LANCASTER, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) — Two companies known for innovations in their respective fields today announced a partnership leveraging the blockchain-based asset digitization technology and financial markets expertise of Wazuzu Inc. to boost the impact and value of the intellectual property platform and film production work of American Films, Inc. (OTC: AMFL).
Through the partnership, Wazuzu plans to provide asset digitization consulting and technology services to American Films as the company accelerates its efforts to enhance the value of both third-party and owned IP as well as its film project portfolio. American Films has plans to issue Security Token Offerings (STOs) backed by various IP portfolios, litigation financing opportunities, and film projects. In addition, the company will employ a comprehensive NFT strategy around all of its prospective film projects.
A non-fungible token (NFT) is a digital asset marked with unique identifying code that distinguishes it from any other digital replica. STOs are a type of offering in which tokenized digital securities, known as security tokens, are offered and/or traded, including on regulated exchanges. STOs can be used to create new markets for virtually any type of digital or physical asset by using the blockchain’s virtual ledger system to authenticate and track token transactions.
Wazuzu offers a full suite of technology tools and services to its clients in a regulatorily compliant manner across a variety of industries, assets, and use cases, including media, intellectual property portfolio monetization, consumer products, sports, capital markets, mobile gaming, esports, horse racing, higher education, and regulatory compliance.
“With the addition of the Wazuzu asset digitization team and its compliance-focused financial markets experience, American Films now…
