Business
Addentax Group Corp. Launches a Metaverse Project with NFTCN-Bigverse, Bridging Blockchain, Internet Content, and Society through NFT Art Innovation
SHENZHEN, China, July 25, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (Nasdaq: ATXG), an integrated service provider focusing on
About this update from Addentax Group Corp.
[{"type":"text","content":"SHENZHEN, China, July 25, 2023 /PRNewswire/ -- Addentax Group Corp. (\"Addentax\" or the \"Company\") (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, and property management and subleasing, announces the launch of a brand-new Metaverse project in partnership with Hangzhou Yuanyuzhou Technology Co., Ltd (\"NFTCN-Bigverse\"), the largest and most active NFT trading platform in Asia. The project aims to establish an expansive NFT ecosystem, merging blockchain technology, internet content, and society.\nCombining Addentax's extensive network in artificial intelligence (\"AI\") with NFTCN-Bigverse's technologies in encrypted chips, augmented reality (\"AR\"), and virtual reality (\"VR\"), both companies strive to establish a leading Metaverse society for NFT artists and collectors in Asia. The Metaverse ecosystem will be built on blockchain technology, integrating elements of blockchain, internet content, and society. Registered users will have access to their own VR art boxrooms, immersing themselves in a unique digital experience.\nMr. Hong Zhida, Chairman and CEO of Addentax, expressed his enthusiasm for this new venture, stating, \"After venturing into the AI business with our recent game-as-a-service initiative, we are excited to explore the Metaverse and NFT space. With the entry of major internet corporations including but not limited to Meta Platforms, Inc. (formerly known as \"Facebook\") (Nasdaq: META) and Roblox Corporation (Nasdaq: RBLX) into this rapidly growing sector, we recognize the immense potential and popularity it holds. We are determined not to miss this opportunity and aim to secure our position as a frontrunner in the Metaverse and NFT industry.\"\nThe Company is taking a cautious approach to the potential Metaverse project, recognizing the significant challenges, capital and expertise required for its successful execution. The Company plans to engage with experienced professionals, including legal experts and AI programmers, to thoroughly assess the feasibility and suitability of undertaking this project.\n\"At Addentax, we prioritize responsible decision-making and thorough evaluation before embarking on any new venture. Our discussions with professional experts and AI programmers will help us understand the risks and challenges associated with the projec...