NFT Technologies Spearheads the Future of Digital and Physical Infrastructure Through MetaBlox Investment

NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTC: NFTFF) ("NFT Tech") is excited to share the latest developments in its investment portfolio, with a spotlight on the thriving MetaBlox project. Amidst the dynamic shifts in the decentralized market, NFT Tech's strategic investments, particularly in Decentralized Physical Infrastructure Networks (DePIN), have showcased remarkable resilience and innovation. This resilience is also supported by a larger market trend that shows DePIN revenues to be the most resilient of unchain revenues. This update highlights the journey of MetaBlox investment, demonstrating the transformative power of tokenization in bridging web3 with tangible, physical infrastructure.

A cornerstone of the company’s investment approach has been the adoption of the Simple Agreement for Future Tokens (SAFT), an innovative contractual mechanism that primes blockchain projects for success by facilitating early-stage funding. Through SAFTs, the company has empowered projects such as 5ire, MetaBlox, and Faithtribe, providing the foundational support necessary for these ventures to flourish. By prioritizing early investment in these transformative technologies, the company has solidified its commitment to pioneering the future landscape of blockchain and decentralized networks.

In the rapidly expanding domain of decentralized networks, MetaBlox stands out as a beacon of innovation and growth. Stemming from cutting-edge enterprise technologies like Passpoint and OpenRoaming, MetaBlox delivers a pioneering protocol that empowers users to seamlessly traverse different WiFi networks using their decentralized identifiers and corresponding verifiable credentials. By doing so, MetaBlox has established a unified global WiFi OpenRoaming network, seamlessly interlinking distinct WiFi networks. This approach eliminates the tiresome cycle of repeated log-ins, reconnecting, password sharing, and redundant registrations that users currently contend with whenever they try to connect to a new WiFi network.

According to Messari’s State of DePIN 2023 report, WiFi has had the highest growth in the volume of data transferred, users, and the number of nodes deployed. Since its inception, the MetaBlox network has rapidly expanded, boasting deployment of 86,864 miners across all inhabited continents and seeing its user base grow 30X since Q3 2023. This unprecedented growth is underpinned by a surge in investment from the community, recognizing DPIN's potential to revolutionize infrastructure development and management through decentralization. Such a shift signifies the vast economic potential of integrating blockchain technology into physical infrastructure and highlights the increasing confidence of investors in the scalability and viability of DePIN projects.