Net Savings Link Inc. (OTC:NSAV) Stock In Focus After Recent News
As the blockchain and cryptocurrency sectors have grown, investors have increasingly shown interest in stocks related to those. There are a number of companies involved with the sectors that one could consider tracking at this point, and one of those is Net Savings Link Inc. (OTC:NSAV). In fact, on Tuesday, the company was in the news. Net Savings Link, a cryptocurrency, digital asset, and blockchain technology company, provided an update about its path-breaking collaboration with The NOW Corporation yesterday.
The company enumerated its vision for the joint venture agreement. The company noted that the collaboration was a major step pertaining to innovation in the crypto sector and went on to add that it was going on a journey that could revolutionize the entire space. The basis of the venture lay in the creation of the Ethereum blockchain-based ERC-20 token, the company stated. The digital token was underpinned by the net revenue interest of The NOW Corporation in the Vennago County, Pennsylvania-based Glover lease. Net Savings Link asserted that the token represented unlimited potential and major opportunities, which would allow both parties to move into never-before-explored spaces in the crypto industry. The collaboration would include The NOW Corporation’s aim of working with private and commercial wallet platforms to provide secure digital banking solutions.
Net Savings Link also revealed that it was committed to providing legal consultation services and support customized for the crypto industry. In the collaboration, the company stated that it would aim to be fully compliant with the United States Securities and Exchange Commission as well as other relevant regulatory entities. As part of the agreement, Net Savings Link offered The NOW Corporation a non-dilutable 5.2% ownership interest in all of its preferred shares. An additional 19.8% had also been awarded to a pair of visionary BIPOC executives. In the news release, the company stated that its management believed that the venture was monumental and would elevate the profile of Net Savings Link as a power player in the crypto industry.
On October 9, Net Savings Link was also in the news cycle when it announced that it had made significant progress pertaining to TruSAF. That also included a tutorial video, which had been uploaded and could be watched on trusaf.net. Additionally, the company also announced that the TruSAF website had also gone through a significant upgrade, and the improvements would continue as and when necessary.
TruSAF is a path-breaking new crypto-hacking solution. It is the first and only product of its nature, meant to provide the crypto industry with a permanent solution to the hacking menace. The company noted in the news release that TruSAF provided protection through revolutionary advancements in the field of data security technology. The technology helps keep digital assets off the grid while also providing access to them at any point in time. It ought to be noted that in 2022 alone, hacking cost the crypto industry as much as $4 billion.
