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Thursday, August 11, 2022

Humbl Inc (OTCMKTS: HMBL) Steady Rise Northbound Since Major Reversal off $0.075 Lows and Project: Search 3 Goes Live

Humbl Inc (OTCMKTS: HMBL) continues to move steadily northbound since reversing off $0.075 lows on May 11. Since than HMBL has been under heavy accumulation and recently surpassed a dime as the stock continues to make ground. HMBL looks cheap for a stock that was the biggest runner of 2020 skyrocketing from sub pennies starting as TSNP and running to multi dollars as HMBL at one point achieving a market cap of $1 billion dollars plus hitting highs of $7.72 post-split. HMBL has a massive following of investors behind and a major international following that continues to bid the price of HMBL higher. On Tuesday after the close, HMBL “Project: Search 3.” will go live as promised by the Company. “Search 3,” is one of the world’s first modular, blockchain-based Web 3 search engines. In addition to delivering traditional Web 2 search functionality such as web, videos, images and news, “Search 3” will also deliver cross-chain NFT search functionality across blockchain projects such as Ethereum, Solana, Gnosis, Polygon and BLOCKS.  

HMBL is made up of team members from Company’s like Moneygram, Visa, Microsoft, Western Union American Express, Epson, Qualcomm and Facebook and was named a Forbes “Rising Startups to Watch” in June 2020. The Company has a powerful management team behind it led by CEO Brian Foote. Recently they brought back stock whizz George Sharp as Capital Markets Advisor who is shepherding HUMBL through the application process to the NASDAQ Stock Market since achieving fully reporting OTCQB tier in January of this year. There are currently a number of class action lawsuits filed against HMBL over the past week, they allege that Defendants violated provisions of the Exchange Act by making false and misleading statements concerning the Company’s growth prospects, technological advancements, international partnerships, and financial benefits. So far, the lawsuits have had no effect on HMBL which continues to rise. The Company has made major moves in the NFT space, to find out more on that read our previous articles on Humbl. 

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Humbl Inc (OTCMKTS: HMBL) is a new, Web 3 platform being developed to seamlessly connect consumers and merchants in the digital economy, across its HUMBL Mobile Applications, HUMBL Marketplace and HUMBL Financial divisions. HUMBL Mobile Applications will deliver more seamless global transactions, by integrating multiple currencies, payment methods and financial services into reduced clicks for the customer. HUMBL Marketplace was developed to connect customers and merchants online, in improved global commerce, deal discovery and blockchain tokenization programs. HUMBL Financial has developed new software and algorithms for the digital asset trading markets, which are a new global market for blockchain technologies, and will also offer other credit, lending and financial services. Current enterprise tech partners of Humblpay include Datarobot, UIPath, Trulioo, Acuant, Sovrin, identify for all, Indicio tech, Cisco, Good Health Pass, The Commons Project, AWS and Smart. HMBL went public via a reverse merger with TSNP the biggest runner of 2020 before changing its name to HUMBL. 

Since going public via the RM with TSNP HUMBL has made a number of acquisitions including Tickeri, a leading ticketing, live events and box office SaaS platform featuring Latin events and artists throughout the United States, Latin America, and the Caribbean corridor. HUMBLE also acquired Monster Creative, LLC; a Hollywood production studio that specializes in producing movie trailers and other related content. On December 21, Monster Creative reported it has won two awards at the 2021 Clio Awards, as well as one nomination.  In February the Company acquired the mobile identification, verifiable credentials and blockchain tokenization platform of BizSecure, as well as its employee and consulting resources. With this extensive acquisition, HUMBL will form a new commercial division called HUMBL Blockchain Services™, which will introduce and deliver blockchain corporate and governmental solutions. They also acquired Ixaya Business SA de CV, a Mexico-based firm with over 15 years of experience in developing software and IT solutions for the automotive, banking, payments, financial services, oil and gas, real estate, and cybersecurity sectors. With this acquisition, HUMBL gained direct access to more than thirty-five (35) Ixaya technology team members specializing in product design, front-end engineering, back-end engineering, dev ops and blockchain development.   

HMBL initially launched “Project: Search 3.” earlier this year. The initiative will result in the production of “Search 3,” one of the world’s first modular, blockchain-based Web 3 search engines. The company announced that it is already well underway on the building of the technology, which is expected to ship to the global markets sometime in the first half of calendar year 2022. 

In addition to delivering traditional Web 2 search functionality such as web, videos, images and news, “Search 3” will also deliver cross-chain NFT search functionality across blockchain projects such as Ethereum, Solana, Gnosis, Polygon and BLOCKS. The search engine will also make available “Verified by BLOCKS” technology, an additional layer of metadata, storage and authentication that can be applied to both physical supply chain and digital objects, such as NFTs. As part of the launch, HUMBL has acquired the domain name Search3.com, where it plans to host its “Search 3” consumer search engine. The company is in the process of filing a “Search 3” technology patent and has already filed for a trademark on the term “Search 3.” Project: Search 3” is being spearheaded by the newly formed HUMBL Blockchain Services (HBS), in conjunction with Ixaya, HUMBL’s newly acquired thirty-five (35) person technology accelerator in Leon, Mexico, as well as internal HUMBL technology teams. 

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Also, in April HMBL launched its BLOCK Exchange Traded Index (ETXs) to United States customers beginning on April 2, 2021. HUMBL Financial™ created its BLOCK ETX products to simplify digital asset investing for customers and institutions seeking exposure to a new, 24/7 digital asset class. The Company has developed proprietary, multi-factor blockchain indexes, trading algorithms and financial services for the new digital asset trading markets. BLOCK ETXs comprise over 20,000 lines of proprietary code and are architected across index, active and thematic investment strategies. This is a completely non-custodial, algorithmically driven software services that allow customers to purchase and hold digital assets in pre-set allocations through their own digital asset exchange accounts. BLOCK ETXs are compatible for United States customers who have accounts with Coinbase Pro, Bittrex US or Binance US. and international customers who have accounts with Bittrex Global.  

13 class action lawsuits have been filed against HMBL over the past week, they allege that: 

The complaint(s) allege that Defendants violated provisions of the Exchange Act by making false and misleading statements concerning the Company’s growth prospects, technological advancements, international partnerships, and financial benefits for Humbl common stock and digital asset investors, as well as using selectively timed announcements to keep Humbl stock price high so that Company insiders could sell off their holdings into artificially created volume. The complaint also alleges that Defendants violated provisions of the Securities Act by selling its unregistered securities (BLOCK ETX digital assets) to investors. 

Earlier in May HMBL announced its CEO, Brian Foote has contributed 100 million BLOCKS to the HUMBL balance sheet for use in blockchain pilot programs, employee compensation and more. BLOCKS were created as hybrid Web 3 tokens that can accommodate a variety of blockchain use cases and tokenized pilot tests, ranging from mobile wallets, verifiable credentials, NFT verification, DAO management and more. BLOCKS will be recorded as an asset on the HUMBL balance sheet, with an approximate fiat currency value of $700,000 (USD) as of 6:00 AM PST on May 16, 2022. 

On May 25 HMBL announced it has completed the integration of the Polygon sidechain into HUMBL’s NFT platform, which will help creators more easily deliver NFTs to their collectors while reducing gas fees and minting costs. As a Layer 2 solution built on Ethereum, the Polygon sidechain allows users to conduct most transactions on the Ethereum blockchain for, in most cases, a fraction of the cost, and with greater speed than the Ethereum mainchain. 

NFTs are unique non-fungible, cryptographic tokens that reside on a blockchain which cannot be replicated, enabling creators to tokenize their intellectual property or work product so that it can be bought, sold and traded in new ways on the blockchain. The HUMBL NFT platform is accessible at HUMBL.com, and will also integrate its technologies over time into HUMBL’s “Search 3” Search Engine, which is launching on May 31, 2022 at Search3.com. 

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Currently trading at a $147 million market valuation HMBL is on the move northbound as the Company will takes“Project: Search 3.” live after the close. “Search 3,” is one of the world’s first modular, blockchain-based Web 3 search engines. In addition to delivering traditional Web 2 search functionality such as web, videos, images and news, “Search 3” will also deliver cross-chain NFT search functionality across blockchain projects such as Ethereum, Solana, Gnosis, Polygon and BLOCKS. HMBL is easily one of the most exciting stocks in small caps, it was the biggest reverse merger of 2020 and the biggest runner of 2020 skyrocketing from sub pennies starting as TSNP and running to multi dollars as HMBL at one point achieving a market cap of $1 billion dollars plus hitting highs of $7.72 post-split. HMBL has a massive following of investors behind it and can run quick, the stock is a volume leader on the OTC and regularly among the top most traded stocks on the OTCQB exchange. Currently trading surpassing a dime since reversing off $0.075 the lawsuits have had little effect if any so far. Like any penny stock HMBL has plenty of risks, but HMBL has runner in its blood and has a massive gap to fill, it’s got the biggest audience on the OTCQB who are accumulating now as the stock has made a definitive reversal northbound. Microcapdaily was first on the scene when TSNP started running reporting on the stock on November 15, 2020 when the stock was around $0.003. We will be updating on HMBL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HMBL.

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Disclosure: we hold no position in HMBL either long or short and we have not been compensated for this article.

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