The company will begin offering Non-Fungible Tokens (NFTs) to maximize the value of original media content
Hall of Fame Resort & Entertainment Company (“HOFV” or “Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company focused on the power of professional football, announced today that it has signed a partnership with Dolphin Entertainment , Inc. (NASDAQ: DLPN), a leading independent entertainment marketing and premium content development company, offers non-fungible tokens (“NFTs”) that will allow professional football and sports entertainment fans to buy and sell exclusive content developed by HOFV and its partners. The partnership offers the company another way to generate revenue from its expanding media division.
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“We are excited to partner with Dolphin, an emerging thought leader in the NFT market, to accelerate our entry into the market,” said Michael Crawford, president and CEO of HOFV. “The significant progress we’ve made in our strategic initiatives since going public in July 2020 has allowed us to be in a position where we can offer individuals the opportunity to own NFTs associated with original content centered on professional football. This partnership will provide us with another opportunity to release additional value from the unique media projects we have in development. “
HOFV’s entry into the NFT space is a reflection of the overwhelming demand for this relatively new form of art and digital media purchase. HOFV expects its first NFT offering to be connected to its Heisman 2 Hall (“H2H”) platform, created in partnership with Elite Team Holdings, LLC, which represents the exclusive group of only 10 athletes who won a Heisman Trophy and were introduced to the Professional Football Hall of Fame.
Crawford continued: “Focusing on this space at a time when NFTs are growing in popularity demonstrates our company’s ability to leverage direct access to exclusive content and a robust channel for brands and intellectual partnerships.”
Bill O’Dowd, Dolphin’s CEO, said: “HOFV is a leader at the crossroads of professional football and entertainment, making them a perfect first partner for Dolphin’s new NFT division. The best Dolphin-class entertainment marketing companies and the ability to design, produce, launch and promote NFTs will provide tremendous value for this powerful partnership. We are excited to collaborate with HOFV and its partners in the creation and commercialization of collectible digital NFTs sought after for the vast base of sports fans. “
About Hall of Fame Resort & Entertainment Company
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company that harnesses the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village, developed by Johnson Controls, a multipurpose destination for sports, entertainment and media centered on the Professional Football Hall of Fame campus. Additional information about the Company can be found at www.HOFREco.com.
About Dolphin Entertainment, Inc.
Dolphin Entertainment is an independent leader in entertainment marketing and premium content development. Through our subsidiaries 42West, The Door and Shore Fire Media, we provide specialized strategic marketing and advertising services for many of the top brands, both individual and corporate, in the film, television, music, games and hospitality sectors. Viewpoint Creative and Be Social complement their efforts with full-service creative production and branding capabilities, as well as social media and influencer marketing services. Dolphin’s legacy content production business, founded by Emmy-nominated CEO Bill O’Dowd, has produced several award-winning digital films and series.
Forward-Looking Statements
Certain statements made in this document are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act 1995. Forward-looking statements can be identified by the use of words and phrases such as “opportunity,” ” future, “” will “,” goal “and” look ahead “and other similar expressions that predict or indicate future events or trends or that are not statements of historical issues. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, which may cause actual results or outcomes for differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of the business combination; costs related to the business combination; the inability to obtain or maintain a listing of the Company’s shares on Nasdaq; the company’s ability to manage growth; the company’s ability to execute its business plan and fulfill its projections; potential litigation involving the Company; changes in applicable laws or regulations; general economic and market conditions that affect demand for the Company’s products and services, and in particular economic and market conditions in the resort and entertainment industry; the potential adverse effects of the ongoing global coronavirus pandemic (COVID-19) on the capital markets, general economic conditions, unemployment and liquidity, operations and company personnel, as well as the risks and uncertainties discussed from time to time in our reports and other public filings with the SEC. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Contacts
Media / investor contacts:
To Hall of Fame Resort & Entertainment Company
Media inquiries: [email protected]
Investor inquiries: [email protected]
For Dolphin Entertainment, Inc.
Investor inquiries: James Carbonara, [email protected]