The NFT Gaming Company, Inc. ("NFTG" or the "Company"), a company
developing a digital gaming platform and community that will offer
users the ability to create unique avatars playable in all of the
games on the platform in the form of non-fungible tokens, or
“NFTs,” today is providing shareholders with an update on its
roadmap for game launches, AI games, team expansion, as well as
development and launch of its Gaxos Platform.
“We are extremely excited to begin releasing our
proprietary games and flagship product, Gaxos,” commented Vadim
Mats, Chief Executive Officer of NFTG. “The Company is actively
developing games and a community that will offer content that will
appeal to all types of gamers. By combining games and genres that
people love to play with the power of the blockchain, AI, and other
state-of-the-art technology, we are paving the way for the new
generation of digital gaming. I look forward to user acquisition
and generating revenue to drive value for our shareholders.”
The Company’s IPO:
On February 17, 2023, the Company closed on its
Initial Public Offering. The Company sold 1,686,747 shares of
Common Stock for aggregate gross proceeds of approximately $7
million before deducting offering expenses. The Company stock began
trading on the Nasdaq Capital Market under the symbol “NFTG” on
February 15, 2023.
Game Launches:
NFTG expects to begin launching its proprietary
games on both Android and iOS by the end of the first half of 2023.
The Company has approximately 12 games in various stages of
development, with additional games to commence development shortly
thereafter. Our current lineup features action, puzzle, strategy,
multiplayer online battle arena, first-person shooters, and
matching games. All of the games published by NFTG will be
interconnected via the character/avatar and will possess the
ability to transfer points (XP) and share economies.
AI Acquisitions and Games:
The Company has commenced building its AI-driven
games by incorporating the most current AI technology such as
OpenAI’s, ChatGPT and GPT-4, and Midjourney. Management is
assessing new AI technology for feasibility and value in developing
its games. New products and developments in the space are currently
occurring on a daily basis and the Company is intent on selecting
the best technologies for its products.
NFTG acquired Voxpow earlier this year to
integrate certain AI features into its games.Voxpow boasts
AI-powered speech-recognition technology with natural language
processing that recognizes more than 100 languages and variants.
Other features include sentiment analysis and a variety of other
web-based integrations.
ChatGPT and GPT-4 by OpenAI uses renowned
language models designed to generate human-like conversations. The
models are built on state-of-the-art AI technology and have been
pre-trained on massive datasets, making it one of the most
sophisticated language models in the market. The technology will
enable The NFT Gaming Company to leverage these pre-trained models
through APIs, making it easier to integrate into games to make
interaction more realistic and engaging.
Midjourney is a powerful artificial intelligence
program that generates images from natural language descriptions
called “prompts.” The NFT Gaming Company will be able to create
games where art is generated based on the choices that gamers will
make while playing the games, potentially making each experience
unique.
Gaxos Platform:
Concurrently with the development of its games,
NFTG is building its Gaxos platform that is expected to launch by
the end of 2023. Gaxos will host all of NFTG’s proprietary games as
well as games owned and operated by third parties. The platform
will feature a storyline that connects all of the games and
characters. The Gaxos community of users will be able to
participate in individual and platform-wide goals and achievements.
Players will have the ability to mint an NFT of their avatars if
they choose to take their character and progress off the platform.
Users will be able to sell their NFT on a third-party platform and
the new owner can experience Gaxos starting where the seller left
off. In addition to the functional use of the NFT, users are able
to mint for the collectability and ownership of their avatar.
Building our team:
The Company is working with game developers,
artists, back-end developers, and other professionals in South
America, Eastern Europe, and various other locations worldwide.
Management is committed to hiring the best talent while being
mindful of the Company’s resources. Management is actively hiring
for roles needed to achieve its goals.
License with Columbia University:
On August 29, 2022, NFTG entered into a software
and patent license agreement with Columbia University in the City
of New York pursuant to which Columbia University granted us a
royalty-bearing, exclusive, worldwide, non-transferable license to
certain intellectual property solely for computer gaming for
entertainment purposes involving non-fungible tokens (NFTs).
Management is committed to protecting its IP and will continue to
explore additional methods of security in order to prevent any
manipulation of its NFTs.
NFTG filed its Form 10-K with the Securities and
Exchange Commission for the period ended December 31, 2022 on March
31, 2023.
About The NFT Gaming Company, Inc.
The NFT Gaming Company is developing a digital
gaming platform that will offer proprietary games as well as games
developed and published by third parties. Our vision is to develop,
design, acquire, and manage conventional digital games and to
combine them with novel methods, such as the ability to create and
mint unique in-game features, such as skins, characters, and
experiences in the form of non-fungible tokens, or “NFTs,” that
will allow users to have unique experiences and more control over
in-game assets.
Forward-Looking Statements
All statements other than statements of
historical fact in this announcement are forward-looking statements
that involve known and unknown risks and uncertainties and are
based on current expectations and projections about future events
and financial trends that the Company believes may affect its
financial condition, results of operations, business strategy, and
financial needs. Investors can identify these forward-looking
statements by words or phrases such as “may,” “will,” “expect,”
“anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,”
“potential,” “continue,” “is/are likely to” or other similar
expressions. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company’s filings with the SEC.
The NFT Gaming Company, Inc. Company
Contact
Investor RelationsE:ir@nftgco.comT: 1-888-319-2499
NFT Gaming (NASDAQ:NFTG)
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