Bonanza Goldfields Corp (OTC:BONZ) Completes Acquisition of Hybrid NFT Firm Marvion™ Holdings Limited

Bonanza Goldfields Corp is pleased to announce that the acquisition of Marvion™ Holdings Limited (“Marvion”), initially announced on Oct. 25, 2021, was completed on Oct 18, 2021.

Marvion™ is a metaverse blockchain technology company, unlocking, enhancing and preserving the value of media and entertainment intellectual property through blockchain and related technologies to create Hybrid NFTs™ (h-NFTs).

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On completion of the acquisition, the Company will own 100% of Marvion.  Dr. Herbert Lee, the Company’s director, will become the majority shareholder of BONZ .

Commenting on the completion, Dr Herbert Lee, Founder and Chairman of Marvion™ said, “I am delighted that the acquisition of Marvion was completed so efficiently.  Since the acquisition was announced, in a brief period of one month, the team had also achieved quite a few milestones.  One of the most significant ones was the fact that Marvion™ launched Asia’s first feature film NFT for Lockdown.  The h-NFTs were for tickets to the gala premiere in London and were  snapped up almost instantly after the drop and I understand that the gala event was very well attended.  All in all, it is a very encouraging result.  With the completion of this corporate activity, we can now focus on the continued rapid development of the company and I am  looking forward to the many exciting projects in the pipeline.”

Julian So, the interim CEO of Marvion™ commented, “Marvion™’s vision is to offer the ultimate community engagement, leveraging the best tools in both the digital metaverse and physical experience realms. Having successfully launched our h-NFT for movies, we are working very hard to implement our h-NFTs to other forms of entertainment, such as music, books, comics and games.”

“I would also like to acknowledge the support and encouragement we have been getting from our investors and community. I would like to thank them for their enthusiasm and support. The level of success of Marvion™ depends on its community.”

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