MetaWorks Platforms (MWRK) gained by 8.08% today to $0.1405 per share on volume of 1.247 million shares or 15X its average daily volume!
MWRK hit a new 52-week high earlier in the day of $0.1793 per share where it was already up by 99.22% since NIA's alert yesterday at $0.09 per share!
On April 26th, Senator Amy Klobuchar introduced, 'S.1321 - Unlock Ticketing Markets Act of 2023'.
The bill will prohibit exclusive venue ticketing contracts with an excessive duration, and for other purposes. According to the bill, "No primary ticketing service provider may enter into, or attempt to enter into, an exclusive venue ticketing contract if the contract is for an excessive duration, as determined by the Commission under subsection."
The Unlock Ticketing Markets Act of 2023 will be one of the most talked about topics in the mainstream media in the upcoming weeks/months. Many political experts are predicting that it will receive bipartisan support throughout all of Washington!
MWRK is launching a new blockchain-based NFT ticketing platform by the end of the year that completely eliminates the secondary market ticketing process where middlemen mark tickets up 5 to 20 times from their face value with neither the fan nor the artists benefiting.
Before the start of summer, MWRK will be launching WalletFX.io an AI powered digital wallet that will support the launch of its blockchain-based NFT ticketing platform!
The biggest crisis in America today is concert ticket inflation. If you want to see Taylor Swift this month at Metlife Stadium it costs $3,747 per ticket in the upper deck and SeatGeek calls it a "great deal".
During the past month, there have been countless articles in the mainstream media about America's concert ticket inflation crisis:
'Live Music Is Roaring Back. But Fans Are Reeling From Sticker Shock.' - New York Times (click here to read)
'The Year of the $1,000 Concert Ticket' - Wall Street Journal (click here to read)
'Why are concert tickets so expensive?' - Hypebot (click here to read)
'Live Nation CEO Explains Concert Ticket Prices + Fees, Wants to Fully Implement All-in Pricing' - Loudwire (click here to read)
'The Complicated Formula of Concert Ticket Prices' - Boardroom (click here to read)
Live Nation Entertainment (LYV) and its wholly owned Ticketmaster is desperately trying to preserve its monopoly. On Wednesday, LYV will begin offering one week of $25 concert tickets, but this is total BS and it will outrage the public 100X more when bots buy all of the $25 tickets and they all end up on SeatGeek hours later for $1,000-$5,000 per ticket!
Enough is enough and it's time for a change! MWRK believes that its blockchain-based NFT ticketing platform will help solve America's concert ticket inflation crisis, and many others agree! Sports Illustrated validated MWRK last week when it announced plans for a blockchain-based NFT ticketing platform for sporting events!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from MWRK of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.