Zerify Inc. (OTCQB: ZRFY), a cyber security company focused on secure video conferencing solutions, is pleased to announce that the Nashville record label “The Service” is using Zerify Meet to communicate and deliver custom content to the fan base of the artists they represent. “Protecting access to intellectual property is just as important to us as is protecting healthcare data, financial information, or military secrets,” says Mark L. Kay, CEO of Zerify. “Without artists’ ability to protect their work, the music industry which generated over $28.8 billion in 2021 would likely cease to exist.

Market Action

On Wednesday, ZRFY stock went up 7.55% to $0.0057 on volume of 430K, compared to its average volume of 1.23 million shares. The stock moved within a range of $0.0053 – 0.0058 after opening the trade at $0.0053.

The cybersecurity sector is expected to be one of the more popular sectors for investors since it is projected to grow at a fair clip in the coming years. If you are looking into stocks from the sector then it may be a good idea to consider taking a closer look at the Zerify Inc stock. The company is involved in providing secure video conferencing products and could be one for the future.

The company was in the news earlier this week on December 13 when it announced that ‘The Service’, a record label based out of Nashville, had deployed Zerify Meet for the purpose of communicating with the fans of the artists it represents. Zerify Meet is also being used by ‘The Service’ for providing customized content to the fans of those artists.

The Chief Servicing Officer at ‘The Service’ Alyssa Hoffman spoke about the decision to use Zerify Meet for its services. She noted that the company was providing a service in which dealt with intellectual properties of its clients, the artists. Hence, it was highly important for the company to have privacy and security protocols in place which it could depend on.

The Service had gone into searching for secure video conferencing platforms which were secure and it was Zerify Meet that ended up fulfilling all its requirements. It goes without saying that the latest development was a significant one for Zerify and it now remains to be seen if it has an impact on the stock or not.

Traders Note

ZRFY stock is trading below the 20-Day and 50-Day Moving averages of $0.0058 and $0.0069 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0196.

By Bina Murarka

I am Nitin Harlalka, and I have been a passionate writer for close to a decade. I have a graduate degree in Economics and have worked as a business writer for a range of publications. Over the past couple of years, I have also started working on emerging industries like the cannabis industry and blockchain.

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