ZK International Affiliate xSigma Announces NFT Market Launch Date and Binance Smart Chain Support for $ 1.6 Billion NFT Industry
WENZHOU, China, May 10, 2021 / PRNewswire / – ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), is pleased to announce that xSigma Corporation, a subsidiary of the Company and a blockchain R&D laboratory, announces that the xSigma NFT marketplace will be commissioned on the 25th. June. Visit our website, register and see what awaits you in our NFT Marketplace at: https://xsigma-nft.com
Additionally, xSigma is pleased to reveal that the xSigma NFT Marketplace will be supported by both Binance Smart Chain (âBSCâ) and Ethereum Network upon launch. The company chose to use the BSC because it has gained impressive traction from the blockchain community so far, where it performs over 7 million transactions per day, it has more active wallets than Ethereum and the total value. locked in DeFi projects on the BSC has reached $ 36 billion.
The NFT industry continues to grow and attract more creators and clients. Since the Company’s last announcement regarding the xSigma NFT market, the cumulative sales volume of the NFT industry has exceeded $ 1.6 billion, according to DappRadar.com.
To date, the xSigma NFT Marketplace has collected thousands of subscriptions to its waiting list. xSigma is currently working on the integration of celebrities, athletes and brands into its NFT culture marketplace and more interesting news in the xSigma NFT marketplace will be revealed in the coming weeks.
Mr. Huang, Chairman of xSigma, said, âWe are pleased to announce that we are rapidly entering the next innovative industry digital asset monetization boom known as Non-Fungible Tokens. We have invested in xSigma to create value and are delighted to have the xSigma NFT Marketplace live at the end of June. “
What are non-fungible tokens?
Non-fungible tokens (âNFTsâ) are easily tradable and individually unique digital assets that are held on certain blockchains, mainly Ethereum but also others such as Binance, Flow, Wax and many others.
One of the main differences between cryptocurrencies and NFTs is that each NFT is completely and not directly interchangeable with any other asset by identity, value and / or utility. Each NFT is made up of metadata that gives each one their individuality. These attributes can include size, artist name, rarity, etc. NFTs not only exist in a digital space, but they can also represent any type of physical asset, acting as a kind of ‘digital twin’ to anything that exists in the real world and enabling the ownership and exchange of goods. physical in digital markets.
True ownership is one of the key elements of any NFT, and as digital economies continue to flourish, there is no doubt that NFTs will play a central role in bringing the digital and physical worlds closer than ever before. .
According to the report by Canadian analysis firm NonFungible, they indicated that âthe total market capitalization of project-based NFTs was $ 338 million at the end of 2020. Research Analyst Messari Mason nystrom believe this figure could rise to more than $ 1.3 billion in 2021. “The report goes on to state that it predicts that 2021 is about to open to ‘a new bull market in the NFT industry.’1
1 New report predicts NFTs will explode in popularity in 2021 (cointelegraph.com)
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based designer, engineer, manufacturer, and supplier of patented high performance stainless steel and carbon steel pipe products that require sophisticated water or gas piping systems. The company holds 28 patents, 21 trademarks, 2 awards for technical achievement and 10 awards for national and industrial standards. ZK International is preparing to capitalize on the $ 850 billion commitment made by the Chinese government to improve the quality of water which, in its current state of supply, is 70% unsuitable for human contact. ZK International is certified quality management system (ISO9001), certified environmental management system (ISO1401) and holder of a national stainless steel industrial production license which focuses on the supply of steel piping for industries in multi-billion dollar gas and water sectors. ZK has supplied stainless steel pipelines for more than 2,000 projects, including Beijing National Airport, the âWater Cubeâ and the âBird’s Nestâ, which hosted the 2008 Beijing Olympics. On the superior properties and durability of its steel piping, ZK International provides a solution for the delivery of high quality, highly durable and environmentally friendly drinking water not only to the Chinese market, but also to the markets internationals such as Europe, East Asia and South East Asia. .
For more information, please visit www.ZKInternationalGroup.com. In addition, please follow the company on Twitter, Facebook, Youtube, and Weibo. For more information on the company’s SEC filings, please visit www.sec.gov.
About XSigma Corporation
XSigma Corporation, is a subsidiary of ZK International Group Co., Ltd. In conjunction with ZK International, launched xSigma as a research and development lab in 2018 to solve real world infrastructure issues. Its mandate was to explore new opportunities in smart contracts, supply chain management, and other blockchain-based solutions. XSigma has since switched to decentralized finance, focusing on decentralized exchanges, stablecoins, and lending protocols. The research laboratory is now actively working on its product ecosystem, starting with its DeFi protocol. The ultimate goal is to create a range of financial tools and products for the growing decentralized financial sector. The xSigma team being built is at the cutting edge of blockchain research and development that cuts across decentralized finance, supply chain management, IoT and infrastructure. The DeFi protocol is one of several decentralized funding projects that xSigma plans to launch over the next 12 months. It will power a growing network of DeFi products for the business and consumer markets. Any blockchain protocol is subject to a certain degree of risk; XSigma’s DeFi protocol has implemented tamper-proof programming, but is still subject to potential hacks. For more information on xSigma, please visit its website at www.xsigma.com, www.xsigma.fi, https: // xsigma-trading.com and https://xsigma-nft.com
Safe Harbor Declaration
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the US Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may”, “will”, “expect”, “believe”, “anticipate”, “intend”, “may”, “estimate” or “continue” or Negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, all statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions which are difficult to predict and many of which are beyond the control of ZK International. Actual results may differ from those projected in forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in documents filed by the Company with the United States Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, all assumptions could prove to be incorrect and, therefore, there can be no assurance that the results contemplated in the forward-looking statements will be achieved. In light of the significant uncertainties inherent in the forward-looking information included in this document, the inclusion of such information should not be construed as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International assumes no obligation to revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unforeseen events.
Weitian LLC Group
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SOURCE ZK International Group Co., Ltd.