Vancouver, British Columbia, April 11, 2023 – NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) ("NFT Tech"), a leading technology company partnering with top-tier brands to accelerate their entry into the world of web3 through innovative technologies and unparalleled creativity, has released a comprehensive report analyzing the adoption of web3 technology by top brands. The report, which covers the period from 2022 to Q1 2023, provides insights into the sectors and brands that are leading the way in web3 adoption.
According to the report, 315 brands launched a total of 526 web3 projects in 2022 and Q1 2023. The report also scored brands based on aesthetics, originality, purpose, and fluency, providing a comprehensive overview of the quality and uniqueness of web3 projects launched by top brands.
The report highlights the continued interest and investment in web3 technology by top-tier brands, with 40% of projects lasting over 1 year. The report also suggests that real-world adoption of web3 technology will continue to increase, as more brands explore the potential of this new technology.
“Despite market conditions tightening in 2023, we have seen consistency in web3 project launches, with brands exploring the technology's full potential,” said Adam De Cata, CEO of NFT Tech. “As web3 use cases move beyond the hype cycle, we are now starting to see brands engage their customers with meaningful usecases of NFTs.”
The report covers a range of topics, including web3 enablers, reasons why brands made web3 moves, real-world adoption trends, web3 technology choices, and metaverse platform choices. It also provides insights into web3 adoption in specific sectors, such as fashion, sports, and retail.
NFT Tech's report is based on ongoing market research and tangible experience delivering web3 strategies for top-tier brands, including the Australian Open, Elvis Presley Enterprises, Linktree, World Table Tennis, and others.
To learn more about the report and NFT Tech's web3 strategies and solutions, visit our website at link.nfttech.com/web3-report
NFT Tech builds products that accelerate web3 adoption by infusing utility into digital assets. The company’s technology is designed to increase consumer engagement, enable digital asset ownership, and discover new business models, making NFT Tech a trusted partner to global brands across many industries, including sports, entertainment, and art. NFT Tech’s award-winning studio is the recipient of the first-ever Cannes Lion for an NFT Activation, of the most respected and well-known awards in the industry.
NFT Tech is publicly listed on the NEO exchange under the symbol NFT and on OCTQB under the symbol NFTFF. By bridging the gap between traditional capital markets and the web3 space, NFT Tech is mainstreaming the new era of the internet while bringing insights and benefits to the public markets.
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