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LiveOne to License Trader2b Technology to Gamify Platform.

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Vincent

MANews-(C)2009-2022

US-based livestream and on-demand audio, video and podcast/vodcast content platform LiveOne (NASDAQ: LVO) has entered into a binding letter of intent with trading platform Trader2B to exclusively license to use and integrate Trader2b's technology and platform in all music categories in order to gamify LiveOne's platform and user experience, the company said.

LiveOne also geta an exclusive option to purchase Trader2b's business or its assets and operations within 180 days of the gamified platform's release by LiveOne.

This proposed acquisition is the 8th acquisition for LiveOne and is subject to customary and other closing conditions.

The new platform on LiveOne, which will kick off with 25 music-related stocks, crypto, coins, and NFTs and will engage consumers, drive memberships and gamify trading where users can win prizes from LiveOne's subsidiaries and partners based on their trading skills, such as Teslas, LiveOne Founder coins, live experiences, subscriptions, merchandise and more.

The platform will also include specific additional features to drive LiveOne memberships and enhance users' gamified experience.

As part of the exclusive license, the parties agreed to split net revenues of the gamified platform prior to the consummation of the proposed acquisition, and that LiveOne shall not be responsible for any set up, initial, maintenance or any other costs to operate the gamified platform.

LiveOne made history in 2021 with the launch of the first-ever NFT music festival poster for its global streaming event Music Lives, and again, as the first-ever pay-per-view...

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