12:13 pm ET September 27, 2021 (Dow Jones) Print Marvion Partners with OKEx NFT Marketplace to sell the World's First Hybrid-NFTs on 5 Oct 2021
PR Newswire
SINGAPORE, Sept. 27, 2021
SINGAPORE, Sept. 27, 2021 /PRNewswire/ -- Bonanza Goldfields Corp. (OTC:BONZ) plans to acquire Marvion and is pleased to announce that the group will be launching the world's first hybrid-NFTs (h-NFTs) on the OKEx NFT marketplace on 5 October 2021.
Being Asia's 1st NFT film, "Lockdown" is an international thriller that features a global cast including Xander Berkeley (The Walking Dead) and Hong Kong actress Anita Chui (OCTB).
The film is slated to release in the UK on 23 November 2021 and the UK Premiere screening has been scheduled to be on 7 October 2021. In support of the UK launch of the movie, Marvion will be releasing 2 limited-edition film h-NFTs and 5 limited-edition UK premiere h-NFTs on the OKEx NFT marketplace. Marvion has chosen the OKChain to mint these h-NFTs because it adopts a Delegated Proof of Stake (DPoS) consensus mechanism being even more energy efficient than PoS, which is already drastically more efficient than the Proof of Work consensus mechanism.
For the film h-NFT, the buyer will own the movie file as well as the non-exclusive perpetual worldwide non-commercial and non-profit license to privately view the movie in private premises and will have a copy of the sale and purchase agreement (SPA) for the license to mint and sell NFTs in respect of the film, all stored on the blockchain. Based on its terms, the h-NFT owner would also be able to resell the h-NFT after viewing. For the UK premiere h-NFTs, each h-NFT will contain a pair of exclusive invites for its holder to attend the gala premiere with the actors as well as industry insiders. The tickets will also give them access to any subsequent online events and community sessions with the cast. After the event, the art work of the ticket contained in the h-NFT should also be collected as a valuable memory of a rare beautiful unique experience.