News Corp. (SMURF) – Hulks Labs Achieves a Milestone

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Friday, October 28, 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.

Getting More Players. On Wednesday, announced the Company’s subsidiary Hulk Labs has integrated over 1,000 players into its network, with the primary focus being in Africa which includes Tanzania, South Africa, and the Democratic Republic of Congo. The waitlist of players to join the network is over 3,000 and the Company expects to add hundreds of players each month, with the target of getting to 10,000 players by the end of 2023. Hulk Labs has initially allocated over USD$100,000 into gaming assets for the network, and its top gaming titles, Crabada and Thetan Arena, are returning 18-24% per month in revenue.

A New Software? A potential addition to revenue, a new software is being tested that will allow investors to connect to players, and the Company will receive a commission based on the revenue earned. We expect the software to be implemented over time, but add to top-line revenue once fully integrated, as investors are already gauging an interest in the software.

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