NFT Technologies Inc, a leading technology company mainstreaming decentralized ownership, NFTs and the metaverse for public markets, announced significant growth in its project pipeline off the back of recent partnership announcements.
“The inbound we’re seeing has been amazing”
Following the signing of multi-year contracts with major brands, NFT Tech continues to over-deliver on partnership and contract goals and expects to close several more by year-end. The Company has already announced partnerships with the Australian Open, Elvis Presley Enterprises, Sony Sports, and an exclusive multi-year deal with World Table Tennis.
“The inbound we’re seeing has been amazing,” said Adam De Cata, CEO of NFT Tech. “Our pipeline continues to grow extremely fast, even seeing deals coming our way from major blockchain companies. We’ve identified a massive gap in the market where there’s a void of capable teams working with both the creative and technical aspects of blockchain development that can deliver innovative projects with massive utility to major brands and to their users. I’m excited to continue to bring brands into web3, faster than even I expected.”
Revenue increases are reflecting these successes, with NFT Tech reporting nearly $1M CAD in revenue (CAD$923,000) as projects start to roll out. With its focus on the resale royalties, the Company expects to see ramping revenues which would represent a recurring revenue model based on the number of projects launched into the space.
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“We’re frequently asked why major brands pick us, and what makes us different,” continued Adam. “The truth is we’re not simply an award-winning NFT studio that offers web3 strategy. NFT Tech supports our clients throughout the web3 journey: from idea to project execution and launch. This is because companies often come to us knowing they should be doing something in web3 but have no idea where to start. On top of this, we have a long track record of working with the world’s largest open Metaverse projects like Decentraland and Sandbox and the client is able to feel comfortable they’ll be receiving great value. It’s also worth commenting on the advantages of being a public company, when working with major brands being public gives them a serious sense of security in an industry that is still flooded with bad players.”