NFT Tech Initiates Play-2-Earn Dashboard Cashdash Monetization
VANCOUVER, British Columbia, October 13, 2022–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (“NFT Tech”)a leading technology company that partners with top-tier brands to accelerate their entry into the web3 world through innovative technologies and unparalleled creativity, is pleased to announce that they will begin monetizing the Play-2-Earn (P2E) dashboard Cashdash.
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Cashdash is a P2E dashboard that helps players discover new games, allows them to track earnings in real-time, and compare those earnings to other games and players. The platform also has an asset management tool with crypto wallet integration and has a unique scoring tool that rates bets based on several factors. NFT Tech believes Cashdash has the potential to provide significant value to all P2E players in the industry.
Cashdash aims to be the CoinMarketCap for the P2E space. CoinMarketCap, which Binance acquired for $400 million USD, is one of the first stops for new crypto investors. CoinMarketCap allows people to track the price of coins in real time and is the crypto version of a stock screener. Crypto experts believe that gaming will be the leading use of NFT funds in five years and will be responsible for the next 100 million users of blockchain technology.
NFT Tech powers Cashdash’s monetization through Sherwa, which has been matching players with other players and games since 2019, and has worked with major game developers such as Riot Games and Activision. Sherwa has over 1 million downloads with users primarily based in South America, a region that is a major force in P2E gaming and traditional gaming dating back to World of Warcraft and Runescape. In 2011, “gold farmers” who create in-game currencies to sell to other players accounted for 85% of third-party gaming services.
“We want Cashdash to be the one-stop shop for every player in the play to earn space,” said Wayne Lloyd, NFT Tech Executive Chairman. “Everything from education and information about certain games to asset management and finally the ability for players to exchange items in one game for items in another. As the space matures and gaming experiences increase, we saw Ubisoft and other AAA developers commit to to build games -To earn games, we believe this industry will be a multi-billion dollar opportunity for NFT Tech, and we are excited to launch products at such an early stage.”
Cashdash is starting to onboard the first batch of P2E games. These games pay the company an initial listing fee and commit to providing in-game assets for the new users Cashdash brings in. In exchange, these games get a verified status on the platform and analytics tracker, while Cashdash continues to find more players.
Other analytical platforms in the gaming industry have been very successful. Products such as add-ons or game analysis tools are becoming more and more common. For example, op.gg is a site that allows League of Legends players to see the ranking of players in the game and some other minor analytics about their opponents. Op.gg sees more than 70 million monthly visits compared to the 180 million monthly players who play League of Legends.
“Gaming will inevitably be linked to NFTs and their success,” Wayne continued. “Players already interact with NFT-like products via in-game skins, powerups, etc. With hundreds of P2E games launching, players are constantly looking for the best games to invest their time in. We’re excited to launch this first of many web3 products that will enable players to understand the market better.”
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate and IP in the metaverse, build and monetize web3 games and assets, 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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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 completion of the acquisition of Sherwa and the closing date thereof; benefits realized from the transaction; 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 the growth and transformation of the gaming industry; and the continued and strengthening public acceptance of NFTs, P2E Games and Related Offers 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 true to be correct Since forward-looking statements and information deal with future events and conditions, they inherently imply i existing 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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Contacts
For more information:
Wayne Lloyd, Executive Chairman
Email: [email protected]
Telephone: +1 (604) 800-5838
