NEW YORK, June 16, 2022 /PRNewswire/ — Color Star Technology Co., Ltd. (Nasdaq: CSCW) (“Color Star” or the “Company”), an entertainment technology company with a global network dedicated to the application of technology and artificial intelligence (“AI”) to the entertainment industry, recently announced new features. and in-game locations are in development following a recent successful app update, gaining attention from both the public and industry insiders. Today, Color Star announced once again that the games section of the Metaverse Platform is officially open. Members can log in to experience new entertainment made possible by modern technology.
Since the launch of the Color World metaverse application, the technical team has been working non-stop on development and innovation, combining a large number of AR and AI technologies, virtual images with real locations, creating virtual conference rooms, digital airports, corporate headquarters, celebrity entertainment. , and other related content. Color Star creates interdependence between entertainment and business by constantly providing users with updated new content. The launch of the Rainbow Beans currency will allow users to access realistic immersive interactions. This section of games was the focus of the technical development team. It is understood that the genre of the recently released game called “Super Kart Racing” already has a large global competitive arena compared to similar more traditional games. “Super Kart Racing” adheres to the concept of the metaverse in terms of very high standards of graphics and competitive scene. During pre-testing, users gave very positive feedback on the game’s graphics and gameplay. The Color Star metaverse will follow Super Kart Racing and release more games in the future.
Lucas Kapetian, CEO of Color Star commented: “Many people who follow our team and our software have noticed that we have been posting a lot of good news lately. This is because in the early stages of the Color World metaverse platform, we were able to attract many new business partners due to our extensive user base and technical content. In this update of our software, we have updated all locations, companies, celebrities, games, etc. We also gave away some of our partners and users to play with, giving us the opportunity to express their opinion, which gave us support and trust. Thus, releasing one good news after another is the best way to repay these supporters. In addition, we hope everyone understands that the Color World metaverse application is the “artificial intelligence + celebrity entertainment” metaverse entertainment platform, which is our biggest priority and advantage. We will continue to use our professional strengths and resources. Color Star will bring extraordinary entertainment technology to millions of users around the world. We encourage everyone to download the Color World_Metaverse App on the Apple App Store and Android Google Play to experience our software, and we also hope that more game companies will cooperate with us to release more high-quality games on our Metaverse software platform. . “
About Color Star Technology Co., Ltd.
KO. Color Star Technology Co., Ltd. (Nasdaq: CSCW) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The company’s online learning is delivered through the music and entertainment education platform Color World. For more information about the company, please visit www.colorstarinternational.com.
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements relating to plans, objectives, objectives, strategies, future events or results of operations, as well as underlying assumptions and other statements other than statements of historical fact. When the Company uses words such as “may”, “will”, “intends”, “should”, “believes”, “expects”, “anticipates”, “projects”, “evaluates” or similar expressions that are not exclusively to historical questions, he makes forward-looking statements. Forward-looking statements are not guarantees of future results and are subject to risks and uncertainties that could cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including but not limited to the following: the Company’s objectives and strategies; the future development of the Company’s business, including the development of the metaverse project; demand for goods and services and their acceptance; changes in technology; economic conditions; the growth of the market for educational and training services at the international level, where CSCW operates; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the above and other risks contained in the reports filed by the Company with the Securities and Exchange Commission. For these reasons, among other things, investors are cautioned not to place undue reliance on any of the forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the US Securities and Exchange Commission, which are available at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that occur after the date hereof, unless required by applicable laws, regulations or rules.
SOURCE Color Star Technology Co., Ltd.