NFT Tech announces investment in Move-to-Earn (“M2E”) project Walken to lower barriers to entry on Web3 and reward physical activity during games

Vancouver, British Columbia, June 3, 2022NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (“NFT Tech”)a leading technology company building decentralized ownership, NFTs and Metaverse for public markets, today announced its participation in Move-to-Earn (M2E) Project go ( known.

M2E is a cultural phenomenon in the crypto space, with projects such as Sweatcoin Other things Pokemon Go has begun. Walken is a Web3 lifestyle app that combines real-life activities with online gaming and crypto-earning opportunities. As with all M2E games, the more users move, the more in-game currency they earn. The game’s tokens, WLKN, can either be reinvested in the game or redeemed for cash.

This sector is growing extremely fast. One of the market leaders already has a market value of over $ 6 billion (STEPN), and people of all ages are still busy collecting Pokémon on Pokémon Go. Therefore, we strongly believe that this is a sector that will continue to increase the adoption of the crypto ecosystem. Whether it’s collecting Pokémon or getting points on your Fitbit, there are many who are already embracing Moveto-Earn part without knowing it. We are very pleased to be a part of this project and expect the M2E sector to continue to growsaid NFT Tech Executive Chairman Wayne Lloyd.

NFT Tech’s investment, together with NFT Tech consultant Adam De Cata’s experience in providing merchandising and other events for M2E projects, will play a key role in Walken’s success. In addition to the strategic partners involved in the launch of the WLKN token, the partnership makes it easier for Walken to explore new protocols and trends, and creates important relationships for the team that strengthens the existing ecosystem.

We are excited about NFT Tech’s participation. To have a listed company on our side helps us stand out from the crowd. Given NFT Tech’s crypto expertise, we see the company’s involvement as something much bigger than a simple investment and expect further collaboration in the future.said Walken co-founder and CEO Alexei Kulevets.

NFT Tech entered into an agreement with the team behind Walken on June 3, 2022. Under the terms of the agreement, NFT Tech will provide financial support for the Walken project and work with the creators, bringing NFT Tech’s extensive experience in cryptogaming and capital markets and offering advice on to navigate M2E in the broader P2E and Web3 landscape.

A similar project STEPNa Solana blockchain-based app that rewards users for walking, jogging or running outdoors, had over 650,000 monthly active users in May 2022. STEPN takes every month up to $ 100 million one, which is more than double what it was in April and three times what it was in March. Around the rain 30 % that STEPN-Users come from outside the crypto world. This underscores how M2E can engage people in Web3 a task that other applications do not yet have control over.

About to go

Walken is a move-to-earn mobile app developed by a team that uses the motion detection features of standard smartphones and portable devices to capture users’ step counts, which are then redeemed with WLKN tokens for in-app games, and NFTs are rewarded. The walk was created by the team behind Appyfurious and GetFitApps develop and aim to connect games and cryptocurrencies with a healthy, active lifestyle.

About NFT Tech

NFT Tech works to develop infrastructure, assets, real estate and intellectual property in Metaverse, build and generate revenue from P2E and M2E games and bring insights and benefits to the public markets. By building a bridge between traditional capital markets and the Web3 area, NFT Tech contributes to decentralized ownership, NFTs and Metaverse to bring to the public. Ongoing projects includet the formation of the GOAT Guild and Fuku.

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Wayne Lloyd, CEO

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