NFT TECHNOLOGIES INC - NFTFF STOCK NEWS

NFT Technologies Inc. (NEO: NFT | OTCQB: NFTFF) has released a report analyzing web3 technology adoption among top brands from 2022 to Q1 2023. The report reveals that 315 brands initiated 526 web3 projects, with 40% of these projects lasting over a year. Despite tightening market conditions, the report indicates continued brand interest in web3, highlighting real-world applications of NFTs. The report categorizes brands based on quality metrics, such as aesthetics and originality. Notable brands included in the study are the Australian Open and Elvis Presley Enterprises. CEO Adam De Cata emphasized the significance of meaningful NFT use cases as brands move beyond initial hype. This comprehensive analysis illustrates NFT Tech’s dedication to advancing web3 strategies and reinforcing digital asset ownership among global brands.

NFT Technologies Inc. (OTCQB: NFTFF) has successfully closed the first tranche of its non-brokered private placement, raising $350,000 by issuing 7,000,000 units at $0.05 per unit. Each unit comprises one common share and one-half warrant, with a warrant share price of $0.10 for a six-month period. Insider participation occurred, totaling 1,000,000 units, exempt from minority shareholder approval under MI 61-101. The funds will be used for general corporate needs, pending regulatory approval. All issued securities will be under a hold period of four months and one day.

NFT Technologies Inc. (OTCQB: NFTFF) has completed the acquisition of Run It Wild as of February 23, 2023. Following this, the company announced a non-brokered private placement of up to 20 million units at $0.05 each, targeting gross proceeds of $1 million. Each unit includes one common share and a half warrant, exercisable at $0.10 for six months. Proceeds will fund general corporate expenses. The company also appointed Mark Leung as CFO, succeeding Frank Guo, to lead financial strategies for growth in 2023.