VANCOUVER, British Columbia–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or “NFT Tech”), a leading technology company mainstreaming decentralized ownership, NFTs and the public markets metaverse is setting a brand new precedent with the launch of the Elvis Legacy Council.
The project will be officially launched under the brand “The Elvis Legacy Council”, project highlights include an extremely limited NFT collection, officially licensed digital wearables and collectibles, unique metaverse experiences, exclusive Graceland tours, Memphis experiences and many more!
The Elvis Legacy Council is the governing body that will make key decisions about the future of Elvis’ digital estate, both on the blockchain and in the physical realm. The council, which is the first of its kind, gives fans the opportunity to make suggestions and vote on other people’s ideas about what the future of Elvis will be!
NFT Tech’s rights agreement with Elvis Presley Enterprises, Inc. gives the company the ability to showcase licensed content globally, providing access to, among others, Sony Music, Universal Music Publishing Group and Warner Bros. Pictures.
The market for legacy IP of deceased celebrities is valued at over $2 billion per year. The Elvis estate generated $30 million in 2021, even before Warner Bros’ summer movie. “Unfortunately, there is a growing list of celebrities who leave behind a massive fan base, which often stops the creation of new material fans can interact with. Brands often see a slow decline in engagement each year. By moving these brands to web3, we can ensure that creativity lives forever and is secured by blockchain technology. Investors can anticipate the company taking a bigger step into this industry, working with other entertainment icons.” said Adam De Cata.
In the current landscape of legacy IP. The fans are fragmented and cannot pool resources for shared goals. Despite limited influence over decision-making and limited access to brands’ content, fans end up paying recurring fees within a complex, opaque system of IP rights. Most legacy IPs are currently maintained by a number of private collections that are limited to physical exhibitions, which cannot be shared with fans on a large scale.
“The Elvis Legacy Council will ensure that the King of Rock and Roll’s legacy lives on, pushing beyond the boundaries set by time and space,” said Adam De Cata, NFT Tech CEO. “It gives Elvis fans a new voice, confirmed on the chain, in shaping the continued legacy of Elvis in perpetuity for future generations to enjoy.”
This project sets precedents in the web3 space by giving each founding member key decision-making power through the Elvis DAO (Decentralized Autonomous Organization). Basic members have management rights to make suggestions for Elvis content. For many fans, this is a rare opportunity to see lost Elvis footage and get in touch with rare Elvis memorabilia.
“Imagine a founding member suggesting we buy rare 8mm footage of the behind-the-scenes footage of ‘Elvis On Tour.’ This proposal can be upvoted, procured and then displayed to the world in the largest primordial party in the metaverse. The opportunities for fans to engage with never-before-seen content at scale are enormous, Adam continues.
“Elvis’ legacy will live on the blockchain long after we’ve passed, including NFT metadata and future DAO achievements,” says Adam. “For example, this allows anyone to take the code to ‘recreate’ the smart contract and revive the project at any time.”
Rollout details
Whitelists:
September 21: Airdrop of officially licensed Elvis wearables
22 September: Decentrland Guinness World Record launch party
29 September: Whitelist calculation
30 September: Final public sale
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About the Elvis Legacy Council
We put the power in the hands of Elvis fans. The Elvis Presley™ Legacy Council is the official membership of the Elvis Presley™ Digital Estate. Created to preserve Elvis’ legacy into the future. Governed by you, founding members. Your opinion will shape what we collect, what we preserve and what we display for future generations. You can choose and redeem exclusive Elvis experiences, merchandise and performances you want to enjoy. Infinite future possibilities, powered by the blockchain.
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.
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medium.com/@nfttechnologies
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”. ,” “may,” “should,” “will,” “would” and similar expressions. Forward-looking statements in this press release include statements relating to the agreement with Elvis Presley Enterprises Inc and the closing date thereof; scope, exclusivity and length of engagement in collaboration with Elvis Presley Enterprises Inc; benefits realized from the deal; 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; 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 to be correct.Since forward-looking statements and information deal with future events and conditions, imply the inherently 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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This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the US Securities Act of 1933 (“US Securities Act”) or any state securities laws and may not be offered or sold in the United States or to
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