Integrated Media Technology Limite, announces that the Company’s subsidiary Ace Corporation Limited (“Ace”) has entered into a cooperation agreement with Hainan Pansuo Art and Culture Development Co., Ltd. (“Pansuo”), to establish a strategic partnership to provide one-stop blockchain traceability, automated NFT production, electronic settlement and related development and technical support.
IMTE’s online trading platform named Ouction and its development team will work with Pansuo to create digital assets for the art collections associated with the Chinese civilization, including some Non-Fungible Tokens (“NFT”) to be sold on the Ouction online trading platform or online auction platform. Mr. Xiaodong Zhang, IMTE’s CEO stated, “this cooperation with Pansuo will enable Ouction to create digital assets for various art collections to further expand the Ouction platform to art collectors worldwide.”
About Integrated Media Technology Limited (“IMTE”)
IMTE is an Australian company engaged in the business of manufacture and sale of nano coated plates for filters, the manufacture and sale of electronic glass, Halal certification and distribution of Halal products, the operating of an online exchange platform for trading in digital assets and the provision of financial research.
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Ouction is an online trading platform in digital assets. The Ouction platform is an interactive experiencing solution designed with dynamic image cryptographic verification technology which will serve as a bridge for O2O (Online to Offline) transaction. This will enable the “Ouction” platform to not only verify virtual (digital) asset transactions, but also provide encryption and Blockchain notarized digital certificates of physical assets for a fairer and more credible platform trading experience to e-commerce companies and their users.