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Former Destraland Chief of Staff joins NFT Tech as CEO Expansion to Level 1 Brand Partnership
Vancouver, British Columbia, July 07, 2022– (Business Wire) –NFT Technologies Inc. (NEO: NFT) (“Company” or “NFT Tech”), A leading technology company decentralized ownership, NFTs and the metaverse for public markets, announced today that it has entered into a firm agreement for the development of Run It Wild (the “marketing”), multi-blockchain, metaverse and NFT. Studio, as well as the appointment of Run It Wild’s Adam De Cata as the new CEO of NFT Tech, will take effect immediately. Adam replaces Mario Naufal, a strategic consultant for NFT Tech.
With the acquisition of Run It Wild, NFT Tech is expanding its NFT development and partnership to create unique NFT experiences directly for users around the world. The transaction provides NFT Tech industry leader with NFT infrastructure, investment and gaming offerings.
“Getting Wild Run is one of the most important steps that NFT Tech has taken to integrate NFTs and meters,” said Wayne Lloyd, NFT Tech Executive Chairman. Of He was responsible for exploring Web 3 opportunities for brands, and was responsible for serving some of the most successful ‘first’ pioneers in the industry. “Adam is very happy with the ship and we can’t wait to see what we will get under his leadership.”
Adam is the founder and director of Run It Wild and a partner at Decentraland, the world’s first fully decentralized, 3D virtual reality platform built on the Ethereum blockchain. As a recognized leader in Blockchain, NFT and Meters, his early career spanned the line-up of leading brands such as Batman, Harry Potter, Luni Tons, Scoby-du, Superman, and Z. Big Bang Theory for Warner Bros.
“I am honored to join the strong team at NFT Tech and help build on what the company has accomplished. We can only achieve what we can achieve, ”said Adam.
Along with Adam and Run It Wild comes a team of innovative technologies focused on building digital and virtual world experiences for brands and artists. They developed a strategy for Web 3 for Lincoln, and handed over the first full-fledged Elvis NFT to Elvis Presley State. As head of the Decentraland Partnership, Adam embarked on his first Metaverse experience with Sotheby’s for the 250-year-old auction house, and oversaw other popular startups, including Coca-Cola, Univerver, Australian Open, Samsung and more.
About the transaction
The transaction will be concluded in accordance with the stock purchase agreement between NFT Tech and the supplier (the “Agreement”). It is July 7, 2022. When the transaction closes, NFT Tech replaces 10,000,000 joint stock and C $ 2,000,000 to acquire all outstanding and advanced Run it Wild shares. Under the agreement, a number of Run It Wild key employees in connection with the transaction, including Mr. de Katan, will enter into a new employment contract with NFT Tech to provide services to NFT Tech (“Key Employee Agreements”).
Under the agreement, the supplier is entitled to additional “earned” payments up to a maximum of C $ 5,000,000. In the nine months after the transaction closes, this type of income is equal to $ 1 million for every $ 2 million generated by the agency’s business and is a prerequisite for at least half of the key labor agreements to be fully operational. Coercion and effect from the date of payment of income. The seller can choose to receive any share of up to 50% of the company’s joint stock and the estimated value of the shares is equal to its weight. The average price of shares in the NEO exchange for the five business days prior to the due date. Notwithstanding the foregoing, in any case, the company shall not be required to pay an equal share of the proceeds if it creates a new supervisor.
The joint stock issued in connection with the Agreement shall be subject to certain transfer restrictions as set forth in this Agreement, including a twenty-four (24) month contract lock.
The agreement provides, among other things, non-binding promises and may be terminated (i) by mutual agreement, in writing, (ii) by the company, written notice, breach, or serious negative impact on the target. Transaction that is not on the outside of the Agreement in accordance with the Agreement, and (iii) by the Seller, in writing, the breach or closure of the transaction shall be on the outside of the Agreement.
Completion of the transaction is required to obtain a NEO exchange license, accept key trade agreements and lock-in agreements, and other closing conditions for transactions of this nature. There is no guarantee that the conditions will be met or that the transaction will be completed.
About the wild run
Run It Wild is a multi-blockchain, metaverse and NFT development studio focused on art, collection and gaming. Through a variety of portfolio of blue-chip brands such as Alex Troops and David McLeold, creators such as Alex Trout and David McLeid have found the product market to be ideal for collaboration with brands. Web 3.0.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate and IP with metaphors, build and generate revenue from P2E and M2E games, and bring insights and benefits to public markets. Combining the gap between traditional capital markets and Web3 space, NFT Tech is hosting decentralized ownership, NFT, and Meta. Current projects include the establishment of GOAT Guild and Fuku.
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Careful note on future information
This press release contains some promising statements in the translation of the applicable insurance laws relating to the Company. These forward-looking statements are generally identified by words such as “believe”, “project”, “preserved,” “predict,” “predict,” “thought,” “strategy,” “future,” “opportunity,” “plan.” , “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” “” ” Available benefits; expansion of the company’s NFT and product offerings; potential benefits and needs of direct-to-consumer NFT projects; potential benefits, development and acceptance of Web 3 and related applications; continuity and value of Run It Wild employees; plans to accelerate growth; And ongoing public acceptance of NFTs. Many factors may differ materially from future statements in this press release, including, without limitation, the causes of the accident described in Prospectus. The forward-looking statements contained in this newsletter are clearly eligible for this warning. Face-to-face statements and information have been disclosed from this date and the Company is not obligated to publicly update or revise future statements or information with new information, future events or otherwise. , Unless otherwise required by applicable laws.
No warranty officer has endorsed or approved the content of this release. Neo Exchange has not reviewed or approved this press release on the merits or demerits of its content.
This release does not include a request to sell or resell any securities in the United States. Under the 1933 US Securities Act or any government guarantee, the guarantees are not registered or registered and cannot be offered or sold in the United States.
Unless you are enrolled in the US Securities Act and other relevant government insurance laws, or are exempt from this registration (as defined in Regulation S under the US Securities Act).
Check out the source version on businesswire.com https://www.businesswire.com/news/home/20220707005835/am/
Contacts
Email: ir@nfttech.com
Phone call +1 (604) 800-5838
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