entity GFN (Global Fan Network) with their biggest client AFTV (Arsenal Football TV) – it will be the most extensive global fan network on the planet.
After signing the license agreement with Bubblr, the new entity wishes to expand its footprint, by venturing towards other verticals within the sport, gaming, and entertainment sectors. UFF purposely doesn’t use AdTech as a revenue stream when it comes to content distribution via their PWA mobile apps.
Bublr’s Chief Commercial Officer, Steven Saunders comments that the Bubblr license will help to build an alternative revenue model to allow fans to continue experiencing UFF apps without being interrupted by ads. UFF’s CEO Brett Best looks forward to monetizing their apps via the Bubblr Open Source Platform to provide a new revenue stream while protecting user identity and data privacy.
Technical Data
BBLR stock is trading in the neutral zone as RSI stands at 43. BBLR stock is trading below the 20-Day and 40-Day Moving averages of $1.82 and $1.86 respectively. The stock is down 3% in the past week.
