MANCHESTER, UK, July 20 2022 (GLOBE NEWSWIRE) — Leading NFT news and media website, NFT Plazas, today announced that it will expand its media arm through the strategic acquisition of the first-ever monthly print publication and NFT magazine channel, MagNFT.
The magazine was purchased for an undisclosed sum from MagMaster, an NFT veteran and highly respected member of early NFT community circles. NFT Plazas now owns all content produced by MagNFT over the past two years, as well as social media channels and the website.
MagNFT was founded in 2019 with the first magazine published in December 2019 and hit on Codex. The company has since released 24 issues worldwide and featured over 300 artists and content creators. In its first two years, many recognizable names in today’s NFT art market appeared in MagNFT, such as Xcopy, Coldie, Pransky, Trevor Jones, Jose Delbo, Beeple, and Alotta Money, to name a few. to name a few.
We see the recent downturn in the Crypto and NFT markets as an opportunity. Our long-term strategy and careful planning now puts us in the fortuitous position of being able to expand the NFT Plazas brand. We are delighted to have successfully completed the acquisition of MagNFT and have great plans to build on its reputation and all of its accomplishments to date. – Chris Thomas, Founder and CEO of NFT Plazas.
While many companies announce the reduction of their operations, such as the recent announcement by OpenSea CEO Devin Finzer that they are reducing their workforce by 20%, NFT Plazas is growing steadily, with the acquisition marking a new step forward. in its growth strategy.
The media company also launched the world’s first automated metaverse advertising system earlier this year. A one-of-a-kind solution for metaverse advertising, helping to onboard thousands of new businesses to NFTs and blockchain through a simple and efficient user interface.
About MagNFT: MagNFT is a monthly print magazine founded in 2019. It was the very first chain magazine using the Codex protocol. Over the years, the company has featured the best designers in the industry and created an extensive network of high profile collectors.
As the NFT sphere has evolved and the potential for integrating NFTs into a virtual world has evolved, many new partnerships have evolved over time. MagNFT also partnered with Metaverse-Billboard in early 2020 to offer projects and artists the ability to rent over 200 billboards from Voxels for exposure and marketing needs.
About NFT Plazas: Founded in 2018 and formerly known as DCL Plazas, NFT Plazas is the number one information site dedicated to growing the NFT and Metaverse space. Our mission is to spread awareness of the benefits associated with these exciting new experiences and technologies. NFT Plazas covers games, CryptoArt, Collectibles, Metaverse and industry news from around the world.
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