News Corp. (SMURF) – An Operational Update

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Wednesday, November 02, 2022 Corp is a publicly traded company that invests in Web3 assets and businesses focused on the Metaverse, NFTs, DeFi, and gaming based digital assets. is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned subsidiary, focuses on investing in play-to-earn revenue generating gaming tokens and NFTs. Additionally, owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, provides public market investors with a simple and secure way to gain exposure to Web3.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Providing an Update. issued a press release yesterday that highlighted the Company’s operations in its three different operations: staking, Metaverse, and crypto gaming. Along with the Company’s main operations, included updates on the domain names the Company currently owns and the current capitalization structure. We expect the Company to release its year-end financial results for the nine months ended in mid-December.

Staking. Management showed the current portfolio of coins the Company has, in which very slight changes occurred from the end of the last quarter ended June 30, 2022. Coins such as Ethereum were sold (from 3,499 to 3,206) although coins like ANKR (from 3.01 million to 3.02 million) and ROSE (6.99 million to 7.23 million) were earned or purchased. Although not many changes have been made in the portfolio since the last quarter, we would not be surprised if the Company were to sell or buy coins for the portfolio during the volatile market.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 


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