Launching later this year, the new Profitable Developments Inc. subsidiary will provide ticketing services for XR and IRL events of all kinds, allowing for crypto payments, NFT integrations and 360 streaming; Roadmap includes an IEO, a DAO and simultaneous in-person/metaverse event streaming solutions
/EIN News/ — Los Angeles, CA, May 10, 2022 (GLOBE NEWSWIRE) — Profitable Developments Inc. (OTCMKTS: PRDL) announced the formation of CryptoConcerts Inc., a crypto-optimized event solution for ticketing, NFT integrations, and more for both in-person and virtual events in the metaverse. The announcement was made by Founder David Howard Weaver and Co-Founder Joe Wallace.
CryptoConcerts is expected to launch later in 2022 with a ticketing platform capable of handling both crypto and traditional payments. It will also provide services for NFTs linked to tickets and events, and other streaming and distribution support for XR / Metaverse events. In 2023, CryptoConcerts will launch an Initial Exchange Offering (IEO) with its own token called CC Coin, and a Decentralized Autonomous Organization (DAO) to incentivize ticket buyers to engage with the new coin. CryptoConcerts will also provide streaming and ticketing services for the coming hybrid in-person & metaverse events industry.
The founders have extensive experience with both live events and emerging technologies. Weaver has worked with both live music and sports with projects involving NASCAR, Snoop Dogg, Kid Rock, USA Ski and NCAA Football. Wallace is an angel investor and entrepreneur who is also the CEO of both Illusion Entertainment Group and Drinq Budz and played a role in the successful global launch of Proto hologram which has worked with all he major league sports leagues, and celebrities like Sean “Diddy” Combs and Migos.
About CryptoConcerts Inc.
CryptoConcerts Inc., a subsidiary of Profitable Developments Inc. (OTCMKTS: PRDL), was founded…
