U.S. Global Investors Announces Strategic Investment in NFT

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San Anto­nio, TX, Oct. 27, 2021 (GLOBE NEWSWIRE) — U.S. Glob­al Investors, Inc. (Nas­daq: GROW) (the “Com­pa­ny”), a reg­is­tered invest­ment advi­so­ry firm that focus­es on spe­cial­ized mar­kets around the world, is pleased to announce that it has pur­chased 1 mil­lion shares of Net­work Enter­tain­ment, Inc. (“Net­work”) in its recent financ­ing. The invest­ment is intend­ed to pro­vide expo­sure to Network’s emerg­ing non-fun­gi­ble token (NFT) busi­ness, adding to the Company’s estab­lished par­tic­i­pa­tion in the dig­i­tal asset ecosystem.

Trad­ing as Net­work Media Group, Inc. (TSX.V: NTE.V) (OTCMKTS: NETWF), Net­work Enter­tain­ment is an award-win­ning media pro­duc­tion com­pa­ny that has pro­duced dozens of fea­ture doc­u­men­taries, doc­u­men­tary series and relat­ed pre­mi­um con­tent. Among Net­work’s most pop­u­lar pro­gram­ming includes its high­ly-rat­ed “I Am” slate of fea­ture doc­u­men­taries for Para­mount, which have spot­light­ed some of the biggest names in enter­tain­ment, sports and activism from the 20th cen­tu­ry, includ­ing Bruce Lee, Chris Far­ley, Patrick Swayze, Richard Pry­or and JFK Jr.

Cap­i­tal­iz­ing on its glob­al rep­u­ta­tion as cre­ators and pro­duc­ers of pre­mi­um con­tent, Net­work has recent­ly announced that it intends to cre­ate and dis­trib­ute NFTs using exist­ing and upcom­ing content.

Read­ers are urged to click here to vis­it Network’s web­site to explore its rich content.

GROW Get­ting Ear­ly Expo­sure to the NFT Craze

The Com­pa­ny sees great poten­tial in what Net­work has planned for its intel­lec­tu­al prop­er­ty, and it is keen to explore the nascent NFT space as a com­ple­ment to its invest­ment in HIVE Blockchain Tech­nolo­gies, Inc. (Nas­daq: HIVE), which has also invest­ed in Net­work. The Com­pa­ny owns unse­cured con­vert­ible HIVE deben­tures as well as com­mon share pur­chase warrants.

“We’re back­ing a strong team at Net­work Enter­tain­ment,” says Frank Holmes, Com­pa­ny CEO and chief invest­ment offi­cer, as well as Exec­u­tive Chair­man of HIVE. “I’ve known Net­work Board Mem­ber Tim Gam­ble for years, who’s a true vision­ary, hav­ing co-found­ed and been a for­mer CEO of Thun­der­bird Enter­tain­ment Group, Inc. (TSX.V: TBRD). Net­work has such a rich port­fo­lio of intel­lec­tu­al prop­er­ty, and I’m excit­ed to see how it can be mon­e­tized using NFTs. Most NFTs oper­ate on the Ethereum net­work, as does its native dig­i­tal cur­ren­cy Ether, which HIVE mines, along with Bit­coin, using only 100% green renew­able ener­gy. As NFTs increase in demand, so too should the demand for Ether. HIVE, there­fore, is well posi­tioned to ben­e­fit from the increased need for Ether, mak­ing this invest­ment a poten­tial win-win for GROW as well as HIVE.”

NFTs Gen­er­at­ed a Record $10.7 Bil­lion in Sales in the Third Quarter 

NFTs are unique, non-inter­change­able cryp­to assets that pro­vide proof of own­er­ship of a dig­i­tal item such as an image, song, meme, tweet or video clip. Own­er­ship is record­ed on a pub­licly open blockchain plat­form, often the Ethereum net­work, allow­ing own­ers to buy and sell NFTs on spe­cial­ized mar­ket­places in place of the prop­er­ty they represent.

Like cryp­tos in gen­er­al, NFTs are a boom­ing new mar­ket, hav­ing seen $10.7 bil­lion in trad­ing in the third quar­ter of 2021, up from just $28 mil­lion a year ear­li­er. Many celebri­ties and con­tent cre­ators, includ­ing Snoop Dogg, Paris Hilton, Tony Hawk and Martha Stew­art, have par­tic­i­pat­ed in the space. Coin­base, one of the world’s largest cryp­to exchanges, recent­ly announced plans to launch Coin­base NFT, a “peer-to-peer mar­ket­place that will make mint­ing, pur­chas­ing, show­cas­ing and dis­cov­er­ing NFTs eas­i­er than ever,” accord­ing to the company’s web­site. With­in 24 hours of its Octo­ber 12, 2021, announce­ment, Coin­base NFT had acquired more than 1 mil­lion names to its waitlist.

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About U.S. Glob­al Investors, Inc.

The sto­ry of U.S. Glob­al Investors goes back more than 50 years when it began as an invest­ment club. Today, U.S. Glob­al Investors, Inc. is a reg­is­tered invest­ment advis­er that focus­es on niche mar­kets around the world. Head­quar­tered in San Anto­nio, Texas, the Com­pa­ny pro­vides mon­ey man­age­ment and oth­er ser­vices to U.S. Glob­al Investors Funds and U.S. Glob­al ETFs.

Frank Holmes has been appoint­ed non-exec­u­tive chair­man of the Board of Direc­tors of HIVE Blockchain Tech­nolo­gies. Both Mr. Holmes and U.S. Glob­al Investors own shares of HIVE. Effec­tive 8/31/2018, Frank Holmes serves as the inter­im exec­u­tive chair­man of HIVE.

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