AB International Group (OTCMKTS:ABQQ) Stock Soars After Entering into an NFT MMM License Agreement

Intellectual property (IP) and movie investment and licensing firm AB International Group Corp., has announced on September 19, 2022, about signing an NFT MMM License Agreement with Me Metaverse, Inc. The latter is a corporation based in Delaware that has several metaverse projects in NYC.

Trading Data

On Monday, ABQQ stock moved up 16.13% to $0.0036 with more than 3.50 million shares, compared to its average volume of 9.25 million shares. The stock moved within a range of $0.0030 – 0.0038 after opening trade at $0.0030.

AB INTL GROUP Announces It Entered an NFT MMM License Agreement with Me Metaverse, Inc.

Me Metaverse has been issued a worldwide license, by AB International Group, to an NFT movie music marketplace, for an initial period spanning August 20, 2022, to August 19, 2023 (subject to renewal).

The IP of the platform is owned by AB International Group. As per the agreement, Metaverse is obligated to pay AB International Group, a setup fee of $100,000 within 3 days of the date of the agreement. They have to pay a monthly license fee too.

AB INTL GROUP Announces Signs Master License Agreement with Universal Studios

On September 06, 2022, AB International Group announced a Master License Agreement with Universal Studios’ company Universal Film. It is regarding the theatrical exhibition of Universal motion pictures and/or such other audiovisual content as Universal may elect to distribute, by AB Cinemas NY, Inc. an AB International Group company. Content could be distributed by film print, digital cinema package, DVD, wireless, or another method now known or hereafter created.

Technical Data

ABQQ stock is trading below the 20-Day and 50-Day Moving averages of $0.0041 and $0.0051 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0121. The company has a total market capitalization of $1.30 million.