NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) (“NFT Tech”),a leading technology company that partners with top brands to accelerate their entry into the web3 world through innovative technology and unparalleled creativity, is pleased to announce a strategic focus on golf and to partner with some of the world’s most iconic golf championships.
Golf joins tennis and table tennis by using NFT Tech’s innovative technology. This collaboration will span the web3 strategy, including digital collectibles, metaverse experiences and digital experiences that provide new and exciting ways for golf fans around the world to engage with the sport combining real-time data and sports analytics with digital memberships and blockchain-based rewards.
“We are humbled to work closely with world-class sports organizations to oversee innovative and creative web3 initiatives that will redefine golf engagement opportunities,” said Adam De Cata, CEO of NFT Tech. “There have been lots of lessons learned from our AO ArtBall and tennis fans, and we feel super confident that not only can we continue to grow our tennis project, but the opportunity in golf will connect to an even bigger sports fan base. We look forward to announcing the various events and broadcasts with our technology In the near future.”
NFT Tech has pioneered the use of live sports data in combination with NFTs to enhance the fan experience of live sporting events. The company has previously announced that its new approach to building web3 experiences now goes beyond line-calling technology, which is used in athletics, football, cricket, rugby and volleyball. This new partnership is a testament to that effort.
According to the National Golf Foundation, the number of Americans who play golf has increased by 10% in the past two years, bringing the total number of participants to 37.5 million and the total number who have followed golf on television or online, read about the game, or listened to a golf-related podcast in 2021 to 106 million. This is reflected in the fact that the audience for the game has become both younger and more diverse, say the foundation’s statistics.
“Our products are akin to fantasy leagues, where real-world game data is seamlessly integrated with a digital experience, enabling players to actively engage with sports on a frequent basis, driving their interest to watch more games, on because of their performance. teams,” Adam continued. “However, what sets our products apart is that we elevate the experience by providing players with an unprecedented level of utility through ownership of digital assets, thereby allowing them to reap rewards beyond the realm of traditional fantasy leagues – this is the future of digital memberships.”
According to a recent report by Straits Research, the global fantasy sports market is expected to reach a valuation of USD 78.5 billion by 2030, growing at a CAGR of 14% during the forecast period (2022-2030). The enormous growth of the market is largely due to the proliferation of digital infrastructure in developing regions. The report cites India and China as key examples, with the number of internet subscribers in India expected to reach 639 million by the end of 2020, and 900 million internet users in China by March 2020. The report also highlights the increase in average data consumption per subscriber, due to the availability of cheap smartphones and falling data prices. The growth of digital infrastructure, along with the availability of high-speed internet at affordable prices, is driving the development of the fantasy sports market in these regions.
AO Artball project which was awarded a Bronze Lion at the Cannes Festival is now in its second year – it can be seen ao.artball.io
About NFT Tech
NFT Tech builds products that accelerate web3 adoption by infusing utility into digital assets. The company’s technology is designed to increase consumer engagement, enable ownership of digital assets and discover new business models, making NFT Tech a trusted partner for global brands across many industries, including sports, entertainment and arts. NFT Tech’s award-winning studio is the recipient of the first ever Cannes Lion for an NFT activation, one of the most respected and well-known awards in the industry.
NFT Tech is publicly listed on the NEO exchange under the symbol NFT and on OCTQB under the symbol NFTFF. Bridging the gap between traditional capital markets and the web3 space, NFT Tech is mainstreaming the new era of the internet while bringing insights and benefits to the public markets.
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Warning regarding forward-looking information
This press release contains certain forward-looking statements within the context of applicable securities laws with respect to the Company. These forward-looking statements are generally identified by words such as “believes”, “projects”, “expects”, “anticipates”, “estimates”, “intends”, “strategy”, “future”, “possibility”, “plan”. , “may”, “should”, “will”, “would” and similar expressions. Forward-looking statements in this press release include statements relating to the completion of the acquisition of Run It Wild and the closing date thereof; benefits from the transaction and the appointment of Adam De Cata as Chief Executive Officer of NFT Tech; expansion of the company’s NFT development and product offering; potential benefits and requirements for direct-to-consumer NFT projects; potential benefits, development and acceptance of web3 and related applications; continued employment of Run It Wild employees and the value of their experience; plans to accelerate growth; and the continued public acceptance of NFTs; statements relating to the agreement with the golf organization and its end date; scope, exclusivity and length of engagement in partnership with the golf organization; the popularity of golf worldwide; continued viewership and growth of golf; development and acceptance of blockchain-based memberships; benefits of the agreement. Although the Company believes that the expectations and assumptions underlying such forward-looking statements and information are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Because forward-looking statements and information address future events and conditions, they inherently involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements 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, unless not required by applicable law.
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This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the 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 state securities law and may not be offered or sold within the United States or to
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