SCOTTSDALE, AZ / ACCESSWIRE / September 29, 2022 / Today, FBC Holding, Inc. (OTC PINK:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc. is pleased to announce that the company has launched its NFT project.
Link to website: https://thuggybunniez.io/
Formrunner Apparel Inc. has been working hard for the past couple of months to get everything set up in the NFT & Metaverse space, and the company has finally launched its exclusive collection. President and CEO Lisa Nelson states “Each Thuggy Bunny NFT will cost approximately 0.02 Ethereum excluding gas fees and there will only be 100 available varying in rarity!” Lisa Nelson also states, “By joining our community, people will have access to exclusive items vIRL (both physical and digital), discounts, and a bunch of other surprises in the Sandbox once the development of our virtual clothing store is complete!” These NFTs (non-fungible tokens) will be available on the secondary markets for purchase and will have an unveiling once all 100 have been purchased.
NFTs are digital representations of assets created and stored using blockchain technology. Each NFT has a unique identification code that distinguishes it from other NFTs and prevents replication. Each NFT is also expandable, meaning it can be combined with another NFT to form a third, completely unique NFT. NFTs can be created for anything that can be converted to a digital format. Much of the movement in the space involves the storage and sale of digital art and sports memorabilia, but any static image, video clip, audio or text can be digitized and potentially monetized. The global non-fungible token market size was valued at USD 15.54 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 33.9% from 2022 to 2030.
Millions of gamers around the world buy accessories, clothes and skins (graphics that change the appearance of an object in a video game) for their digital avatars. In fact, Ralph Lauren attributed some of its strong third-quarter earnings to these virtual investments and the younger generation of customers it has attracted. The total gaming market was valued at 173 billion dollars in 2021. Other companies such as Nike, Adidas and Vans World are now betting that there is room for even more growth, and that games will become just one component of a more far-reaching metaverse. And as the virtual world expands, more people are delving into computer-simulated online communities that recreate the real world. The fashion industry thinks it may have found its next pot of gold there. Already, customers can dress up their avatars for virtual worlds such as Horizon Worlds and Decentraland. But virtual fashion isn’t limited to avatars. You can wear virtual garments in Snapchat or Zoom meetings or pose with them for photos for social media feeds. You can show up to a work meeting in a black dress when in reality it’s just a t-shirt; or post a photo on Instagram of a luxury jacket that was never touched in real life. Virtual fashion is sold in a variety of ways: from gaming platforms and digital images to videos using augmented reality. The fashion market metaverse is poised to grow by USD 6.61 billion during 2022-2026, accelerating at a CAGR of 36.47% during the forecast period.
Streetwear is one of the most striking retail and fashion trends to emerge in recent years, involving the production, promotion, sale and resale of casual fashion – footwear, T-shirts and other items – in ways that bypass traditional retail channels. Customers are often mobilized via social media to be the first to buy products that are only available directly from the brand, either in store or online. The expectation of a limited-time chance to buy helps create a close-knit and almost cult-like relationship between streetwear brands and their consumers. This has helped propel streetwear from being an eye-catching fashion phenomenon that took its inspiration from the countercultures of the 1980s and 1990s – including graffiti, hip-hop, skate and surf – into a multi-billion dollar retail market.
Formrunner Apparel Inc. has built its reputation by delivering both quality and value in apparel to become one of the most respected and trusted names in retail. Our customers admire our selection of high-end clothing, first-class customer service, competitive prices and easy payment options. Since Hyperviolent first opened, Formrunner Apparel Inc. has been able to establish valuable long-term relationships with customers and distributors.
About Formrunner Apparel Inc.
Formrunner Apparel Inc. is an owned subsidiary of FBC Holding, Inc. Formrunner Apparel Inc. has a variety of premium Streetwear & Accessories found in Scottsdale, Arizona. Formrunner can be viewed and purchased on the Company’s website at www.formrunnerapparel.com
Formrunner Apparel Inc’s main website at www.formrunnerapparel.com
Twitter: https://www.twitter.com/FormrunnerTM
Instagram: https://www.instagram.com/Formrunner
Instagram (Mall Location): https://www.instagram.com/Hyperviolentaz
Hyperviolent main website https://www.hyperviolent.com
IR connector: [email protected]
Forward-looking statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See FBC Holding, Inc.’s filings with OTC Markets, which may identify specific factors that could cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflect management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results or events to deviate significantly from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will deliver the expected benefits; increasing competition; availability and capital costs; the ability to identify and develop and achieve commercial success; the level of expenditure necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights and tax matters; or other conditions that are not expected; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statement.
SOURCE: FBC Holdings, Inc.
