Scienjoy announces strategic partnership to create NFTs and live broadcasts for young artists around the world

BEIJING, July 7, 2021 / PRNewswire / – Scienjoy Holding Corporation (“Scienjoy”, the “Company”) (NASDAQ: SJ), a leading mobile live entertainment streaming platform in China, today announced that it has entered into a strategic partnership with the Global Friendship Exchange Foundation (“GFE Foundation”), a US-based non-profit organization dedicated to supporting young artists around the world. The partnership will help young artists sell non-fungible tokens (NFTs) from original artwork on various platforms and establish a live streaming studio in New York City.

Through this partnership, Scienjoy will support the artists of the GFE Foundation network in their efforts to create NFTs from original works of art or music for sale and promotion on various platforms, galleries and exhibitions. NFTs are one-of-a-kind tokenized digital assets that are tracked by blockchain. Technology allows artists to create unique artwork tokens, making it possible to buy and sell virtual artwork in the same way as physical property. For young artists – who often struggle to place works of art in galleries under normal conditions – reaching art collectors has become an even greater challenge during the pandemic due to gallery closures and the social distancing. Creating artwork through NFTs offers young artists an alternative route to sell artwork directly online and build a community of fans, all with safeguards against digital art duplication.

“Exploring innovative forms of art and entertainment NFT is part of Scienjoy’s DNA as a leading platform for live video entertainment. Through this cooperation, we hope to help young artists reach collectors and fans with our diverse ecosystem of 250 million global users. underscores our commitment to nurturing creators and elevating our content offering, ”said Mr. Victor He, Chairman and CEO of Scienjoy.

In addition to innovating with NFTs, the partners will open a live video streaming studio at new York for young artists. The studio will allow them to connect with the Scienjoy live entertainment ecosystem and live stream their creative process, engage with fans and collectors, and sell and exhibit NFT artwork. During the pandemic, musicians and artists have switched to live streaming platforms to engage with fans and collectors and monetize music and works of art in new ways. With this new live broadcast studio, Scienjoy and the GFE Foundation aim to provide young artists with the education, tools and support needed to easily start a live broadcast channel and establish an online presence.

Helen back, Director of the GFE Foundation, commented: “We are delighted to partner with Scienjoy to help young artists enter the NFT art market and establish the live broadcast studio at new York. With our network of artists, collectors, curators and art galleries, we hope to offer Scienjoy greater diversity on its entertainment platform. ”

The partners look forward to many future projects and hope to empower young artists to equip themselves with new technologies such as live streaming, NFTs and more. Scienjoy has long been committed to developing new forms of entertainment and new technological applications. Using artificial intelligence (AI) and augmented reality (AR) technologies, Scienjoy in 2020 built fully immersive and gamified live broadcast virtual reality worlds for users to explore, with plans for expansion in 2021. This immersive VR-based gaming experience has transformed the live streaming experience. and users and broadcasters connected to play games and interact in virtual worlds. Scienjoy was also an innovator in NFTs and became one of the first live streaming platforms on the continent. China to adopt NFT technology when launching its first NFT series in April 2021. Scienjoy live broadcasters are able to create their own NFTs on Scienjoy’s platform, allowing users to bid for NFTs using the points earned through the loyalty and rewards system.

About Scienjoy Holding Corporation:

Founded in 2011, Scienjoy is one of the leading mobile live streaming platforms in China, and its main mission is to create a matrix of live streaming services that provides enjoyable experiences for users. With around 250 million registered users, Scienjoy currently operates four brands of live streaming platforms, including Showself, Lehai, Haixiu and BeeLive (including Mifeng [Chinese version] and BeeLive International [international version]). Scienjoy adopts cross-platform operating strategies and is committed to providing high-quality, value-added services to users with innovative thinking. Based on extensive knowledge and research of the live streaming industry and user behavior, Scienjoy is dedicated to creating fully immersive virtual reality worlds in which the virtual world and reality are integrated into the live broadcast scenario, deeply integrating the industry through diverse live broadcast scenarios. , and empower the industry by creating a complete live streaming ecosystem rich in content and dynamic. For more information, please visit http://ir.scienjoy.com/.

About the Global Friendship Exchange Foundation:

The Global Friendship Exchange Foundation (“GFE Foundation”) is a US registered 501 (c) (3) nonprofit organization with a presence throughout the United States. The mission of the GFE Foundation is to support young artists from all over the world. To this end, the GFE Foundation creates opportunities, platforms and events to support young artists. Above all, the GFE Foundation seeks to support all kinds and forms of art with a platform to help artists bring value to the world.

Safe Harbor Declaration

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates” , “Forecast,” “expects”, “anticipates”, “anticipates”, “anticipates”, “intends”, “believes”, “seeks”, “may”, “will”, “should” , “future”, “proposes” and variations of such words or expressions (or negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of performance, conditions or future results, and involve a number of known and unknown risks, uncertainties, assumptions and other significant factors, many of which are beyond the control of the Company, which could cause results to differ materially from those mentioned in ns forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to secure additional funding in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; disputes concerning patents, intellectual property and other matters; potential changes in the legislative and regulatory environment; a pandemic or an epidemic. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those described in more detail in the documents filed by the Company with the Securities and Exchange Commission (“SEC”) from time to time. The Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. This information is only valid as of the date of this press release.

Media relations

Greta Bradford
ICR inc.
+ 86-178-88828731
[email protected]

Investor Relations Contacts
Ray chen
Vice-President, Investor Relations
Scienjoy Holding Company
+ 86-010-64428188
[email protected]

Robin yang
ICR LLC.
+1 (212) 537-9254
[email protected]

SOURCE Scienjoy Holding Corporation

About Margaret L. Portillo

Check Also

HOPE Annual Luncheon in Honor of Gold Medalist and Mental Health Advocate Michael Phelps

The nation’s leading nonprofit dedicated to advanced research on depression, Hope for Depression Research Foundation …

Leave a Reply

Your email address will not be published. Required fields are marked *