Gaxos.ai Inc. - NFTG STOCK NEWS

The NFT Gaming Company, Inc. (NFTG) has announced the hiring of a specialized team to develop AI-driven games for its Gaxos Platform, with a commercial rollout expected by the end of Q2 2023. This new team will include game developers, artists, and AI experts, enhancing NFTG's portfolio with innovative gaming experiences. The company is leveraging advanced technologies such as OpenAI's ChatGPT and GPT-4, alongside integrating AI-powered speech recognition through its acquisition of Voxpow. CEO Vadim Mats highlighted the significant opportunities AI presents in gaming, specifically in creating smarter non-player characters and more customizable experiences. The market for gaming is projected at $300 billion, positioning NFTG to potentially lead in this evolving sector.

The NFT Gaming Company, Inc. (NFTG) has provided a roadmap update detailing game launches, AI game development, and the Gaxos platform. The company aims to release proprietary games on Android and iOS by mid-2023, with 12 games in development. NFTG is integrating advanced AI technologies like OpenAI's ChatGPT and Midjourney to enhance game interactivity. The Gaxos platform, set to launch by the end of 2023, will host all NFTG games, allowing users to mint and trade NFTs of their avatars. NFTG raised approximately $7 million from its IPO on February 17, 2023, and is actively hiring to expand its team.

The NFT Gaming Company (NFTG) announced on March 27, 2023, its integration of ChatGPT and MidJourney AI to enhance the development of its AI-based games. This collaboration aims to leverage advanced AI technology to improve storytelling and immersive gameplay experiences. ChatGPT will provide sophisticated natural language processing, while MidJourney will generate unique game art based on player choices. The NFT Gaming Company is focused on creating a digital gaming platform where users can mint unique in-game assets as non-fungible tokens (NFTs), blending traditional gaming with innovative digital ownership.

The NFT Gaming Company, Inc. (NASDAQ:NFTG) announced a $500,000 stock repurchase program aimed at enhancing shareholder value amidst favorable capital market conditions. CEO Vadim Mats highlighted the company's commitment to delivering value through this measured buyback. The exact timing and number of shares to be repurchased will depend on various factors, including cash flow and market conditions. The program is discretionary, allowing flexibility to suspend or discontinue it. This move underscores the company's strategic approach to boost investor confidence while developing its digital gaming platform and NFT offerings.

The NFT Gaming Company, Inc. (NFTG) announced the acquisition of Voxpow's artificial intelligence assets to enhance its gaming platform. This strategic move allows NFTG to introduce AI-powered features, enabling players to control game elements using voice commands. Voxpow specializes in AI-driven speech recognition, supporting over 100 languages, and offers sentiment analysis among other integrations. This integration aims to enrich the user experience and expand NFTG's game offerings, positioning the company for future growth in the competitive gaming market.

The NFT Gaming Company, Inc. (NFTG) announced its participation in NVIDIA's AI conference in March 2023. The company is leveraging NVIDIA’s developer program to enhance its gaming platform, GAXOS, which allows users to mint unique NFTs as avatars playable across games. CEO Vadim Mats expressed excitement about collaborating with industry leaders in AI and game development, highlighting the potential for innovation and mass adoption. The NVIDIA GTC Developer Conference will facilitate technical training, networking, and collaboration for developers and business leaders in the gaming and AI sectors.

The NFT Gaming Company, Inc. announced the closing of its initial public offering (IPO) of 1,686,747 shares of common stock at $4.15 per share, resulting in approximately $7 million in gross proceeds. The IPO was facilitated by Laidlaw & Company and Revere Securities LLC, with the common stock beginning to trade on the Nasdaq under the symbol 'NFTG' on February 15, 2023. Additionally, underwriters have a 45-day option to purchase up to 253,012 additional shares for overallotments. The registration statement for the offering was declared effective by the SEC on February 14, 2023.

The NFT Gaming Company has priced its initial public offering (IPO) at $4.15 per share, raising approximately $7 million before expenses. The offering consists of 1,686,747 shares of common stock with an additional 253,012 shares available for underwriters. Trading under the symbol 'NFTG' on Nasdaq is set to commence on February 15, 2023, pending final approval. The company aims to develop a platform for digital games and unique NFTs, enhancing user engagement through in-game assets. The IPO is expected to close by February 17, 2023, subject to standard conditions.