Launching later this year, new subsidiary Profitable Developments Inc. will provide ticketing services for XR and IRL events of all kinds, enabling crypto payments, NFT integrations and 360 streaming; Roadmap includes IEO, DAO and simultaneous in-person/metaverse event streaming solutions
Los Angeles, California, May 10, 2022 (GLOBE NEWSWIRE) — Profitable Developments Inc. (OTCMKTS: PRDL) announced the formation of CryptoConcerts Inc., a crypto-optimized event solution for ticketing, NFT integrations, and more for in-person and virtual events in the metaverse. The announcement was made by the founder David Howard Weaver and co-founder Joe Wallace.
CryptoConcerts is set to launch later in 2022 with a ticketing platform capable of handling both crypto and traditional payments. It will also provide services for ticket and event related NFTs, and other broadcast and distribution media for XR/Metaverse events. In 2023, CryptoConcerts will launch an Initial Exchange Offering (IEO) with its own token called CC Coin, and a Decentralized Autonomous Organization (DAO) to incentivize ticket buyers to engage with the new coin. CryptoConcerts will also provide streaming and ticketing services for the future hybrid in-person and metaverse event sector.
The founders have extensive experience in live events and emerging technologies. Weaver has worked with both live music and sports with projects involving NASCAR, Snoop Dogg, Kid Rock, USA Ski and NCAA Football. Wallace is an angel investor and entrepreneur who is also the CEO of Illusion Entertainment Group and Drinq Budz and was instrumental in the successful global launch of the Proto hologram which has worked with all major sports leagues and celebrities like Sean “Diddy” Combs and Migos.
About CryptoConcerts Inc.
CryptoConcerts Inc., a subsidiary of Profitable Developments Inc. (OTCMKTS: PRDL), was founded in 2022 by David Howard Weaver and Joe Wallace. The company will lead the live events and XR industries in optimizing crypto payments, NFT integration and hybrid metaverse event streaming – creating enhanced entertainment options for consumers, new categories of opportunities sponsorship for brands and new revenue streams for artists, teams and events. stakeholders of all kinds. More information on CryptoConcerts.com.
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