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Vancouver, British Columbia–(Business Wire—NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (“NFT Tech”), Cashdash is pleased to announce the launch of Monetization with Play-2-Earn (P2E) dashboard, partnering with top brands to accelerate their entry into the Web3 world through innovative technologies and unparalleled innovation.
Cashdash is a P2E dashboard that helps players discover new games, track earnings in real-time, and compare their earnings to other games and players. The platform has an asset management tool with crypto wallet integration and a unique scoring tool that rates games in multiple scenarios. NFT Tech believes that Cashdash has the potential to bring significant value to every P2E player in the industry.
Cashdash aims to be the CoinMarketCap of the P2E space. CoinMarketCap, which Binance acquired for $400 million, 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 filter. Crypto experts believe that gaming will be the dominant use of NFT assets within five years and will be responsible for the next 100 million users of blockchain technology.
NFT Tech has been powering 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 Activis. Sherwa has over 1 million downloads and is primarily based in South America, a region with a strong presence in P2E games and traditional games such as World of Warcraft and Runescape. In the year In 2011, “gold farmers” who store game currencies accounted for 85 percent of the 3rd party game service industry.
“We want CashDash to be a one-stop shop for every player in the game,” said NFT Tech Executive Chairman Wayne Lloyd. “Everything from education and information about certain games to asset management and finally the ability for players to trade items in one game for items in another. As the space matures and gaming experiences continue to grow, we’ve seen Ubisoft and other AAA developers decide to build play-to-play games, an industry that has a lot of potential for NFT Tech.” We think it’s going to be a billion dollar opportunity and we’re excited to be launching products at such an early stage.
Cashdash has started uploading its first batch of P2E games. These games pay the company’s initial listing fee and promise to provide in-game assets to new users that Cashdash brings. Instead, these games get verified status and analytics tracking on the platform, as Cashdash continues to gain more players.
Other analytics platforms in the gaming industry have found great success. Products such as add-ons or game analysis tools are becoming increasingly common. For example, op.gg is a website that allows League of Legends players to see the ranking of players in their games and some minor analysis of their opponents. Op.gg sees over 70 million monthly visits compared to League of Legends’ 180 million monthly players.
“Gaming is inevitably associated with NFTs and their success,” Wayne continued. “Gamers already have NFT-like products in game skins, power-ups, etc. from many Web3 products that allow 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 Web 3 games and assets, and bring insights and benefits to public markets. Bridging the gap between traditional capital markets and the Web3 space, NFT Tech is exploring decentralized ownership, NFTs and the meta-adverse.
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A cautionary note on forward-looking information
This press release contains certain forward-looking statements within the meaning of applicable securities laws relating to the Company. These forward-looking statements are generally characterized by words such as “believe,” “project,” “expect,” “predict,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan.” ,” “may,” “will,” “will,” “will,” and similar expressions. Forward-looking statements in this press release include statements regarding the completion and closing date of the Sherwa acquisition; benefits from the transaction; the Company’s NFT developments and expansion of product offerings; direct-to – Potential benefits and needs of consumer NFT projects; potential benefits, development and adoption of Web3 and related applications; plans to accelerate growth and change in the gaming industry; and ongoing and strengthening public acceptance of NFTs, P2E games and related offerings. Even if you believe that the expectations and assumptions on which forward-looking statements and information are based are reasonable, you should not place undue reliance on such forward-looking statements and information because the Company makes no assurance that they will materialize. Many factors could cause actual material to differ materially from the forward-looking statements in this press release, including, without limitation, the risks described in the prospectus. Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release speak as of the date hereof is and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information as a result of new information, future events or otherwise. Unless otherwise required by applicable laws.
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