Net Savings Link Inc. (OTC:NSAV) Stock On Watchlist After Recent Updates
The cryptocurrency sector may be going through its fair share of ups and downs, but companies involved in the sector still draw a fair bit of attention owing to the innovative work that they do. One of the companies that could well be worth looking into this morning is Net Savings Link Inc. (OTC:NSAV), which is described as a cryptocurrency, digital asset, and blockchain technology company. In light of the announcement made by the company on Monday, it may be a good time to take a closer look at net savings.
The company announced yesterday that it had made significant progress with regards to TruSAF’s path-breaking crypto hacking solution. The progress made by the company pertaining to TruSAF also included the tutorial video for the product. The video had gone live and could be viewed on the TruSAF website, www.trusaf.net. However, that was not all. That company also noted that the TruSAF website had also been upgraded and would continue to be improved as and when necessary. In this context, it is also important for investors to have a better idea about the revolutionary new product.
The crypto industry has long suffered from the scourge of hacking, and TruSAF is the first and currently the only solution to the problem. In 2022 alone, the crypto industry suffered losses to the tune of as much as $4 billion owing to hacking. It was further noted that it would be a permanent solution to the problem. TruSAF manages to provide such protection through a mold-breaking advancement that would take digital assets off the grid.
While keeping the assets off the grid, it would also allow the holders to access the digital assets at any time they wish. The product from Net Savings would not only help in protecting digital assets but also legal documents as well as medical information. TruSAF currently comprises three main components: DocuSAF, MedSAF, and CryptoSAF.
The company had made another significant announcement on August 4. At the time, Net Savings revealed that it had acquired a 40% stake in FUNGY, an advanced NFT marketplace. The company also announced that after it picked up the stake in FUNGY, the marketplace had also started going through a major overhaul and was to be launched again soon after. Although the NFT market had gone through some setbacks, the management of Net Savings stated that it believed that the market was going to continue to rebound through the rest of 2023.
As per reports, the worldwide revenues from the NFT market could hit as much as $1.6 billion in 2023. In the news release, it was noted that FUNGY provided creators and artists with the option of issuing, buying, and selling customized crypto assets, which represented ownership in their digital work products. FUNGY acted as not only the marketplace for such assets but also a distribution network powered by the polygon blockchain. Hence, the actual users can trade the NFTs without having to worry about the presence of a middleman.