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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

NSAV ANNOUNCES STRATEGIC PARTNERSHIP WITH LUXFI TO PROVIDE LUXURY BRANDS WITH NFT’S

August 30, 2021 GMT

London, England, Aug. 30, 2021 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced a collaboration with LuxFi ( https://luxfi.io/ ) to launch a real-world luxury asset-backed NFT (non-fungible token) marketplace, which will work directly with retailers and professional experts to eliminate counterfeit items while minting NFTs on a multi-chain blockchain network, and provide accurate NFT pricing that is backed by real-world data for each NFT. Today’s announcement reflects the explosive growth and expanding applicability of the NFT marketplace sector. According to NonFungible.com, over $2 billion was spent on non-fungible tokens during the first quarter of 2021 — an increase of about 2,100% from Q4 2020 and already far surpassing the total $250 million NFT market in 2020.

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The management of NSAV believes that now is the perfect time to expand into the NFT market. As an accelerator and solutions provider to the cryptocurrency, blockchain and digital assets industry companies; NSAV is glad to join LuxFi in engaging multiple applications to LuxFi’s NFT marketplace. NSAV will use its resources to support LuxFi in becoming a leader in the real-world luxury asset backed NFT Marketplace. LuxFi is targeting real-world luxury assets that hold value well, including but not limited to art pieces, diamonds, luxury watches and branded bags.

NFTs have shaken the world of Art. As the global sales of art and antiques reached an estimated $50.1 billion in 2020 - with online sales reaching record highs and doubling in value - the art sector is one potential industry, NSAV and LuxFi are willing to explore more together by way of partnership. By creating an extensive hub of major players internationally in the industry, NSAV will help LuxFi to become a dominating force in the art industry, and both parties will form a consortium for upcoming projects.

LuxFi is launching the world’s first real-world asset backed NFT marketplace for luxury assets. Users can use the NFT Marketplace to buy, sell and invest into luxury assets. One of the main features in the platform is the possibility to use cryptocurrencies or traditional payment methods to buy and sell luxury assets. We work directly with retailers and professional experts to eliminate counterfeit items while minting NFTs on a multi-chain blockchain network and provide accurate NFT pricing that is backed by real-world data for each NFT on the platform.

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LuxFi has an extensive network of brands and retailers. Our data intelligence system is collecting real-world data from global retailers and social media channels to provide accurate pricing that benchmark against global trends. Fingerprint technology is used to tie the real-world asset with its virtual NFT on the blockchain. The product fingerprint is unique for each item.

Last week, NSAV announced its plan to launch a Premium OTC Crypto Trading Desk by mid-September. NSAV’s OTC Desk will offer private and personalized service to institutions and high net-worth individuals that trade large blocks of cryptocurrency. OTC Crypto Trading Desks offer increased liquidity (without slippage), price protection, anonymity, Fiat support, unlimited purchases and the purchase of rare tokens, which are not available on exchanges. NSAV’s OTC Desk will provide its clients with execution and settlement services that are secure, competitive and discreet. Today, nearly all major crypto exchanges have their own OTC Desk. Kraken https://www.kraken.com/ , in 2019, acquired major OTC Crypto Trading Desk, Circle Trade, and is now one of the world’s leading OTC Crypto Trading Desks. The Company’s management believes that having its own OTC Crypto Trading Desk will be a huge benefit to NSAV and all of its shareholders, as it ascends to the next level.

Aidaa Wong, Founder and CEO of LuxFi, stated, “Our mission is to unlock the true value and increase the liquidity of the real-world luxury assets through blockchain technology. I believe LuxFi will bring revolutionary changes to the luxury industry.” 

Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “NSAV has the capability, resources, and a team of professionals to support LuxFi in becoming the leading real-world asset-backed NFT Marketplace for luxury assets. We believe the market potential is tremendous and we are looking forward to working with LuxFi to bring solutions and the  address challenges in the NFT industry.”

About NSAV:

NSAV Holding’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.

For further information, please contact NSAV at info@nsavholdinginc.com

The NSAV Twitter account can be accessed at https://twitter.com/nsavtech  

The NSAV corporate website can be accessed at http://nsavholdinginc.com  

About LuxFi:

LuxFi is a real-world luxury asset backed NFT marketplace, leveraging on our big data intelligence system and unique algorithm for automated data collection and data processing. We eliminate counterfeiting while minting an NFT on our multi-chain blockchain network and provide accurate NFT pricing that is backed by real-world data.

To know more about LuxFi’s mission, check our social media channels listed below.

Website: https://www.luxfi.io

Twitter: https://twitter.com/luxfiofficial

Telegram Official Group: https://t.me/Luxfiofficial

Telegram Announcement Channel: https://t.me/luxfinews

Medium: https://luxfiofficial.medium.com

Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.

Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/

Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.

This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.

Contact
Net Savings Link, Inc.
info@nsavholdinginc.com

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