Global Mofy Metaverse Wins Major New Customer Order

BEIJING, March 04, 2024 (GLOBE NEWSWIRE) — Global Mofy Metaverse Limited (the “Company” or “Global Mofy Metaverse”) (NASDAQ:GMM), a technology solutions provider engaged in virtual content production and the development of digital assets for use in digital entertainment industry, today announced a major new customer order. Under the contract, the Company will provide 3D digital asset licensing, virtual technology production, as well as other related services. This collaboration underscores the Company’s commitment and continued success delivering cutting-edge virtual content solutions tailored to the needs of customers across a wide range of industries.

Global Mofy Metaverse noted it is benefiting from accelerated growth driven by the AI revolution. According to a Frost & Sullivan industry datasheet, Global Mofy Metaverse believes it is one of the leading digital asset banks in China, as it already controls more than 30,000 high-precision 3D digital assets. High-precision is defined as 4K resolution with movie precision. The Company recently reported record-high revenue for fiscal year 2023, with over 56% growth compared to fiscal year 2022.

Global Mofy Metaverse’s CEO, Mr. Haogang Yang, said, “This major new customer order reflects the increased business momentum we are seeing in 2024 as customers worldwide seek ways to benefit from the excitement and growth from AI and the digital entertainment industry.

“We are in the midst of an AI revolution and benefitting along with companies worldwide. We are excited about Global Mofy Metaverse’s growth prospects for several reasons. First, we have built one of the leading digital asset banks in China. Demand and prices are steadily increasing for high-quality, 3D digital assets given that we are in a period of explosive growth with content needed across diverse platforms from television, advertising, video games, movies and more. Second, investments made in Global Mofy Metaverse’s proprietary technology platform, Mofy Lab, give us a powerful competitive advantage and ability to scale our digital asset bank faster. We believe that by providing customers with a one-stop, lower-cost solution to create high-quality, virtual content for the digital entertainment industry, we will be able …

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