UA Multimedia, Inc. announced the introduction of its shareholder loyalty NFTs that come with raffle entries and scheduled GOGI token airdrops. The non-fungible tokens (NFTs) will be minted on the Binance Smart Chain and Ethereum blockchain. GOGI is UA Multimedia's BNB Chain utility token.

The NFTs will be airdrop to all interested and verified shareholders of record as of June 30, 2022. Non-shareholders can also purchase the NFTs on Gogi Marketplace or OpenSea. Owners of the NFTs will be automatically entered into periodic raffles to win digital or physical prizes as well as receive scheduled airdrop of GOGI tokens.

UA shareholders will receive a to-be-announced pro rata amount of GOGI initially along with the free NFT. The NFTs will be drop on a to-be-announced date in early third quarter. After the drop, the Company will hold raffles on a bi-monthly basis and airdrop GOGI tokens on a quarterly basis.

All NFTs will be burn after 12 months. This NFT drop will be the first of many drops whereby the NFT owners will be participating in raffles for various prizes. The categories of prize could range from practical electronic devices to cryptos, collectibles such as art, rare whiskies or jewelry.

Additional details regarding the specifics of the first NFT collection will be provided in the coming days. The Company further announced that the development of the SocialFi project is progressing well. The portal will allow users to upload short videos as well as for TikTokers to cross promote their contents to earn GOGI and/or Ethereum tokens.

Additional details for the application are forthcoming.