The NFT Gaming Company Acquires Voxpow Artificial Intelligence (AI) to Integrate into Proprietary Games

Rhea-AI Summary

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.

Positive

• Acquisition of Voxpow enhances NFTG's game portfolio with AI capabilities.
• Voice control features are expected to improve user engagement.
• Integration of advanced speech recognition may attract a broader audience.

Negative

• None.

Roseland, NJ, March 06, 2023 (GLOBE NEWSWIRE) -- The NFT Gaming Company, Inc. ("NFTG" or the "Company"), a developer of a digital gaming platform and community that offers users the ability to mint unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or “NFTs,” today announced that it has acquired the artificial intelligence assets of Voxpow to integrate into its proprietary game portfolio.

“We’re excited to implement Voxpow into our ecosystem for the development of next generation Artificial Intelligence-powered games,” said Vadim Mats, Chief Executive Officer of NFT Gaming. “Players will now be able to use their voice to control various aspects of games such as movement, responses, and other actions. Securing this technology allows us to expand our offering of games and enhance the overall gaming experience.”

Voxpow boasts AI-powered speech-recognition technology with natural language processing that recognizes more than 100 languages and variants. Other features include sentiment analysis and a variety of other web-based integrations.     

About The NFT Gaming Company, Inc.
The NFT Gaming Company is developing a digital gaming platform that will offer proprietary games as well as games developed and published by third parties. Our vision is to develop, design, acquire, and manage conventional digital games and to combine them with novel methods, such as the ability to create and mint unique in-game features, such as skins, characters, and experiences in the form of non-fungible tokens, or “NFTs,” that will allow users to have unique experiences and more control over in-game assets.

Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements that involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the SEC.

The NFT Gaming Company, Inc. Company Contact

Investor Relations
E:ir@nftgco.com
T: 1-888-319-2499

FAQ

What did NFTG acquire on March 6, 2023?

NFTG acquired the artificial intelligence assets of Voxpow.

How will Voxpow's technology benefit NFTG?

It will allow players to use voice commands to control various game functions, improving user experience.

What technology does Voxpow offer?

Voxpow provides AI-powered speech recognition technology that recognizes over 100 languages.

What is the strategic importance of this acquisition for NFTG?

This acquisition positions NFTG to expand its offerings and enhance its competitive edge in the gaming industry.

How does NFTG plan to implement Voxpow's technology?

NFTG aims to integrate the technology into its existing game portfolio to develop next-generation AI-powered games.