Cal-Bay International Expands NFT Market Focus Including New Updated Website

Rhea-AI Summary

Cal-Bay International (CBYI) has announced its expansion into the NFT market, establishing a dedicated fund for acquiring unique digital assets. This initiative aims to capitalize on the rapid growth of NFTs, which soared from $13.7 million in sales in 2020 to $2.5 billion in the first half of 2021. The company plans to create an incubation lab for NFT creators, collaborate with artists and influencers, and launch an NFT studio and college. By focusing on undervalued digital assets, Cal-Bay seeks to enhance shareholder value and support philanthropic causes through its digital assets.

Positive

• Establishment of an NFT fund to acquire unique digital assets.
• Projected growth in the NFT market, with sales increasing to $2.5 billion in the first half of 2021.
• Plans to create an incubation lab for NFT creators, enhancing innovation in the sector.
• Collaboration with artists and influencers for maximum exposure of early-stage projects.
• Future opening of an NFT studio and showroom, fostering company visibility.

Negative

• None.

HENDERSON, NV / ACCESSWIRE / September 9, 2021 / Cal-Bay International, Inc (OTC:CBYI) today announced the Company is expanding the focus in the NFT (Non-Fungible Token) market and establishing an NFT fund specifically for the purchase of unique digital assets. An NFT is a unique digital asset which is designed to represent the ownership of a virtual item or artwork. The fund will enable the opportunity of early investment within the development stage and undervalued NFT art. The fund will also include creating an incubation lab for NFT creators designed to properly develop and launch NFT's via social channels, strategic marketing, partnering with the established platforms, identifying undervalued NFTs, and establishing a new genre to be the first to market in those new verticals.

The platform further will be collaborating with NFT artists and social influencers to provide the maximum exposure to early-stage projects. Investing in digital projects in the early stages of a project will allow Cal-Bay to both support the NFT industry as well as create greater opportunities for value investing in potentially rare and valuable digital assets. Opportunities such as these enable Cal-Bay to maximize revenues and value from digital acquisitions and create future partnerships with creators in the NFT and digital asset world.

The NFT market is a rapidly growing industry within the digital asset space. The NFT market, although still in the stage of early adoption, is on track to break records seen in the first 6 months of 2021. NFTs have seen a swift increase in interest in 2021, growing from $13.7 million in sales in 2020 to $2.5 billion in the first six months of 2021, as reported by Fox News. Cal-Bay's early adoption and investments in the NFT space is an investment in future technologies and services that will add significant value to the company in the future. Cal-Bay looks to pave the way for traditional investors in a new era of investing. Cal-Bay plans to become a leader in new investment opportunities across these platforms.

The fast-paced NFT world is starting to see strong support from investors like Visa, Nike, and Cal-Bay. Digital assets and NFT technologies are the clear future for financial transactions and investments. Cal-Bay is looking to invest promptly into these technologies and sees strong growth for the future to come in the digital asset and NFT sector. Cal-Bay has identified and is currently identifying future opportunities to collaborate with and additionally acquire digital assets with significant value to shareholders.

Future opportunities can include some of the hottest digital assets of 2021 such as Cryptopunks, Bored Ape, Loot, Adventure. Cryptopunks have one of the highest market caps of any NFT projects, valued at $3.1 billion at the time of writing this article. NFT projects like Cryptopunks have drawn investors such as Visa, who purchased a $150,000 NFT of a Cryptopunk in 2021. NFTs such as Cryptopunks are prime examples of the powerful potential of the NFT industry. NFT collections such as Cryptopunks and Bored Apes have just begun to see the potential and power of digital asset acquisition investing.

With digital assets such as rare Cryptopunks gaining support from investors like Visa, Cal-Bay sees strong support and a bright future for digital assets and NFTs in particular. Cal-Bay's objective is to become a collaborative company within the NFT space and provide value to the company's net profits as well as shareholder value.

Cal-Bay will be working with important social, and humanitarian causes to create special NFTs to support these causes by providing all of the Company's resources to bring a strong light to these causes. The projects in which Cal-Bay will take a part in are crucial to the wellbeing of many organizations and people and are necessary to be addressed through humanitarian support. Opportunities in the digital asset market can be multipurpose, philanthropic as well as investment opportunities in both the present and future investing.

Cal-Bay plans on opening their first NFT studio and showroom sometime in 2022 and at the same time, the Company is planning on creating a Cal-Bay NFT college in collaboration with different platforms and influencers to support the NFT industry. Collaborating with influencers and different platforms is crucial to fostering relationships and becoming a leader in the NFT market.

About Cal-Bay International.

A Publicly traded holding company for innovative Medical Technologies, Digital Assets and creating a Philanthropic Foundation through digital asset technologies to support causes in the US and around the world. www.cbyintl.com

The Company further plans to create an advisory board to identify organizations who desire to promote the welfare of others, especially by focusing on utilization of our digital asset technologies to support these causes.

Cal-Bay today launched the new website integrating the new look and direction for the Company.

Important Links:

https://theconversation.com/nfts-are-much-bigger-than-an-art-fad-heres-how-they-could-change-the-world-159563

https://www.cnbc.com/2021/08/25/12-year-old-coder-made-6-figures-selling-weird-whales-nfts.html

https://www.reuters.com/technology/nft-sales-volume-surges-25-bln-2021-first-half-2021-07-05/\

Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Cal-Bay, CBYI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Cal-Bay International Inc.

Contact:

Cal-Bay International, Inc
Contact: (877) 372-0716
Email: info@cbyintl.com
Website: www.cbyintl.com

Investor Relations:

Andrew Barwicki
(516)662-9461
http://www.barwicki.com/

SOURCE: Cal-Bay International, Inc.

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FAQ

What new initiative has Cal-Bay International (CBYI) announced regarding NFTs?

Cal-Bay International announced the establishment of an NFT fund dedicated to acquiring unique digital assets.

How much did NFT sales increase in the first half of 2021?

NFT sales soared to $2.5 billion in the first half of 2021, a significant increase from $13.7 million in 2020.

What are Cal-Bay's plans for supporting NFT creators?

Cal-Bay plans to create an incubation lab for NFT creators and collaborate with artists and influencers to maximize exposure.

When does Cal-Bay plan to open its NFT studio and showroom?

Cal-Bay plans to open its first NFT studio and showroom sometime in 2022.

What is the goal of Cal-Bay's expansion into the NFT market?

The goal is to enhance shareholder value and support humanitarian causes through digital assets.