CryptoNewsBreaks – Global Fiber Technologies Inc. (GFTX) Subsidiary Enters Partnership to Offer NFT, Vinyl Record Bundles

Global Fiber Technologies (OTC: GFTX) announced that its subsidiary, Authentic Heroes Inc., has inked a letter of intent (“LOI”) to create a joint venture with Maestro Entertainment Corp. The agreement outlines the terms of licensing Maestro’s music catalog of more than 10,000 master recordings as well as leveraging Maestro’s industry relationships to pursue opportunities for combined venue. According to the announcement, the agreement will create a synergy between the companies. Initial collaboration will include creating and selling non-fungible music tokens along with vinyl records that will be available individually or bundled together. Maestro Entertainmenthas acquired the rights to more than 16,000 master song recordings from the 1940s, 1950s, 1960s and 1970s from some of the most recognizable bands and singers in the music industry. Catalog songs include numerous genres from classical and country to rock and reggae. “Taking classic recordings and turning them into collectible ‘NFT bundles’ that include both an NFT and remastered vinyl albums is how both parties look to bring to market a unique value package for the collector community,” said Global Fiber Technologies president and chair Chris Giordano in the press release. “We further [believe] that by giving collectors the provenance and immutability on our blockchain that will preserve their value and rightful ownership.”

To view the full press release, visit https://ccw.fm/HCLm4

About Global Fiber Technologies Inc.

Global Fiber Technologies is an ECO-technology holding company that specializes in the repurposing of textile fibers. The company operates through three subsidiaries: Authentic Heroes Inc., ECOTEK360 and Fiber-chain LLC. GFTX uses its patented technologies and proprietary trade secrets to bring cutting-edge attributes and value-added properties to textile and apparel industries. The company will market its branded products to both the B2B and B2C markets, which will include the corporate, hotel, hospital, and military and e-commerce consumer markets. For more information, visit the company’s website at www.GlobalFiberTechnologies.com

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.

To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.