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Flash Sports issues $506K stock plus 20% of FLASH TOKENs for blockchain network development deal with MindWave Innovations
FLZHFlash Sports & Media Holdings, Inc.
Flash Sports & Media Holdings, Inc. entered into a 12-month Software Development and Technology Services Agreement with MindWave Innovations Inc. to design, develop, deploy, and operate FlashChain, a blockchain network for digital broadcasting-rights administration, video-asset tracking, anti-counterfeiting, and fan-data services. In consideration, the Company will issue common stock valued at US$506,000 upon completion of the term and provide MindWave with 20% of the total FLASH TOKEN issued. The agreement includes an annual maintenance fee equal to 50% of the Total Contract Value if renewed. Flash Sports & Media Holdings, Inc. operates in the sports media industry, providing streaming, ticketing, and digital asset services.