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Medigus Enters NFT Space with a First Investment in Blockchain Company Safee

Tel Aviv, Israel, Oct. 13, 2021 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today that it will invest in Safee, a Non-Fungible Token (NFT) technology company. Safee’s social network allows creators and collectors to easily create, own, engage, control and trade digital goods. Safee’s mission is to expand the reach of NFTs to mass market buyers and creators, digital artists, illustrators, photographers, musicians, regular consumer digital content creators and more. Medigus will invest $400,000 in Safee and will hold approximately 2.5% share in the company.

In a time when everyday users have become digital media producers, creators and artists, the origin of digital creations (art, photos, videos, news, etc.) is not clear as the basic ownership model of the physical world does not translate to the digital world.

Traditionally, digital asset management has required a special ‘crypto wallet’ application. To simplify the process and reach a wider audience, Safee has created a simple, engaging, and disruptive way to apply ownership to any personal digital media using NFT technology. It will enable regular people and digital creators alike to establish originality, foster engagement and exchanges, and monetize their creations in the digital world.

The NFT revolution is one of ownership, monetization, and the proliferation of digital rights to the masses. Safee’s NFT-based social network platform enables digital creators to take any personal media item and turn it into an NFT.