Blockchain
UA Multimedia Provides Corporate Updates and Announces Near Term Cryptocurrency Business Plan
Irvine, California–(Newsfile Corp. – March 15, 2021) – UA Multimedia, Inc. (OTC Pink: UAMM), a holding company and solution provider in the area of blockchain, cryptocurrency, fintech and decentralized finance, is pleased to provide corporate updates and announce near term cryptocurrency business plan.
General Corporate Update
Due to the unfriendly cannabis business environment in the past few years, the Company pivoted to blockchain technology in late 2019 and set it as the focus going forward. Due to the business disruption caused by the COVID-19 pandemic in early 2020, UA Multimedia’s operation has been minimal until late last year.
To position for organic and external growth via mergers and acquisitions, management had filed all the late periodic reports and brought the Company current with OTC Markets. In addition, it has secured and cancelled 70M restricted shares of its Common stock, reducing the total outstanding shares by 19% to 305.6M.
The Company has experienced healthy growth in the cryptocurrency segment since Q4 of 2020. Transactions related to Bitcoin have been steady and are expected to remain so for the foreseeable near future.
The Company is in negotiation to acquire a controlling interest in a small crypto exchange. More details about the acquisition will be provided once the transaction has been consummated.
Among other to be announced corporate updates, the Company aims to fulfill all requirements and uplist to OTCQB as soon as practicable.
Blockchain Solution Provider
UA Multimedia together with its technology and business partners is a solution provider for a wide range of digital asset applications.
On the technology front, the Company offers full cycle development services of blockchain applications related to token creation, smart contract, fintech and decentralized finance (DeFi). The tokens and alt-coins created will primarily be for the Ethereum blockchain using the ERC-20 standard for fungible tokens and ERC-721 or ERC-1155 for nonfungible tokens.
On the business front, the Company offers to assist with token listing, marketing and capital raising. All token sales will comply with the appropriate regional’s required regulations.
Business Opportunities and Product Development
In addition to technical consulting services, the Company is considering a number of other revenue streams related to DeFi such as swapping, staking and yield farming. The Company is also considering to develop platforms for these services sometime in the future.
Nonfungible tokens (NFT) have recently emerged as a disruptive blockchain application for creators and collectors of digital works of art. Creators of digital arts or media contents can now sell their collectible or limited edition work by representing them with NFTs and sell them on various marketplaces.
As part of a media and technology company, UA Multimedia plans to acquire and resell various digital collectibles via NFTs. In addition, the Company is evaluating the business case of developing its own NFT marketplace similar to OpenSea or Rarible.
The Company also sees many other viable applications for NFTs and plans to explore them in the near future.
Other Updates
After some years of unfriendly cannabis environment, the sector is showing signs of revival under the new administration. The Company has a couple of cannabis projects that have been placed on hold that it considering to revamp should it see more favorable developments in the sector. New development on these projects could be coupled with blockchain or cryptocurrency for added functionality and values.
To incentivize its users and affiliates with various engagements, the Company plans to create utility or security tokens as part of the new projects under consideration. More details regarding the projects will be provided as business develops.
“The recent rise in cryptocurrency momentum in general and Bitcoin in particular have presented a wide variety of business opportunities for UA Multimedia,” stated Michael Lajtay, interim Chief Executive Officer. “If properly implemented, applications using blockchain and Ethereum can disrupt many existing ways we currently conduct businesses. Our goal is to improve functionality and create values by exploiting these technologies,” continued Lajtay.
About UA Multimedia, Inc.
UA Multimedia, Inc. is a solution provider specializing in blockchain, cryptocurrency, fintech and decentralized finance (DeFi). It is also a holding company seeking to acquire domestic and foreign entities who are in the same space.
Company website: http://www.uammedia.com
Facebook: https://www.facebook.com/uamultimedia
Twitter: https://www.twitter.com/uamultimedia
Forward Looking Statements:
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the Company and its management team. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management’s control. UA Multimedia, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Contact
UA Multimedia, Inc.
Investor Relations
949.229.1208
[email protected]
In an era defined by rapid innovation and regulatory shifts, today’s blockchain briefing spotlights five pivotal developments: enterprise-grade data integration, municipal crypto pilots, state-level policy hearings, AI-powered token growth, and secure communications on a public ledger. Across these stories, three key trends emerge:
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Enterprise Adoption & Data Integration
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Government Experimentation & Oversight
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AI & Security Innovations in Crypto
Below, we dissect each story’s essence, unpack its broader implications, and offer opinion-driven insight for Web3 stakeholders.
1. Space and Time Joins Forces with Microsoft Fabric
Source: Chainwire / The Defiant
On May 20, 2025, Space and Time Labs (SXT)—a zero-knowledge data platform backed by Microsoft’s M12 Ventures—announced integration of its multichain index (Bitcoin, Sui, Ethereum) into Microsoft Fabric’s OneLake environment. This partnership delivers real-time, verifiable blockchain data directly within Azure, enabling developers and enterprises to build data-driven Web3 and AI applications without custom pipelines.
Opinion: Embedding verifiable on-chain data into mainstream analytics tools marks a watershed moment. As traditional enterprises crave decentralized insights, Fabric’s native access to SXT’s ZK-proven data could accelerate blockchain analytics, foster hybrid cloud-Web3 solutions, and reduce vendor lock-in. Expect more legacy tech giants to pursue similar alliances.
2. New York City Eyes Crypto for Taxes & Records
Source: DL News
Mayor Eric Adams revealed plans to form a Digital Assets Advisory Council to explore crypto-based payments for municipal services, including taxes, birth/death certificates, and land records. While specifics remain under wraps, Adams highlighted zero-knowledge proofs as a privacy-preserving tool for public documentation on distributed ledgers.
Opinion: New York’s initiative signals growing municipal appetite for blockchain beyond investments. By potentially accepting tax payments in crypto and securing vital records on-chain, NYC could pioneer use cases that blend transparency with privacy. However, pilot programs must rigorously address volatility, regulatory compliance, and digital inclusion to avoid disenfranchising underserved communities.
3. Wyoming Committee Explores Blockchain, AI & Right-to-Repair
Source: Wyoming Public Media
During its first interim meeting (May 14–15, Jackson Hole), Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation reviewed the state’s proposed Wyoming Stable Token—tethered 1:1 to USD—and examined AI governance and right-to-repair legislation. The Stable Token Commission anticipates a July 4 alpha launch, while lawmakers debated CBDC distinctions, tokenized real-world assets, and consumer repair rights.
Opinion: Wyoming continues to cement its reputation as a blockchain haven. Explicit carve-outs distinguishing stablecoins from CBDCs, coupled with regulatory sandboxes for AI and repair laws, underscore a holistic approach to innovation. Other states should monitor Wyoming’s alpha testing outcomes to inform balanced policy frameworks that nurture Web3 while safeguarding consumer interests.
4. AI Tokens Surge in Crypto’s New Tango
Source: The Economic Times
Himanshi Lohchab reports that AI-centric utility tokens—built to autonomously execute services like compute renting (Render), predictive analytics (SingularityNET), and data marketplaces (Ocean Protocol)—have seen market caps soar from $2.7 billion to nearly $30 billion within a year. Key players include Near Protocol’s AI modules, ICP, The Graph, and emerging AI agents that generate revenue per usage. Institutional interest from Grayscale, BlackRock, and Fidelity further validates the trend.
Opinion: The AI-blockchain convergence is no fleeting fad. AI tokens promise programmable revenue streams and decentralized toolchains, but they also introduce autonomous risk vectors—buggy smart contracts, accountability gaps, and regulatory ambiguity. Security audits, standardized interoperability protocols, and clear legal frameworks will be crucial to sustain investor confidence.
5. BSV Association Selects Binarii Labs for Secure Communications
Source: CoinGeek (via PRNewswire)
The BSV Association has designated Binarii Labs to implement BinariiDSM, an encrypted file exchange and messaging suite that logs proofs of record on the BSV blockchain. This integration ensures immutable audit trails, data resilience, and end-to-end confidentiality for enterprises seeking verifiable trust without centralized intermediaries.
Opinion: As data privacy regulations tighten globally, blockchain-anchored communication platforms like BinariiDSM offer a compelling alternative to legacy VPNs and secure email. By immutably recording metadata on-chain, organizations can demonstrate compliance, simplify audits, and deter insider threats. Look for BSV’s secure-messaging model to inspire similar offerings on other smart-contract platforms.
Conclusion: Navigating a Dynamic Blockchain Frontier
Today’s stories reaffirm that blockchain is no longer an experimental niche—it’s permeating analytics, public services, legislative agendas, tokenomics, and secure communications. To thrive:
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Forge Strategic Alliances: Enterprises should partner with ZK and data-fabric innovators to embed blockchain insights into their analytics stacks.
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Pilot Pragmatically: Municipalities must balance visionary crypto use cases with compliance, volatility management, and equitable access.
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Craft Balanced Policy: States can emulate Wyoming’s sandbox approach—distinguishing stablecoins from CBDCs, while addressing AI and repair rights.
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Secure the Autonomous Agent Era: As AI tokens multiply, enforce rigorous security audits and interoperability standards.
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Leverage On-Chain Trust: Consider blockchain-anchored communications for immutable audit trails and enhanced data resilience.
By embracing these actions, organizations and policymakers can harness blockchain’s transformative power while mitigating emerging risks.
The post Blocks & Headlines: Today in Blockchain – May 21, 2025 appeared first on News, Events, Advertising Options.
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