Axis Technologies Group Inc. (OTC: AXTG) signs strategic partnership with Wanhubaidian Electronic Digital Technology (Shenzhen) Co., Ltd.

Rhea-AI Summary

Axis Technologies Group (OTC Pink: AXTG) has formed a strategic partnership with Wanhubaidian Electronic Digital Technology to promote its metaverse project, TiENWORLD, in China. This collaboration is expected to solidify TiENWORLD's position within emerging metaverse initiatives as outlined by Shanghai's five-year plan. Notably, a study by Newzoo revealed 78% of Chinese consumers aged 14-50 are interested in engaging in game worlds, with 82% of those expressing optimism about the metaverse's benefits. The partnership aims to construct a virtual city, enhancing AXTG's influence in the growing digital landscape.

Positive

• Strategic partnership with Wanhubaidian enhances AXTG's market presence in China.
• Collaboration aligns AXTG with government initiatives for the metaverse, potentially leading to growth opportunities.
• High interest in metaverse among Chinese consumers (78% of ages 14-50).
• Positive outlook on metaverse benefits (82% of interested consumers).

Negative

• None.

Los Angeles, CA, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Axis Technologies Group, Inc. (OTC Pink: AXTG) ('AXTG' or the 'Company') has announced a groundbreaking strategic partnership with Wanhubaidian Electronic Digital Technology (Shenzhen) Co., Ltd ("Wanhubaidian)".,  the co-owner of a tradition agricultural logistic group with more than 6,000 members network in China.

Wanhubaidian will help promote AXTG's new metaverse project, TiENWORLD in China, This strategic partnership helps to secure TiENWORLD on the new metaverse initatives which is one of of the four frontiers for exploration, the Shanghai Municipal Commission of Economy and Information Technology said in its five-year plan for developing the electronic information industry.

According to gaming research firm Newzoo, 78 percent of Chinese consumers age 14-50 are interested in socializing within game worlds, significantly higher than markets like the U.S. (57 percent), Japan (47 percent) and the U.K. (47 percent). Of those interested, 82 percent are positive on the potential benefits of the metaverse.

By 2026, 25% of people will spend at least one hour a day in the metaverse for work, shopping, education, social and/or entertainment, according to Gartner, Inc. 

William Tien, President of AXTG, states that "Our Company and Wanhubaidian have move toward the building a new virtual city for Wanhubaidian Ciity (Which means Multiple Business in Thousand Shops in Chinese language) by acquiring virtual land and build virtual shops inside TiENWORLD."

About Wanhubaidian Electronic Digital Technology (Shenzhen) Co., Ltd.
A Shenzhen based technology integration and software support company. The main business includes supporting agricultural logistic and day to day mobile commerce to existing 6,000+ membership owned shops operate in whole of China. 

Axis Technologies Group, Inc.: Axis Technologies Group, Inc. (OTC Pink: AXTG) is a publicly traded holding company focused on the promotion, development, management and marketing of various aspects of businesses surrounding all aspects of decentralized finance (DeFi). Through acquisitions, strategic investments, and its current investment holdings, AXTG seeks to support, develop and take advantage of various blockchain, DeFi, NFT and metaverse projects, opportunities and initiatives. Please visit our site at www.AXTG.us for more information.

Safe Harbor Statement

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements. 

CONTACT:
Axis Technologies Group, Inc.
ceo@axtg.us 
Twitter: @AXTG2021
StockTwits: https://stocktwits.com/symbol/AXTG

FAQ

What is the significance of AXTG's partnership with Wanhubaidian?

The partnership enhances AXTG's market presence in China and supports the promotion of its metaverse project, TiENWORLD.

What is TiENWORLD?

TiENWORLD is a metaverse project by AXTG aimed at creating a virtual environment for social and commercial interactions.

How does this partnership align with Chinese government initiatives?

It aligns with Shanghai's five-year plan to develop metaverse initiatives, positioning AXTG favorably within the booming digital economy.

What percentage of Chinese consumers are interested in the metaverse?

According to Newzoo, 78% of Chinese consumers aged 14-50 express interest in socializing within game worlds.

What are the expected benefits of the metaverse according to consumers?

A significant 82% of Chinese consumers interested in the metaverse view it positively for its potential benefits.