HUMBL CEO brings 100 million BLOCKS to HUMBL balance sheet


San Diego, California, May 17, 2022 (GLOBE NEWSWIRE) — HUMBL, Inc. (OTCQB: HMBL) today announced that CEO, Brian Foote contributed 100 million BLOCKS to the HUMBL balance sheet for use in blockchain pilot programs, employee compensation and more.

“As we enter Web 3, the tokenized economy, it will be important for customers to begin to distinguish the differences in blockchain-based digital assets,” said Brian FooteCEO of HUMBL. “We believe hybrid blockchain tokens like BLOCKS, virtual currencies like Bitcoin, stablecoins like USDC, and central bank digital currencies like Digital Yuan will all play different roles in Web 3 wallets and web platforms.”

BLOCKS was created as 3 hybrid web tokens that can accommodate a variety of blockchain use cases and tokenized pilot tests, ranging from mobile wallets, verifiable credentials, NFT verification, DAO management and Moreover.

“As has been reported in the financial media, the new generation of tech workers are also increasingly demanding to be paid in decentralized digital assets, such as Bitcoin,” Foote continued. “It’s no different to HUMBLwhere some of our younger employees request that part of their compensation be paid in BLOCKS.

BLOCKS will be saved as an asset on the HUMBL balance sheet, with an approximate value in fiat currency of $700,000 (USD) to 6:00 a.m. PST on May 16, 2022.

On HUMBL

HUMBL is a consumer blockchain web3 platform with consumer and commercial divisions.

About BLOCKS

BLOCKS are hybrid, decentralized Web 3 blockchain tokens that are used for both blockchain governance and voting, as well as blockchain use cases such as mobile wallets, credentials verifiable, NFT verification, etc.

BLOCKS DAO is one of the first legally registered DAOs in United Stateswhose registered office is based in Wyoming. DAOs are decentralized, autonomous organizations that are typically self-governed and run by token holders through blockchain-based voting.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words “may”, “will”, “should”, “plan”, “expect”. to, “plans”, “continues”, “estimates”, “plans”, “intends” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company’s ability to successfully execute its broader business strategy, including entering into definitive agreements with suppliers, business partners and customers; general economic and business conditions, the effects of continuing geopolitical unrest and regional conflict, competition, changes in technology and marketing methods, delays in the completion of various engineering and manufacturing programs, changes in customer ordering patterns, changes in product lineup, continued success in technical advancements and delivery of technological innovations, component shortages, production delays due to performance quality issues with components outsourced, regulatory requirements and the ability to comply with them, governmental agency rules and changes, and various other factors beyond the Company’s control.

CONTACT:
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Source: HUMBL, Inc.

2022 GlobeNewswire, Inc., source Press Releases

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