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NFT Tech Announces No Exposure to FTX, Alameda, or FTT Token
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF) confirmed it has no financial exposure to FTX Trading Limited, which recently filed for Chapter 11 bankruptcy, nor to the FTT token. This statement highlights the company's commitment to maintaining transparency, regulated by the British Columbia Securities Commission. NFT Tech focuses on bridging traditional capital markets with Web3 technology, developing infrastructures for decentralized ownership and NFTs.
Positive
No financial exposure to FTX Trading Limited or the related FTT token, ensuring no direct impact from the bankruptcy.
Commitment to transparency as a publicly regulated company by the British Columbia Securities Commission.
Negative
None.
VANCOUVER, British Columbia--(BUSINESS WIRE)--
NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or "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, confirms that it has no exposure to deposits or investment in FTX Trading Limited or affiliated companies (“FTX” or “FTX Group”), including Alameda Research (“Alameda”), in light of FTX Group and Alameda recently filing for protection under Chapter 11 of the U.S. Bankruptcy Code. NFT Tech also confirms there is no exposure to the related FTT token (“FTT”).
NFT Tech is a public company regulated by the British Columbia Securities Commission (“BCSC”) and operates with transparency, providing regular quarterly financial statements and disclosures, which can be found under the Company’s issuer profile on www.sedar.com.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate and IP in the metaverse, build and generate revenue from web3 games and assets, and bring insights and benefits to the public markets. By bridging the gap between traditional capital markets and the Web3 space, NFT Tech is mainstreaming decentralized ownership, NFTs, and the metaverse.
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.
