The NFT Gaming Company, Inc. (NASDAQ: NFTG) is focused on developing a gaming platform, which will pair proprietary and third-party games with the ability to create and mint unique in-game features like characters, skins, and more as NFTs. Shares of the gaming company are rallying 45% through early trading on Tuesday, April 4, 2023. Over the past three months, The NFT Gaming Company has seen average daily volume of 154,050 shares. However, volume of 14.81 million shares or dollar volume of around $30.8 million, has already exchanged hands through early trading.
Shares of The NFT Gaming Company are surging after the company provides a comprehensive shareholder update covering gaming launch, artificial intelligence (AI) initiatives, the Gaxos platform, and more. The company announced plans to begin launching its proprietary gaming titles across Android and iOS by the end of the first half of 2023. NFTG says they have 12 games across various stages of development, with plans to begin developing additional titles in the near future.
NFTG says the current gaming lineup will be diversified across action & adventure, puzzle, strategy, first-person shooters, multiplayer online, and matching games. Furthermore, the company says all of its games will be interconnected through a character avatar, which will be able to transfer experience points and digital assets.
The NFT Gaming Company also announced it has begun developing AI-based games and technologies using ChatGPT, GPT-4 and Midjourney. The company previously acquired Voxpow earlier in 2023, which will allow NFTG to integrate AI into its games.
The Gaxos platform is also currently being developed alongside its gaming titles, which is estimated to launch by the end of 2023. Gaxos will be a central hub that hosts all of NFTG’s proprietary and third-party games. Using the platform, gamers will be able to mint an NFT of their avatars, which will hold their gaming progress and can be traded or sold on third-party NFT marketplaces.
The NFT Gaming Company also announced that it had entered into a software and patent license agreement with Columbia University back in August 2022. Under the agreement, Columbia University has granted NFTG a royalty-based, exclusive, global, non-transferable license to access the university’s intellectual property pertaining to gaming with NFTs.
“We are extremely excited to begin releasing our proprietary games and flagship product, Gaxos,” commented Vadim Mats, Chief Executive Officer of NFTG. “The Company is actively developing games and a community that will offer content that will appeal to all types of gamers. By combining games and genres that people love to play with the power of the blockchain, AI, and other state-of-the-art technology, we are paving the way for the new generation of digital gaming. I look forward to user acquisition and generating revenue to drive value for our shareholders.”
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