GlobeNewswire Inc | Oct 15, 2021 03:44PM EDT

October 15, 2021

San Diego, California, Oct. 15, 2021 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC Markets: HMBL), a consumer blockchain company working to simplify use cases across verticals like payments, ticketing and NFTs, today announced their collaboration with a decentralized blockchain project called BLOCKS.

BLOCKS is one of the worlds first Wyoming DAO, LLCs, created to provide a US-based, decentralized blockchain network that will use a combination of BLOCKS, bridges and sidechains to improve the use of blockchain by consumers, corporations and governments.

The BLOCKS and HUMBL teams have already begun experimenting with the use of bridges, and sidechains to reduce gas fees on NFTs by up to 98%, improve NFT metadata storage across modalities like music and video, and create an improved Verified by BLOCKS registry to help customers authenticate, track and verify their NFT holdings globally.

HUMBL NFT clients include pro and Olympic athletes, musicians and more that will be launching NFT collections over the coming quarters. The two organizations will also be experimenting with BLOCKS builder blockchain plugin modules across modalities like payments, ticketing and real estate on the HUMBL Wallet and the HUMBL Platform.

Whether it was Cisco packaging routers and switches, or Apple packaging megabytes and cell minutes on their partner networks, every technology cycle has paired consumer packaging companies and the networks they run on. The HUMBL and BLOCKS Network teams hope to do the same thing here, in giving global consumers a smarter blockchain grid and simple packaging layer on top of it, said Adam Wolfe, lead blockchain consultant at BLOCKS.

About HUMBL

HUMBL is a consumer blockchain company working to simplify blockchain use cases across verticals like payments, ticketing, NFTs and real estate.

About BLOCKS

BLOCKS is one of the worlds first Wyoming DAO, LLCs and was developed as a US- based, rapidly decentralized blockchain focused on providing simple use cases and blockchain modules for consumers, enterprises, and governments.

BLOCKS was designed to become a rapidly autonomous, fully decentralized and community governed blockchain by its BLOCKS token holders across the global network.

CONTACT:

PR@HUMBLPay.com

Forward Looking Statements

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.