The rise in the popularity of blockchain technology and cryptocurrencies has prompted many companies to get into those industries. One of the companies to have gone in that direction is the Jamaica-based functional mushroom company Minerco Inc.
The company has created its own blockchain that helps in making payments through cryptocurrencies like SHRUCOIN, which has been created by Minerco. Earlier this week, Minerco’s blockchain got a massive boost after it was announced that Bobby Shmurda, the American rap singer, is going to use the Minerco blockchain as the platform from which people can purchase tickets to his much-anticipated concert. It is going to be the rapper’s first concert after having served a prison sentence spanning six years.
It is also important to point out that the concert is going to be released in the form of a docudrama to a combined audience of 100 million across several streaming platforms on June 19, 2021. Only those who have bought a ticket worth $20 in SHRUCOIN will be able to actually go to the concert. This represents a major coup for Minerco, its blockchain platform, and also its cryptocurrency.
The numbers projected by the company also create a pretty compelling picture. Concert goers will be able to buy the tickets from the website www.shrucoin.com, which is operated and owned by the company.
Minerco believes that it stands to sell as many as a million tickets to concert-goers from Africa, the Caribbean, and North America. The sales of such a high number of tickets are also going to make a major contribution to the company’s bottom line in the second quarter of 2021.
Additionally, the proceeds are also going to be a major factor in the company’s financial performance for the full year ending on December 31, 2020. In light of the latest events, it could be a good move for investors to keep the Minerco stock on their watch lists.
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