NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) ("NFT Tech"), atechnology company pioneering the use of AI to create immersive, interactive experiences that bring a new level of utility to digital assets, is thrilled to announce its strategic partnership with GPT DAO, a prominent decentralized autonomous organization focused on community-driven governance and resource allocation for Generative Artificial Intelligence.
This collaboration aims to accelerate the way intellectual property is made accessible to emerging AI models, ensuring robust data protection and owner rights.
"One of the most common questions we hear about AI strategy is around protecting intellectual property while engaging with these new technologies. GPT DAO, is a dynamic organization leading the way in decentralized governance and intellectual property protection," said Adam De Cata, CEO of NFT Tech. "Our collaboration embodies a significant stride in ensuring AI models can access the vast wealth of information available while ensuring data owners' rights are uncompromised."
By leveraging new opportunities within NFT Tech’s partners and GPT DAOs community governance structure, NFT Tech and GPT DAO are jointly developing new venues for secure data sharing, fostering a mutually beneficial environment for AI models and data owners.
Generative Artificial intelligence models necessitate large volumes of data for continuous learning and improvement. However, a crucial challenge lies in balancing data accessibility and protection. This partnership addresses this issue head-on, ensuring the rights of data owners while empowering AI models with much-needed data accessibility.
"NFT Tech's success in managing digital assets and IPs in the NFT and digital asset space combined with our commitment to decentralized resource allocation positions us to drive significant advancements in the generative AI field," commented Dr. Michael Ran at GPT DAO.
This strategic partnership paves the way for Generative AI developers and researchers to gain access to high-quality data while ensuring data integrity and owner rights. The collaboration is expected to create new possibilities in the AI landscape, leading to more accurate, efficient, and ethical outcomes.
More details about the partnership and its impact will be shared in the coming weeks.
About NFT Tech
NFT Technologies Inc., commonly known as NFT Tech, is a leading technology company pioneering the use of AI to create immersive, interactive experiences that bring a new level of utility to digital assets. With a focus on intellectual property and AI, NFT Tech is transforming how we interact with the digital world. Its award-winning studio, Run it Wild, has executed notable projects and secured exclusive partnerships, earning prestigious accolades such as the Cannes Lions and the 'Blockchain, NFT and Web3 Tech of the Year' at the Sports Technology Awards. Through its innovative approach, NFT Tech is shaping the future of digital interaction and engagement.
NFT Tech is publicly listed on the NEO exchange under the symbol NFT and on OCTQB under the symbol NFTFF.
About GPT DAO
GPT DAO is the world's largest Generative AI DAO. The community originated in Silicon Valley and is composed of experts, scholars and venture capitalists in the direction of Web3 and Al and a go-to resource for AI education and a community-led bridge for valuable IP essential to AI models.
Follow us on social media:
twitter.com/nfttech
medium.com/@nfttechnologies
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 expansion of the Company's NFT developments and product offerings; statements relating to the contemplated partnership between NFT Tech and GPT DAO; the potential benefits, opportunities, and market demand for AI-driven NFT projects; the potential development and acceptance of AI technologies and related applications; plans for business expansion and growth; and the continued market acceptance of NFTs. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230612026389/en/