Digital Distro, Inc. (OTCMKTS:UVSS) announced on October 04, 2022, that it has completed a Memorandum of Understanding (MOU) with Infinite Auctions, LLC. The goal is to launch next-generation High-End Sports Memorabilia NFTs.
Trading Data
On Tuesday, UVSS stock soared 25% to $0.0065 with more than 50K shares traded, compared to a volume of 545K shares. The stock moved within a range of $0.0047 – 0.0065 after opening trading at $0.0052.
Digital Distro, Inc. (OTC: UVSS) and Medical Care Tech, Inc./Infinite Auctions, LLC (OTC: MDCE) Announce MOU for Future Launch of Sports Memorabilia NFT Platform
The MOU has taken place after many months of requirements definition, conceptual design, and back-end prototype development to prove the viability of the platform. Both parties are in agreement for proceeding with the project. The signing of the MOU allows for the continuation of the art design, film production, and development of the front-end interface, tokenization, and transaction routing.
The companies will jointly host a dinner, exhibit booth, and present at the Web 3 Expo in Las Vegas, Nevada, from October 10-13, 2022. They will talk about their upcoming plans with some of the leading visionaries, speakers, personalities, and investors in the Web 3 space. Both companies intend to provide separate announcements with additional details about the project as it progresses.
Marshall Perkins, CEO of Infinite Auctions, Inc. said they wish to provide sports memorabilia collectors with dynamic, immersive, one-of-a-kind digital media experiences through NFTs. Digital Distro’s technology comes with advanced utilities, thus offering the flexibility to implement some complex strategies not seen on other platforms, and to tie those digital experiences with real-world experiences to take the overall sports memorabilia experience to a whole new level.
Key Quote
Marshall Perkins, CEO of Infinite Auctions, Inc., states, “Our goal is to provide sports memorabilia collectors with dynamic, immersive, one-of-a-kind digital media experiences through NFT’s. The advanced utilities within Digital Distro’s technology offering provide us the flexibility to implement some complex strategies we have not seen in other platforms, and to tie those digital experiences with real world experiences to bring the overall sports memorabilia experience to a whole new level.” Andrew Lane, CEO of Digital Distro, Inc. states “We’re very excited to be working with Infinite Auctions and Marshall Perkins. Mr. Perkins’ knowledge and experience in the sports memorabilia industry has been instrumental in the design and implementation of digital media experiences within an NFT. We firmly believe that we are jointly creating a sports memorabilia platform that highlights the worth of these on-of-a-kind sports items and provides a one-of-a-kind experience for the collectors of these items.
Technical Data UVSS stock is trading above the 20-Day and 50-Day Moving averages of $0.0059 and $0.0065 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0081.
