InvestorWire NewsRoom

Article

Hollywall Entertainment Inc. (HWAL) Forays into Music NFTs as It Seeks to Offer Value to Musicians, Creatives, Shareholders
March 15, 2022

Hollywall Entertainment Inc. (HWAL) Forays into Music NFTs as It Seeks to Offer Value to Musicians, Creatives, Shareholders

  • Hollywall formed a new R&D division to explore the use of cryptocurrency technologies, token omics, NFTs, and the blockchain
  • The company is working on the HW Network digital delivery platform, a revolutionary digital distribution and verification system designed to maximize quality control, revenues for creators and copyright owners, and customer delivery
  • NFTs have garnered a lot of interest and have provided a different avenue for fans to support artists directly
  • Hollywall’s foray into music NFTs fulfills its commitment to empowering creatives as well as offering value

Interest in non-fungible tokens (“NFTs”) ballooned in 2021, resulting in unprecedented growth in NFT sales to $25 billion in 2021, up from just $95 million a year earlier (https://ibn.fm/cGXxw). The buzz around NFTs percolated different sectors, reaching the ears of both laypeople and experts and, as a result, earning recognition as 2021’s word of the year, according to the Collins Dictionary (https://ibn.fm/MWaNE). Still, as a recent Forbes article notes, NFTs have the potential to disrupt vast swaths of industries and sectors (https://ibn.fm/RShiY).

“Many experts expect NFTs to prove especially transformative in shaping the future of music. Songs, albums, music, lyrics, and soundbites can all be NFTs,” reads the article. “When you take a deep dive into what NFTs enable, NFTs seem especially poised to define the future of music.”

The article discusses how NFTs enable equitable compensation and greater potential for remixes and collaborations. They also capitalize on scarcity appeals and, at the same time, let fans exploit novel opportunities to enrich and deepen connections with their favorite musicians. “When you closely examine the value propositions of NFTs… NFTs seem poised to transform the music industry,” the article concludes.

In understanding the inherent value of NFTs, Hollywall Entertainment (OTC: HWAL) “is developing a one-of-a-kind, state-of-the-art, digital distribution and verification system designed to maximize customer delivery, quality control, and revenues for artists, writers, content developers, shareholders, and copyright owners” (https://ibn.fm/QPD3L).

Christened the HW Network digital delivery platform, the revolutionary digital distribution and verification system is expected to change the way the media and entertainment industries carry out their businesses in the future. And to ensure its success, Hollywall has formed a new research & development (“R&D”) division to explore the use of cryptocurrency technologies, token omics, NFTs, and the blockchain. 

The Collins Dictionary defines NFTs as a unique digital certificate that is registered in a ledger known as the blockchain and records the ownership of collectibles and creative works. With Nashville-based rock band Kings of Leon generating $2 million from the release of an album as an NFT last year and celebrated DJ-cum-producer Steve Aoki dropping an NFT collection that became “one of the most expensive digital pieces of art sold to date,” according to Business Insider (https://ibn.fm/0qLPH), NFTs are becoming an integral part of how fans can support artists. Hollywall understands this.

By offering a system that enables artists, creators, writers, musicians to set up and sell NFTs, Hollywall would be fulfilling its commitment to empowerment and value provision. “We serve some of the finest creators, writers, developers, and music artisans of our time by providing a business solution and distribution platform that maximizes a global audience reach,” the company’s website reads (https://ibn.fm/PswpC).

For more information, visit the company’s website at www.Hollywall.com

NOTE TO INVESTORS: The latest news and updates relating to HWAL are available in the company’s newsroom at https://ibn.fm/HWAL

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).