HUMBL Inc. (OTCMKTS:HMBL) Launches “HUMBL Chat” Audio Rooms | News Direct

HUMBL Inc. (OTCMKTS:HMBL) Launches “HUMBL Chat” Audio Rooms

News release by TopNewsGuide - Market News & Commentary

facebook icon linkedin icon twitter icon pinterest icon email icon Naples, FL | March 14, 2023 05:00 AM Eastern Daylight Time


The Web3 revolution is certainly upon us given the way in which many companies have jumped into the sector and started working on a range of highly innovative products. One of the companies to have emerged as a major player in the Web3 platform space is HUMBL Inc. (OTCMKTS:HMBL).

The company offers a wide range of Web3 products, which include HUMBL Authentics, HUMBL Chat, HUMBL Wallet, HUMBL Social, HUMBL Tickets, HUMBL Marketplace, and HUMBL Search Engine. HUMBL also created a commercial blockchain services entity called HUMBL Blockchain Services, which provides services to both private and public sector clients. Investors who may be interested in new-age technology may be interested in HUMBL as a company given the sort of work that it has been accomplishing.

The company was in focus last week on March 9 when it made an announcement with regards to the launch of a new feature in its HUMBL Chat platform. The launch in question was that of an audio room integration into the chat platform. It will help HUMBL Social users to create voice chat-based rooms for individuals, as well as groups and a single group, could be as big as 1000 users.

The capabilities that have been integrated into HUMBL Chat would include peer-to-peer chat rooms which would provide connections of low latency and clarity. However, that is not all. The company noted that it was also working on tests by way of which users could record the audio rooms and save those into MP3 files. The MP3 files could be highly useful for interviews, podcasts and transcriptions.

The Chief Executive Officer of the company Brian Foote spoke about the latest project from HUMBL as well. He noted that the whole idea had initially been inspired by the Twitter Spaces feature, which allows users to chat about a wide range of topics in chat rooms.

However, HUMBL decided to offer an audio chat room service that would only allow verified users and hence, it could provide considerable authenticity to listeners. Not too long ago, the company had also been in the news for having launched the world’s first digital wallet which included a search engine, offering of digital assets, and also verified social media profiles.

“Twitter Spaces has spawned audio room communities around popular topics such as current events, finance, entertainment, politics, technology, interviews and more,” said Brian Foote, CEO of HUMBL. “We wanted to offer a chat room service here at HUMBL, except with real, verified profiles - which we believe can offer a significant improvement to both the authenticity and monetization of voice chat features on social media.”

As it happens, back in February the company's shareholders had gotten another significant boost when the company announced that it had decided against going ahead with its reverse stock split application. The application to FINRA had been for a 1:10 reverse stock split.

At the time, the company had announced that it had decided to withdraw its application after having made a reassessment of its strategic plans for an uplisting to a major exchange in the future. However, the possibility of a reverse stock split was not ruled out and HUMBL noted that it may make an application for it later on this year if it became necessary. Foote noted that the reverse stock split was not aligned with the current objectives of HUMBL.


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