Cal-Bay Makes Entrance into the NFT Market As NFT Art Rises In Popularity

Rhea-AI Summary

Cal-Bay International, Inc. (OTC:CBYI) has announced its entry into the booming Non-Fungible Tokens (NFTs) and digital assets market, indicating a strategic investment in this multi-billion dollar industry. CEO Luke Joseph highlighted the potential for growth in blockchain technology, stating the company's aim to become a notable incubator and partner in NFTs. Cal-Bay is actively seeking to acquire various NFTs and digital assets, which may enhance its revenue streams and shareholder value. This move aligns with the increasing adoption of NFTs, exemplified by record sales reaching $69 million.

Positive

• Entering the rapidly growing NFT and digital assets market.
• Commitment to significant investments in the multi-billion dollar NFT space.
• Potential for enhanced revenue and shareholder value through NFT acquisitions.

Negative

• None.

HENDERSON, Nev., Sept. 9, 2021 /PRNewswire/ -- Cal-Bay International, Inc (OTC:CBYI) today announced the company is making a strong entrance into the rapidly growing Non-Fungible Tokens (NFTs) and digital assets space. Cal-Bay is committing investments in the billion dollar NFT Market and adding NFT art and digital assets to the company's portfolio.

Cal-Bay CEO Luke Joseph stated " The company sees huge opportunities for investment into the multi-billion dollar space as the NFT, digital and blockchain world continues to gather more strength. The use of this secure blockchain technology is clearly the rapid growing future for financial transactions and Investments. The company's intent is to become a recognized incubator, collaboration and joint-venture partner in the NFT and digital asset markets simultaneously adding significant value to the company's revenues and profits, while adding huge potential for shareholder value".

Cal-Bay has already identified several NFTs and digital assets for purchase and is committed to additional digital asset acquisitions and is looking to invest immediately into this sector and paving the way for traditional Investors to participate alongside Cal-Bay, leading a new era of Investment opportunities across these platforms.

What is NFT Art?

"NFT" stands for "non-fungible token," and NFTs are a way of proving ownership of digital goods.
Although most NFTs rely on the Ethereum blockchain, a few alternatives have appeared in recent years.
Recorded NFT record sales show the most expensive NFT ever sold was $69 million.
Thousands of NFT art sales worth millions of dollars in total value are traded each day.
Important Links: https://www.cloudwards.net/nft-statistics/ 
https://www.reuters.com/technology/nft-sales-surge-speculators-pile-sceptics-see-bubble-2021-08-25/

About Cal-Bay International, Inc.
A Publicly Traded professional holding organization specializing in State of the Art and cutting-edge technologies in the Telemedicine, Philanthropic Causes and Digital Asset arenas.

www.cbyintl.com

Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Cal-Bay, CBYI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Cal-Bay International Inc.

View original content:https://www.prnewswire.com/news-releases/cal-bay-makes-entrance-into-the-nft-market-as-nft-art-rises-in-popularity-301372105.html

SOURCE Cal-Bay International, Inc.

FAQ

What steps is Cal-Bay International (CBYI) taking to enter the NFT market?

Cal-Bay International is committing investments to acquire NFTs and digital assets, positioning itself as a player in the multi-billion dollar NFT market.

Who is the CEO of Cal-Bay International and what did he say about NFTs?

The CEO, Luke Joseph, stated that the company sees huge investment opportunities in the NFT space and aims to add significant value to revenues and profits.

What is the significance of NFTs in Cal-Bay International's business strategy?

NFTs are integral to Cal-Bay's strategy as they represent a growing market with potential for revenue enhancement and shareholder value.

How does Cal-Bay International plan to leverage blockchain technology?

Cal-Bay plans to utilize blockchain technology to engage in secure financial transactions and investments within the NFT and digital assets industry.