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TAP Real Estate Technologies, Inc., formerly HUMBL, Inc., reports corporate developments tied to its completed name and ticker change and its focus on digital infrastructure for real estate and other real world assets. Company updates have covered real estate tokenization, technology licensing, capital-structure cleanup, settlement agreements, governance changes, and OTC trading status.
HUMBL-related news also includes historical items on restructuring actions, debt and dilution reduction efforts, leadership transitions, and the dismissal of a securities class action. The recurring themes center on the company's transition from a broader technology holding-company profile toward real estate-focused digital asset infrastructure.
HUMBL, Inc. (OTCQB:HMBL) announced a pilot program with the County of Santa Cruz, California, to develop a customized digital wallet for city services. This initiative, approved unanimously by the County Board of Supervisors on April 12, 2022, aims to improve equitable access to services through blockchain technology. The pilot includes essential infrastructure for the wallet, with reporting due by August 9, 2022. Supervisors emphasize its innovative potential, covering a range of services from library cards to permits. HUMBL aims to leverage this program to enhance government-citizen interactions.
HUMBL, Inc. (OTCQB:HMBL) announced the launch of a new NFT by Monty, a multi-platinum hip-hop artist, on April 12, 2022. This NFT drop aims to deliver unique fan experiences, including chances to win merchandise and concert tickets, utilizing music and video from Monty's new track, 'The Reunion'. The NFTs will be verified on the blockchain through a partnership with BLOCKS to ensure provenance. HUMBL's CEO emphasized the company's commitment to transforming fan engagement using blockchain technology.
HUMBL, Inc. (OTCQB:HMBL) announced a significant debt reduction by exchanging $3,176,804.61 in promissory notes for 37,374,172 shares of common stock. This move improves the company's financial standing as it also secured a $1,500,000 investment from Sartorii, LLC, resulting in a cash position of $5,000,000. The note issued to Sartorii carries a 4% interest rate, increasing to 8% in the event of default. CEO Brian Foote acknowledged the importance of reducing debt for the company's future stability.
HUMBL (OTCQB:HMBL) announced the launch of “Project: Search 3,” a blockchain-based Web 3 search engine, during the Latin America Blockchain Accelerator event in Santiago, Chile. Expected to ship in the first half of 2022, Search 3 aims to provide verifiable information and facilitate transactions within the blockchain economy. The initiative is led by HUMBL Blockchain Services and Ixaya, a technology accelerator recently acquired by HUMBL. The company has also filed for a trademark and is pursuing a patent for the technology.
HUMBL, Inc. (OTCQB:HMBL) announced the acquisition of Ixaya Business SA de CV, a Mexican software development firm with over 15 years of experience in various sectors. This deal grants HUMBL access to Ixaya's 35 tech specialists and several software products like yoPago and PetroControl. The acquisition fosters collaboration in North and Latin America, enhancing HUMBL's service offerings. The transaction involved 8,962,306 HUMBL shares and $150,000 in cash. To limit dilution, CEO Brian Foote will cancel a corresponding number of his shares.
HUMBL, Inc. (OTCQB:HMBL) announced the acquisition of BizSecure’s mobile identification and blockchain tokenization platform, alongside its resources. This move establishes HUMBL Blockchain Services™, aimed at delivering blockchain solutions to corporate and governmental clients. The acquisition includes a contract with the U.S. Air Force for mobile identification testing on blockchain technology. BizSecure's partners will receive 13.2 million shares and 26.8 million restricted stock units valued at approximately $6.8 million. To prevent shareholder dilution, HUMBL's CEO will cancel an equivalent amount of his preferred shares.
HUMBL, Inc. (OTCQB:HMBL) announced the suspension of its BLOCK ETX subscription products, with automatic cancellations set for February 18, 2022. All customers will receive refunds for January and February subscription fees. CEO Brian Foote stated that the company's non-custodial subscription services are not considered securities, but the SEC dialogue influenced this decision. HUMBL Financial remains focused on developing future products with clearer regulatory pathways.
HUMBL, Inc. (OTCQB:HMBL) has integrated BLOCKS into its HUMBL Pay mobile wallet, enabling users to buy and send BLOCKS through gasless peer-to-peer transactions. Customers can purchase BLOCKS using ACH, credit, or debit cards directly in the app. CEO Brian Foote emphasized the importance of mobile wallets in the blockchain era. HUMBL is also developing features for users to receive BLOCKS from external wallets and swap with other digital assets like Bitcoin and Ethereum.
HUMBL, Inc. (OTCMKTS:HMBL) has officially moved to the OTCQB Venture Market, effective January 14, 2022. This transition, approved by OTC Markets Group, signifies the company's compliance with enhanced listing requirements. CEO Brian Foote highlighted that this achievement reflects the hard work of the HUMBL team and marks a pivotal milestone for the firm's future. HUMBL specializes in consumer blockchain solutions across mobile payments, ticketing, NFTs, and real estate.
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