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NFT's and Revolutionizing Security in the Art and Collectibles Market


NFT s and Revolutionizing Security in the Art and Collectibles Market
NEW YORK, April 7, 2021 /PRNewswire/ Despite COVID-19 s impact on galleries, auction houses and retailers, the global art market circulated more than $50 billion in art, while other collectibles such as coins and trading cards saw record sales. Amazingly, an estimated 10% of art is stolen annually, and an estimated 50% of all sports memorabilia is estimated to be fake per the FBI. To get a flavor of just how difficult it is to know if something is stolen and replaced with a near-perfect forgery, Interpol s stolen artwork database has more than 50,000 items across 134 countries listed in it. Experts note that scams and hacks are already hitting the exploding market of digital collectables known as NFT s (non-fungible tokens). Taking the collectables world by storm, a non-fungible token is a unit of data on a blockchain ledger that represents a unique underlying asset. As with most other things, crooks flock ....

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FACT, Inc. (FCTI) Expands Blockchain Platform to Include Non-Fungible Tokens (NFTs)

FACT, Inc. (FCTI) Expands Blockchain Platform to Include Non-Fungible Tokens (NFTs)
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FACT, Inc.: FACT, Inc Changes Ticker Symbol to Reflect Strategic Refocus


FACT, Inc.: FACT, Inc Changes Ticker Symbol to Reflect Strategic Refocus
Company or
FACT, Inc ) is pleased to announce today that it has changed its ticker symbol to align with the recent strategic changes within the Company, including the refocusing of the Company on verification, reporting and management of fine art and collectibles for the global market. The name change was approved on November 18, 2020 by the Board of Directors and the majority shareholder. The Company expects that the shares of common stock will begin trading on the OTC Markets under the new symbol FCTI on December 16, 2020.
We are pleased to announce a rebranding of the Company that reflects the strategic realignment of the Company s business objective around changing the way art is authenticated, tracked and managed across multiple sectors throughout the fine art and collectible industry, said Patricia Trompeter, Chief Operating Officer of FACT, Inc. We want our company name and symbol ....

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