Humbl Inc (OTCMKTS: HMBL) is a Web 3, digital commerce platform that was built to connect consumers, businesses and governments in the digital economy. HUMBL provides simple tools and packaging for complex new technologies such as blockchain. The Company through their product offerings are looking to simplify and package the tokenized blockchain economy for consumers, corporations and government. The goal of HUMBL is to provide ready built tools, and platforms for consumers and merchants to seamlessly participate in the digital economy. HUMBL is built on a patent-pending decentralized technology stack that utilizes both core and partner technologies, to provide faster connections to the digital economy and each other. 

The Company is organized into two divisions: a) HUMBL Consumer and b) HUMBL Commercial. These two divisions incorporate and expand the Company’s core products that were formerly set up into three distinct segments prior to 2022. The majority of the Company’s operations prior to 2022 were focused on the Consumer division. With the acquisition of the Mobile ID technology from BizSecure and software capabilities from Ixaya, the development of its newly formed HUMBL Blockchain Services unit the Company anticipates the Commercial division will provide opportunities across the governmental sector as well as businesses in search of enhancing their platforms. 

HUMBL’s core products and services are as follows: 

• HUMBL Mobile Wallet – A mobile app that allows consumers to buy, sell and hold digital assets;
• HUMBL Financial – Financial products and services, targeted for simplified investing on the blockchain.
• HUMBL Blockchain Services – Enterprise solutions for businesses and governments related primarily to credentialing and identity verification.
• HUMBL Marketplace – A mobile marketplace that allows consumers and merchants to connect more seamlessly in the digital economy;

Humbl’s online marketplace is for artists and athletes to connect online in the sale of digital collectibles to fans and collectors and provides a rigorous set of terms and conditions that govern what can and cannot be listed on the marketplace. The Company currently reviews all listings to screen for graphic content, potential intellectual property rights violations, and potential securities law violations. The NFT marketplace is operated through a third-party marketplace plug-in (OpenSea), electronic wallet extensions (such as MetaMask), and the Ethereum blockchain. Users participate in the NFT marketplace by linking their digital wallets to our platform and engaging (e.g., buying, selling, bidding) with the NFTs listed on our platform. The services provided by HUMBL are administrative. HUMBL is a platform and does not act as a broker, financial institution, or creditor. We facilitate transactions between the buyer and seller in the auction/sale process, but we are not a party to any agreement between the buyer and seller or between any users. 

$HMBL Brian gave a product roadmap update tonight. He admits that the current verification can be a barrier to entry for some. Team is working on making the onboarding process less intrusive and simpler. New user sign-ups has slowed while posts per month has grown slightly MoM. pic.twitter.com/bdbb2IiJjK

— Perry (@perry314181) March 2, 2023

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HMBL has been busy in February; the Company launched a marketing program with Joey Gase, co-owner and driver of the Emerling-Gase Motorsports team, for his race at the “Beef. It’s What’s For Dinner. ® 300” at Daytona International Speedway on Saturday, February 18, 2023. As part of the marketing sponsorship, HUMBL logo signage will be displayed on the deck lid of the Joey Gase race car during the Daytona 300.  

HUMBL will also activate its sponsorship across the HUMBL Platform through its search engine, social media and authenticated, signed merchandise. Gase will connect with fans on the HUMBL social media platform through his independently verified profile; as well as help educate HUMBL customers and racing fans on the importance of real profiles, products, ratings and reviews. Joey Gase also works with sponsors such as the US Patent and Trademark Office (USPTO), focusing on the importance of authentic merchandise and products versus counterfeits in their global “Go For Real” campaign. 

On February 10 HMBL announced it plans to spin-off of subsidiary Tickeri, Inc so the Company can focus resources exclusively on developing and releasing HUMBL’s own core technologies and customer funnel. In an agreement executed with the Tickeri founders on January 31, 2023, the parties mutually released all liabilities and the Tickeri assets were transferred back to its founders, cancelling related promissory notes. The spin-off will strengthen HUMBL’s balance sheet by significantly reducing company debt by $10,852,916 and enhancing shareholder’s equity. 

Although this subsidiary provided top-line gross revenues to the Company, this ultimately did not result in bottom-line profits and actually increased day-to-day operating expenses for HUMBL. Divesting of this subsidiary will help to reduce operating losses each fiscal quarter. Focusing on the Company’s core technology will help to lower overhead and the reliance on dilutive financing. 

Also, in February The HUMBL Wallet was made available on the Apple App Store in over 140 countries. The company is building the HUMBL Wallet as a “Super App” that will enable customers to perform a variety of financial technology, search engine, social media and mobile payments functions within one application and will continue to add features to the digital wallet that fit customer needs. The HUMBL Wallet™ currently delivers consumers the ability to buy, sell and hold digital assets; a search engine that provides traditional web, news, images and videos; as well as blockchain-based search for verified NFTs across Ethereum, Polygon, BLOCKS and more. Further, HUMBL offers one of the first social media platforms in the world with independently verified user profiles and brands. The HUMBL Wallet will move next on the product roadmap to accepting SMB / merchant payments. The HUMBL Wallet and HUMBL Social are currently also available on the Google Play Store as separate applications and will be merged together soon as well for Android device users. 

Currently $HMBL is evolving quite normally and is heading towards the closure of its 1J gap located at 0.0075… waiting for news that will propel $HMBL either to the moon or to hell…
Technically everything is logical and conducive to a mega race.. pic.twitter.com/If4oG7EBgI

— TheLetelierFamilyTeam (@LetelierDavid1) March 1, 2023

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Currently trading at a $21 million market valuation HMBL os is 2,705,110,839 (which has risen) with 1,098,460,250 shares in the public float. HMBL was the biggest runner of early 2021 skyrocketing from well under a penny when it was TSNP to highs near $8 per share. The Company has been busy recently holding a sports marketing program with mixed martial artists, Jose Mariscal and Ovince Saint Preux who wore HUMBL branded shorts during their recent fights Horseshoe Casino in Hammond and the UFC APEX in Enterprise, Nevada. In a great move, HMBL also canceled its application for a 1:10 reverse split of its common stock with FINRA and will no longer perform the rs. At current levels, right over 52-week lows HMBL is highly liquid and still at the top of many speculators watch lists.We will be updating on HMBL when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

Disclosure: we hold no position in HMBL either long or short and we have not been compensated for this article.