MANCHESTER, United Kingdom, July 20, 2022 (GLOBE NEWSWIRE) — NFT Plaza’s leading news and media website, NFT Plazas, today announced that it will expand its media arm through the strategic acquisition of the chain’s first-ever monthly print publication and NFT. magazine, MagNFT.
The magazine was purchased for an undisclosed fee from MagMaster, an NFT veteran and highly respected member of the very first NFT community circles. NFT Plazas now has ownership over all the content that MagNFT has produced over the past couple of years, as well as social media and websites.
MagNFT was founded in 2019 with the first magazine released in December 2019 and minted on Codex. The company has since published 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 have appeared in MagNFT, such as Xcopy, Coldie, Pransky, Trevor Jones, Jose Delbo, Beeple and Alotta Money, just 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 sees us in the fortuitous position of being able to expand NFT Plaza’s brand. We are delighted to have completed the acquisition of MagNFT, and have big plans to build on its reputation and all its achievements to date. – Chris Thomas, founder and CEO of NFT Plazas.
While many companies are announcing downsizing of their operations, such as the recent announcement by OpenSea CEO Devin Finzer that they are reducing their workforce by 20%, NFT Plazas is steadily growing, with the acquisition marking another step forward in its growth strategy.
The media company also launched the world’s first automated metaverse advertising system earlier this year. A first-of-its-kind solution for advertising in the metaverse, helping 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 first chain magazine ever to use the Codex protocol. Over the years, the company has presented the best creators in the industry and created a large network of high-profile collectors.
As the NFT sphere evolved, and the potential to integrate NFTs into a virtual world, many new partnerships developed over time. MagNFT also partnered with Metaverse-Billboard in early 2020 to offer projects and artists the opportunity to rent over 200 billboards in Voxels for visibility and marketing needs.
About NFT Plazas: Founded in 2018, and formerly known as DCL Plazas, NFT Plazas is the number one news site dedicated to expanding the NFT and Metaverse space. Our mission is to spread the word about the associated benefits that come with these exciting new experiences and technologies. NFT Plazas covers gaming, crypto art, collectibles, Metaverse and industry news from around the world.
For more information on NFT Plazas, visit:
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