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Saturday, November 26, 2022

The NFT Marketplace Ltd (OTCMKTS: BABL) Big Move on the NFT Marketplace Reverse Meger as Co Goes Pink Current

The NFT Marketplace Ltd (OTCMKTS: BABL) rocketed up the chart on Wednesday after the Company went “pink current” meaning the stock can now be purchased from most brokers and the Company can now issue press releases and update shareholders on its progress. According to the NFT Marketplace website the Company is currently in a seed round of funding with a target raise of £2,000,000. Target date for raise September 2022 Target date for public list Q3 2022, target date for Beta launch Oct 2022, and target market cap on list $100m. This was also stated by NFT Marketplace Andrew Prichard in this video. 

Reverse merger SPACs can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. Two recent RM runners that stand out are TSNP/HMBL which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. BABL is the perfect reverse merger candidate; a clean shell with just $21k in total liabilities and no notes payable. 

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The NFT Marketplace Ltd (OTCMKTS: BABL) was incorporated as “Physicians Remote Solutions, Inc.” The corporate name was changed in July 2008 to “HIPSO Multimedia, Inc.”, and again February 24, 2012, to “Buildablock Corp.” On June 21, 2021, the Company changed its name to EdgeMode Corporation.  

The NFT Marketplace Ltd, a UK registered company gaining access to the capital markets via a reverse merger into BABL, provides a peer-to-peer marketplace for crypto collectibles and non-fungible tokens. This includes collectibles, gaming items, and other virtual goods transacted on Binance Smart Chain (BSC) and Ethereum Blockchain. The road map is to create the world’s first publicly listed marketplace for buying, selling, trading and storing NFTs. 

The Company’s advanced blockchain payment mechanism will allow purchases to be made via mainstream crypto currency, fiat payments and our own DAO Governance Token. NFT Marketplace is building the modern-day eBay and Paypal for Non-Fungible Tokens (NFT’s) using Blockchain protocols with market penetrative though social influence. An NFT is unique and cannot be replicated, replaced, or split into parts. For example if you lend someone £10, it doesn’t matter if you get the same bill back. You just need £10! But when it comes to collectible coins, each of which is unique and has its own value, the situation changes dramatically. An NFT is this unique coin, one of a kind.  

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NFT Marketplace services will include minting: Make, Store and Send your own NFT, marketplace: Buy 1000’s of unique NFT’s from our Marketplace, and sell: Sell your NFT to the NFT Marketplace community and anyone/anywhere in the world. 

Currently a seed round of funding is underway with a target raise of £2,000,000 which is being deployed into i. public listing of NFTM stock £500,000 ii.  Beta stage platform development £750,000 iii.  Marketing to align with significant hospitality brands £250,000 iv. NFTM token launch £250,000 v.  PR marketing post list £250,000. According to the Company’s website: Target date for raise September 2022 Target date for public list Q3 2022, target date for Beta launch Oct 2022, and target market cap on list $100m.  

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Currently trading at a $2.2 million market valuation BABL OS is 165,608,379 shares with 61,840,000 shares in the public float. As we have said BABL is the perfect reverse merger candidate; a clean shell with just $21k in total liabilities and no notes payable. Reverse merger SPACs can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors, the incoming Company; NFT Marketplace Ltd, is a UK registered company gaining access to the capital markets via a reverse merger into BABL, provides a peer-to-peer marketplace for crypto collectibles and non-fungible tokens. According to its website the Company is currently in a seed round of funding with a target raise of £2,000,000. Target date for raise September 2022 Target date for public list Q3 2022, target date for Beta launch Oct 2022, and target market cap on list $100m. BABL has made some moves in the past skyrocketing from current levels in summer 2021. We will be updating on BABL when more details emerge so make sure you are subscribed to Microcapdaily.

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

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