Integrated Media Technology Limited Announces Completion of Development of its ‘Deals’ NFT Trading Platform
SYDNEY, January 18, 2022 /PRNewswire/ — Integrated Media Technology Limited (NASDAQ:IMTE) (“IMTE” or the “Company”), today announces the completion of development of its online digital asset trading platform “Auction”.
Ouction platform is an interactive experience solution designed with dynamic image cryptographic verification technology that will act as a bridge for O2O (Online to Offline) transaction. This will allow the “Ouction” platform to not only verify transactions of virtual (digital) assets, but also provide notarized digital encryption and Blockchain certificates of physical assets for a more platform trading experience. fair and more credible for e-commerce businesses and their users. The website www.ouction.io is available now for registering and trading digital assets.
Eric Zhang, Ouction’s CTO said, “The number of digital assets listed on the platform is limited at this time, but we expect this to increase as we promote and market our Ouction NFT platform in Asia and North America. NFT or Non Fungible Token makes it easy to move assets from the real world to the digital/virtual world.”
“It’s an exciting time. The non-fungible token market in 2021 has reached new heights as the popularity and adoption of NFTs and cryptocurrency continue to grow. NFT sales have had a breakthrough year with an estimated sales volume of more than $40 billion in 2021, as reported by Bloomberg,” Mr. Kim Chan, the CEO of Ouction. He further added “Every day there are news about the development of the metaverse and how it will reshape the way we interact with each other in the real and virtual world. The use of NFT, blockchain technologies and smart contracts is the cornerstone of bringing/creating digital assets from the real world to the virtual world.Ouction’s market plans to be a niche market in art, historical artifacts, photos and videos.
About Integrated Media Technology Limited (“IMTE”)
IMTE is an Australian company specializing in the manufacture and sale of nano-coated plates for filters, the manufacture and sale of electronic glass, the operation of an online exchange platform for the trading of digital assets and the provision of financial research. For more information, please visit www.imtechltd.com.
Safe Harbor Statement
This press release contains certain statements which may include “forward-looking statements”. All statements other than statements of historical facts included herein are “forward-looking statements.” These forward-looking statements, often identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and such expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements due to a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements.
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SOURCE Integrated Media Technology Limited