NFT Tech announces investment in Move-to-Earn (“M2E”) Walken project to reduce barriers to entry to Web3 and reward physical activity while playing

Vancouver, British Columbia, June 3, 2022NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (“NFT Tech”)The leading technology company that builds decentralized ownership, NFTs and Metaverse for public markets, today announced its participation in Move-to-Earn (M2E) project Walking ( a favour.

M2E is a cultural phenomenon in the crypto space, with projects such as sweetcoin else pokemon go I started. Walken is a Web3 lifestyle app that combines real life activities, online games, and opportunities to earn cryptocurrency. As with all M2E games, the more users move, the more they earn in-game currency. Game tokens, WLKN, can be reinvested in the game or redeemed for cash.

This sector is growing very fast. The market capitalization of one of the market leaders is already over $6 billion (STEPN), and people of all ages are still busy collecting Pokémon on Pokémon Go. Therefore, we firmly believe that this is a sector that will continue to increase the adoption of the cryptocurrency ecosystem. Whether you’re collecting Pokemon or getting points on your Fitbit, a lot of people are already embracing it Moveto me-EArn part without knowing it. We are pleased to be a part of this project and expect the M2E segment to continue to growNFT Tech CEO Wayne Lloyd said.

NFT Tech’s investment, combined with NFT Tech Consultant Adam De Cata’s expertise in providing trade and other arrangements for M2E projects, will play a key role in Walken’s success. In addition to the strategic partners involved in launching the WLKN token, the partnership makes it easy for Walken to explore new protocols and trends, and create important team relationships that strengthen the existing ecosystem.

We are excited to share with NFT Tech. Having a company listed on our side It helps us stand out from the crowd. Looking at NFT Tech’s crypto expertise, we see the company’s involvement as something much more than a simple investment and we anticipate more collaborations in the future.Walken co-founder and CEO Alexei Kulevets said.

NFT Tech entered into an agreement with the team behind Walken on June 3, 2022. Under the terms of the agreement, NFT Tech will provide financial support to Project Walken and work with creators, bringing NFT Tech’s extensive expertise in crypto games and capital markets, and advising on M2E navigation in the landscape. The broadest for P2E and Web3.

similar project SteppenSolana, a blockchain-based app that rewards users for walking, jogging or jogging outdoors, had more than 650,000 monthly active users as of May 2022. STEPN takes Per month until 100 million dollars a, Which is more than double what it was in April and triple what it was in March. Approximately 30 % The SteppenUsers come from outside the crypto world. This underscores how M2E can engage people in the web 3 A task that other applications have not yet mastered.

about walking

Walken is a move-to-earn mobile app developed by a team that uses the motion detection capabilities of standard smartphones and wearables to record users’ step count, which are then replaced by WLKN tokens for in-app games and rewarded NFTs. Walken was created by the team behind Appyfurious and GetFitIt develops applications and aims to connect games and cryptocurrency to a healthy and active lifestyle.

About NFT Tech

NFT Tech develops infrastructure, assets, real estate, and intellectual property in the Metaverse, building and generating revenue from P2E and M2E games, and providing insights and benefits to public markets. Bridging the gap between traditional capital markets and the Web3 space, NFT Tech contributes to decentralized ownership, NFTs, and the Metaverse. To bring to the general public. Include current projectsR Formation of the Goat Guild and Foucault.

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Wayne Lloyd, CEO

Cautionary statement regarding forward-looking information

This press release contains certain forward-looking statements within the meaning of applicable securities laws relating to the Company. Such forward-looking statements are generally identified by words such as “believes,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may”, “should”, “will”, “will” and other similar expressions. Forward-looking statements in this press release include statements about the popularity and strength of M2E games, the merits of investing in the Walken project, and the benefits to Walken of NFT Tech’s participation in the project. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, you should not place undue reliance on the forward-looking statements and information, as the Company can make no guarantee that they will be accurate. prove correct. Because forward-looking statements and information address future events and conditions, they inherently involve risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including but not limited to risk factors described in the prospectus. Readers are cautioned that the list of foregoing factors is not exhaustive. The forward-looking statements contained in this press release are expressly conditioned on this cautionary statement. The forward-looking statements and information contained in this press release are made as of the date of this press release, 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 as this is required by applicable law. with it.

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