Hollywall Entertainment, Inc. (HWAL) forms new Technology Division
Rhea-AI Summary
Hollywall Entertainment (OTC PINK:HWAL) has announced the formation of a new technology division aimed at investing in and acquiring companies in AI, Data Center, Blockchain, NFT, Crypto, IoT, and Fintech sectors. This initiative includes developing proprietary networks that integrate Blockchain and AI technologies and launching a global NFT marketplace for various digital content. The global AI market is expected to surge from USD 387.45 billion in 2022 to USD 1394.30 billion by 2029. Additionally, the Data Center Market is projected to grow by USD 615.96 billion from 2021 to 2026, highlighting significant growth opportunities in the tech space.
Positive
- Formation of a new technology division focusing on high-growth sectors including AI and Fintech.
- Plans to launch a global NFT marketplace, tapping into the expanding NFT market expected to reach USD 211.72 billion by 2030.
- The AI market is projected to grow significantly, providing a favorable environment for HWAL's investments.
Negative
- None.
News Market Reaction – HWAL
On the day this news was published, HWAL gained 6.38%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
WASHINGTON, DC / ACCESSWIRE / March 20, 2023 / Hollywall Entertainment Inc. (OTC PINK:HWAL), a telecommunication, infrastructure, media, technology, broadcasting and entertainment company, announces it has formed a new technology Division, and intends to invest into and acquire operating companies in the AI, Data Center, Blockchain, NFT, Crypto, IOT, and Fintech Industries.
Through the new technology division HWAL, www.hollywall.com intends to complete the development of several proprietary networks that will incorporate Blockchain, AI, Non Fungible Technology, (NFT), cryptocurrencies and tokenomics into the development of the digital networks and marketplace platforms.
Going forward, HWAL looks to launch a new global NFT marketplace for music, film, books, and software games to increase their venue and capitalize on the growing NFT space. https://hollywall.com/hollywall-nft/
The global AI market size is projected to grow from USD 387.45 billion in 2022 to USD 1394.30 billion in 2029 at a CAGR of
The Data Center Market report states. "The data center market size is estimated to grow by USD 615.96 billion from 2021 to 2026, growing at a CAGR of
The global non-fungible token market size is expected to reach USD 211.72 billion by 2030, growing at a CAGR of
The growing use of cryptocurrency globally is also anticipated to drive the growth of the market. This is because cryptocurrency is used by people to purchase digital assets. According to CoinMarketCap, as of February 2022, the total global capitalization of cryptocurrency is USD 1.76 trillion, making it equivalent to the world's 8th largest economy.
Fintech is rapidly reaching new heights as consumers continue to switch over from traditional in-person banking and embrace new solutions such as e-wallets, mobile banking, and cryptocurrency. In fact, in just one year, the fintech market grew from an estimated
About Hollywall Entertainment, Inc.
Hollywall Entertainment, Inc. (OTC:HWAL) is a telecommunications, infrastructure, technology, media, entertainment and broadcasting company.
Learn more at www.hollywall.com.
Instagram :https://www.instagram.com/hollywalltv
Facebook: https://www.facebook.com/HWAL.Hollywall
Twitter: https://twitter.com/theHollywall
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, as such, may involve risks and uncertainties. These forward-looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from those expressed or implied in such forward-looking statements as a result of a wide range of factors.
Hollywall Entertainment, Inc.
202-827-2220
info@hollywall.com
SOURCE: Hollywall Entertainment, Inc.
View source version on accesswire.com:
https://www.accesswire.com/744666/Hollywall-Entertainment-Inc-HWAL-forms-new-Technology-Division
FAQ
What is Hollywall Entertainment's new technology division focused on?
What are the growth projections for the AI market according to Hollywall's press release?
What is the expected growth of the NFT market mentioned in the press release?
How much is the Data Center market projected to grow according to the report referenced by Hollywall?
