RE: Mexican National NFT team sell-out and Q3 revenue15 Nov 2022 09:42
Mexican National NFT team sell-out and Q3 revenue
Tue, 25th Oct 2022 13:38
RNS Number : 0633E
Mobile Streams plc
25 October 2022
25th October 2022
Mobile Streams plc
("MOS" or "the Company")
Mexican National team NFT sell-out and Q3 revenue.
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce its first NFT whitelist 'drop' (essentially a launch of a batch of NFTs) for the Mexican National team sold out over the weekend. Whitelist, early entry, NFTs were sold for US$50 each with the price of these NFTs rising to US$100 by 3pm Mexico time on Monday. Total sales from the drop are currently in excess of US$60,000 and continuing to rise. In addition, the Company will receive 5% of any future resale value from the cards through its embedded NFT royalty. This is just the first drop of many for the Mexican National team. With the World Cup starting soon, customers can expect a significant number of drops to happen in the near future.
MOS has also launched its Mexican National team HeroesNFTclub marketplace where NFT cards can be purchased and traded. The marketplace can be found at: https://miseleccion.heroesnftclub.com
Q3 Revenue
The Company is pleased to announce revenue for the three months to 30 September 2022 of US$620,000. This represents a year-on-year increase of 268% in revenue when compared to the same period in 2021.
Mark Epstein, CEO Mobile Streams plc, said:
"We are delighted with the results of our first launch of Mexican National team NFTs. This is just the first of many NFT drops we will be doing for the National team, with a significant number due to take place in the upcoming World Cup period and beyond we expect this licence to grow rapidly. We are also looking to sign additional contracts and further announcements on these will be made in due course. We are pleased with our revenue progress to date and expect this to increase significantly throughout the rest of the year."