GFTX - GFTX STOCK NEWS

Global Fiber Technologies Inc. (OTC PINK: GFTX) announced a collaboration with MacguyverTech and Authentic Heroes to launch a new line of NFTs called 'PhygiTwins.' This innovative product combines physical vinyl records with digital NFTs using a QR code for unlocking. Set for release in time for the 2022 holiday season, this industry-first pairing aims to capitalize on the resurgence of vinyl records. The joint venture provides access to a vast music library, allowing for the creative fusion of analog and digital collectibles, enhancing GFTX's position in the NFT market.

Global Fiber Technologies (GFTX) has secured a second round of inventory financing to manufacture an additional 250,000 vinyl records, increasing its total inventory to 500,000 units. Due to rising interest from brick-and-mortar retailers, two major retailers have expressed intent to buy over half of the new inventory. The company anticipates revenue growth through its joint venture with InvenTel and new licensing opportunities. Plans for WEB 3.0 propositions, music NFTs, and the Metaverse further indicate potential for significant future revenue.

Global Fiber Technologies (OTC PINK: GFTX) announced its first inventory financing round, enabling its Authentic Heroes subsidiary to produce 250,000 vinyl records for retail demand. President Chris Giordano highlighted strong interest from brick-and-mortar stores, which positions the company to take purchase orders from major retailers. Collaborating with Maestro Entertainment, which offers a catalog of 17,000 Master Recordings, and InvenTel, known for extensive distribution, provides a significant opportunity in the vinyl market. A second financing round is underway to double inventory for the 'Old is Gold' label, anticipating high demand.

Global Fiber Technologies, Inc. (OTC PINK: GFTX) announced a joint venture through its subsidiary, Authentic Heroes, with N.S.U.C Entertainment Group. This collaboration will focus on the production and promotion of music, live events, and merchandise, leveraging N.S.U.C's extensive experience in the music industry. The venture aims to create unique fan experiences with music NFTs and collectible apparel made from authentic concert-worn clothing. The partnership is expected to enhance revenue streams and brand presence in the evolving music market.

Global Fiber Technologies, Inc. (GFTX) announced a joint venture with InvenTel to market Limited Edition vinyl records through its subsidiary Authentic Heroes. InvenTel boasts over 20 years in direct response marketing and has sold products to over 100 million customers. The joint venture, named Legacy Stars LLC, aims to leverage Maestro Entertainment's extensive music catalog to capitalize on the growing vinyl market, which saw a 50.4% sales increase in 2021, selling 41.7 million albums. This partnership promises to keep revenue within Global, enhancing shareholder value.

Global Fiber Technologies, Inc. (GFTX) has announced a joint venture with AI Arts, LLC, aiming to enhance its NFT and AI capabilities, particularly in the Metaverse. This partnership leverages the expertise of AI Arts founder Daniel Thurber, known for his innovations in virtual reality. The collaboration seeks to create unique projects that fuse AI-generated music and art, democratizing collectibles by linking digital and physical assets. The company anticipates significant advancements in AI-driven media and plans to keep shareholders updated on progress.

Global Fiber Technologies, Inc. (GFTX) announced a joint venture with Maestro Entertainment to leverage a vast music catalog containing over 17,000 songs, targeting merchandise in over 100,000 retail stores. The collaboration aims to meet the rising demand for vinyl records, predicting lasting interest from multiple generations. Additionally, the partnership will explore creating music NFTs combined with exclusive vinyl records and collectibles, utilizing advanced technology and marketing strategies. The company aims to finalize details soon and keep shareholders informed of progress.

Global Fiber Technologies, Inc. (OTC PINK: GFTX) has announced a Letter of Intent to form a joint venture with Maestro Entertainment. This collaboration aims to license Maestro's extensive music catalog, creating synergy for both companies. They intend to produce and sell Non-fungible Music Tokens and vinyl records, establishing a new record label and a digital multimedia studio in Tennessee. The venture is poised to enhance both physical and digital music offerings, while also benefiting artists through a charitable foundation. The transaction is expected to be finalized by year-end 2021.