Manchester, UK, July 20, 2022 (GLOBE NEWSWIRE)-NFT Plaza, a leading NFT news and media website, today announced that it will expand its media division through the first-ever strategic acquisition of monthly printed matter and on-chain NFTs. Did. Magazine, MagNFT.
This magazine was purchased at a private rate from MagMaster, an NFT veteran and a highly respected member of the first NFT community circle. NFT Plaza currently owns all content that MagNFT has created over the past few years, as well as social media channels and websites.
MagNFT was founded in 2019, the first magazine was published in December 2019 and was created in Codex. Since then, the company has published 24 issues worldwide, featuring over 300 artists and content creators. In the first two years, MagNFT has featured many well-known names in today’s NFT art market, including Xcopy, Coldie, Pransky, Trevor Jones, Jose Delbo, Beeple, and Alotta Money.
We see the recent downturn in cryptocurrencies and NFT markets as an opportunity. With our long-term strategy and careful planning, we can take the chance to expand the brand of NFT Plaza. We are pleased to have successfully completed the acquisition of MagNFT. We also make big plans based on MagNFT’s reputation and all the achievements we have made so far. -Chris Thomas, Founder and CEO of NFT Plaza.
As OpenSea CEO Devin Finzer recently announced, while many companies have announced shrinking operations, NFT Plaza is growing steadily and the acquisition is one step further. With that growth strategy.
The media company also launched the world’s first automated Metaverse advertising system earlier this year. It’s the first solution for advertising in the Metaverse, helping to introduce thousands of new businesses to NFTs and blockchains through a simple and efficient user interface.
About MagNFT: MagNFT is a monthly print magazine launched in 2019. This was the first on-chain magazine to use the Codex protocol. Over the years, the company has built a large network of high-profile collectors featuring the industry’s top creators.
Many new partnerships have evolved over time as the territory of NFTs has evolved and the potential to integrate NFTs into virtual worlds. MagNFT also partnered with Metaverse-Billboard in early 2020 to give projects and artists the opportunity to rent over 200 billboards in voxels for visibility and marketing needs.
About NFT Plaza: Founded in 2018 and formerly known as DCL Plaza, NFT Plaza is the number one news site dedicated to the growth of NFTs and metaverse spaces. Our mission is to disseminate information about these exciting new experiences and the associated benefits of technology. NFT Plaza covers games, CryptoArt, collectibles, metaverses and industry news from around the world.
For more information on NFT Plaza, please visit the following website.