Mobile Streams (MOS ), a mobile content and data intelligence company, announced today its first NFT whitelist drop (a launch of NFTs) for the Mexican National team sold out over the weekend.
Whitelist early entry NFTs were sold for US$50 each with the price rising to US$100 by 3pm Mexico time on Monday. Total sales from the drop are currently at US$60K and continuing to rise. In addition, Mobile Streams receives 5% of any future resale value through its embedded NFT royalty.
Mobile Streams said this was the first of many NFT drops for the Mexican National team. With the FIFA World Cup starting soon, customers can expect a significant number of NFT launches to happen in the near future.
Additionally, Mobile Streams has now launched its Mexican National team HeroesNFTclub marketplace where NFT cards can be purchased and traded.
Mobile Streams also issued a brief update on Q3 performance to 30 September 2022. The company recorded revenues for the 3 months of US$620K (£540K). This represents a year-on-year revenue increase of 268%, compared to the same period in 2021.
Mark Epstein, CEO, commented: "We are delighted with the results of our first launch of Mexican National team NFTs. This is just the first of many NFT drops we will be doing for the National team, with a significant number due to take place in the upcoming World Cup period and beyond we expect this licence to grow rapidly. We are also looking to sign additional contracts and further announcements on these will be made in due course. We are pleased with our revenue progress to date and expect this to increase significantly throughout the rest of the year."
View from Vox
This is yet another encouraging result from Mobile Streams, showcasing demand for the company's NFT products. The inaugural NFT drop for the Mexican national team sold out over the weekend with prices doubling by Monday afternoon, and royalty income on resale value adding to profits.
Today's news mirrors Mobile Streams' first ever NFT drop for Pumas football club earlier this month which sold out in minutes. 4,300 cards, utilising 5 players, were sold from US$5 upwards. Total sales from the drop were in excess of US$50K, not including ongoing 5% royalties on resale value.
NFT cards can also be purchased and traded on the company's aforementioned new HeroesNFTclub marketplace. The platform can also place NFTs onto global marketplaces such as OpenSea. This effectively means that MOS is now both an NFT producer and marketplace provider, opening additional revenue opportunities.
Last month MOS signed a US$3.7m contract with Mexico's Atlante FC, adding to the Pumas and Mexican National Team deals. In July, MOS announced two major NFT license deals with PAS Kisisel Asistanlik Hizmetleri and Andrea Olmedo Lopez. The company is in discussions for 30 additional NFT deals, with several expected to finalise this month.
MOS' strong Q3 performance follows an equally impressive FY22 result where the company reported revenue of £1.1m, an increase of 180% from £395K in FY21, with a strongly weighted 2H22 delivering revenue of £810K, a 270% increase YoY. June 2022 alone returned revenue of £181K, representing a sequential monthly increase of 62% since MOS' last performance update on 1 March 2022. The strong trend of revenue growth is expected to continue into 2023.
MOS remains well-funded to take up additional deals as the lucrative FIFA World Cup tournament approaches.
Follow News & Updates from Mobile Streams: