VANCOUVER, British Columbia–(BUSINESS WIRE)–June 17, 2022–
NFT Technologies Inc.(NEO: NFT | Frankfurt: 8LO) (“NFT Tech”)a leading technology company for integrating decentralized ownership, NFTs and the metaverse for public markets, today announced the alpha launch of its exclusive Play 2 Earn (P2E) gaming platform that will enable more lucrative connections between players and games.
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The platform, which is expected to be fully launched this summer, solves the problem of discovery in games: it will allow players to find and play multiple P2E games at once and provide live feedback on games that offer the highest yields. The platform will also feature new games, events within those games, and statistics to help users decide which game to play based on the effort required, popularity, and volatility of the game currency. .
“Running GOAT Guild has optimized NFT Tech’s ability to understand what players need to maximize revenue,” said Wayne Lloyd, Executive Chairman of NFT Tech. “Launching this platform later this summer will allow us to capitalize on the big gaming season coming in Q4, as recent history has demonstrated that the gaming industry is more resilient during an economic downturn. recessions, video games provide a good source of entertainment as people tighten their belts and go out less.
The P2E gaming industry represents significant revenue opportunities right from the start, with the top ten games having a combined player base of just under 5 million. Major games like Axie have a market capitalization of around US$4 billion and a monthly player base of 700,000. To put that into perspective on the P2E growth margin, Activision’s Call of Duty had over 110 million active players per month in November 2020.
NFT Tech’s long-term vision for this platform is to grow a large user base of players earning gaming assets and create a marketplace that can facilitate player-to-player transactions, enabling cross-game transactions where Players can trade items in one game for items in another.
A similar platform that focuses on cryptocurrencies, Nansen, recently raised $75 million in Series B funding from GIC, Andreessen Horowitz (a16z), Tiger Global, and SCB 10X, along with other VCs. and leading angel investors.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate, and intellectual property in the metaverse, create and generate revenue from 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 integrates decentralized ownership, NFTs and the metaverse. Current projects include founding the GOAT Guild and Fuku.
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Wayne Lloyd, Executive Chairman
Caution regarding forward-looking information
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements are generally identified by words such as “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements in this press release include statements regarding the popularity and endurance of M2E games; benefits of investing in the Walken project; and the benefit to Walken of NFT Tech’s involvement in the project. information because the Company cannot guarantee that it will prove to be accurate. forward-looking statements and information relate to future events and conditions, they, by their very nature, involve inherent risks and uncertainties.Many factors could cause actual future events to differ materially from the forward-looking statements c contained in this press release, including, without limitation, the risk factors described in the Prospectus. Readers are cautioned that the above list of factors is not exhaustive. The forward-looking statements included in this press release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. , except as required by applicable laws
No securities regulatory authority has approved or disapproved of the contents of this press release. The Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “United States Securities Act”) or any state securities law and may not be offered or sold in the United States or
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KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: SOFTWARE MOBILE ENTERTAINMENT PROFESSIONAL SERVICES TECHNOLOGY GAMES CASINO/GAMING ENTERTAINMENT NFT
SOURCE: NFT Technologies Inc.
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PUBLISHED: 06/17/2022 17:43 / DISK: 06/17/2022 17:43