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Vancouver, British Columbia, August 10, 2022— (Business Wire) —NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or “NFT Tech”).A major technology company has announced an exclusive multi-year contract with World Table Tennis to develop and implement a strategy for decentralized ownership, NFTs and metaverse for public markets, Web3, engaging a global fan base and reaching the frontiers of emerging technology.
In an exclusive multi-year deal, Singapore-headquartered World Table Tennis (WTT) has partnered with NFT Tech. The partnership spans Web3’s end-to-end strategy that connects fans to digital collections, diverse experiences, pay-to-play and pay-to-play games. WTT reports an impressive global fan base of 519 million while hosting more than 50 international events a year and attracting hundreds of millions of unique viewers.
“I’m excited about what we can show the world,” said NFT Tech CEO Adam de Cata. “Table tennis is exploding in popularity and participation globally and WTT has been at the forefront of leading innovation in sports technology. We can build exciting multi-faceted experiences that further enhance fan and player engagement. Including gaming for revenue, it’s a multi-billion dollar opportunity space in itself.” it is.
WTT Chief Financial Officer Michael Brown said, “WTT has been researching and planning to enter the Web3 space for over 15 months. “The partnership with NFT Tech is the first big step in this journey. NFT Tech has proven to be a leader in the field of technology innovation in sports, which we believe is essential to the growth of our sport. We believe. Coming up with a Web 3 strategy resonates with our core fans and their interests, and will keep new fans involved in the world of table tennis!”
In addition to dominating the table tennis sphere, Asia also leads crypto adoption and technology innovation. In the year By 2021, Metamask, the leader in crypto wallets, reported more than 10 million monthly active users and said Asia was leading the pack in terms of wallet adoption growth. Despite the main position of Asia in the area of cryptocurrency adoption, there is still a lot of growth potential, only 3.6% and 10% of the population own crypto in Southeast Asia and Singapore respectively.
“This multi-year partnership is a natural continuation of NFT Tech’s development at the Australian Open,” continued Adam. “With fifty annual events (as opposed to one), world table tennis offers a lot of potential – not only with new projects or ideas, but also with a business model that reuses royalty payments. With so many tournaments and events, we’re able to capture certain NFTs that bring great benefits to fans but also great opportunities for NFT Tech.” Can drive accessory.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate and IP in the Metaverse, build and monetize P2E and M2E games, and bring insights and benefits to public markets. Bridging the gap between traditional capital markets and the Web3 space, NFT Tech is handling decentralized ownership, NFTs and metaverse. Current projects include founding the GOAT Guild and Fuku.
About the world of table tennis
World Table Tennis is the business and event arm of the International Table Tennis Foundation, the governing body of world table tennis. The Singapore-based entity hosts more than 50 international events a year and attracts hundreds of millions of unique visitors to its broadcast events. Their mission is to expand the global table tennis economy; To ensure that the sport is fully funded from top to bottom, to raise table tennis to the highest level of world sport, which will encourage more people to play and enjoy table tennis.
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A cautionary note on forward-looking information
This press release contains certain forward-looking statements within the meaning of applicable securities laws relating to the Company. These forward-looking statements are generally characterized by words such as “believe,” “project,” “expect,” “predict,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan.” ,” “may,” “shall,” “will,” “will” and similar expressions. Forward-looking statements in this press release include statements regarding the agreement with World Table Tennis and the closing date; the scope, scope and length of the partnership with World Table Tennis; Popularity of table tennis around the world; continued audience and growth of table tennis; current and ongoing adoption and innovation in crypto and related technology in Asia and around the world; growth in adoption and innovation in crypto and related technology in Asia; continued legalization of online gambling in certain regions ; benefits from the deal; the company’s NFT developments and expansion of product offerings; potential benefits and needs of direct-to-consumer NFT projects; potential benefits, growth and adoption of Web3 and related applications; plans to accelerate growth; and continued public acceptance of NFTs. None Even if the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on such forward-looking statements and information because the Company makes no assurance that they will become correct. They inherently involve risks and uncertainties. Many factors could cause them to differ materially from the forward-looking statements contained in this press release, including, without limitation, pros. including the risk factors described in Pectus. We remind readers that the list of reasons described above is not comprehensive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release speak as of the date hereof and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information as a result of new information, future events or otherwise. Unless otherwise required by applicable laws.
No securities regulatory authority has approved or disapproved the contents of this news release. Neo Exchange has not reviewed or endorsed this press release for the adequacy or accuracy of its content.
This news release does not constitute an offer to sell or an offer to sell any securities in the United States. The securities have not been and will not be registered under the US Securities Act of 1933 (the “US Securities Act”) or any other state securities laws and may not be offered or sold in the United States. US persons (as defined in Regulation S under the US Securities Act) unless otherwise registered or exempt from such registration under the US Securities Act and applicable state securities laws.
Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20220810005805/am/
Contacts
contact us: Wayne Lloyd, Executive Chairman
Email: ir@nfttech.com
Phone: +1 (604) 800-5838
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