Elvis Project receives support from Sandbox, Decentraland, Sony Music, Universal Music Publishing Group, and Warner Bros. Pictures
VANCOUVER, British Columbia--(BUSINESS WIRE)--$NFT #Facebook--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 metaverse for public markets, sets 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 in person Graceland tours, Memphis experiences, and many more!
The Elvis Legacy Council is the governing body that will make key decisions on the future of Elvis’ digital estate, both on the blockchain and in the physical realm. The Council, which is the first of its kind, provides fans the ability to create proposals and vote on ideas of others on what the future of Elvis will be!
NFT Tech’s rights agreement with Elvis Presley Enterprises, Inc. grants the Company the ability to showcase licensed content globally, and grants access to Sony Music, Universal Music Publishing Group and Warner Bros. Pictures, amongst others.
The market for legacy IP of celebrities that have passed away is valued at over $2 billion per year. The Elvis estate generated $30 million in 2021 even before Warner Bros summer blockbuster film. “Sadly, there’s a growing list of celebrities who leave behind a massive fanbase, often stopping any creation of new material fans can interact with. Brands often see a slow decline in engagement every year. By moving these brands to web3 we can ensure the creativity lives forever and is secured by blockchain technology. Investors can anticipate the company to take a larger step into this industry, working with other entertainment icons.” said Adam De Cata.
In the current landscape of legacy IP. Fans are fragmented and unable to pool resources for shared goals. Despite limited influence over decision-making and limited access to the 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 at scale.
“The Elvis Legacy Council will ensure that The King of Rock and Roll’s legacy lives on, pushing past boundaries set by time and space,” says Adam De Cata, NFT Tech CEO. “It’s giving Elvis fans a new voice, verified on-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 every founding member key decision-making power through the Elvis DAO (Decentralized Autonomous Organization). Founding members have governance rights to make proposals for Elvis content. For many fans, this is a rare opportunity to see lost Elvis footage and come into contact with rare Elvis memorabilia.
“Imagine a Founding Member proposing we purchase rare 8mm footage of behind-the-scenes footage of ‘Elvis On Tour.’ This proposal could get upvoted, procured, then showcased with the world in the biggest watch party in the metaverse. The opportunities for fans to engage with never-before-seen content at scale is huge,” continues Adam.
“Elvis’ legacy will endure on the blockchain long after we pass, including the NFT metadata and future DAO achievements,” says Adam. “This allows, for example, anyone to take the code to ‘recreate’ the smart contract and revive the project at any time.”
September 21: Airdrop of officially licensed Elvis wearables
September 22: Launch Party in Decentrland Guinness World Record https://bit.ly/38NUjTi
September 29: Whitelist minting https://elvis.legacycouncil.io/
September 30: Final public sale
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About Elvis Legacy Council
We’re putting the power into the hands of the 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, the Founding Members. Your say will shape what we collect, what we preserve & what we showcase for future generations. You'll get to choose & redeem exclusive Elvis experiences, merch and performances you’d like 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 generate revenue from 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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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 the agreement with Elvis Presley Enterprises Inc and closing date thereof; scope, exclusivity and length of engagement in partnership with Elvis Presley Enterprises Inc; benefits realized from the agreement; expansion of the Company's NFT developments and product offerings; potential benefits and demands for direct-to-consumer NFT projects; potential benefits, development and acceptance of web3 and related applications; plans for accelerating growth; and the 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, 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. 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.
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Wayne Lloyd, Executive Chairman
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