Video Ecommerce In China Is Estimated At $425 BILLION in 2022

OOOOO Provides Infrastructure, Technology and People To Power The Live Stream Economy

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Message: VIDEO – $OOOO Takes 20% Stake In “Shiller” - The First NFT Live Video Commerce Platform With Global Music Mogul Co-Founder

VIDEO – $OOOO Takes 20% Stake In “Shiller” - The First NFT Live Video Commerce Platform With Global Music Mogul Co-Founder

posted on Aug 08, 2022 04:07PM

Despite the market correction in NFTs (Non-Fungible Tokens) there is no doubt that NFTs are going to play a major role in the future of our digital lives, with the market expected to grow from $USD 15.7 Billion in 2021 to $USD 120+ Billion by 2028.  

This represents a scorching Compounded Annual Growth Rate of 34.10 % and should come as no surprise given the fact the Metaverse market is expected to reach $10-13 Trillion by 2030.

ENTER OOOOO ENTERTAINMENT COMMERCE

OOOOO Entertainment Commerce ( $OOOO) ($OOOOF) operates a technology platform that enables retailers, brands and entrepreneurs to share product-based content directly to consumers through live, interactive, shoppable videos. In case you aren’t familiar with Live Video Commerce look no further than China where it has taken the market by storm:

  • $300 billion in China 2021 +  85% =  11.7% of total retail ecommerce sales 
  • $425 Billion in 2022

What makes Live Video Commerce so groundbreaking is how it provides both sellers and audiences with an interactive version of the Home Shopping network.  More importantly, it provides anyone from big brands to startup sellers in their homes with an easy, immediate and powerful way to connect and interact directly with customers.

$1.7 BILLION IN SALES IN ONE 12 HOUR LIVE VIDEO SHOW

How powerful is Live Video Commerce?  In Oct 2021 China's Austin Li (AKA ‘Lipstick Brother’) sold $1.7bn of beauty products. Not for the year, the quarter, the month or even the day … in a 12 hour live video commerce show!

$OOOO who is bringing live video commerce to the west by providing the infrastructure, technology and people to power the live stream economy through the OOOOO App.  More than just talk $OOOO is already a leader with global leading retailers such as QVC and JD Sports. 

 

ENTER SHILLER - LIVE VIDEO COMMERCE FOR GLOBAL NFT MARKET

 

$OOOO is now using the same technology for Shiller  a live video and audio technology platform to enable the marketing of NFTs and all digital assets. 

 

Shiller is currently in "stealth mode" and expects to launch later in 2022 with additional details on the business and operations to come but here is a sneak peek of how damn cool the platform is expected to be:

 


MYSTERY MUSIC MOGUL CO-FOUNDER

One other piece of cool information that we do know is that one of Shiller's co-founders is an American music artist, media personality and entrepreneur.

 

Given the success of $OOOO to date in other verticals, which are still in their early stages but moving very quickly, $OOOO has a real chance at providing a significant new way for NFTs to be marketed and sold.

 

Find out more by watching this powerful interview with Sam Jones, Co-founder / CEO of OOOOO Entertainment Commerce.

 

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