VANCOUVER, British Columbia — Pioneer Media Holdings Inc. (“ Pioneer ” or the “ Company ”) purchased CryptoPunk 8869.
– blue bandana
– traditional shades.
“We are eager about Web3” mentioned Mike Edwards, CEO of Pioneer. “The real query is how operate you dive in? We looked for steering from the neighborhood. Acknowledge = Step 1 is purchase a JPEG!”
Transaction Important elements
Pioneer got CryptoPunk 8869 for 100.25 ETH (US$ 433,703.58).
The Company offers the following update on what it sees trending on this keep.
Web3 is otherwise steadily known because the possession economy since the token financial objects reward participation and creativity. NFTs particularly enable coordination across the shared possession of art and former; an investment on this keep is extra about joining a neighborhood than investing in a extinct firm and right here’s why Pioneer made up our minds to operate a portion of the most iconic assortment to this point, the CryptoPunk.
NFTs like captured the spirit of the personal markets. Within the previous month, SoRare (private) and Dapper Labs (private) like raised US$680M at a US$4.3B valuation and US$250M at a US$7.6B valuation respectively. To boot, Axie Infinity maker Sky Mavis (private) and Animoca (private) respectively raised US$152M at a US$3B valuation and US$65M at a US$2.2B valuation. Cumulatively that implies +US$1B in original capital at a combined market cap of +US$17B for four NFT privates in beneath a month. NFT sales in Q3 hit US$10.7B up from US$1.3B in Q2 and from US$28M in the the same quarter of 2020
While meme shares like captured the spirit of the final public markets. In 2021 ‘Meme shares’ love GameStop and AMC had been fully modified fueled by retail investor euphoria pushed by Reddit memes. GameStop raised ~US$1.1 billion after surging +1,200% and AMC raised ~US$1.2 billion pushed by the portion label appreciation thru Reddit memes.
CryptoPunks are one of the predominant NFT keep symbols in crypto. A CryptoPunk owner refused a US$9.5 million elaborate for his asset in October, a four year weak CryptoPunk 1422 was appropriate offered for US$2 million, and never too long ago a half of one billion dollar transaction enabled by a flash loan for Punk 9998
8869, a Punk, a NFT, and a meme stock: Pioneer combines the meme stock and NFT element by turning into the predominant publicly tradable firm to embody a CryptoPunk and allow for fractionalized fairness possession of that CryptoPunk. Through fairness possession in Pioneer, merchants will turn out to be fractional house owners of Punk 8869, a public markets first.
The Pioneer Idea
- Pioneer stands out as the predominant supreme listed Web3 investment firm centered on NFT gaming and assets. Building off of its success in cell gaming (LEAF), eSports (GILD/Dynasty/Paidia) and its foundational investment in NFT Investments.
- Pioneer will make investments and operate the highest manufacturers, groups and assets in the keep.
About Pioneer Media Holdings Inc.
Pioneer is the predominant publicly traded issuer that actively invests in a assorted portfolio of early-stage to mid-stage firms in Web3 along with NFTs and NFT gaming, along with investments in esports, and cell gaming. Pioneer’s management team leverages its world network to democratize acquire entry to to investments not usually accessible to the retail investor neighborhood.
The brand new Pioneer portfolio entails investments equivalent to: Leaf Mobile Inc. (TSX: LEAF), a main free-to-play cell games neighborhood; Guild eSports plc (LON: GILD), a world eSports change headquartered in London whose lead investor is David Beckham; Dynasty eSports Pte Ltd, creators of the field’s main white-ticket Gaming Ecosystem Administration resolution, partnering completely on a B2B foundation with Tier 1 telco’s and gargantuan media organisations; NFT Investments plc, a London primarily primarily based investment firm centered on non-fungible tokens (“NFTs”), and Kodoku Studios Ltd., London primarily primarily based team that stands on the forefront of the thrilling new NFT gaming kind Pioneer offers capital, expertise, and strengthen to those rising market leaders while constructing shareholder price. Additional details about Pioneer is available at www.sedar.com .
ON BEHALF OF PIONEER MEDIA HOLDINGS INC.
CEO & Director
Neither the Canadian Securities Alternate nor any Market Regulator (as that term is outlined in the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this initiate.
Forward Having a explore Statements
This recordsdata initiate might per chance perhaps simply have “forward-having a explore” statements and recordsdata concerning to the Company, the funds to be raised, and the expend of this form of funds that are raised, that are in accordance with the beliefs of Company management, as successfully as assumptions made by and recordsdata at label accessible to Company management. There’s no assurance the Company will have the opportunity to total the placement on the terms as outlined above, or the least bit. The Company would not undertake to update forward‐having a explore statements or forward‐having a explore recordsdata, moreover for as required by law.
The guidelines contained within this announcement is deemed by the Company to constitute inner recordsdata as stipulated beneath the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement through a Regulatory Knowledge Service, this inner recordsdata is now regarded as to be in the final public arena.
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