NextPlay Technologies, Inc. Announces Plans to Launch a New Class of Tokenized Medical Real Estate in Conjunction with NextPlay’s Extension into Medical Tourism - Seite 2

The Fund’s initial focus is expected to be Southeast Asia where we believe such facilities are most likely to benefit from expected growth in medical tourism. According to Grandview Research, the medical tourism market is expected to grow from $44.8 billion in 2019 to $207.9 billion by 2027, with Thailand currently having the largest market share.

Bill Kerby, co-CEO of NextPlay, stated, “The MedTrek Token is planned to be the first of several crypto-securitized alternative assets that we expect to issue through our FinTech division which includes our indirect ownership in Longroot Holding (Thailand) Company Limited. Through our efforts to date, we believe we have identified opportunities in medical tourism and its adjacencies.  Leveraging on our partners’ significant understanding of real estate development, we believe that we can help catalyze on the growth potential we see in medical tourism by using common sense design and the deployment of latest technologies including Internet of Things and Machine Learning.”

The planned Fund discussed above has not been formed to date, and such formation and anticipated benefits and offerings, are subject to numerous risks and uncertainties, and may not progress on the timeline as currently anticipated, or at all.

The Company’s short video explaining MedTrek is available here.

About NextPlay Technologies

NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. To learn more about NextPlay, visit NextPlayTechnologies.com, and follow us on Twitter @NextPlayTech and LinkedIn.

Important Cautions Regarding Forward-Looking Statements and Disclaimers

This press release includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release.