Marvion Expands IP Portfolio to Revolutionize Media and Entertainment Industry

A portfolio of priceless intellectual property assets have been successfully acquired by Marvion, a Bonanza Goldfields Corp. affiliate, from Euro Amazing Limited. This purchase completes the second round and highlights Marvion’s dedication to fostering innovation across the web3 environment.

Expanding Presence in Web 3 Space

By utilizing cutting-edge technologies, Marvion hopes to change the media and entertainment sector with the acquisition of Euro Amazing Limited’s intellectual property assets. Marvion is allowed to mint Digital Ownership Tokens (DOTs) for various categories of adaption rights derived from the acquired assets thanks to the everlasting worldwide license received through the agreement.

Success and Future Plans

Marvion CEO Raymond Chua is enthusiastic about the deal, stating, “We are thrilled to announce the successful acquisition of these valuable intellectual property assets from Euro Amazing Limited again, especially since we have generated $15,094,500 from the sale of the movie remake licenses within a year. Clearly, there is a demand from collectors with reference to the movie remakes, and we hope to continue to bring more movie classics to the market.”

Wide Range of Adaptation Rights

The rights that Marvion has acquired span 10 categories of adaptation across a variety of media types, including movies, web series, animation, online short videos, and video games. Marvion is able to explore a variety of options within the media and entertainment sector because to this wide range of rights.

Purchase Agreement and Consideration

Marvion has agreed to give Euro Amazing Limited shares of Bonanza Goldfields Corp. valued US$15 million in consideration for the acquisition. Using the average closing price over a 30-trading-day period as a starting point, the number of shares will be calculated.

Driving Innovation with Blockchain and Smart Contracts

Marvion’s dedication to innovation is shown in its usage of blockchain technology and smart contracts to improve industry collaboration, efficiency, and openness. Marvion wants to build an ecosystem and metaverse for the media and entertainment sector using these technologies.