Continued Coverage: Breaking News Out Today On Tech Idea (NFTFF)
We're continuing coverage on recent profile NFT Technologies Inc. (NFTFF), and for good reason.
This week the company dropped two potentially game-changing press releases. Check them out:
NFT Tech Announces Significant Increase in Pipeline for NFT Strategies and Launches
VANCOUVER, British Columbia, August 16, 2022--(BUSINESS WIRE)--NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the "Company" or "NFT Tech"), a leading technology company mainstreaming decentralized ownership, NFTs and the metaverse for public markets, announced significant growth in its project pipeline off the back of recent partnership announcements.
Following the signing of multi-year contracts with major brands, NFT Tech continues to over-deliver on partnership and contract goals and expects to close several more by year-end. The Company has already announced partnerships with the Australian Open, Elvis Presley Enterprises, Sony Sports, and an exclusive multi-year deal with World Table Tennis.
"The inbound we’re seeing has been amazing," said Adam De Cata, CEO of NFT Tech. "Our pipeline continues to grow extremely fast, even seeing deals coming our way from major block-chain companies. We’ve identified a massive gap in the market where there’s a void of capable teams working with both the creative and technical aspects of block-chain development that can deliver innovative projects with massive utility to major brands and to their users. I’m excited to continue to bring brands into web3, faster than even I expected."
Revenue increases are reflecting these successes, with NFT Tech reporting nearly $1M CAD in revenue (CAD$923k) as projects start to roll out. With its focus on the resale royalties, the Company expects to see ramping revenues which would represent a recurring revenue model based on the number of projects launched into the space.
"We’re frequently asked why major brands pick us, and what makes us different," continued Adam. "The truth is we’re not simply an award-wi-nn-ing NFT studio that offers web3 strategy. NFT Tech supports our clients throughout the web3 journey: from idea to project execution and launch. This is because companies often come to us knowing they should be doing something in web3 but have no idea where to start. On top of this, we have a long track record of working with the world's largest open Metaverse projects like Decentraland and Sandbox and the client is able to feel comfortable they’ll be receiving great value. It’s also worth commenting on the advantages of being a public company, when working with major brands being public gives them a serious sense of security in an industry that is still flooded with bad players."
Read the full article here.
Wow. That's huge. And when you factor in some of the company's other huge news from August (below), NFTFF could be a force to be reckoned with moving forward.
8/10/22: NFT Tech Announces Multi-Year Deal With World Table Tennis
"I’m extremely excited for what we’ll be able to show off to the world," said Adam De Cata, CEO at NFT Tech. "Table tennis is exploding in terms of global popularity and participation and the WTT has been very forward-looking and progressive in leading sports technology innovation. We’re going to be able to build exciting multi-faceted experiences that further elevate fan and player engagement including play-to-earn, which in itself is a multiple-Bn-dollar opportunity space."
8/5/22: NFT Tech Announces Compatibility with Meta’s NFT Rollout
"Although in its infancy, Meta’s position is a true indicator that we are transitioning into web3," said Adam De Cata, CEO of NFT Tech. "As we launch some of the world’s most prestigious brands and creators in web3, it’s crucial that we extend access to the digital IP and its utility to the widest possible audience."
8/3/22: NFT Tech Partners with Sony’s Hawk-Eye Innovations to Strengthen Foothold in Sports NFTs
"Sport Leagues worldwide are constantly looking for ways to increase viewership and connect deeper with fans," said Adam De Cata, NFT Tech CEO. "Fantasy sports is extremely popular and acts as a huge viewership increase, encouraging the middle segment of fans to stay engaged during the regular season. We’re excited to be joined by Sony as we pioneer unique block-chain use cases for the sporting and entertainment industry."
I've attached some highlights from my initial report on NFTFF to give some more details for those who didn't catch it the first time around.
Take a moment to read below and get NFTFF on your screen quickly.
*NFT Technologies Inc. (NFTFF)*
NFT Tech works to develop infrastructure, assets, real estate, and IP in the metaverse, build and generate revenue from P2E and M2E games, and bring insights and benefits to the public markets.
By bridging the gap between traditional capital markets and the Web3 space, NFT Tech is mainstreaming decentralized ownership, NFTs, and the metaverse.
And right now, NFTFF has 5 potential breakout catalysts to soak in. Check them out:
No. 1 - Listing, Listing, And More Listing
No. 2 - Maybe Most Important Acquisition To Date + New Company CEO
No. 3 - Acquisition Provides Access To Million Games Worldwide
No. 4 - Alpha Launch Announcement of P2E Gaming Platform
No. 5 - Participation In New M2E Project "Walken"
But more on those in a second...
The Nuts And Bolts: What Makes NFT Tech Run (1)
NFT Technologies Inc. is working in the NFT space of unique digital assets and environments to develop new technologies, in-vest in digital assets and meaningful engagement in the Metaverse, and advise creators and platforms in the space.
The business of the Company is focused on three main business lines: (i) technology; (ii) in-vest-ing; and (iii) consulting. The technology business line is focused on emerging technologies and creating new intellectual property in the NFT space. The in-vest-ing business line is focused on the acquisition and trade of NFTs, including creating and maintaining a curated portfolio of collectible NFTs, in-vest-ing in or potentially acquiring emerging companies whose focus is on developing technology and launching NFTs and the generation and sale of tokens in connection with "play to earn" ("P2E") block-chain games and associated gaming guilds. The consulting business line is focused on assisting clients with the launch and marketing of their own brand of NFT.
The NFT space is a new and growing space which includes the collection and sales of individual tokens, the platforms through which they are sold and traded and the evolving worlds of the Metaverse. With any new industry may come emerging technologies that furthers its growth. At NFT Tech, they intend to in-vest in and develop new technologies that they believe fit into and enhance the future of NFTs across the digital asset, cryp-to-currency and block-chain technology sector. Current anticipated pipeline projects include technologies that improve the user experience of acquiring and organizing NFTs, more efficiently manage gaming guilds, and to ease and enhance the process of launching NFTs for specific industries. They believe that with their expertise, position in the industry and understanding of the NFT market, they can deploy capital and resources to build and launch technology that helps move the industry forward.
Through their in-vest-ing business line, their team aims to (i) manage a diverse portfolio of specially curated NFTs; (ii) support platforms and creators in the digital asset ecosystem; and (iii) actively participate in the P2E gaming ecosystem. 'As part of their in-vest-ment strategy, they have founded a block-chain-based gaming guild, known as the GOAT Guild (the "Guild") to engage in P2E block-chain games and engage in the secondary NFT resale market associated with such games.
They offer advisory services in the NFT sector to analyze potential customer's brand, audience and platforms and to help the customer determine what type of NFT may work best for them. Any work required to develop and mint the customer's NFT or tokens, such as coding, video editing and other creative work, is done in-house. After the NFT is created, the Company organizes and executes the launch in collaboration with the creator to maximize attention and traction.
The Company's strategy in connection with launching advisory services is to work with clients on a percentage based compensatory scheme. Through its project-launching advisory services, the Company intends to: (a) acquire new NFTs from individual launches for its NFT portfolio; (b) increase market awareness of its services through high-profile launches; and (c) increase opportunity for partnership marketing. They may offer consulting services in exchange for cash, tokens from a TGE or other assets and/or stakes in the projects on which they consult on.
NFT Tech Project Examples
P2E Games - Where you can earn real money while playing a game in the Metaverse.