UA Multimedia, Inc. announced the launching of its beta NFT marketplace further expanding its presence in the multi-billion-dollar NFT market. The global NFT market has grown to $25 billion in 2021 and projected to reach $80 billion by 2025. Many companies have experienced fast growth in this space including the larger NFT marketplace, OpenSea, who saw its valuation rise to $13.3 billion based on its recent $300 million funding round.

One of the compelling reasons for the Company's to build its platform for the Binance chain is its speed and low transaction cost. The low cost should encourage more users to adopt the concept of digital assets and collectibles thus pushing it further into the mainstream. Providing speeds four times that of Ethereum, BNB chain is more suitable for high volume transactions such as games as well.

Gogi Marketplace will gradually expand to accept listings in a wide range of categories such as art, music, watches, rare spirits, luxury goods, and even cars or real estate. Sellers can opt to sell either digital files or a combination of digital and physical itbems as an NFT. The Company plans to expand the marketplace to support multi-chain transactions such as Ethereum and Solana in the future.

This will allow users to transfer assets between chains thus allowing them to be accessible to various markets. Adding to the crypto exchange GogiSwap, Gogi Marketplace is the second component in the Gogi ecosystem. The third component will involve solutions in the metaverse.

The Company plans to create NFTs for the virtual world as well as building its presence in the metaverse such as Sandbox, Decentraland and soon to be available Bored Ape Yacht Club.