ZW Data Action Technologies Inc. Announces Cooperation for NFT and Metaverse Market on the Global IP with Digital Gold Information
December 21 2021 - 8:30AM
ZW Data Action Technologies, Inc. (Nasdaq: CNET) ("ZW Data" or the
"Company"), an integrated online advertising, precision marketing,
data analytics, and other value-added services company, today
announced a cooperation with Guangzhou Digital Gold Information
Technology Co., Ltd. (“Digital Gold Information”) to jointly
develop “IP + NFT” products. By leveraging Digital Gold
Information’s Intellectual Property (“IP”) resources and IP
operations, the Company, based on its BIF platform, will provide
Non-Fungible Token ( “NFT”) technology and related operations, list
IP resources and contents to domestic and international NFT market,
and explore the development of the combination of offline physical
products + NFT + Metaverse. Metaverse is a combination of multiple
elements of technology, including virtual reality (“VR”) and
augmented reality (“AR”). Combining AR, VR, and other diversified
technologies, Metaverse creates excellent scenarios and platforms
for virtual IP and content production.
Digital Gold Information is a company dedicated to
the IP business operations and IP peripheral products creative
development. Its business includes offline experience and display,
brand marketing and co-branding, peripheral products and digital
merchandise. The two parties will develop the IP + NFT + Metaverse
business model, providing the peripheral products and digital
merchandise services for authorized IPs during this cooperation.
Through the Company’s BIF blockchain platform, the IP co-branded
contents and products can be distributed, traded and transferred on
global NFT platforms such as Antchain and Tencent Huanhe. Combining
multiple technologies such as AR, VR, and Computer Graphics,
Metaverse has created excellent scenarios and platforms for virtual
IP and content production, allowing it to deeply integrate with
more industry scenarios such as live commerce and IP endorsements.
The business model also provides possibilities for the Company to
explore the applications of NFT + tangible assets, digital assets
financial services and others in the future.
In addition, the Company and Digital Gold
Information will jointly establish an IP alliance to develop
domestic and international cooperative IPs. At present, the IP
alliance has closely cooperated with Tencent, Netease and other
internet giants, covering a variety of IP types such as game IP,
two-dimensional space IP, museum IP, and cultural creation IP which
includes but not limited to Kings of Honor of Kings, Game for
Peace, Hatsune Miku, and The Metropolitan Museum of Art. The
average daily active users of Kings of Honor reached 100 million in
2020.
According to the 2021 NFT Market Report by
Chainalysis, users have sent at least $26.9 billion worth of crypto
to ERC-721 and ERC-1155 contracts, the two types of Ethereum smart
contracts associated with NFT collections and marketplaces.
Meanwhile, NFT products such as Dunhuangfeitian released by
Antchain and Shisanyao released by Huanhe were popular in the
domestic NFT market.
“The main application of NFT gradually expands from
cryptocurrency and game to collectibles, artwork, domain name,
identity, and other fields. We believe the IP + NFT + Metaverse
will become the key application of our blockchain technology as the
interactions of NFT with metaverse may be the next focus in the
technology sector,” commented Handong Cheng, Chairman and Chief
Executive Officer of ZW Data.
About ZW Data Action Technologies
Inc.
Established in 2003 and headquartered in
Beijing, China, ZW Data Action Technologies Inc. (the “Company”)
offers online advertising, precision marketing, data analytics and
other value-added services for enterprise clients. Leveraging its
fully integrated services platform, proprietary database, and
cutting-edge algorithms, ZW Data Action Technologies delivers
customized, result-driven business solutions for small and
medium-sized enterprise clients in China. The Company also develops
blockchain and artificial intelligence enabled web/mobile
applications and software solutions for the general public,
enterprise clients, and government agencies. More information about
the Company can be found at: http://www.zdat.com/.
About Guangzhou Digital Gold
Information Technology Co., Ltd.
Established in 2019 and headquartered in
Shanghai, Digital Gold Information is a technology company
dedicated to IP operations and IP peripheral products creative
development. Digital Gold Information is committed to providing the
best products and creating interactive cultural products. Since its
inception, Digital Gold Information has been working closely with
top game IPs such as Honor of Kings, Game for Peace, and GKart; top
two-dimensional space IPs such as Hatsune Miku, Fate and Sailor
Moon; top museum IPs such as The Metropolitan Museum of Art and
Dunhuang Institute of Art and Design; and top cultural creation IPs
such as Tiananmen Tourism Group to jointly development a variety of
products including anime figures, models, blind boxes, peripheral
products and more.
Safe Harbor Statement
This release contains certain "forward-looking
statements" relating to the business of ZW Data Action
Technologies Inc., which can be identified by the use of
forward-looking terminology such as "believes," "expects,"
"anticipates," "estimates" or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including business uncertainties relating to
government regulation of our industry, market demand, reliance on
key personnel, future capital requirements, competition in general
and other factors that may cause actual results to be materially
different from those described herein as anticipated, believed,
estimated or expected. Certain of these risks and uncertainties are
or will be described in greater detail in our filings with the
Securities and Exchange Commission. These forward-looking
statements are based on ZW Data Action
Technologies Inc.’s current expectations and beliefs
concerning future developments and their potential effects on the
Company. There can be no assurance that future developments
affecting ZW Data Action Technologies Inc. will be those
anticipated by ZW Data Action Technologies Inc.. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond the control of the Company) or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by such
forward-looking statements. ZW Data Action Technologies
Inc. undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
For more information, please
contact:
Sherry
Zheng Weitian Group
LLCEmail: shunyu.zheng@weitian-ir.comPhone: +1 718-213-7386
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Jun 2024 to Jul 2024
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Jul 2023 to Jul 2024