NFT Gaming provides update on game launches, AI, Gaxos Platform

The NFT Gaming Company is providing shareholders with an update on its roadmap for game launches, AI games, team expansion, as well as development and launch of its Gaxos Platform. On February 17, 2023, the Company closed on its Initial Public Offering. The Company sold 1,686,747 shares of Common Stock for aggregate gross proceeds of approximately $7 million before deducting offering expenses. The Company stock began trading on the Nasdaq Capital Market under the symbol "NFTG" on February 15, 2023. NFTG expects to begin launching its proprietary games on both Android and iOS by the end of the first half of 2023. The Company has approximately 12 games in various stages of development, with additional games to commence development shortly thereafter. Our current lineup features action, puzzle, strategy, multiplayer online battle arena, first-person shooters, and matching games. All of the games published by NFTG will be interconnected via the character/avatar and will possess the ability to transfer points and share economies. The Company has commenced building its AI-driven games by incorporating the most current AI technology such as OpenAI’s, ChatGPT and GPT-4, and Midjourney. Management is assessing new AI technology for feasibility and value in developing its games. New products and developments in the space are currently occurring on a daily basis and the Company is intent on selecting the best technologies for its products. NFTG acquired Voxpow earlier this year to integrate certain AI features into its games. Voxpow boasts AI-powered speech-recognition technology with natural language processing that recognizes more than 100 languages and variants. Other features include sentiment analysis and a variety of other web-based integrations. ChatGPT and GPT-4 by OpenAI uses renowned language models designed to generate human-like conversations. The models are built on state-of-the-art AI technology and have been pre-trained on massive datasets, making it one of the most sophisticated language models in the market. The technology will enable The NFT Gaming Company to leverage these pre-trained models through APIs, making it easier to integrate into games to make interaction more realistic and engaging. Midjourney is a powerful artificial intelligence program that generates images from natural language descriptions called "prompts." The NFT Gaming Company will be able to create games where art is generated based on the choices that gamers will make while playing the games, potentially making each experience unique. Concurrently with the development of its games, NFTG is building its Gaxos platform that is expected to launch by the end of 2023. Gaxos will host all of NFTG’s proprietary games as well as games owned and operated by third parties. The platform will feature a storyline that connects all of the games and characters. The Gaxos community of users will be able to participate in individual and platform-wide goals and achievements. Players will have the ability to mint an NFT of their avatars if they choose to take their character and progress off the platform. Users will be able to sell their NFT on a third-party platform and the new owner can experience Gaxos starting where the seller left off. In addition to the functional use of the NFT, users are able to mint for the collectability and ownership of their avatar. The Company is working with game developers, artists, back-end developers, and other professionals in South America, Eastern Europe, and various other locations worldwide. Management is committed to hiring the best talent while being mindful of the Company’s resources. Management is actively hiring for roles needed to achieve its goals. On August 29, 2022, NFTG entered into a software and patent license agreement with Columbia University in the City of New York pursuant to which Columbia University granted us a royalty-bearing, exclusive, worldwide, non-transferable license to certain intellectual property solely for computer gaming for entertainment purposes involving non-fungible tokens. Management is committed to protecting its IP and will continue to explore additional methods of security in order to prevent any manipulation of its NFTs.