SYDNEY, Jan. 18, 2022 /PRNewswire/ -- Integrated
Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the "Company"),
announces today the completion of the development of its online
digital assets trading platform "Ouction".
Ouction platform is an interactive experiencing solution
designed with dynamic image cryptographic verification technology
which will serve as a bridge for O2O (Online to Offline)
transaction. This will enable the "Ouction" platform to not only
verify virtual (digtial) asset transactions, but also provide
encryption and Blockchain notarized digital certificates of
physical assets for a fairer and more credible platform trading
experience to e-commerce companies and their users. The website
www.ouction.io is available now for registration and trading
in digital assets.
Eric Zhang, Ouction's CTO stated,
"The number of digital assets listed on the platform is limited at
the moment, but we expect this will increase as we promote and
market our Ouction NFT platform in Asia and North
America. NFT or Non Fungible Token faciliates moving assets
from the real world to the digital/virtual world."
"This is an exciting time. The market for non-fungible tokens in
2021 has surged to new highs as popularity and adoption of NFTs and
cryptocurrency continues to grow. NFT sales had a breakthrough year
with a sales volume estimated over $40
Billion in 2021 as reported by Bloomberg," stated Mr.
Kim Chan, the CEO of Ouction. He
futher added "Everyday, news on the 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 marketplace plans to be a niche market in art,
historical articfacts, photos and videos."
About Integrated Media Technology Limited ("IMTE")
IMTE is an Australian company engaged in the business of
manufacture and sale of nano coated plates for filters, the
manufacture and sale of electronic glass, the operating of an
online exchange platform for trading in 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 that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are 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 such forward-looking statements are
reasonable, they do involve assumptions, risks, and uncertainties,
and these 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 as a result of 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. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/integrated-media-technology-limited-announces-the-completion-of-the-development-of-its-nft-trading-platform-ouction-301462645.html
SOURCE Integrated Media Technology Limited