VANCOUVER, British Columbia, January 23, 2023–(COMMERCIAL WIRE)–NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) (“NFT Tech”)A leading technology company that partners with world-class brands to accelerate their entry into the world of web3 through innovative technologies and unprecedented creativity, is pleased to announce a strategic focus on golf and to collaborate with some of the most emblematic golf championships in the world.

Golf joins the ranks of tennis and table tennis by utilizing innovative technology from NFT Tech. This collaboration will span the web3 strategy, including digital collectibles, metaverse experiences, and digital experiences that provide exciting new ways to for golf fans around the world to engage with the sport that combines real-time data and sports analytics with digital memberships and blockchain. rewards

“We are honored to be working closely with world-class sports organizations to oversee innovative and creative web3 initiatives that will redefine the possibilities for golf participation,” said Adam De Cata, CEO of NFT Tech. “There have been many learnings from our AO ArtBall and tennis fans, and we feel very confident that not only can we continue to evolve our tennis project, but the opportunity in golf will connect with an even larger sports fan base. We look forward to announcing the various events and broadcasts that will feature our technology in the near future.”

NFT Tech has pioneered the use of live sports data in combination with NFT to enhance the fan experience of live sports events. The company previously announced that its novel approach to creating web3 experiences now goes beyond line-call technology, used in athletics, soccer, cricket, rugby, and volleyball. This new association is a testament to that effort.

According to the National Golf Foundation, the number of Americans who play golf has experienced a 10% increase in the last two years, bringing the total number of participants to 37.5 million and the total number of those who followed golf for TV or online, read about the game, or listened to a golf-related podcast in 2021 to 106 million. This is reflected in the fact that the game’s audience has become younger and more diverse, according to the foundation’s statistics.

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“Our products are similar to fantasy leagues, where real-world game data is seamlessly integrated with a digital experience, allowing players to actively participate in sports frequently and increase their interest in watching more games. because of the performance of their teams,” Adam continued. “But what sets our products apart is that we elevate the experience by providing players with an unprecedented level of utility through ownership of digital assets, allowing them to reap rewards beyond the realm of traditional fantasy leagues: This is the future of digital memberships.”

According to a recent report by Straits Research, the global fantasy sports market is expected to reach a valuation of $78.5 billion by 2030, with a CAGR of 14% over the forecast period (2022-2030). The tremendous growth of the market is largely attributed to the proliferation of digital infrastructure in developing regions. The report cites India and China as key examples, with the estimated number of Internet subscribers in India reaching 639 million by the end of 2020, and 900 million Internet users in China as of March 2020. The report also The increase in average data consumption per subscriber stands out, due to the availability of low-cost smartphones and the decrease in data prices. The growth of digital infrastructure, coupled with the availability of high-speed internet at affordable prices, is driving the development of the fantasy sports market in these regions.

The AO Artball project that received a Bronze Lion at the Cannes Film Festival is now in its second year; can be seen on ao.artball.io

About NFT technology

NFT Tech creates products that accelerate web3 adoption by infusing utility into digital assets. The company’s technology is designed to increase consumer engagement, enable digital asset ownership and discover new business models, making NFT Tech a trusted partner for global brands across many industries, including sports, entertainment and the art. Award-winning NFT Tech studio has been awarded the first Cannes Lion for an NFT Activation, one of the most respected and well-known awards in the industry.

NFT Tech is publicly traded on the NEO Exchange under the symbol NFT and on OCTQB under the symbol NFTFF. By bridging the gap between traditional capital markets and the web3 space, NFT Tech is embracing the new age of the Internet while bringing information and benefits to the public markets.

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Cautionary Note Regarding Forward-Looking Information

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements are generally identified by words such as “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”. “,” may, “should”, “will”, “would” and similar expressions. Forward-looking statements in this press release include statements regarding the completion of the Run It Wild acquisition and the closing date of the acquisition; proceeds from the Transaction and the appointment of Adam De Cata as CEO of NFT Tech; expansion of the Company’s NFT product developments and offerings; potential benefits and lawsuits for direct-to-consumer NFT projects; potential benefits, development and acceptance of web3 and related applications; continued employment of Run It Wild employees and the value of their experience; plans to accelerate growth; and the continued public acceptance of NFTs; Statements regarding the agreement with the golf organization and its closing date; scope, exclusivity, and duration of engagement in association with the golf organization; popularity of golf around the world; continued viewership and golf growth; development and acceptance of blockchain-based memberships; benefits obtained from the agreement. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on any forward-looking statements and information because the Company cannot guarantee that they will prove to be correct. Because forward-looking statements and information refer to future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, without limitation, the risk factors described in the Prospectus. Readers are cautioned that the above list of factors is not exhaustive. Forward-looking statements included in this press release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this press release are made as of the date hereof and the Company does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. , unless required by applicable law.

No securities regulatory authority has approved or disapproved of the content of this press release. Neo Exchange has not reviewed or approved this press release for suitability or accuracy of its content.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any security in the United States. The securities have not been and will not be registered under the US Securities Act of 1933 (the “US Securities Act”) or any state securities law and may not be offered or sold within the United States or

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Contacts

Wayne Lloyd
CEO
go@nfttech.com
+1 (604) 800-5838