Australian Open Metaverse Announces Mint for AO23 ArtBall

Rhea-AI Summary

NFT Technologies Inc. (OTCQB: NFTFF) announced the minting schedule for the AO ArtBall 2023 project, in partnership with Tennis Australia. A Dutch auction for public minting will commence on January 12, starting at 0.5 ETH (approximately $645). This year introduces 'Match Point equivalent tickets', allowing holders of ArtBalls that score significant matches to claim tickets for future events. The collection has expanded to include 2,454 new ArtBalls and a new Collaborator series featuring multiple iconic brands. This initiative aims to deepen fan engagement and enhance the overall experience.

Positive

• Launch of AO ArtBall 2023 with innovative features like Match Point ticketing.
• Expansion to include 2,454 new ArtBalls, enhancing market offering.
• Collaboration with top-tier brands increases value for NFT holders.

Negative

• None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) ("NFT Tech"), a leading technology company partnering with top-tier brands to accelerate their entry into the world of web3 through innovative technologies and unparalleled creativity, is pleased to announce that its project with Tennis Australia, AO Metaverse has announced mint schedule for ArtBall 2023.

A Dutch auction^[1] for the public minting of the AO ArtBall 2023 will take place on January 12 (Midday PT 3pm ET) with a starting price of 0.5 ETH (USD$645 equivalent, live price here).

“Last year we set a new precedent at the intersection of tech, art, tennis and live data,” said Adam De Cata, CEO of NFT Tech. “This year we're breaking new ground in offering all Members new benefits and a deeper fan experience in perpetuity for all future AO tournaments. We are pleased to offer our AO22 supporters a unique opportunity to join the waitlist and secure their ArtBalls.”

New for AO23 is Match Point equivalent tickets. Any AO ArtBall that scores a Match Point on the AO23 court, will receive a claim for two tickets to the equivalent match at AO24. Meaning if an AO ArtBall scores the Match Point from the Men’s or Women’s Singles Final, the AO23 ArtBall Member gets two complimentary tickets to the Men’s or Women’s Singles Final at AO24, respectively.

The project has added 2,454 new AO ArtBalls with 115 ArtBalls in a new Collaborator series. Since AO22 the project team has been curating a Collaborator ensemble to deliver even more value to our Members and establish a new frontier in token-gated experiences. Our new ‘Collaborator’ series brings additional designs and benefits from iconic projects and brands, including Collective Shift, Creature World, Crypto Chicks, Chainlink, Decentraland, Joyride Games, Marriott International, Metakey, Opensea, Penfolds, the Nouns Foundation, and others.

AO ArtBall exists at the intersection of sport and innovation and offers a membership that unlocks a new arena to keep fans in the game – on and off the court. Membership is accessible via AO ArtBall, a collection of 6776 NFTs from the ‘22 collection and 2454 NFTs from ‘23 collection (totalling 9230 ‘23 court plots), providing holders with an unprecedented level of tickets from premier tennis, sport, and entertainment events as well as unique rewards from leading Web3 projects, covering both real worlds and virtual worlds. Each ArtBall is linked to a plot on the court. If the winning shot from any of the ~400 AO matches lands on that plot, the ArtBall is updated in near real-time to highlight the match information, provide 3D visualization of the Match Point, and attach a holographic sticker to the ball casing showing it’s a Match Point ArtBall.

[1] A Dutch auction (also called a descending price auction) refers to a type of auction in which an auctioneer starts with a high price, incrementally lowering the price until someone places a bid. The AO23 Dutch auction will start at 0.5ETH, lowering by 0.04 ETH every 15 mins.

Where to find out more about AO Metaverse

Mint site: https://ao-2023.artball.io/
Subscribe: https://ao-2023.artball.io/join-us
Opensea: https://opensea.io/collection/ao-artball
Twitter: https://twitter.com/AOmetaverse
Discord: https://discord.com/invite/aometaverse
Linktree: https://linktr.ee/aometaverse

About NFT Tech

NFT Tech builds products that accelerate web3 adoption by infusing utility into digital assets. The company’s technology is designed to increase consumer engagement, enable digital asset ownership, and discover new business models, making NFT Tech a trusted partner to global brands across many industries, including sports, entertainment, and art. NFT Tech’s award-winning studio is the recipient of the first-ever Cannes Lion for an NFT Activation, of the most respected and well-known awards in the industry.

NFT Tech is publicly listed on the NEO exchange under the symbol NFT and on OCTQB under the symbol NFTFF. By bridging the gap between traditional capital markets and the web3 space, NFT Tech is mainstreaming the new era of the internet while bringing insights and benefits to the public markets.

Follow us on social media:
twitter.com/nfttech
medium.com/@nfttechnologies

Cautionary Note on Forward-Looking Information

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements in this press release include statements relating to the completion of the agreement with Sony’s Hawk-Eye Innovations, closing date thereof; benefits realized from the deal; expansion of the Company's NFT developments and product offerings; potential benefits and demands for direct-to-consumer NFT projects; potential benefits, development, and acceptance of web3 and related applications; plans for accelerating growth; and the continued public acceptance of NFTs. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release including, without limitation, the risk factors described in the Prospectus. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230110005480/en/

Wayne Lloyd

Executive Chairman

ir@nfttech.com

+1 (604) 800-5838

Source: NFT Technologies Inc.

FAQ

What is the minting schedule for AO ArtBall 2023?

The public minting of AO ArtBall 2023 will begin on January 12, starting at a price of 0.5 ETH.

What are the benefits of holding an AO ArtBall?

Holders can claim tickets to future matches when their ArtBall scores a Match Point, enhancing the fan experience.

How many new ArtBalls are being introduced in AO ArtBall 2023?

2,454 new AO ArtBalls are being added in the AO ArtBall 2023 project.

What is the Dutch auction format for AO ArtBall minting?

The Dutch auction will start at 0.5 ETH and lower by 0.04 ETH every 15 minutes until sold.

What brands are involved in the AO23 Collaborator series?

The Collaborator series includes brands like Collective Shift, Creature World, Crypto Chicks, and Marriott International, among others.