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NFT Technologies Inc. (OTCQB: NFTFF) has completed the acquisition of Run It Wild as of February 23, 2023. Following this, the company announced a non-brokered private placement of up to 20 million units at $0.05 each, targeting gross proceeds of $1 million. Each unit includes one common share and a half warrant, exercisable at $0.10 for six months. Proceeds will fund general corporate expenses. The company also appointed Mark Leung as CFO, succeeding Frank Guo, to lead financial strategies for growth in 2023.
NFT Technologies Inc. (NEO: NFT) has completed its acquisition of Run It Wild, a prominent Web3 development company, enhancing its capabilities in developing innovative digital experiences. The acquisition involves the issuance of 10,000,000 common shares and a cash payment of C$50,000, reflecting NFT Tech's commitment to expanding its Web3 footprint. Adam De Cata, founder of Run It Wild, will assume the role of CEO at NFT Tech. The integration is expected to unlock new potential in the digital economy. Additionally, NFT Tech has completed a private placement raising C$175,544.95 to fund this acquisition and for general working capital purposes.
NFT Technologies Inc. (NFTFF) has announced a partnership with web3 studio Run It Wild and The Sandbox, a decentralized gaming virtual world. This collaboration aims to enhance brand engagement in the metaverse, allowing brands to reach web3-native audiences. The Sandbox ecosystem utilizes the SAND token, which has a market cap exceeding $2 billion. NFT Tech joins over 160 existing partnerships with renowned brands, including Deadmau5 and Atari. The partnership coincides with The Sandbox's expansion efforts, including tailored LAND sales and new cultural neighborhoods. The acquisition of Run It Wild is set to close by February 24, 2023.
NFT Technologies Inc. (OTCQB: NFTFF) is enhancing its focus on golf by collaborating with renowned golf championships to promote web3 technologies. This partnership aims to introduce digital collectibles and metaverse experiences to engage fans globally. The National Golf Foundation reports a 10% growth in American golfers, now totaling 37.5 million. NFT Tech's innovative approach integrates live sports data with NFTs, similar to fantasy leagues, while a recent report forecasts the fantasy sports market to reach USD 78.5 billion by 2030. CEO Adam De Cata expresses confidence in the potential of this partnership to expand NFT Tech's audience and offerings.
NFT Technologies Inc. (OTCQB: NFTFF) has announced updates regarding its acquisition of Run It Wild Pty Ltd, a blockchain and NFT development studio. Originally set on July 7, 2022, the acquisition's closing date has been extended to February 24, 2023. NFT Tech is set to issue 10 million common shares and C$250,000 in cash upon completion. The amended agreement removes conditional earn-out payments, replacing them with first mint proceeds on ongoing NFT projects, capped at C$5 million. Additionally, NFT Tech has engaged Hillside Media for strategic marketing services, with fees totaling $250,000, payable in shares at $0.15 each.
NFT Technologies Inc. (OTCQB: NFTFF) is expanding its ArtBall concept beyond tennis, integrating new sports for fan engagement through innovative technology. Utilizing advanced line-calling and ball-tracking technologies, ArtBall aims to enhance viewer interaction across multiple sports including football and golf. The initiative emphasizes artistic collaboration, featuring unique designs created by both artists and community submissions. CEO Adam De Cata highlights the company's commitment to innovation in web3, indicating strong partnerships with major sports organizations to broaden audience reach.
NFT Technologies Inc. (OTCQB: NFTFF) announced the minting schedule for the AO ArtBall 2023 project, in partnership with Tennis Australia. A Dutch auction for public minting will commence on January 12, starting at 0.5 ETH (approximately $645). This year introduces 'Match Point equivalent tickets', allowing holders of ArtBalls that score significant matches to claim tickets for future events. The collection has expanded to include 2,454 new ArtBalls and a new Collaborator series featuring multiple iconic brands. This initiative aims to deepen fan engagement and enhance the overall experience.
NFT Technologies Inc. (NEO: NFT | OTCQB: NFTFF) announces the continued evolution of the AO ArtBall, a token-gated NFT experience in collaboration with Tennis Australia. The AO ArtBall 2023 will provide 6,776 holders with complimentary Ground Passes to the finals week of the Australian Open, marking the largest ticket release in the event's history. ArtBall holders will also gain access to select United Cup matches and exclusive behind-the-scenes content. This project aims to merge sports with Web3 technology, enhancing fan experiences through innovative engagement strategies.
NFT Tech (OTC: NFTFF) has successfully upgraded from OTC Pink to the OTCQB Venture Market, effective November 15, 2022. This transition aims to enhance investor access and visibility, supporting its growth in the web3 space. The OTCQB, recognized by the SEC, offers a transparent trading platform with improved liquidity. NFT Tech continues to trade on the NEO Exchange and the Frankfurt Stock Exchange under the symbols 'NFT' and '8LO' respectively. The company's mission includes bridging traditional capital markets with web3 innovations, focusing on NFTs and the metaverse.
NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF) confirmed it has no financial exposure to FTX Trading Limited, which recently filed for Chapter 11 bankruptcy, nor to the FTT token. This statement highlights the company's commitment to maintaining transparency, regulated by the British Columbia Securities Commission. NFT Tech focuses on bridging traditional capital markets with Web3 technology, developing infrastructures for decentralized ownership and NFTs.
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