VANCOUVER, British Columbia–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT) (the “Company” or “NFT Tech”), a leading technology company mainstreaming decentralized ownership, NFTs and the public markets metaverse, today announced that its projects will be compatible with Meta Inc’s NFT functionality, announced on August 4, 2022 by Meta CEO Mark Zuckerberg and Instagram’s head Adam Mosseri.
Meta Inc. is a global leader when it comes to user acquisition. During the second quarter of 2022, Meta stated that 3.65 billion people used at least one of the company’s core products, such as Facebook, WhatsApp, Instagram or Messenger every month. Since May 2022, the company has been testing digital collectibles on Instagram and, starting August 4, expanded the ability for people, creators, businesses, and collectors to share digital collectibles they’ve created or own.
“Although Meta’s position is in its infancy, it is a true indicator that we are moving to web3,” said Adam De Cata, CEO of NFT Tech. “As we launch some of the world’s most prestigious brands and creators into web3, it is imperative that we expand access to the digital IP and its utility to the widest possible audience.”
“Meta’s willingness to bet their multi-billion dollar business on the future of web3 and the metaverse is a strong signal to the rest of the world,” Adam continued. “This rollout gives me the same flashbacks to the early days of the internet and social media when it took big global brands years to set up a simple Facebook page. I think we’ll see a very similar trajectory with web3 and how it takes over the digital economy.”
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate and IP in the metaverse, build and monetize P2E and M2E games, and bring insights and benefits to the public markets. By bridging the gap between traditional capital markets and the Web3 space, NFT Tech is mainstreaming decentralized ownership, NFTs and the metaverse. Ongoing projects include founding the GOAT Guild and Fuku.
About Meta Inc.
Meta builds technologies that help people connect, find community and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now Meta is moving beyond 2D screens towards immersive experiences like augmented and virtual reality to help build the next evolution in social technology.
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Warning 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 relating to the completion of the integration with Meta Inc, the completion date thereof; benefits realized from the functionality; expansion of the Company’s NFT -development and product offering; potential benefits and requirements of 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 continued public 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 Since forward-looking statements and information relate to future events and conditions, they inherently imply even 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 to do so of applicable laws.
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