VANCOUVER, British Columbia--(BUSINESS WIRE)--$NFT #NFT--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 thrilled to announce the launch of Breakout AI, an innovative suite of AI-powered tools designed to revolutionize the way fans interact with their favorite celebrities and sports brands.
Breakout AI leverages cutting-edge artificial intelligence through a network of open sourced projects and partners to breathe life into intellectual properties, creating immersive experiences across various domains:
- Virtual Companions: AI-generated video messages that can mimic the personalities of celebrities for personalized messages on special occasions and offer interactive fan experiences and virtual companionship.
- Digital Estate Management: An extension of the existing "Legacy Council" platform for managing the digital estates of celebrities, including digital assets and AI-generated content. Fans can contribute to the management and direction of these digital estates through the use of tokens.
- Educational Content: AI-powered educational content featuring celebrities, such as a science app where Albert Einstein explains complex theories.
- AI-Generated Art and Fashion: AI-created artwork in the style of famous deceased artists, with customization options for users.
- Spatial Computing Experiences: virtual and augmented reality locations where users can "meet", interact with, and take photos with their favorite celebrities or sports stars.
Breakout AI will utilize the likeness of celebrities and other intellectual properties under official licenses and will have access to private data from estates and corporations, such as unreleased notes, performances, music, and other exclusive, never-before-released information. The integration of these unique datasets sets Breakout AI apart, providing an unparalleled level of personalization and access to information that is truly exclusive. To support this level of access, Breakout AI has a commitment to privacy and security and ensuring this unique information that drives unique experiences can be incorporated into the models while remaining private.
"Breakout AI is not just a product; it's a transformative platform that redefines how fans engage with the world of entertainment," says Adam De Cata, CEO of NFT Tech. "We're bringing fans closer to their idols, offering unique experiences, and shaping the future of digital interaction."
NFT Tech has already demonstrated its expertise in the space with its award-winning studio, Run it Wild, executing notable projects and securing exclusive partnerships. The studio's work includes the AO Artball in conjunction with the Australian Open Tennis tournament, and the groundbreaking Elvis Legacy Council project, which will set a new precedent in the web3 space by designing systems to grant fans key decision-making power through a Decentralized Autonomous Organization (DAO).
The company has also recently announced an exclusive multi-year deal with World Table Tennis (WTT) to develop and execute a comprehensive web3 strategy that will engage WTT's global fan base and reach the frontier of emerging technology.
"Breakout AI is the culmination of our experience and expertise in the web3 space," continues De Cata. "We're excited to build and evolve this product as an extension to our existing roster of IP - it's undeniable that NFT's and AI utility will be the cornerstone of digital experiences."
For more information about Breakout AI and NFT Tech, visit breakout.nfttech.com in the coming weeks for additional information.
The Company engaged 1197127 BC Ltd. and 1093780 BC Ltd. (the “Consultants”) for marketing services on an ongoing basis effective June 7 and June 13, 2023 respectively. The services rendered by the Consultants under the initial term of its engagement total in the aggregate $70,500 and the parties have agreed that such fees may be satisfied by the issuance of common shares of the Company. The conversion price per share was $28,000 at $0.04 per share and $42,500 at $0.085 per share and, as a result, the Company has issued 1,200,000 common shares.
About NFT Tech
NFT Tech is a leading technology company pioneering the use of AI and utility-infused digital assets to create immersive and interactive experiences. With a focus on intellectual property and AI, NFT Tech is transforming the way fans and consumers interact in the digital world. NFT Tech’s creative studio, Run it Wild, is a trusted partner to global brands across many industries, including sports, entertainment, and art. It is recognized for the Blockchain, NFT and Web3 Tech of the Year by the Sports Technology Awards and is the recipient of the first-ever Cannes Lion for an NFT Activation, one of the most respected and well-known awards in the industry.
NFT Tech is publicly listed on the NEO exchange under the symbol NFT and on OCTQB under the symbol NFTFF.
Cautionary Note on 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 generally are 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 expansion of the Company's NFT developments and product offerings; statements relating to launch and potential impact of Breakout AI; the expansion of the Company's AI and NFT developments and product offerings; the potential benefits, opportunities, and market demand for AI-driven NFT projects and the Breakout AI platform; the potential development and acceptance of AI technologies and related applications; plans for business expansion and growth; and the 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, undue 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. The Breakout AI product, which is currently in development phases, still carries significant risk associated with delivering an enterprise grade product. Since forward-looking statements and information address future events and conditions, by their very nature they 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 news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.
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