Victory Square Technologies Portfolio Companies Announce Strategic Partnership to Launch NFT (Non-Fungible Token) Products & Managed Services

Rhea-AI Summary

Victory Square Technologies has announced a partnership between its portfolio companies, Next Decentrum and Cloud Nine Web3, to launch NFT products and managed services. The initiative aims to turn NFTs into a dependable revenue stream for artists and content creators. Additionally, the companies plan to introduce educational products focused on NFTs and blockchain opportunities worldwide. This strategic move comes amidst notable growth in the NFT market, which sold over $216 million in the last month, representing nearly half of total NFT sales, amid a global art market valued at over $67 billion.

Positive

• Partnership aimed at creating a reliable revenue source for artists through NFTs.
• Launch of customizable NFT products and managed services.
• Educational focus on blockchain and NFTs with significant market interest.
• NFT market shows strong growth, selling over $216 million recently.

Negative

• None.

• Portfolio companies, Next Decentrum & Cloud Nine Web3 announce strategic partnership to launch products and managed services to turn NFTs into a reliable source of revenue for both artists and content creators
  
• Strategic partnership to also Launch a series of education products on NFTs and relevant blockchain opportunities globally

VANCOUVER, British Columbia, April 20, 2021 (GLOBE NEWSWIRE) --  Victory Square Technologies Inc. (“Victory Square'' or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: digital health, gaming, blockchain, AR/VR, cybersecurity, and cloud computing, is pleased to announce that portfolio companies, Next Decentrum Technologies Inc (“Next Decentrum”) and Cloud Nine Web3 Technologies Inc (“Cloud Nine”) have partnered to launch an NFT products and managed services platform to turn NFTs into a reliable source of revenue for artists and content creators.

The move comes following a strategic partnership between the two portfolio companies announced in March to release an education platform and several other educational programs including the Quick & Dirty Guide to Blockchain and The Quick & Dirty Guide to NFTs which has received great interest from the market.

Next Decentrum products and managed services turn NFTs and any blockchain innovation into a reliable, measurable, and manageable source of revenue. They develop and deliver fully managed software solutions and educational products that help clients make the most out of NFT and blockchain applications. The portfolio companies are currently working with clients across four verticals: Art, Heritage Music, Sports and Entertainment.

Products & Managed services includes:

• Fully customizable blockchain education products
• Fully customizable white label NFT marketplace
• End-to-end managed NFT production and deployment
• End-to-end managed blockchain education

This strategic initiative aims to capitalize on the significant growth from the public and media attention the NFT art market has experienced recently, selling more than $216 million in the past 30 days alone, accounting for almost 50% of the total volume of all NFT sold according to NonFungible.com. The global art market is valued at over $67 billion (According to Statista). NFTs are disrupting both markets and paving the way for artists and creators to earn additional revenues from selling and reselling their art.

“Beyond the hype, NFTs are fundamentally a technology innovation that solves problems affecting the music, art, and content creation industries,” said Hussein Hallak, CEO of Next Decentrum. “Through this initiative, we aim to help artists and content creators capitalize on the unique opportunity made possible with the intersection of education and technology.”

Since 2018 Next Decentrum has:

• Built blockchain education programs including The Quick & Dirty Guide to Blockchain and The Blockchain Business Masterclass.
• Managed the development and delivery of the education program of “LAUNCH” one of North America’s top tech hubs and startup incubators with over 6000 founders incubated, and 500 startups that raised more than $730 million.
• Built content platforms and technology products.
• Developed and delivered premier blockchain education programs for “Informa” the world’s largest events producer producing several thousand events annually and welcoming 150,000 delegates from over 70 countries.

On behalf of the Board of Directors

“Shafin Diamond Tejani”
Director and Chief Executive Officer
Victory Square Technologies Inc.
www.victorysquare.com

For further information about Victory Square, please contact:

Investor Relations Contact – Edge Communications Group
Email: ir@victorysquare.com
Telephone: 604 283-9166

Media Relations Contact – Howard Blank, Director
Email: howard@victorysquare.com
Telephone: 604-928-6066

About VICTORY SQUARE TECHNOLOGIES INC.

Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed for fast-track growth. VST's sweet spot is cutting-edge tech that's shaping the 4th Industrial Revolution. Our corporate portfolio consists of 20 global companies using AI, VR/AR, and blockchain to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn't your ordinary investor. With real skin in the game, we're committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you'll scale and be ready to monetize.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSQTF). For investors, we offer early-stage access to the next unicorns before they're unicorns. Our portfolio represents a uniquely liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we're able to provide strong and stable returns while also tapping into emerging global trends with big upsides.

For more information, please visit www.victorysquare.com

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance, execution of business strategy, future growth, business prospects and opportunities of Victory Square and its related subsidiaries and other factors beyond our control. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

FAQ

What is the significance of the partnership between Next Decentrum and Cloud Nine Web3 for Victory Square (VSQTF)?

The partnership aims to develop NFT products and services, providing artists and creators with reliable revenue sources.

How much did the NFT market sell recently according to the press release?

The NFT market sold over $216 million in the past 30 days.

What educational products are being launched by Victory Square's portfolio companies?

The companies are launching educational programs including 'The Quick & Dirty Guide to Blockchain' and 'The Quick & Dirty Guide to NFTs'.

What industries are targeted by the NFT services offered in the partnership?

The services target the art, heritage music, sports, and entertainment industries.

What is the estimated value of the global art market mentioned in the press release?

The global art market is valued at over $67 billion.