VANCOUVER, British Columbia--(BUSINESS WIRE)--NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (the “Company” or "NFT Tech"), a leading technology company to mainstream decentralized ownership, NFTs and the metaverse for public markets, announced today that the Company has successfully listed its common shares for trading in Europe. The trading symbol for the common shares on the Frankfurt Stock Exchange is “8LO” and the WKN identification number is A3DM5Z.
This new listing follows upon NFT Tech’s successful launch on the NEO Exchange on May 25, 2022. This new listing provides additional visibility for shareholders and investors.
“Europe is a leader in blockchain and cryptocurrency innovation, making it a natural choice for our next listing venue. With a significant number of projects we’re participating in coming out of Europe we’re very excited to allow European investors to participate alongside our success,” said Wayne Lloyd, Executive Chairman of NFT Tech. “We believe being listed in Europe also extends our opportunity to work with more projects and companies, Canada is amazing but to some project founders being listed in a region they can tangibly interact with adds even more credibility to NFT Tech.”
The European Union has traditionally been ahead of the curve with respect to the protection of digital sovereignty. But until recently, regulation, through measures like the GDPR, has been its only tool. Current trends now indicate that thought leaders in the EU are looking more and more toward Web3 as the future of decentralized ownership and control of data. In Web3, users can own pieces of internet services by owning both non-fungible and fungible tokens, which works to address what is often viewed as the main problem of centralized networks where value is accumulated by one firm.
The current EU trends and Web3-friendly attitudes have started to show their impact on the market and digital community. Ten of the top 30 cities for Web3 job listings are in European cities, including Berlin, Amsterdam and Zurich. As countries around the world scrounge to offer the most friendly operational environments for crypto enterprises, Germany ranks at the top as of Q1 2022.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate and IP in the metaverse, build and generate revenue from P2E and M2E games, and bring insights 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 include founding the GOAT Guild, Fuku and a recent partnership with Elvis On-Chain.
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 increased visibility and access to Company shares for shareholders and investors; continued EU protection of digital sovereignty and trends toward Web3 adoption; beneficial effect of decentralization and tokens on the market and centralized networks; and Germany’s ranking as a top market for crypto enterprises. 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.
