Lion Group Holding Ltd. (LGHL) has experienced an incline of 5.26% in the aftermarket. However, the last trading session closed at $1.14 with a decrease of 6.56%.
Strategic Partnership with Dawa Future Graphic Technology
LGHL announced its strategic merger with Dawa Future Graphic Technology on 17th August 2021. The two businesses will collaborate to create and develop the Metaverse AI tool – “Cloud Production Platform”. This will develop a new type of digital market and establish a leadership position in the Metaverse field’s construction and growth.
Moreover, Dawa Technology brings together seasoned researchers, developers, artists, and project operation teams to form one of China’s largest communities for VR, AR, and XR developers and content creators. Dawa Technology has created over 100 virtual idols and owns many of China’s most sophisticated digital video studios. It includes Asia’s largest indoor motion capture studio that supports XR shooting.
Furthermore, Dawa Technology owns cutting-edge technology in areas such as virtual idols, virtual reality, virtual production, digital twins, and other virtual technologies, as well as digital avatars, real-time visual effects, and AI creation tools, which are all required advanced technologies and components for Metaverse AI construction.
LGHL Announces Launch of NFT Marketplace – Meta World
LGHL stated on 23rd July 2021 that its subsidiary Lion NFT Limited would launch Meta World. Lion NFT is a British Virgin Islands-based investment and innovation firm that specializes in digital assets. Its parent business has an MSB license from the Financial Crime Enforcement Agency (FinCEN) of the US Treasury Department and an encrypted commodity operating license from the Dubai Multi Commodity Center (DMCC).
In addition, Lion NFT can use these resources to deliver services like digital asset exchange, NFT innovation, issuance, and trading on a worldwide scale while being compliant.
Lion Establishes Lion NFT Limited, Officially Enters the NFT Field
LNGH announced on 13 May 2021 that it has established Lion NFT Limited. Lion NFT is a BVI-based digital asset firm. It focuses on investment and innovation in non-fungible tokens and other digital assets.
Firstly, its parent business has an MSB license from the Financial Crime Enforcement Agency of the US Treasury Department. Secondly, while working closely with Royal Lion Middle East DMCC. Thirdly, it includes the UAE royal family as an investor, Lion NFT engages the world’s leading art galleries and institutions.
Lastly, Lion NFT can use these resources to deliver services like digital asset exchange, NFT innovation, and issuance.