Digital Distro, Inc./Universal Systems, Inc. announced that it has completed a Memorandum of Understanding with Infinite Auctions, LLC to launch next generation High End Sports Memorabilia NFTs. The MOU comes after several months of requirements definition, conceptual design, and back-end prototype development to prove the viability of the platform. Both parties have decided to move forward with the project and the signing of the MOU allows for the continuation of art design, film production, and development of the front-end interface, tokenization, and transaction routing.

The companies will jointly host a dinner, exhibit booth, and present at the Web 3 Expo in Las Vegas, Nevada, from October 10-13, 2022, where they will be sharing their vision with some of the leading visionaries, speakers, personalities, and investors in the Web 3 space. Both companies intend to provide separate announcements with additional details about the project as it progresses. Infinite Auctions provides an online platform for memorabilia collectors and professional athletes to consign and sell high valued collectibles in a secure online auction format.

Memorabilia auctions and high value collectible sales will remain the company's core business. Infinite Auctions has previously announced that it will be acquired by Medical Care Technologies, Inc. That acquisition is on track to close later this week.