Wormhole Labs Partners with MagicLinks to Provide Safe and Social Shopping During COVID-19 Pandemic
The partnership intends to enable digital monetization of more than 100,000 global retail locations with Wormhole immersive platform
Boustead Securities, LLC (Boustead) client, Wormhole Labs, creator of the Wormhole™ platform, has partnered with MagicLinks, a global leader in social commerce for YouTube, Instagram and TikTok video influencers, to help over 100,000 retail stores, including Target, Sephora, Nike, and Best Buy, monetize through the immersive social platform.
The Wormhole™ Platform, currently in beta release in six continents, creates a living simulation of the real world where people and businesses can teleport, or, 'Wormhole,' as avatars to any location to experience the world like they are physically there. Users can interact, socialize and shop in what is becoming the first consumer-facing instance of the metaverse. Integrating MagicLinks technology, which excels at empowering influencers and creators to share products they love to earn income, try to take the platform to the next level. This partnership may enable the Wormhole™ Platform to feature shoppable links for over 5,000 brands, unlocking an entirely new form of ecommerce, with growth potential.
"Users can now safely shop in an immersive and social manner like they are used to, but without the risks of human contact during this coronavirus pandemic. Even better, friends from multiple locations can shop together live as avatars, and have fun just like they are hanging out together and walking along in person," said Curtis Hutten, CEO and founder of Wormhole Labs. "Through our partnership with MagicLinks, Wormhole may likely help retail locations not only drive sales, but share information and connect with their communities during this tumultuous time. This is a next-level social and e-commerce experience."
"In the broader context of COVID-19, brick-and-mortar retail experiences require innovative solutions to provide consumers with a contemporary and safe way to shop," said Brian Nickerson, CEO and Co-founder of MagicLinks. "We're incredibly excited to collaborate with Wormhole to supply consumers with the necessary tools needed to have a fun and futuristic shopping experience that allows them to virtually connect, regardless of location, while taking the necessary social distancing measures required to defeat the COVID-19 pandemic."
"Wormhole's community uses the immersive social platform to participate in the world like they're actually there," shared Phil Ranta, COO of Wormhole Labs. "Shopping is a huge part of our day-to-day activity. With the lockdowns due to the pandemic, we want to replicate that experience in partnership with MagicLinks."
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About Wormhole Labs, Inc. "Wormhole™ is an evolution of social interaction. Using Wormhole Labs' patented technology, users, companies, and organizations can re-create the world with 360 degree panoramic images using their connected devices, then interact as if they're physically there. By teleporting throughout the world, Wormholers may never be limited by physical distance again. As avatars, they can meet, chat, live stream, watch real-time content, host virtual meetings and concerts, and more. The platform provides 24/7 monetization opportunities for creators who can create a virtual 'clubhouse' for fans to have an immersive community experience and purchase digital and physical items. Brands and small businesses can inspire consumers to visit virtual versions of their locations through coupons, item drops, and virtual-experiential activations like concerts. For more information on brand opportunities and to sign up for the platform, visit: www.wormholelabs.com.
About Boustead Securities, LLC Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information, please visit www.boustead1828.com. About Sutter Securities Group, Inc. Headquartered in Irvine, California, Sutter Securities Group, Inc. (“SSG”), founded in 2013, through its affiliates, is an innovator and investment banking solutions provider. SSG owns and operates Sutter Securities Clearing, LLC, and Sutter Securities Incorporated, FINRA member broker-dealers; Sutter Shareholder Services, LLC, a SEC-registered transfer agent; FlashFunders Funding Portal, LLC, a FINRA member funding portal; and Sutter Securities Group, through its affiliates, operates a U.S.-based online securities platform whose underlying technology and regulatory infrastructure are designed to enable issuers to engage in Regulation D, Regulation A (known as Reg A+), Regulation S, Regulation CF and fully registered S-1 and F-1 Initial Public Offerings in compliance with applicable federal, state and non-U.S. securities laws. SSG is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. Additional information is available at www.flashfunders.com. CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING STATEMENTS This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.