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MetaWorks Platforms Inc (OTCMKTS:MWRK) Stock In Focus After Recent News

Ian Leigh , , , ,

The award winning Web3 company MetaWorks Platforms Inc (OTCMKTS:MWRK) is involved in the operation and ownership of blockchain platforms dedicated to the entertainment industry.

Trading Data

On Tuesday, MWRK stock decreased 11.18% to $0.0755 with more than 389.58K shares, compared to its average volume of 108.42K shares. The stock moved within a range of $0.0730 – 0.1050 after opening trade at $0.1020.

MetaWorks to Launch New Blockchain Based NFT Ticketing Solution at Breathe Convention in Las Vegas

Yesterday, the company came into focus after it announced that it was going to launch the platform WalletFX, the first version of the blockchain powered NFT event ticketing system and decentralized wallet. The launch would be made at the Breathe Convention in Las Vegas, which is going to be held from September 13, 2023 to September 15, 2023. The President of the company Scott Gallagher spoke about the company’s decision to get into the ticketing space yesterday.

He noted that ticketing was one of those areas in which the major problems could be tackled through the deployment of properly deployed technology. Smart Contracts, NFTs and Blockchain can be deployed in the right manner could help in completely removing the problems of pricing problems and also the scourge of scalping.

These are problems which exist currently due to the contemporary systems which are in place for ticketing. The purchasing friction could be removed entirely through the use of the right technology and Web3 would ensure that the transactions are completed quickly.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.