NFT Tech Accelerates Monetization of Generative AI Initiatives Through Partnership with AI Product Incubator, GPT DAO
VANCOUVER, British Columbia, June 12, 2023–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) (“NFT Tech”)a technology company pioneering the use of AI to create immersive, interactive experiences that bring a new level of utility to digital assets, is excited to announce its strategic partnership with GPT DAO, a prominent decentralized autonomous organization focused on community-driven governance and resource. award for generative artificial intelligence.
This collaboration aims to accelerate the way intellectual property is made available for new AI models, ensuring robust data protection and ownership rights.
“One of the most common questions we hear about AI strategy is protecting intellectual property while engaging with these new technologies. GPT DAO, is a dynamic organization leading the way in decentralized management and protection of intellectual property,” said Adam De Cata, CEO of NFT Tech. “Our collaboration embodies a significant step forward in ensuring that AI models can access the vast amount of information available, while the rights of data owners are uncompromised.”
By leveraging new opportunities within NFT Tech’s partners and GPT DAO’s community governance structure, NFT Tech and GPT DAO are jointly developing new arenas for secure data sharing, promoting a mutually beneficial environment for AI models and data owners.
Generative artificial intelligence models require large amounts of data for continuous learning and improvement. However, a crucial challenge lies in balancing data availability and protection. This partnership addresses this issue head-on, securing data owners’ rights while providing AI models with much-needed data accessibility.
“NFT Tech’s success in managing digital assets and IPs in NFT and digital assets combined with our commitment to decentralized resource allocation positions us to drive significant advances in the generative AI field,” commented Dr. Michael Ran of GPT DAO.
This strategic partnership paves the way for Generative AI developers and researchers to access high-quality data while ensuring data integrity and ownership rights. The collaboration is expected to create new opportunities in the AI landscape, and lead to more accurate, efficient and ethical results.
More details about the partnership and its impact will be shared in the coming weeks.
About NFT Tech
NFT Technologies Inc., commonly known as NFT Tech, is a leading technology company pioneering the use of AI to create immersive, interactive experiences that bring digital assets to a new level of utility. With a focus on intellectual property and AI, NFT Tech is transforming how we interact with the digital world. The award-winning studio, Run it Wild, has executed notable projects and secured exclusive partnerships, earning prestigious accolades such as Cannes Lions and “Blockchain, NFT and Web3 Tech of the Year” at the Sports Technology Awards. Through its innovative approach, NFT Tech shapes the future of digital interaction and engagement.
NFT Tech is publicly listed on the NEO exchange under the symbol NFT and on OCTQB under the symbol NFTFF.
About GPT DAO
GPT DAO is the world’s largest generative AI DAO. Originating in Silicon Valley, the community is composed of experts, scholars, and venture capitalists in the direction of Web3 and Al and is a great resource for AI education and a community-led bridge for valuable IP essential to AI models.
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Warning regarding forward-looking information
This press release contains certain forward-looking statements within the meaning of applicable securities legislation 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”. ,” “can,” “should,” “will,” “would” and similar expressions. Forward-looking statements in this press release include statements related to the expansion of the Company’s NFT development and product offerings; statements related to the contemplated partnership between NFT Tech and GPT DAO; the potential benefits, opportunities and market demand for AI-powered NFT projects; potential development and acceptance of AI technologies and related applications; plans for business expansion and growth; and continued market acceptance of NFTs. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.Since forward-looking statements and information relate to future events and conditions, they themselves 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 foregoing list of factors is not exhaustive. The 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 undertakes no 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 laws.
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