Grab More NFTG Info From Their Recent Prospectus.
And as I mentioned above, NFTG has several potential catalysts to soak in right now. Check them out:
No. 1 NFTG Potential Catalyst - NFTG Lists On The Nasdaq Creating A Ton Of Exposure
The NFT Gaming Company, Inc. Announces Closing of $7Mn Initial Public Offering
Roseland, NJ , Feb. 17, 2023 (GLOBE NEWSWIRE) -- The NFT Gaming Company, Inc. ("NFT Gaming" or the "Company"), a company developing a digital gaming platform and community that will offer users the ability to mint unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or “NFTs,” today announced the closing of its initial public offering of 1,686,747 shares of common st-ock (the “Common St-ock”) at a public offering price of $4.15 per share of Common S-tock, for aggregate gross proceeds of approximately $7Mn, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters’ option to purchase any additional securities as described herein. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 253,012 shares of Common at the public offering price less the underwriting discounts and commissions, to cover over-allotments, if any.
The Company’s Common St-ock began trading on the Nasdaq Capital Market under the symbol “NFTG” on February 15, 2023.
Read the full article here.
No. 2 NFTG Potential Catalyst - Volatility Could Pop Up At A Moment's Notice (Low Float Profile)
According to the Finviz website, NFTG has a low float.
The website reports this profile to have approximately 9.40Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could positive 2023 company news help provide a near term spark?
No. 3 NFTG Potential Catalyst - The NFT Market Has Been Booming In Recent Years (Future Could Be Even Brighter)
The NFT industry is experiencing exponential growth which could create a significant opp. for the Gaxos platform and ecosystem.
According to NonFungible, NFT sales totaled just over $17Bn in 2021, compared to approximately just $183Mn in 2020, with an average price of $807.
However, in March 2021, a digital-only artwork created by Mike Winkelman, aka the digital artist Beeple, sold for approximately $70Mn at a Christie’s auction.
Additionally, the largest NFT marketplace, OpenSea, has now traded over $10Bn in total volume.
NFT games generated $2.32Bn in revenue in the third quarter of 2021, according to data compiled in the annual report by the Block-chain Game Alliance.
That was roughly 22% of all NFT trading volume industry-wide in the quarter as block-chain games gathered steam.
NFTs in the Gaming Industry
NFT games generated over $5Bn in revenue in 2021, according to data compiled by NonFungible. That was roughly 30% of all NFT trading volume industry-wide.
As of the end of 2021, the most successful block-chain game was Axie Infinity. The game generated more than $4Bn in lifetime sales and accounted for approximately 66% of the market in 2021.
NBA TopShot was second in sales volume with $800Mn traded.
Fortune Business Insights estimate that the global gaming market was over $200Bn in 2021 and is expected to grow to approximately $550Bn by 2028.
Block-chain gaming represented a little over 2% in 2021 and is expected to grow to over 10% of the market by 2026.
No. 4 NFTG Potential Catalyst - An Experienced Management Team Provides Special, Untold Value
This dream team could lead NFTG to become a household name in the near future. Read about them now:
Chairman & Chief Executive Officer
Mr. Mats was Chief Financial Officer of DatChat, Inc. (NSDQ: DATS) from July 2021 to January 2022 and supported the company’s successful IPO on Nasdaq. From March 2018 to June 2021, Mr. Mats served as Chief Financial Officer of Grand Private Equity, a fintech-focused family office with investments and operating business in cryp-to-currency and block-chain products.
Mr. Mats is also the Founder and Partner of BespokeCFO, a finance and accounting advisory practice. From June 2010 to December 2016, Mr. Mats was Chief Financial Officer of a hedge fund based in New Jersey. Prior to that, Mr. Mats was the Assistant Controller at Eton Park Capital Management, LP, a multi-strategy fund, from July 2007 to December 2009.
Mr. Mats holds a Master of Science degree in accounting and finance and a bachelor’s degree in business administration specializing in finance and investments from the Zicklin School of Business at Bernard Baruch College. Further, Mr. Mats is a CAIA © Charterholder and a Certified Public Accountant in the State of New York.
Steven A. Shorr
Chief Financial Officer
Mr. Shorr is an accomplished accounting professional with over 30 years of experience. Since 2006, he has been Partner of Jubran, Shorr & Company, a tax, accounting, and advisory firm. In 2001, Mr. Shorr founded Steven Shorr CPA, an accounting and tax practice, operating until 2006. Prior to 2001, he served as the Controller of CounterPoint Capital Management, a New York-based hedge fund. Mr. Shorr has also previously worked for public accounting firms, Kenneth Leventhal & Company and Cavalcante & Company. Mr. Shorr earned his Bachelor of Arts degree in Accounting from Queens College and is a Certified Public Accountant in the State of New York.
Head of Game Operations
Mr. Benor spent the last 15+ years building, leading, and exiting Adtech and Martech businesses since the nascent stages of the industry. His most recent company, Mode Technologies, Inc. after a merger with Carbon RMP, was acquired by Magnite, Inc. (NSDQ: MGNI), an operator of an independent sell-side marketing platform. Mr. Benor helped advertisers position their brand and accelerate growth, and enabled publishers to increase revenue through real-time data analysis.
His leadership and experience spans building and investing in digital marketing and advertising, e-commerce, gaming, cryp-to-currency, and non-fungible tokens (NFTs). Mr. Benor holds a bachelor’s degree in business administration specializing in finance and investments from the Zicklin School of Business at Bernard Baruch College.
More Bio Info Here.
NFTG Recap - These Potential Catalysts Could Provide A Near Term Breakout Spark
No. 1 - NFTG Lists On The Nasdaq Creating A Ton Of Exposure
No. 2 - Volatility Could Pop Up At A Moment's Notice (Low Float Profile)
No. 3 - The NFT Market Has Been Booming In Recent Years (Future Could Be Even Brighter)
No. 4 - An Experienced Management Team Provides Special, Untold Value
Coverage is officially initiated on NFTG. When time allows: