The NFT Gaming Company Hires Specialized Team to Develop AI Games
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.
- Hiring specialized team for AI-driven game development.
- Expected commercial rollout of new games by end of Q2 2023.
- Integration of advanced AI technologies enhances game offerings.
- Acquisition of Voxpow strengthens product features.
- Concerns about execution and continuity with new hires.
Company expects commercial rollout of AI offering next quarter
Roseland, NJ, April 25, 2023 (GLOBE NEWSWIRE) -- The NFT Gaming Company, Inc. ("NFTG" or the "Company"), a company developing a digital gaming platform and community that will offer users the ability to create 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 hired a team specialized team of experts to develop new Artificial Intelligence-based games for its Gaxos Platform.
The new team will consist of dedicated game developers, artists, back-end developers, and of course AI developers. The Company is currently building a portfolio of AI-Driven games utilizing cutting-edge technology, such as OpenAI’s ChatGPT and GPT-4. The Company is also using Midjourney for the art component. Previously, NFTG acquired Voxpow to integrate AI-powered speech-recognition technology into its gaming platform. With roughly a dozen games in its development portfolio, The NFT Gaming Company is expected to begin its commercial rollout on both Android and iOS by the end of the second quarter.
“The expansion of AI represents an exciting opportunity in gaming,” said Vadim Mats, CEO of NFTG. “The technology will have a profound impact on the sector, by creating smarter and more adaptive non-player characters (“NPCs), generating game content, and ultimately creating a more customizable gaming experience. These new hires will allow us to sit at the forefront of this emerging market as we work to establish ourselves as a market leader in the
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 is the expected timeline for NFTG's AI game rollout?
What technologies is NFTG utilizing for its new games?
What is the significance of NFTG's acquisition of Voxpow?
How many games is NFTG currently developing?
What market is NFTG targeting with its AI gaming initiatives?
