New York, New York, July 9, 2021 – Image Protect Inc. (OTC Pink: IMTL) (https://imageprotect.com/) (“Image Protect”, “IMTL”, or the “Company”), an emerging Media Company, is pleased to announce the official launch of Its Celebrity NFT site https://legendnfts.io as the market continues to boom with NFT offerings from some of the biggest brands in the world.
The site was developed under IMTL’s stock photo site Fotofy in Beta phase and is now a fully operational Marketplace as LegendNFTs with unique high-value celebrity-based offerings, including its recently announced Idris Erba collection.
An NFT is a crypto asset, representing an intangible digital item such as an image, video, or in-game item. Owners of NFTs are recorded on blockchain, allowing an NFT to be traded as a stand-in for the digital asset it represents.
The NFT market has surged to new highs in the second quarter, with $2.5 billion in sales so far this year, up from just $13.7 million in the first half of 2020, marketplace data shows. Sales volumes have remained high after NFTs exploded in popularity early this year. Monthly sales volumes on OpenSea (https://opensea.io), a major NFT marketplace which is also hosting select NFTs from IMTL’s Legends endeavour and reached a record high in June.
IMTL’s LegendNFTs.io launches alongside top industry endeavours including Fox Network staking its new NFT business unit, Blockchain Creative Labs, with a $100 million creative fund; and Dapper Labs, the company behind NBA Top Shot, raising $305 million with a valuation of $2.6 billion, and several high-profile investors led by Michael Jordan and Kevin Durant. As well, Major League Baseball and Fanatics-owned Candy Digital release of an NFT honouring the Los Angeles Dodgers’ 2020 World Series championship, for example.
IMTL is currently in discussions with several ideal NFT partnership opportunities which will have IMTL earning a royalty from primary sales of assets on the LegendNFTs Marketplace and has already finalised deals with rapper Jim Jones and Toronto based celebrity photographer Gabriel Di Sante to name a few.
Image Protect retained Green Light Digital, https://greenlight.digital/ on behalf of LegendsNFTs.io as its vendor of choice to build the infrastructure and the Blockchain, along with the Website and operating the actual NFT auction integrated with Open Sea Platform.
Dennis Lewis, an industry leading Blockchain expert, and president of Green Light Digital stated, “This is a burgeoning marketplace, and we are extremely excited about the launch and the continuing onboarding of new, unique, high-value celebrity assets.”
CEO Larry Adams adds, “Dennis brings years of experience in the Crypto Market place and will be leading our Crypto Marketing strategy. I am proud to present the following as part of our launch: https://legendnfts.io/idris-erba/ https://legendnfts.io/gabriel-di-sante/ https://legendnfts.io/robert-garcia/ ,” states Adams.
He continues, “All of our collections will offer one-of-a-kind swag bags bulging with eye-popping incentives for the winners of each auction including, for instance, a ringside seat to a major fight at a large venue, a personal appearance at a Fashion Photo shoot in NYC at the esteem ‘Fashion Week” a Celebrity fashion shoot, and a wild night of partying in a Beverly Hills party house Mansion of the stars, and a pair of boxing gloves signed by Floyd Mayweather himself, with a training session from a top trainer like no other session you have ever had,” exclaims Adams. “This is just the beginning of what our seasoned team agrees will be a thriving contender in the NFT space as the market continues to expand and evolve.”
“This is all part of the reconstruction of the Company and much thought and effort has gone into the Platform. We feel it will interact with our OTT and Microcap media services divisions in development toward our becoming an industry leading media company serving niche markets in a highly impactful manner.”
About Image Protect
Image Protect is a media company with a focus on microcap news, information, and disclosure, as well as crypto, blockchain, and digital assets. The Company recently signed to acquire OTC PR Wire, LLC, a revenue stage service provider and news platform catering to microcap and small cap companies on a global scale. Its unique digital asset library and proprietary technology via subsidiary Fotofy. are conducive to the foundation of an impactful NFT marketplace.
Safe Harbor Provision
Cautionary statement for purposes of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialise or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.