Non-fungible tokens, or NFTs, took off in late 2017 with the launch of CryptoKitties. By mid-2018, a handful of digital collectibles were trading for over $140,000. And a few years later, Cryptopunks and Bored Apes collections fetched millions of dollars. In fact, early last year, CryptoPunk #5822 alone sold for $23.7 million!
If you’re like most people, you might think it’s far-fetched to pay over $1 million for a JPEG that anyone can download. But NFTs are about more than silly images – they provide an immutable record of ownership. And that makes them a valuable complement to offline physical collectibles because they can prove provenance and eliminate forgery.
Authentic Holdings Inc. (OTC Pink: AHRO) Through its NFT platform known as “The NFT Mint Farm” Authentic Holdings will launch several projects in the second half of 2023. Its mainstay was combining physical collectibles with its matching digital twin in the format of an NFT using its in-house NFT platform to bring NFTs to mainstream audiences. With a market capitalization of less than $3 million, investors can now participate before the broader market catches on.
A Unique Approach
Authentic Heroes is one of the company’s very unique assets. It is driven by patented technology which takes original “event worn” items from an athlete or music icon and creates thousands of authenticated collectibles using the fibers of the original. Matching those items with an NFT or digital representation of the physical collectible is an industry first.
The company began looking at other ways to generate opportunities in the collectibles market. In January 2022, the company licensed a legacy music collection from the 1930s-1990s and began converting them into limited edition vinyl records with NFTs containing classic music tracks, and a matching NFT of the Vinyl.
Building an NFT Platform
Authentic Holdings’ upcoming NFT platform will enable anyone to buy, sell, or trade its NFT Offerings. The platform includes a secure vault where users can store the NFTs they acquire and the technical ability to support 80 million NFTs, which allows it to be well-positioned to support the company’s growth.
In addition to its vinyl records, the company is developing a game-driven project rooted in the music industry , with prizes awarded throughout the monthly contest periods. These prizes could include free concert tickets, backstage passes, airfare to and from concerts, and other items. The game will – be rooted on the company’s NFT platform and launch in the early 4th quarter of 2023..
The company also recently signed a “Letter of Intent” to acquire Goliath Motion Picture Productions, owner of over 14,000 full-length high-quality motion pictures. Authentic is expecting to fully tokenize the entire library for a more streamlined way to sell their content to many other networks looking for programming as well as creating a Video on Demand opportunity with a massive library of over 14,000 movies.
Beyond NFTS & Collectibles
Authentic Holdings could revolutionize the NFT industry by pairing them with physical collectibles – but that’s not the only way the company aims to create shareholder value.
The company unveiled a series of other initiatives in its recent update to shareholders. In particular, the company recently acquired Maybacks Global Entertainment, which began as an
Over the Air (OTA) company driven by antennas with 27 stations in its network. The platform has now grown to 31 stations and has a reach of over 450 million worldwide.
Currently, the company is generating its revenue from “insert ads”. Maybacks is now negotiating with several entities that are seeking a 24 hour channel”. Maybacks is an alternative to cable and satellite stations that charge upwards of $50,000 in setup fees and $25,000 or more for monthly access fees..In exchange for free channel access Maybacks would receive an override on all sales and an equity stake in the channels making it an incubator for aspiring businesses that seek 24 hour access..
Looking Ahead
Authentic Holdings Inc. (OTC Pink: AHRO) is bringing NFTs mainstream by not only pairing them with physical collectibles but also looking to launch several unique NFTs in the not too distant future. Investors interested in the NFT space may want to take a second look at the stock as it works to launch these efforts over the coming months. At the same time, its other initiatives could prove extremely valuable on their own.
Some investors may already be taking note of these developments. Three separate individuals have recently filed 13-Gs with the Securities and Exchange Commission, cumulatively owning over 600,000,000 million shares or almost 35% of the public float.
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