HUMBL STOCK UPDATE!?Why HMBL & BLOCKS Together will WIN!?NEW LEGISLATION-WHAT IT MEANS FOR YOU??

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Today I’m giving you an update on HUMBL, ticker symbol HMBL, their exciting new partnership with BLOCKS, and what this means for you. Then I’ll take you into key levels of support and resistance in their stock chart and some potential share dilution you should be aware of.

HUMBL is an exciting company that is forging new inroads into the blockchain. The latest is announcing their collaboration with a decentralized blockchain project called BLOCKS.

BLOCKS is one of the world’s first Wyoming DAO, LLCs, to provide a US-based, decentralized blockchain network that will use BLOCKS, bridges and sidechains to improve the use of blockchain. FYI DAO is a decentralized autonomous organization. A DAO is a Decentralized Autonomous Organization with a new type of corporate structure that is operated by a series of smart contracts, streamlining and automating the operations behind the company to ensure longevity and maximum efficiency.

Before we get further into the exciting HUMBL and BLOCKs collaboration,

But remember that OTC stocks like HMBL are highly risky, so I only invest money in OTC’s that I can afford to lose. High risk can be high potential reward. And remember, this is not financial advice, and for entertainment only. 

Hi investing friends, this is Lynn, and welcome back!

So Let’s go and review today’s HUMBL news.

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The BLOCKS and HUMBL teams have already begun experimenting to reduce gas fees on NFTs by up to 98%. They also will improve metadata storage and create an improved registry to help customers authenticate, track and verify their NFT holdings globally.

HUMBL NFT clients include pro and Olympic athletes and that will be launching NFT collections in the near future. The two organizations will also be experimenting with plugin modules across payments, ticketing and real estate on the HUMBL Wallet and the HUMBL Platform.

The HUMBL and BLOCKS Network teams hope to gibe global consumers a smarter blockchain grid with a simple packaging layer.

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

BLOCKS is one of the world’s first Wyoming DAO, LLC’s and was developed as a US- based, rapidly decentralized blockchain focused on providing blockchain modules for consumers, enterprises, and governments.

BLOCKS was designed to become an autonomous, decentralized, community governed blockchain across the global network.

A goal at BLOCKS is to be the gold standard in DAO structuring and operations. They have a commitment to decentralization while being deeply involved in creating an environment for safe and scalable operations.

You may ask, why Wyoming?

The Wyoming cowboy state has revamped financial rules to attract crypto-currency  startups, with respect to the Federal Reserve and Federal  regulators.

Wyoming is the first state to articulate the legal status of decentralized autonomous organizations (DAOs). The state’s governor, Mark Gordon signed the state’s DAO-focused Bill 38 into law in April of 2021 that allowed Wyoming to recognize DAOs as LLCs. These entities are also governed by smart contracts, are based on blockchain technology, far different from the hierarchical control structure of traditional companies.

Wyoming’s Blockchain Laws:

Wyoming has enacted thirteen blockchain-enabling laws since 2019, making it the only  state to provide a comprehensive, welcoming legal framework for DAOs. This  legislation enables blockchain technology to flourish, both for individuals and  companies.

Let’s look at four key features of Wyoming’s new blockchain laws:  

It recognizes direct property rights for individual owners of digital assets of all types

It creates a fin-tech sandbox to provide regulatory relief to financial innovators for up to 3 years. This is broadly reciprocal with fin-tech sandboxes in both the U.S. and globally.

It authorizes a new type of state-chartered depository institution to provide basic banking services to blockchain and other businesses. It authorizes the first true “qualified custodian” (i.e. a bank) for digital assets.

Wyoming’s new law also ensures that digital asset owners have legal assurances about  how their assets will be treated.  Wyoming’s digital asset custodians will be demonstrating respect of the DIRECT ownership nature of digital assets.

The DAO law solidifies Wyoming’s reputation as the most crypto-friendly U.S. state.  DAOs aim to reach a state of sufficient decentralization to satisfy regulatory scrutiny.

The DAO LLC will protect all stakeholders should the DAO become the subject of any legal dispute.

More specifically, the BLOCKS DAO will focus on setting the standard for future DAO’s based out of the United States.

As BLOCKS are released into the digital asset ecosystem, the organization will be “member managed.” This will continue until smart contracts are created to decentralization on-chain governance and multisite wallets. The purpose is to  allow the DAO’s treasury to be managed by the member base algorithmically.

In the simplest form, Blockchain is a digital platform that allows people to store and share information securely, without relying on any one organization, person, or country to control the platform. Blockchain is the technology that digital assets, such as cryptocurrencies, are stored on. While cryptocurrency is the thing that blockchain is best known for, there are many more ways this technology could be used to secure information, coordinate people, and transition away from centralization.

But, Blockchain solutions are rarely both quick to implement and customizable, leaving companies with a long complicate path to implement a solution. Blockchain is secure, but it’s also transparent. Putting the right information on-chain and balancing off-chain and on-chain solutions is key. So his partnership between HUMBL and BLOCKS should mean much faster progress to big solutions.

Now let’s get an update on HUMBL’s stock. First in looking at the security details. HUMBL has a market cap of 636 Million, with outstanding shares of 910 million. What’s a little scary are the authorized shares of 7.4 billion, which could mean some serious dilution at some point. The stock also has a large float for a stock of his size of 812 million shares.

You can see on this MarketWatch slide that HUMBL took off with a bang and is up 86 thousand percent over the past year. But the stock’s performance leveled off to only an 11.43% increase year-to-date.

The HUMBL one-year chart shows HUMBL hitting a high of over $7 in February 2021 before a slide downward, then another run-up on March 1st. The stock’s three-month chart shows HMBL bouncing off a base of .69 cents on August 19th and October 15th, but the red bars indicate more selling than buying over the past month. Hopefully with HUMBL’s new partnership with BLOCKS, the company can make new inroads into blockchain, start pulling in more revenues and turn this around. I have high hopes for HUMBL!

I always love hearing from you, so please let me know in the comments below, what your thoughts are about HUMBL’s future, or any other stocks you are liking right now. Also go here to view our original deep-dive video on HUMBL, as well as our Penny stocks under $1 playlist.