One of the most interesting trends to recently emerge across markets is the enthusiastic surge in interest in NFTs, or non-fungible tokens.
If you thought the NFT craze was just a faddish bubbly ramp in penny stocks as yet another sign of too much risk-taking in the financial markets, you might want to explore the idea a bit more.
Jesse Walden of Variant Fund provides an eloquent exploration of the NFT boom to come in his piece “NFTs Make the Internet Ownable”. We might expand that idea and simply say NFTs make everything ownable, at least, in a manner of speaking.
Everything can be represented as digital content. And anything where rights are possible can be attached to a unit of data stored on a blockchain that certifies the uniqueness of that digital asset. This is an idea that stands to revolutionize the photography, art, music, journalism, and literature markets. The digital images, sounds, and text that make up the content universe we consume each day.
All of it.
Hence, we are starting to see a new group of interesting stocks emerge as the first movers in this space, including Funko Inc (NASDAQ:FNKO), Oriental Culture Holding Ltd (NASDAQ:OCG), Cinedigm Corp (NASDAQ:CIDM), ZK International Group Co Ltd (NASDAQ:ZKIN), Liquid Media Group Ltd (NASDAQ:YVR), and Plby Group Inc (NASDAQ:PLBY).
However, today, we would like to make the case that a new opportunity may be about to explode onto the NFT scene after giving fair warning in a press release Wednesday morning: Clubhouse Media Group Inc (OTCMKTS:CMGR).
The World’s Leading Publicly Traded Social Media Content Company Eyes NFTs
That’s right – we could make the case that Clubhouse Media Group Inc (OTCMKTS:CMGR) is actually the world’s leading publicly traded social media content company.
CMGR is not a social media network. It is an influencer-based marketing and advertising model driven by opening content creator houses, filling them with leading social media influencers, and thereby controlling a vast tract of the social media landscape, which the company can then market to major global brands as a marketing channel of unmatched potency.
According to a recent article published in a top-25 major syndicated newspaper, the company has already established a dominant presence in aggregate reach, with a currently estimated 280 million social media followers through its Clubhouse Media influencers, as well as an additional 9 million through its own branded accounts.
The company runs content houses that provide a luxurious home base for some of the world’s most popular social media influencers. The company gets access to a massive and diverse base of social media consumers and the influencers get a mansion with a view, publicists, a media team, full-scale video production resources, and full-scale styling production and in-house studio amenities to support their continued career advancement.
Influencers can also grow their follower bases by cross-pollinating with other star influencers who live in the same house.
Now, CMGR is setting its sights on the NFT trend.
BlockhouseCH is Coming
At this point, we don’t know precisely how it will work, but Clubhouse Media Group Inc (OTCMKTS:CMGR) put out a release noting that, at this point, it has begun preparations toward the launch of a new content house focused on the creation, tokenization, and sale of unique digital artwork and content items associated with NFTs.
According to the release, BlockhouseCH will seek to leverage the Company’s strong network to bring together leading artists, influencers, and experts in personal finance, cryptocurrency investing, and the NFT marketplace. In addition, through BlockhouseCH, the Company intends to tokenize content from in-house creators to be marketed on platforms such as rally.io.
It looks like the company is also planning to function through its BlockhouseCH model as an expert-mediated digital art NFT investor and dealer, identifying opportunities centered on promising digital artwork that can be acquired, tokenized, and marketed, with the Company’s powerful influencer network helping to market such items.
Lastly, the BlockhouseCH content stream will be tailored to the crypto-curious, with experts and leading content creators generating content tailored to people interested in cryptocurrencies, angel investing, personal finance, and alternative stored value opportunities, including collectibles.
Chris Young, President of Clubhouse Media, commented, “BlockhouseCH will be one of the world’s first crypto-centric content houses, bringing together real expertise in the cryptocurrency and NFT space and pairing that expertise with heavy hitters on the influencer side to create content designed to resonate with those interested in personal finance, NFTs, and cryptocurrency investing and deliver it to a massive global audience through leading social platforms.”
According to the release, precise details, including the location and the identity of the stars of BlockhouseCH, will be disclosed soon by Clubhouse Media. In other words, another PR is likely to be dropped by the company in coming weeks after the project is nailed down that contains some impressive names.