NFT Tech Announces Investment in Move to Earn (“M2E”) Project Walken to Lower Web3 Entry Barriers while Gamifying and Rewarding Physical Activity

VANCOUVER, British Columbia- – (BUSINESS WIRE)- – NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (“NFT Tech”), a main innovation organization to standard decentralized possession, NFTs and the metaverse for public business sectors, declared today its cooperation in the Move-to-Earn (M2E) project Walken.

M2E is a social peculiarity in the crypto space that started with projects like Sweatcoin and Pokémon Go. Walken is a Web3 way of life application that interfaces genuine exercises with internet gaming and crypto procuring. Like all M2E games, the more clients move, the more game money they procure. The game’s tokens, WLKN, can either be reinvested into the game or gotten the money for out.

“This sector is growing extremely quickly. One of the market leaders already has a market cap of over $6B US (STEPN) and people of all ages are still walking around collecting pokémon on Pokémon Go. That’s why we’re firm believers that this is a sector to further bring adoption to the crypto ecosystem. Whether you’re collecting pokémon or earning points on your Fitbit, a lot of people are already participating in move to earn without knowing it. We’re super excited to be participating in this project and expect the M2E sector to continue to grow,” said Wayne Lloyd, Executive Chairman of NFT Tech.

NFT Tech’s speculation, alongside NFT Tech expert Adam De Cata’s involvement with conveying marketing and different arrangements to M2E projects, are set to assume a critical part in Walken’s prosperity. As well as getting vital accomplices to help the WLKN token send off, the relationship is working with Walken’s investigation into new conventions and patterns and making significant associations for the group to reinforce the current environment.

“We’re happy to welcome NFT Tech’s participation. Having a public company supporting us helps us stand out from the crowd. With NFT Tech’s crypto expertise, we see their involvement as something much bigger than a simple investment and expect to see further collaboration in the future,” said Alexei Kulevets, Co-Founder and CEO of Walken.

NFT Tech went into a concurrence with the group behind Walken on June 3, 2022. As per the arrangement, NFT Tech will offer monetary help for the Walken project and to team up with the makers by utilizing NFT Tech’s expansive involvement with cryptogaming and capital business sectors and giving exhortation on exploring M2E in the more extensive P2E and Web3 scene.

A comparable undertaking, STEPN, an application based on Solana’s blockchain that rewards clients for strolling, running, or running outside, kept more than 650,000 month to month dynamic clients in May 2022. STEPN is acquiring up to $100 million every month, which is over two times the number for April, which was triple the figure for March. Roughly 30% of STEPN’s users come from outside of crypto, which features how M2E can installed individuals to Web3 – an errand that different applications presently can’t seem to accomplish.

About Walken

Walken is a Move-to-Earn portable application worked by a group that utilizes the development discovery capacities of standard cell phones and wearable gadgets to catch the progression counts of clients, who are then compensated with WLKN tokens for in-application game play and NFTs. Created by the group behind Appyfurious and GetFit Apps, Walken is devoted to connecting gaming and crypto to a sound, dynamic way of life.

About NFT Tech

NFT Tech attempts to foster framework, resources, land and IP in the metaverse, assemble and produce income from P2E and M2E games, and carry experiences and advantages to the public business sectors. By overcoming any barrier between conventional capital business sectors and the Web3 space, NFT Tech is mainstreaming decentralized proprietorship, NFTs, and the metaverse. Current ventures incorporate establishing the GOAT Guild and Fuku.

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Preventative Note on Forward-Looking Information

This public statement holds sure forward-peering articulations inside the importance of material protections regulations regarding the Company. These forward-looking explanations for the most part are recognized by words, for example, “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and comparable articulations. Forward-looking articulations in this public statement incorporate explanations connecting with notoriety and resilience of M2E games; advantages of interest in the Walken project; and the advantage to Walken through NFT Tech’s contribution in the undertaking.. Albeit the Company accepts that the assumptions and suppositions on which such forward-looking proclamations and data are based are sensible, unnecessary dependence ought not be put on the forward-looking explanations and data in light of the fact that the Company can give no confirmation that they will end up being right. Since forward-looking articulations and data address future occasions and conditions, by their very nature they imply inborn dangers and vulnerabilities. Many variables could make genuine future occasions vary physically from the forward-looking proclamations in this public statement including, without constraint, the gamble factors portrayed in the Prospectus. Perusers are forewarned that the prior rundown of variables isn’t thorough. The forward-looking explanations remembered for this news discharge are explicitly qualified by this preventative assertion. The forward-looking explanations and data contained in this news discharge are made as of the date concerning this and the Company embraces no commitment to refresh openly or update any forward-looking assertions or data, whether because of new data, future occasions etc., except if so expected by relevant regulations.

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