FACT Inc. (OTC: FCTI) Finds Niche in Ensuring Authenticity in Art, Collectibles Market

Rhea-AI Summary

FACT Inc. (OTC: FCTI) is transforming security in the art and collectibles sector by leveraging forensic technology used by law enforcement. Their innovative suite, FACT (Forensic Asset Certification Technology), offers comprehensive tools for authenticating and tracking fine art and collectibles, ensuring real-time data security on the blockchain. The rise of NFTs underscores the market's evolution, with significant sales highlighting the growing importance of authentication in preserving value. FACT's services are vital for collectors, dealers, and auction houses alike.

Positive

• Introduction of FACT suite enhances security in art and collectibles market.
• Utilizes forensic technology for authentication, ensuring increased trust.
• Blockchain technology used for secure data storage and real-time access.

Negative

• None.

NEW YORK, April 09, 2021 (GLOBE NEWSWIRE) -- NetworkNewsAudio – FACT Inc. (OTC: FCTI) announces the availability of a broadcast titled, “NFT’s and Revolutionizing Security in the Art and Collectibles Market.”

To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast

To view the full editorial, please visit: https://nnw.fm/IqURm

An NFT can be anything digital: a song, a video, a GIF or even a tweet. Sports videos are spiking in value, including an NFT of a video clip of a Lebron James dunk recently selling for over $200,000. The white-hot commodity today is art, as evidenced by Mike Winkelman, a digital artist known as Beeple, selling his JPEG titled, “Everydays — The First 5000 Days” at a Christie’s online auction for a stunning $69.3 million, including fees. Just as with any great piece of artwork or cultural property, replicas or copies can be made for distribution, but NFT’s are the one-of-a-kind original.

With worldwide reach, FACT Inc. (OTCPK: FCTI) is revolutionizing security for the art and collectibles market. Using forensic technology presently used by global law enforcement agencies for ballistics, FACT provides products and services to authenticate and analyze fine art and collectibles. FACT offers an eponymous turnkey suite of products, called FACT, an acronym for Forensic Asset Certification Technology, for comprehensive data collection and tracking to ensure the authenticity of any item.

About FACT Inc.

FACT (Forensic Asset Certification Technology) is a global organization that is revolutionizing security for the art and collectibles market. FACT utilizes ballistics technology, currently employed by global law enforcement agencies, to authenticate and analyze fine art and collectibles. FACT offers a suite of robust collection management products that includes authentication, condition reporting, GPS tracking, and provenance data – all stored securely on the blockchain and accessible in real time to the consumer. The FACT software application is applicable to various channels within the fine art and collectible industry including secured lending, insurance, dealers, auction houses, grading companies, and private collectors. FACT is headquartered in Toronto, Ontario.

For more information, visit the company’s website at www.FactSecured.com.

NOTE TO INVESTORS: The latest news and updates relating to FCTI are available in the company’s newsroom at https://ibn.fm/FCTI.

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FAQ

What is FACT Inc. (FCTI) focusing on in the art market?

FACT Inc. is revolutionizing security for the art and collectibles market using forensic technology for authentication.

How does FACT's technology improve art authentication?

FACT employs forensic Asset Certification Technology to provide robust data collection and tracking to ensure authenticity.

What is the significance of NFTs for FACT Inc. (FCTI)?

NFTs highlight the importance of secure authentication in preserving the value of digital and collectible assets.

Where can I find more information about FACT Inc.?

More details can be found on their website at www.FactSecured.com.

What market need does FACT Inc. (FCTI) address?

FACT addresses the growing need for secure and reliable authentication in the burgeoning art and collectibles market.