Marvion Partners with OKEx NFT Marketplace to sell the World’s First Hybrid-NFTs on 5 Oct 2021

SINGAPORE, Sept. 27, 2021 /PRNewswire/ — Bonanza Goldfields Corp. (OTC:BONZ) plans to acquireMarvion and is pleased to announce that the group will be launching the world’s first hybrid-NFTs (h-NFTs) on the OKEx NFT marketplace on 5 October 2021.

Being Asia’s 1st NFT film, “Lockdown” is an international thriller that features a global castincluding Xander Berkeley (The Walking Dead) and Hong Kong actress Anita Chui (OCTB).

The film is slated to release in the UK on 23 November 2021 and the UK Premiere screeninghas been scheduled to be on 7 October 2021. In support of the UK launch of the movie,Marvion will be releasing 2 limited-edition film h-NFTs and 5 limited-edition UK premiere h-NFTs on the OKEx NFT marketplace. Marvion has chosen the OKChain to mint these h-NFTsbecause it adopts a Delegated Proof of Stake (DPoS) consensus mechanism being even moreenergy efficient than PoS, which is already drastically more efficient than the Proof of Workconsensus mechanism.

For the film h-NFT, the buyer will own the movie file as well as the non-exclusive perpetualworldwide non-commercial and non-profit license to privately view the movie in privatepremises and will have a copy of the sale and purchase agreement (SPA) for the license tomint and sell NFTs in respect of the film, all stored on the blockchain. Based on its terms, theh-NFT owner would also be able to resell the h-NFT after viewing. For the UK premiere h-NFTs,each h-NFT will contain a pair of exclusive invites for its holder to attend the gala premierewith the actors as well as industry insiders. The tickets will also give them access to anysubsequent online events and community sessions with the cast. After the event, the art workof the ticket contained in the h-NFT should also be collected as a valuable memory of a rarebeautiful unique experience.

With respect to the upcoming h-NFT launch, Julian So, Advisor to BONZ and Interim CEO ofMarvion said, “We are extremely excited to launch the world’s first hybrid-NFTs on the OKExNFT marketplace, after careful consideration of any environmental cost. This launch isgroundbreaking in the sense that it opens up a completely new and innovative way for filmenthusiasts and movie-goers to be immersed in a holistic movie experience. We hope this canrevolutionise the traditional movie industry and allow the community to not just watch thefilm, but to also be able to own collectibles and movie memorabilia from the film itself by wayof buying the h-NFTs.”

Commenting on the launching of h-NFT on OKEx NFT marketplace, Julian said, “We are happyto be listing our h-NFTs on OKEx as they are one of the largest platforms in the world withdaily trading volume in excess of US$4billion. More importantly, the DPoS consensusmechanism for their chain also has one of the lowest environmental cost, which was also animportant deciding factor for the producer of the film, Mr Bizhan Tong, our good partner.”

To keep up to date on the upcoming Hybrid NFT drops, please visit marvion.media or jointhe Marvion Telegram Community att.me/marvion_media.

About BONZ

Bonanza Goldfields Corporation is a Las Vegas based mining and mineral exploration company,exploring gold and silver properties located in Goldfield, Tonopah and Comstock MiningDistricts of Nevada, and the Chloride Mining District of Arizona.

The group is developing new business initiatives joining the latest blockchain technologies,through market merger and acquisitions to apply NFT into the media industry.

About Marvion

Marvion is a metaverse blockchain technology company, unlocking, enhancing and preservingthe value of media and entertainment intellectual property through blockchain and relatedtechnologies to create Hybrid NFTs. The company’s vision is to offer the ultimate artist andfan engagement, leveraging technology in both digital metaverse and physical experiencerealms. Marvion will be adopting their Hybrid NFT (h-NFT) format across all minted NFTs. Theh-NFTs will undergo full know-your-client (KYC) and verification processes prior to Marvionacquiring the intellectual property. This is to ensure that only authentic and high quality NFTsare available on the platform.

More Information about Marvion:

Website: marvion.media
Facebook: facebook.com/marvionmetaverse
Instagram: instagram.com/marvion.media
Twitter: twitter.com/marvion_media
LinkedIn: linkedin.com/company/marvion
Telegram: t.me/marvion_media

About Hybrid NFT (h-NFT)

A h-NFT is an integrated, best in class, smart contract that can execute the transaction andalso contains the specific legal terms of the intellectual property ownership, license and/orrights. Each Hybrid NFT (h-NFT) contains the following:

  • A copy of the SPA for the purchase of the master license.
  • Evidence or warranty of ownership of the relevant intellectual property.
  • Ownership of the sub-license detailing the rights of the h-NFT holder.
  • Image/video/music or other file depending on what the asset is.

For media queries, please contact:

Parkson Yip
Marketing and PR Team
[email protected]

SOURCE Bonanza Goldfields Corp.

Related Links

www.bonanzagoldfield.com/