The Patents and Related Intellectual Property Assets of Mavatar are For Sale

NEW YORK, Sept. 24, 2020 /PRNewswire/ —¬†Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, is selling the intellectual property assets of Mavatar (the “Company”) on behalf of Lynn Schoenmann, as chapter 7 trustee (the “Trustee”), including the patents, trademarks, domain names and source code for the Mavatar platform software. Offers are due October 13, 2020, and an auction will be held on October 15, 2020. The sale is subject to approval of the United States Bankruptcy Court for the Northern District of California, which is overseeing the Company’s chapter 7 bankruptcy case.

Mavatar created mobile and web applications which provide solutions for retailers, influencers and consumers. It offered mCart by Mavatar, a platform-as-a-service and omnichannel marketplace powered by blockchain that facilitates the creation of shoppable content, tracks sales and marketing dollars, and makes micro-payments to

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