Friendable (FDBL) stock was up on Wednesday after entering into an agreement with Santo Blockchain Labs (OTC PINK:SANP) develop a global entertainment eXtended Reality (XR) non-fungible token (NFT) platform for Fan Pass registered artists. Shares of the OTC Pink Sheet penny stock were trading higher 13.6364% to $0.0258 a share on Wednesday.
What's Happening With Friendable?
Looking to expand on the increasing popularity of NFT technology, the two companies are now given the opportunity for new revenue streams for artists and themselves with a marketplace that will feature unique NFTs, which may be both digital and/or augmented reality NFT images.
What Does This Mean For Friendable?
The Company believes its Fan Pass and artist NFTs will increase in value upon their limited availability and exclusivity. Moreover, the NFTs might also include Fan Pass interaction with various music artists, including possible interactions with other celebrities, entertainers, and influencers.
"It's been three long years since the inception of our flagship NFTs SKULLYS. We are proud to bring over 100,000 plus lines of code to the outstanding team over at Fan Pass for the development of a unique XR-NFT platform, said Frank Yglesias, CEO of Santo Blockchain Labs. Adding,"It is wonderful to see the rise of the NFTs in the artistic community during the last couple of months, but we at Santo have just turned it up 8 decibels by combining eXtended reality technology into NFTs.
Friendable, Inc. is a mobile-focused technology and marketing company that connects and engages users through applications. The company offers the Friendable, a social application where users can create one-on-one or group-style meetups. It is also provides Fan Pass, a mobile application that connects fans to their favorite celebrity or artist.
FDBL has a Long-Term Technical Rank of 19. Find out what this means to you and get the rest of the rankings on FDBL!
Friendable Inc is a mobile technology company that develops, acquires, and invests in a mobile application. The company's flagship product is Friendable that enables users to create a group or meet for live music or any other occasion, and Fan Pass which is a live streaming video application. The company generates revenue through advertisements on the application and sponsorships.
