NFT Tech to Develop, Execute Web3 Strategy for World Table Tennis Championships

NFT Technologies is making a new collaboration with World Table Tennis, which hosts the International Table Tennis Federation-sanctioned global championships.

The Vancouver-based Web3 startup says an exclusive multi-year deal with World Table Tennis will see NFT Tech develop and execute a Web3 strategy to Engage a global fan base and “reach the frontiers of Emerging technology.”

I am extremely excited about what we will be able to show the world, said Adam De Kata, CEO of NFT Tech. “Table tennis is exploding in terms of global popularity and participation and WTT has been very forward-looking and progressive in leading sports technology innovation.”

According to De Kata, NFT Tech “plans to create exciting multi-faceted experiences that drive fan and player engagement, including play-to-earn, which in itself is a multi-billion-dollar event.” Opportunity is the place.”

WTT reports a global fan base of over 500 million viewers at 50 global events annually.

Michael Brown, Chief Financial Officer of WTT, explains, “WTT has been Researching and planning its entry into the Web3 space for more than 15 months, studying and analyzing the ways in which we are able to communicate more through Web3. More fans can create engagement.” We believe that coming up with a Web3 strategy will suit our core fanbase and their interests, while also attracting new fans to participate in the world of table tennis.

This multi-year partnership is a natural continuation of the momentum NFT Tech built at the Australian Open, Adam continued.

“With fifty annual events (as opposed to just one), world table tennis presents a ton of potential, not only with new projects or ideas, but also with a business model that leverages Resale royalties,” De Kata said. With so many tournaments and events, we will be able to drive more Utility to owning some NFTs which will be a huge benefit for fans as well as a huge opportunity for NFT tech.

De Kata joined NFT Tech in July through the acquisition of Run It Wild, a Multidisciplinary blockchain, Metaverse, and NFT development studio he founded.

Earlier this summer, NFT Tech announced a collaboration with Walken, a move-to-earn mobile app that uses the motion-detection capabilities of standard smartphones and wearables to track users’ steps. The counts can be captured, which are then rewarded with WLKN tokens – in-app game play and NFTs.

Source: techcouver.com