The innovative crypto exchange is scheduled to launch a
unique NFT exchange platform, through which participants of the
Scienjoy NFT Experience X program will list and also sell their
nonfungible artworks to collectors, using major virtual
coins
BEIJING, May 18, 2022
/PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the
"Company", or "We") (Nasdaq: SJ), a leading live entertainment
mobile streaming platform in China, today announced that
Scienjoy has formed a strategic alliance with MetaU, a company
offering crypto exchange platform, to assist the Company to fulfill
its mission of providing funding to artists interested in
transforming their traditional arts to NFTs. MetaU expects to
create an enabling environment and also provide the tools for both
artists and collectors to list and purchase NFTs with virtual coins
through its new NFT exchange platform scheduled to be launched in
the third or fourth quarter of 2022.
As disclosed early this year, Scienjoy plans to launch NFT
Experience X (the "Program"), a new program designed to offer
assistance to selected artists, enabling them with the tools to
turn their creations into nonfungible tokens. The Program is
expected to provide technical support to artists, musicians, and
other performers, as they create NFT works across selected
locations, through traditional art, exhibitions, murals, and other
unique art projects.
Mr. Dan Clayton, Chief Executive
Officer of MetaU, commented, "I am thrilled with the strategic
alliance with Scienjoy based on their interest in the NFT sector.
MetaU will be working with Scienjoy for the preparation of the
anticipated launch of our MetaU NFT exchange platform in the
third or fourth quarter of 2022."
Mr. Victor He, Chairman and Chief
Executive Officer of Scienjoy, commented, "We are excited about the
strategic alliance with MetaU and the expected launch of its NFT
exchange platform. As the COVID-19 pandemic negatively affected
nearly all aspects of trade and commerce globally, the art sector
took a particularly hefty blow with the shut down of vibrant art
galleries and well-known exhibition scenes worldwide. Although much
of that is beginning to change with the gradual recovery from the
pandemic, many artists are still struggling with the impacts of
cancellation of art events and substantial budget reductions from
sponsors due to the uncertainty still hovering over the sector. NFT
Experience X is expected to create hundreds of opportunities for
artists across the world as we aim to highlight the creative minds
in the Metaverse. With the new NFT exchange platform, we hope to
provide independent artists a platform to transform and show their
unique art works."
About MetaU Corporation
MetaU Corp. is a privately held company incorporated and
headquartered in Nevada,
United States, with plans to set
up office operations in Los
Angeles, New York,
Dubai, South Korea, Singapore, and India in late 2022. The company was
established to create a multi-device platform, offering
cryptocurrency exchange services with the highest security across
the globe, to allow for rapid market growth and global
transactions.
About Scienjoy Holding Corporation
Founded in 2011, Scienjoy is a leading mobile livestreaming
platform in China, and its core
mission is to build a livestreaming service ecosystem to delight
and entertain users. With approximately 267 million registered
users, Scienjoy currently operates five livestreaming platform
brands, including Showself, Lehai, Haixiu, and BeeLive, which
features both the Mifeng Chinese version and BeeLive International
version, and Hongle.tv. Scienjoy uniquely combines a gamified
business approach to livestreaming, in-depth knowledge of the
livestreaming industry, and cutting-edge technologies such as
blockchain, augmented reality (AR), virtual reality (VR), and big
data, to create a unique user experience. Scienjoy is devoted to
building a livestreaming Metaverse to provide users with the
ultimate immersive experience, a social media network that
transcends time and space, a digital community that spans virtual
and physical reality, and a content-rich ecosystem. For more
information, please visit http://ir.scienjoy.com/.
Safe Harbor Statement
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose" and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: the ability to manage growth; ability to identify and
integrate other future acquisitions; ability to obtain additional
financing in the future to fund capital expenditures; fluctuations
in general economic and business conditions; costs or other factors
adversely affecting our profitability; litigation involving
patents, intellectual property, and other matters; potential
changes in the legislative and regulatory environment; a pandemic
or epidemic. The forward-looking statements contained in this
release are also subject to other risks and uncertainties,
including those more fully described in the Company's filings with
the Securities and Exchange Commission ("SEC") from time to time.
The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law.
Such information speaks only as of the date of this release.
Investor Relations Contacts
Ray Chen
VP, Public Relations
Scienjoy Holding Corporation
+86-010-64428188
ray.chen@scienjoy.com
Tina Xiao
Ascent Investor Relations
+1 (917) 609-0333
tina.xiao@ascent-ir.com
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SOURCE Scienjoy Holding Corporation