Vancouver, British Columbia--(Newsfile Corp. - November 25, 2022) - OOOOO Entertainment Commerce Limited (TSXV: OOOO) (OTCQB: OOOOF) ("OOOOO"), is pleased to announce that Shiller, Inc. ("Shiller"), a live video commerce platform for digital assets powered by OOOOO's technology, has signed a referral agreement with Rarible, a leading community-centric aggregated NFT marketplace.
This referral agreement will allow content creators on the Shiller platform to act as intermediaries during live broadcasts, promoting NFTs that can be purchased from the Rarible marketplace by anyone watching content on Shiller's app or website.
Rarible will share commission with Shiller from each successful referral where one or more NFTs has been purchased within 7 days of such referral.
Shiller is the first company to achieve affiliate status on Rarible's referral program.
OOOOO's wholly-owned subsidiary and Shiller are party to a previously announced license agreement with respect to OOOOO's technology, pursuant to which OOOOO indirectly acquired 20% of the outstanding share capital of Shiller on a fully diluted basis.
About OOOOO
Founded by Sam Jones and Eric Zhang, OOOOO operates a technology platform that enables retailers, brands and entrepreneurs to share product-based content directly to consumers through live, interactive, shoppable videos.
About Rarible
Rarible is a leading community-centric, aggregated marketplace for NFTs. Launched in 2019 by Alexei Falin and Alex Salnikov, Rarible offers a platform to artists and collectors looking to create, collect, and trade digital collectibles from multiple chains. Since its inception, Rarible has grown rapidly and become one of the most well-known and highly ranked NFT projects in the market, backed by Venrock and CoinFund.
For further information please visit www.ooooo.com and contact:
OOOOO Entertainment Commerce Limited
Samuel Jones
Chief Executive Officer / Co-Founder
sam@ooooo.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Source: OOOOO
Forward Looking Information
Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that OOOOO expects or anticipates may occur in the future. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the current expectations and beliefs of OOOOO's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of OOOOO or the industry may be materially different from those implied by such forward-looking statements. Examples of such forward-looking information that may be contained in this news release include statements regarding: growth and future prospects of our or Shiller's business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; and expectations regarding the operation of our technology platform. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers, the success of the business of our partners and the general market adoption of our technology. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, without limitation: those relating to potential disruptions to product delivery; failure to meet regulatory requirements; potential downturns in economic conditions; availability of financing (as necessary); and other risk factors described in our Filing Statement which is available on SEDAR at www.sedar.com. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and OOOOO undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/145705
