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Vancouver, British Columbia–(Newsfile Corp. – March 10, 2022) – PeakBirch Commerce Inc. (CSE: PKB) (FSE: KYH2)(OTCQB: PKBFD) (“PeakBirch” or the “Company”) is proud to announce that it will create a global NFT (non-fungible token) marketplace to democratize the NFT space and enable digital content creators to buy, to easily sell and create NFT.
PeakBirch plans to create a platform that will allow digital content creators in the fields of art, music and sports to turn their digital content into limited edition NFTs on the blockchain. PeakBirch plans to relaunch the project by leveraging its large user base, proprietary technology and successful experience in marketing online marketplaces to create a community-driven NFT marketplace that will simplify buying and selling. of NFTs. PeakBirch will seek strategic opportunities to create third-party integrations with existing exchanges and wallets to ensure its users have access to a wide range of payment options to facilitate the buying and selling of NFTs.
The PeakBirch platform will feature convenient tools that will enable more people to easily create NFTs by removing existing barriers. PeakBirch plans to create a wide range of educational and marketing tools to enable creators to successfully buy and sell NFTs and to educate new users on the value and usefulness of NFTs. Community boards will play an important role on the platform to allow like-minded people to converse and exchange ideas.
“At PeakBirch, we pride ourselves on our ability to be movers and shakers in the industries we enter. The NFT space is in its infancy and is ripe with opportunities for new entrants to redefine the space. So far, the industry has been dominated by a smaller user base and its limited accessibility to experienced users. We plan to democratize the space and make it easier for new users to enter the industry,” says Marc Mulvaney, CEO of PeakBirch.
According to NFT statistics compiled by blockchain analytics firm Chainalysis Inc., the NFT market reached nearly $41 billion in 2021, approaching conventional art sales. In 2020, sales of conventional art and antiques totaled $50 billion. OpenSea (valued as of January 5, 2022 at $13.7 billion (US)) currently sits at the top of the largest NFT markets in the world and has an NFT price tracker. Estimates suggest that around a quarter of a million people actively trade NFTs on the platform every month.
“Traditionally, NFT marketplaces only allow payments using crypto, which can be a barrier to entry for many people due to a lack of understanding and trust in this new technology. We are exploring actively solutions to offload this task from the user and act as a broker. This will allow us to manage all crypto transactions in the background and for the user all transactions to be made and processed in fiat currency. This offers user the ability to use traditional payment methods,” says Sean Duncombe, COO of PeakBirch.
In addition, the Company wishes to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of a maximum of 10,714,285 units (“Units”) at a price of $0.07 per unit for gross proceeds of up to $750,000. . Each unit will consist of one common share and one common share purchase warrant of the Company. Each warrant will be exercisable for one additional common share of the Company for a period of 12 months at an exercise price of $0.10. Proceeds from the private placement will be used primarily for general working capital and marketing.
About Peakbirch Commerce Inc.
PeakBirch is a data-driven, sales-driven technology organization whose goal is to build a global micro-warehouse network for small businesses. This will allow store owners to provide same-day delivery services to their customers and manage a pool of inventory within PeakBirch’s AI platform and proprietary inventory ledger. We believe in empowering small businesses and fostering a strong community of entrepreneurs to compete in a changing marketplace. Our innovative technologies will facilitate competition and engage customers who want to switch to made-in-the-USA products and services.
For more information on Peakbirch, please visit: www.peakbirch.com
Contact: Marc Mulvaney, CEO and Director of Peakbirch Commerce Inc.
Email: [email protected]
Phone: (725) 218-3097
Caution Regarding Forward-Looking Information and Statements
This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements contained herein, other than statements of historical fact, should be considered forward-looking. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include the cost of goods for sale under the Company’s drop-shipping model, changes in government regulations or their enforcement, the ability to the company to expand its operations in the United States or expansion into international markets, the continued availability of capital and financing, and general economic, market or business conditions. There can be no assurance that such statements will prove to be accurate and, therefore, readers are urged to rely on their own assessment of such uncertainties. We undertake no obligation to update forward-looking statements, except as required by applicable law. This press release contains forward-looking statements. Use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and the like similar expressions is intended to identify -looking statements. Although the Company believes that the expectations and assumptions on which forward-looking statements are based are reasonable, undue reliance should not be placed on forward-looking statements as the Company cannot guarantee that they will prove to be accurate. Because forward-looking statements address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and various risk factors discussed in the Company’s registration statement under the Company’s profile at www.sedar.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116329