Published
June 3, 2022

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

Vancouver, British Columbia, June 3,2022 – NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) ("NFTTech"),a leading technology company to mainstream decentralized ownership, NFTsand the metaverse for public markets, announced today its participation in theMove-to-Earn (M2E) project Walken.

M2Eis a cultural phenomenon in the crypto space that began with projects like Sweatcoin and Pokémon Go. Walken is a Web3 lifestyle app that connects real-life activities with online gaming and crypto earning. Like allM2E games, the more users move, the more game currency they earn. The game’s tokens, WLKN, can either be reinvested into the game or cashed out.

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

NFTTech’s investment, along with NFT Tech consultant Adam De Cata’s experience indelivering merchandising and other deals to M2E projects, are set to play a keyrole in Walken’s success. In addition to bringing strategic partners to assistin the WLKN token launch, the relationship is facilitating Walken’s explorationinto new protocols and trends and making important connections for the team tostrengthen the existing ecosystem.

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

NFTTech entered into an agreement with the team behind Walken on June 3, 2022.According to the agreement,NFT Tech will provide financial support forthe Walken project and to collaborate with the creators by leveraging NFTTech's broad experience in cryptogaming and capital markets and providingadvice on navigating M2E in the broader P2E and Web3 landscape.

Asimilar project, STEPN, an app built on Solana’s blockchainthat rewards users for walking, jogging, or running outside, recorded over650,000 monthly active users in May 2022. STEPN is earning up to $100 million every month,which is more than double the number for April, which was triple the figure forMarch. Approximately 30% of STEPN’s users come from outside of crypto,which highlights how M2E can onboard people to Web3 – a task that otherapplications have yet to achieve.

 

About Walken

Walken is a Move-to-Earn mobile app built by a team that uses the movement detection capabilities of standard smartphones and wearable devices to capture the stepcounts of users, who are then rewarded with WLKN tokens for in-app game play and NFTs. Developed by the team behind Appyfurious and GetFit Apps, Walken isdedicated to linking gaming and crypto to a healthy, active lifestyle.

About NFT Tech

NFTTech works to develop infrastructure, assets, real estate and IP in the metaverse, build and generate revenue from P2E and M2E games, and bringinsights and benefits to the public markets. By bridging the gap between traditional capital markets and the Web3 space, NFT Tech is mainstreaming decentralized ownership, NFTs, and the metaverse. Current projects includefounding the GOAT Guild and Fuku.

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medium.com/@nfttechnologies

 

For more information please contact:

Wayne Lloyd, Executive Chairman

ir@nfttech.com

Cautionary Note on Forward-Looking Information This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements in this press release include statements relating to popularity and staying power of M2E games; benefits of investment in the Walken project; and the benefit to Walken through NFT Tech’s involvement in the project.. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release including, without limitation, the risk factors described in the Prospectus. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws No securities regulatory authority has either approved or disapproved of the contents of this news release. The Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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