NEW YORK, Jan. 11, 2022 /PRNewswire/ -- Color Star
Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as
"Color Star" or the "Company"), an
entertainment technology company with a global network that focuses
on the application of technology and artificial intelligence in the
entertainment industry, announced today that the global open beta
version of its entertainment metaverse platform "Color World" will
be launched on January 28, 2022.
The open and global beta version of "Color World" is an
entertainment metaverse platform that Color Star team spared no
effort to create. This version will include functions of virtual
character, intelligent interaction, automatic NFT scene generation,
and second life development, etc. Once launched, uses can register
an identity of their choice in Color World and generate an avatar,
which can live a brand-new life there. In Color World, all users can make friends,
play sports, purchase real estate, buy land, start their own
businesses, and even develop their own properties for sale. In
addition, users can hold their own concerts, dance performances,
and even showcase movies, TVs and short films shot by themselves to
Color World's global users.
Sir Lucas Capetian, CEO of Color
Star, commented, "We have been making breakthroughs in the
technological updates of the entertainment metaverse. We believe
metaverse is a brand-new world waiting to be developed, where
everyone can not only live a better life, but also show off their
talent; our unrealized dreams can be realized in Color World. You
can be a music megastar, a business tycoon, even a king of your own
kingdom in Color World. Our Color World is open and inclusive, we
hope more talents and personal charisma can be realized here. The
current online version is the initial version. I believe our Color
World will be perfected as the team and participants continue to
progress."
The new version and update of Color World indicates the
company's dedication to building a metaverse platform. All
registered users of the original Color World APP will be
automatically updated to the new version of Color World metaverse.
It is also believed that the updated version will attract more new
registers. This online version will be an open beta version, and
Color Star hopes that users around the world can provide valuable
feedback so as to make our
metaverse more perfect.
About Color Star Technology
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 wholly-owned
subsidiaries, Color China Entertainment Ltd. and CACM Group NY,
Inc. The Company's online education is provided through its Color
World music and entertainment education platform. More information
about the Company can be found at
www.colorstarinternational.com.
Forward-Looking Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are
not guarantee of future performance and involve risks and
uncertainties that may cause the 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 goals and strategies; the Company's future
business development, including the development of the metaverse
project; product and service demand and acceptance; changes in
technology; economic conditions; the growth of the educational and
training services market internationally where CSCW conducts its
business; 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 foregoing and other risks contained in reports filed by
the Company with the Securities and Exchange Commission. For
these reasons, among others, investors are cautioned not to place
undue reliance upon any forward-looking statements in this press
release. Additional factors are discussed in the Company's filings
with the U.S. Securities and Exchange Commission, which are
available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward–looking
statements to reflect events or circumstances that arise after the
date hereof unless required by applicable laws, regulations or
rules.
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SOURCE Color Star Technology Co., Ltd.