Cloud Nine Web3 Technologies Inc (CSE:CNI) (OTCMKTS:CLGUF) has announced a strategic partnership with Next Decentrum Technologies Inc to launch a series of education products on non-fungible tokens (NFTs) and relevant blockchain opportunities.
Cloud Nine said the strategic partnership aims to capitalize on the significant growth and media attention the NFT art market has experienced recently, with sales of more than $216 million in the past 30 days alone.
“We are very pleased to announce our partnership with the Next Decentrum team as part of Cloud Nine’s plans to expand its strategic exposure to emerging technologies,” Cloud Nine Web3 Technologies President Sefton Fincham said in a statement.
READ: Cloud Nine Web3 Technologies powered Next Decentrum platform releases its Non-Fungible Tokens guide for global collectibles
“We believe Cloud Nine is positioned to capitalize on the dominance of emerging technologies, and working with the team at Next Decentrum will create significant opportunities in the marketplace, which will be key to achieving our long term goals,” Fincham added.
Next Decentrum Technologies CEO Hussein Hallak also commented, stating: “Beyond the hype, NFTs are fundamentally a technology innovation that solves problems affecting the music, art, and content creation industries.”
“Through this continuing partnership with Cloud Nine, we aim to help artists and content creators capitalize on the unique opportunity made possible due to intersection of education and technology.”
Cloud Nine added that the partnership follows the release in March of Next Decentrum’s education platform and several educational programs, including the Quick & Dirty Guide to Blockchain and The Quick & Dirty Guide to NFTs, which it said received much interest from the market.
NFTs are a unit of data on a digital blockchain ledger that represents a unique, non-interchangeable digital item, which is expected to solve persistent problems of authentication affecting the music, art, and content creation industries.
Cloud Nine also noted that it expects products and managed services to turn NFTs into a reliable source of revenue for artists and content creators.
Cloud Nine Web3 Technologies, formerly Cloud Nine Education Group Ltd, is a technology platform company focused on incorporating emerging technologies into its current platforms. The Vancouver-based company’s mission is to fuel innovation and make the future more accessible by powering the launch and growth of future Web 3.0 technologies focused on decentralization.
Cloud Nine Web3 Technologies and Next Decentrum Technologies are both portfolio companies of Victory Square Technologies Inc (CSE:VST) (OTCMKTS:VSQTF) (FRA:6F6).
Contact Sean at sean@proactiveinvestors.com