NEW YORK, Jan. 28, 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 ("AI") in the entertainment industry,
today announced that its entertainment metaverse product "Color
Star" is officially launching today and is available for download
on the Apple App Store and Google Play Store.
Mr. Lucas Capetian, CEO of Color Star, said: "After rigorous
testing and fine-tuning, the initial release version of our
entertainment metaverse Color World is now available to users
worldwide. This version of the metaverse is set in Dubai, UAE, and we are planning to add in
virtual models of many more cities in the future. Features in this
initial release include social features, shopping, celebrity
masterclasses, and so on. For now, these features are free for all
users. After download and registration, users can choose an in-game
avatar of their liking to represent them in the metaverse. Users
can meet and chat with other users located around the world via
Color World's social features, purchase any products they like in
the metaverse's shops, and take masterclasses from celebrity
musicians, artists, and athletes in the virtual classrooms. Color
World's current version is a very basic build, and we believe there
are still lots to improve. I also hope users can offer us
constructive feedback after experiencing our metaverse. We hope
that Color World's user experience will eventually be perfected
with continuous updates.
The launch of Color World also indicates to users around the
world that they will be seeing a lot more of these technology
entertainment products that Color Star is fully focused on
creating. Future updates to Color World may include NFTs, VR
support, and AI technology. Users will only have to update the app
in their appropriate app stores in order to receive these
updates.
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.