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Color Star Technology Co., Ltd. (Nasdaq: ADD) is an innovative entertainment and education company that harnesses the power of technology and artificial intelligence (AI) to transform the entertainment industry. The company operates globally through its fully owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc.
Color Star is renowned for its Color World music and entertainment education platform, through which it offers online entertainment performances and music education services. This platform enables users to engage with various educational programs tailored to the entertainment industry, fostering a new generation of artists and performers.
In a recent development, Color Star announced a non-binding letter of intent to acquire over 60% of shares in JingXiang (Australia) Pty. Ltd., a company specializing in digital services for esports hotels. JingXiang provides a supercomputing platform, an esports software as a service (SaaS), and a central reservation system (CRS) for hotels. These services are designed to enhance the gaming experience for hotel guests with features like low-latency streaming, high-definition graphics, and comprehensive room management systems.
JingXiang has acquired significant assets, including 3,000 cloud computer cases and 160+ servers, and holds multiple patents and software copyright certificates. The company's diskless architecture for cloud storage allows remote use of hardware and software, providing flexible storage solutions for end-users. Their CRS platform integrates various functionalities such as merchant integration, transactions, marketing events, and data analysis, creating an exclusive esports ecosystem for enthusiasts.
Color Star's CEO, Louis Luo, emphasizes the company's commitment to expanding into the esports industry. The combination of Color Star's celebrity network with esports events and concerts is expected to create synergies and open new revenue streams.
Additionally, Color Star is making strides in the AI music space with the upcoming release of its first digital music album, "Color World", by its AI virtual band, the Vibrant Music Collective. This album, featuring 12 songs of various genres, showcases the company's cutting-edge AI technology in music production. The band members and the entire performance are AI-generated, marking a significant step in the evolution of virtual entertainment.
Color Star Technology is a forward-looking company that is constantly exploring new avenues in entertainment and technology. For more information, visit their official website at www.colorstarinternational.com and their investor room at www.colorstar.investorroom.com.
Color Star Technology Co., Ltd. (NASDAQ: CSCW) has launched its entertainment metaverse product, Color World, available for download on both the Apple App Store and Google Play Store. CEO Lucas Capetian announced that the initial version includes social features, shopping, and celebrity masterclasses, all free for users. Set in Dubai, future updates are expected to incorporate NFTs, VR support, and AI technology, enhancing the user experience. The company is committed to continuous improvement based on user feedback as it explores the evolving entertainment technology landscape.
Color Star Technology Co., Ltd. (NASDAQ: CSCW) announced its participation in the Maxim Group's online Blockchain Conference on January 27, 2022. The company will introduce its entertainment metaverse product, "Color World," launching on January 28. This platform aims to enhance global understanding of the metaverse, featuring shopping, gaming, virtual conferencing, and community functionalities. CEO Lucas Capetian expressed gratitude for the opportunity to unveil details at the event and discuss future trends and challenges in metaverse development.
Color Star Technology (NASDAQ: CSCW) announced a strategic partnership between its subsidiary, Color Sky Entertainment, and Guangzhou Star Space Catering Management. This collaboration allows Star Space to introduce its tea brand on Color World's online educational platform. The partnership aims to leverage the metaverse trend, enhancing user engagement and commercial profitability. Color Star plans to create a 3D brand headquarters and facilitate online orders of 3D tea drinks, connecting online and offline experiences in the catering industry.
On January 21, 2022, Color Star Technology Co., Ltd. (NASDAQ: CSCW) announced a private placement of 16 million shares at $1 per share, totaling $16 million, to its largest shareholder, Hou Sing International Business, Ltd. The funds will be utilized to enhance the development of its metaverse and NFT projects. Despite the pandemic's impact, Color Star continues to grow, exhibiting optimism from HSIB regarding its future performance. The Color Star app will soon evolve into an 'entertainment metaverse,' allowing users to engage in virtual property ownership and design.
Color Star Technology (NASDAQ: CSCW) is set to launch its entertainment metaverse platform, the Color World APP, alongside its digital currency, Color Tickets, on January 28, 2022. This initiative aims to enhance global user experience by allowing them to spend, purchase goods, and recharge games within the platform. Color Tickets, which are not legal tender, can be earned through various activities and are designed to motivate users to engage creatively. CEO Lucas Capetian emphasizes the importance of a structured transaction system to enrich virtual interactions.
Color Star Technology Co. Ltd. (NASDAQ: CSCW) announced the release of new photos and videos of its entertainment metaverse platform, Color World, ahead of its launch on January 28, 2022. The platform, which can support over 10 million users simultaneously, will feature sections for interactive celebrity videos, virtual conferences, and a virtual shopping mall. Notable exclusives include courses by Shaquille O'Neal and David Villa. Future expansions are planned to enhance the metaverse experience.
Color Star Technology Co., Ltd. (NASDAQ: CSCW) announced the launch of its entertainment metaverse platform, Color World, in open beta on January 28, 2022. This platform allows users to create avatars, interact, and engage in various activities including real estate transactions, concerts, and more. The update aims to enhance user experience and attract new participants. CEO Lucas Capetian emphasized the platform's potential in enabling users to realize their dreams and showcase their talents. Existing users will be upgraded to the new version automatically.
Color Star Technology Co., Ltd. (NASDAQ: CSCW) announced the launch of its Color World auto non-fungible token (NFT) generation system on January 30, 2022. This new system aims to create a user-friendly NFT ecosystem within the Color World entertainment metaverse, allowing registered users to generate NFTs from their activities, retaining copyright ownership. The initiative intends to attract creators and expand the platform's user base, promoting copyright protection and revenue generation. CEO Lucas Capetian emphasized the significance of NFTs in the cultural and entertainment industry.
Color Star Technology Co., Ltd. (NASDAQ: CSCW) announced the availability of all avatars on its Color World metaverse platform as NFTs, offering permanent ownership to users globally. This innovative approach combines digital assets with physical products, enhancing the NFT experience by including 3D-printed figurines. CEO Lucas Capetian emphasized the company's goal of increasing the collection value of NFTs through unique physical-digital combinations. The NFTs will be accessible on major trading platforms and within Color World, with plans for future developments in celebrity co-branded products.
Color Star Technology Co. Ltd. (NASDAQ: CSCW) announced the official launch of an online video featuring football star David Villa Sanchez on January 1, 2022, through its celebrity interactive platform, the Color Star app. This collaboration aims to enhance user engagement and provide high-quality content. Villa will share his football expertise, contributing to Color Star's goal of becoming a top platform for celebrity interaction. The company also envisions integrating metaverse elements for a richer user experience, encompassing various entertainment sectors including sports and music.
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