Zhitong Financial App News, CMON (01792) announced that on September 1, 2021, the intercompany subsidiary CMON Pte. Ltd. And Monsoon Digital Pte. Ltd. Enter into a non-legally binding memorandum of understanding to launch a new range of digital collections using the Group's proprietary art through Monsoon's forthcoming non-homogenized token (NFT) trading platform.

NFT is an encrypted protection unit of data on digital books called "blockchain", where each NFT represents a unique digital data. NFT can represent digital files, such as works of art, audio files, films, game projects and other forms of creative works.

Through its game design, the group has developed and produced proprietary works of art that are popular among its customer base. According to the MOU, the Group intends to grant its intellectual property rights to Monsoon (concession arrangement), which will use the relevant proprietary works of art to issue NFT and allow the relevant NFT to be bought and sold on its platform. The directors of the company believe that by awarding the Group's proprietary works of art for the creation of digital collections, the Group will be able to use its existing assets to broaden its revenue stream and access the booming cryptocurrency market. and enhance the desirability and brand loyalty of its own games.

It is reported that Monsoon is a blockchain-focused company founded to create solutions for companies in the hobby, game and collectibles market, providing an online platform for collectors, art lovers and gamers to organize, display and buy and sell digital collections. Its NFT trading platform is expected to be launched in late 2021. Monsoon is 33% owned by Huang Chengan, the company's executive director.