Investing in blockchain stocks could potentially offer a safer and more lucrative path to gaining exposure to the crypto market.
American Leisure Holdings, Inc. (OTCMKTS: AMLH), for instance, has created a novel solution to the scourge of counterfeiting and fraud in the collectibles market. It has created the first series of 3D-AR NFT sports collectibles ever produced. Each item is a unique piece of memorabilia hand-signed by a current or expected Hall-of-Famer, meticulously crafted into Augmented Reality from real-world items, and limited to just twenty of each (never to be replicated).
COLLECTIBLES MARKET GROWTH
The collectibles market has grown immensely with the advent of online auctions, NFTs, and e-commerce sites. Collectibles have turned into big business, as the global market was valued at $412 billion in 2021, and is projected to reach $692.4 billion by 2032 (Market Decipher).
Ross Hoffman, the CEO of Goldin, a leader in trading cards, collectibles and memorabilia, said "more and more people are recognizing collectibles as a tradable asset," and continued, "a younger demographic between the ages of 21 to 35 is getting involved with sports collectibles due to explosive growth in modern card collecting, along with NFTs."
Hoffman's company Goldin is a great case study in just how valuable this market is becoming. In 2021, the company recorded $330 million in sales tripling its 2020 results.
His company was acquired by Collectors Holdings, Inc. last year, and has shattered auction house records:
$2.46 million price tag for a LeBron James trading card
Nearly $500,000 for a Tom Brady game-worn jersey.
$369,000 for a signed Tiger Woods rookie card
Jonathan Herman, founder of Baller Mixed Reality, is following a similar path that led Ross Hoffman and his Goldin Auctions brand to be acquired by Collectors Holdings, Inc.
Herman's Baller Mixed Reality was recently acquired by American Leisure Holdings, Inc. (OTCMKTS: AMLH) giving individual investors an opportunity to participate in this ground breaking technology.
It's not a bad market to be in. Collectors Holdings was once public until going private in early 2021. Shareholders of the company received a $92 per share payday. This was quite a windfall for shareholders as the stock, formerly trading on the Nasdaq under the symbol CLCT, was trading between $10 and $30 dollars per share for years prior to the announcement.
Early AMLH investors would welcome a similar exit opportunity. The potential is there because Baller Mixed Reality offers an invaluable solution to a costly problem.
SOS Limited (NYSE:SOS) - Earlier this month the Chinese company SOS Limited had come into the news cycle after it announced that it had finally launched its hosting business in North America.
The launch had been done at the Super-Computer & Hosting Center located in Wisconsin. In this context, it may be a good idea for investors to take a closer look. It was noted that the company had managed to sign a number of agreements for the purpose of not only hosting but also managing in excess of 21000 mining rigs. This move could well prove to be a long-term boost for SOS Limited.
HIVE Blockchain Technologies Ltd (NASDAQ:HIVE) - If you are currently looking into cryptocurrency-related stocks then it may be a good move to consider looking into the HIVE Blockchain Technologies Ltd stock. Earlier this month on May 10, the company had announced that it was looking to bring about consolidation in its shares.
The consolidation was going to be completed on the basis of five pre-consolidated shares for 1 post-consolidated share. At the time, the company had 411,209,923 outstanding and issued common shares. However, post-consolidation, the number would come down to 82,241,984.
Sphere 3D Corp (NASDAQ:ANY) - In Q1, Revenue stood at $1.4 million, compared to $0.9 million for the first quarter of 2021. Bitcoin production during the latest was 18.15 coins. This is the first quarter the Company has produced Bitcoin.
Net loss from operations was $14.6 million, or a net loss of $0.23 per share, compared to a net loss from operations of $2.6 million, or a net loss of $0.27 per share, for the first quarter of 2021.
"I am very excited about our future and remain committed to becoming a leading carbon-neutral Bitcoin mining company and to generating long-term value for our shareholders. Our Company's transition is progressing as anticipated, and I am grateful for the support of our shareholders and partners," said Patti Trompeter, CEO of Sphere 3D.
Digihost Technology Inc (NASDAQ:DGHI) - Bitcoin mining company, Digihost Technologies Inc, which is based out of the United States, was in the news on Thursday after it made a key announcement.
The company announced that it had been able to get the requisite approval by way of which it would go on a normal course issuer bid initiative. In this initiative, the company would buy as many as 1,219,762 subordinate voting shares and then cancel them. It could well prove to be a major move for the company and it remains to be seen how the market reacts to this news in the coming days.
Bit Digital Inc (NASDAQ:BTBT) - The next one to look into is the New York-based Bitcoin mining company Bit Digital Inc, which provided an update with regards to its Bitcoin production activities back on May 10. It should be noted that the figures are unaudited.
In the month of April, Bit Digital managed to earn as many as 76.23 BTC and as many as 77.32 ETH. In addition to that, the total BTC under its control stood at 754.32 and in the case of ETH, the figure stood at 323.95. It may be a good time to take an interest in the stock.
Start your research on AMLH here:
https://capitalgainsreport.com/2022/05/04/cgr-interviews-amlh-management-its-nfts-could-be-the-players-choice/
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CONTACT: To educate and attract more investors contact us at:
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