WASHINGTON DC -- March 24, 2023 -- InvestorsHub NewsWire -- Hollywall Entertainment Inc. (OTC: HWAL),, a multi-faceted developer, telecommunications, technology, media, sports and entertainment and broadcasting company, announces the successful completion of its Public Company Accounting Oversight Board United States (PCAOB) audited financial statements for fiscal years ending in December 31, 2021 and 2020. Furthermore, Hollywall has recently made its application to qualify for an uplisting to the OTC Markets Group’s OTCQB Venture Market in the United States.
Previously, in June 2022, the company announced the completion of the (PCAOB) audited financial statements for fiscal year(s) ending in December 31, 2019 and December 31, 2020.
Earlier this week, HWAL announced it had formed a new technology division and intends to invest in and acquire operating companies in the AI, Data Center, Blockchain, NFT, Crypto, and Fintech Industries.
Through the new technology division, HWAL intends to complete the development of several proprietary networks that will incorporate Blockchain, AI, Non Fungible Technology (NFT), cryptocurrencies, and tokenomics into the development of the digital networks and marketplace platforms.
The global AI market size is projected to grow from USD 387.45 billion in 2022 to USD 1394.30 billion in 2029 at a CAGR of 20.1% in the forecast period. Growing investment in AI technology by enterprises of all sizes across industries to garner momentum in the next several years. Fortune Business Insights™ published this information in its recent report, titled “Artificial Intelligence Market Forecast, 2022-2029.” As per the report, the global market size was USD 328.34 billion in 2021.
The Data Center Market report states. “The data center market size is estimated to grow by USD 615.96 billion from 2021 to 2026, growing at a CAGR of 21.98% as per the latest market report by Technavio. 35% of the market's growth will originate from North America during the forecast period. The US is the key market for data centers in North America. Market growth in this region will be faster than the growth of the market in Europe and the MEA. The significant increase in the adoption of cloud services by enterprises across industries in countries such as the US and Canada will facilitate the data center market growth in North America over the forecast period.
The global non-fungible token market size is expected to reach USD 211.72 billion by 2030, growing at a CAGR of 34.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for digital art worldwide is one of the major factors driving the NFT (non-fungible token) market growth. Digital art is defined as the art that is displayed or created using digital technologies.
The growing use of cryptocurrency globally is also anticipated to drive the growth of the market. This is because cryptocurrency is used by people to purchase digital assets. According to CoinMarketCap, as of February 2022, the total global capitalization of cryptocurrency is USD 1.76 trillion, making it equivalent to the world’s 8th largest economy.
Fintech is rapidly reaching new heights as consumers continue to switch over from traditional in-person banking and embrace new solutions such as e-wallets, mobile banking, and cryptocurrency. In fact, in just one year, the fintech market grew from an estimated $105.41 billion in 2021 to $131.95 billion in 2022, as stated by Market Data Forecast. By 2026, this fintech industry is projected to grow to $324 billion at a compound annual growth rate (CAGR) of 25.18%.
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