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OOOOO Entertainment (TSXV:OOOO) signs license agreement with Shiller to launch social commerce platform for digital assets

Technology
TSXV:OOOO
25 July 2022 10:00 (EDT)

Source: OOOOO Entertainment.

OOOOO Entertainment Commerce Limited (OOOO) has signed a license agreement with Shiller Inc.

Set to officially launch later this year, Shiller is a private U.S. technology company working on a live video and audio technology platform to enable the marketing of digital assets.

Under the agreement and in exchange for a 20 per cent equity interest in Shiller, OOOOO has agreed to grant a perpetual, royalty-free, worldwide exclusive software license to Shiller in its field of business.

OOOOO operates a technology platform that enables retailers, brands, and entrepreneurs to share product-based opinions directly to consumers through live, interactive, shoppable videos. The platform also offers gamification and social features which reward the community for helping to grow the user base, reducing the need for traditional ad networks.

OOOOO Entertainment Commerce Limited (OOOO) is trading at C$0.10 per share as of 10:05 am ET.


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