NFT TECHNOLOGIES INC - NFTFF STOCK NEWS

NFT Technologies Inc. has appointed Frank Guo as the new CFO, effective immediately, replacing Inar Kamaletdinov. Guo brings over a decade of experience, including roles in M&A strategy and finance operations at Mantaro Capital Corp. and RBC Capital Markets. The CEO, Adam De Cata, expressed confidence that Guo's expertise will enhance the company's growth in the web3 space. The Board thanked Kamaletdinov for his leadership and noted his ongoing support during the transition.

NFT Technologies Inc. (NFTFF) announced a non-brokered private placement aiming to raise up to C$2,000,000 through the sale of 13,333,333 Units at $0.15 each. The offering is expected to close around October 5, 2022. Each Unit consists of one common share and one purchase warrant, exercisable for $0.30 per share within two years. Proceeds will fund the acquisition of Run It Wild and for general working capital. The Units will be offered under exemptions in Canada and the U.S. No minimum funding is required.

NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF) has announced its entry into the loyalty and reward market, leveraging NFTs to innovate loyalty programs.

The global loyalty market is valued at USD 7.8 billion and is expected to grow at a 10.5% CAGR from 2022 to 2030. CEO Adam De Cata highlighted challenges in existing loyalty programs, such as customer dissatisfaction and data privacy concerns. By employing NFTs, the company aims to enhance customer experiences and engagement, offering personalized rewards and exclusive access through blockchain technology.

NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF) has launched the Elvis Legacy Council, a groundbreaking initiative aimed at engaging Elvis fans in the governance of his digital estate. This council allows fans to propose and vote on decisions that shape Elvis’ legacy using blockchain technology. The project includes exclusive NFTs, digital wearables, metaverse experiences, and access to licensed content from major music labels. The legacy IP market is valued at over $2 billion annually, with Elvis' estate generating $30 million in 2021 alone. This innovative approach seeks to enhance fan engagement and preserve Elvis’ legacy.

NFT Technologies, a leader in decentralized ownership and NFTs, announced significant growth in its project pipeline due to recent partnerships with major brands. The company has secured multi-year contracts with entities like the Australian Open and World Table Tennis, expecting to continue closing deals by year-end. Reported revenues are nearly $1 million CAD from initial project rollouts, with plans for five additional projects by year-end. The Australian Open NFT project was notably successful, generating $3 million AUD within three minutes of launch, contributing to significant secondary trading volumes.

NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF) has entered into a multi-year partnership with World Table Tennis (WTT) to develop a comprehensive web3 strategy. This initiative aims to enhance fan engagement, digital collectibles, and gaming experiences for WTT's extensive fanbase of 519 million. The partnership is seen as a significant move to leverage NFT Tech's expertise in technology innovation within sports, creating opportunities in the play-to-earn sector. This collaboration builds on NFT Tech's momentum from the Australian Open, with ambitious plans for multi-faceted fan experiences.

NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF) has expanded access to its common shares for international investors through DTC eligibility, facilitating electronic clearing and settlement in the US market. This advancement enhances trading liquidity and execution speeds, enabling broader access for new and existing investors. CEO Adam De Cata stated that this aligns with their strategy of collaborating with global brands, aiming to secure 50 brands over the next two years. Overall, this move is expected to significantly increase NFT Tech's market presence and investor access.

NFT Technologies Inc. (OTC Pink: NFTFF) has appointed Gilles Koch to its advisory board. With over 25 years of management experience and a strong background in structured finance, Koch aims to enhance NFT Tech's expansion into European markets. He has a proven track record in restructuring companies and developing innovative financial strategies. CEO Adam De Cata believes Koch's expertise and vision align well with NFT Tech's goals of mainstreaming decentralized ownership and NFTs in the metaverse.

NFT Technologies Inc. has announced the successful listing of its common shares on OTC Markets under the symbol NFTFF. The CEO, Adam De Cata, emphasized high investor demand in the U.S., indicating that this listing will enhance the company's market presence. Co-Founder Wayne Lloyd noted that this move will provide additional liquidity and exposure to a broader range of investors, aligning with upcoming NFT project launches in North America. NFT Tech is focused on bridging traditional capital markets with the Web3 space.