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Alpha Metaverse Technologies Inc
Symbol ALPA
Shares Issued 71,272,880
Close 2023-02-23 C$ 0.10
Market Cap C$ 7,127,288
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Alpha Metaverse releases AI tool for content production

2023-02-23 15:00 ET - News Release

Mr. Brian Wilneff reports

ALPHA METAVERSE TECHNOLOGIES INC. ANNOUNCES AI TOOL FOR METAVERSE CONTENT PRODUCTION

Alpha Metaverse Technologies Inc. has released its latest AI (artificial intelligence) tool that enables companies to generate concept art to create 3-D assets for metaverse experiences at a significantly reduced cost and time.

As companies increasingly experiment with metaverse content production, the cost of creating 3-D assets has become a major challenge. To address this challenge, Alpha Metaverse Technologies has developed an AI pipeline and automation tool that will enable companies to create concept art for 3-D assets quickly and cost-effectively.

"Our new AI tool is a game changer for companies seeking to produce metaverse content," said Brian Wilneff, chief executive officer of Alpha Metaverse. "We understand the cost and time associated with traditional 3-D asset creation, which can be a barrier to development. This new AI tool will enable companies to produce 3-D assets at a fraction of the cost and time, making it easier for them to develop and innovate in their metaverse experiences."

The new AI tool is built on advanced machine learning models like OpenAI's products, and the tool's automation capabilities enable the creation of high-quality concept art to develop 3-D assets with minimal human intervention. This automation reduces the potential for human error and saves considerable time and cost for businesses.

Please keep an eye out for access to a beta version of the company's AI tool to be accessed through the company's website. The company anticipates this will be available soon.

About Alpha Metaverse Technologies Inc.

Alpha Metaverse Technologies is a publicly traded company, holding a portfolio of assets in gaming, metaverse technology and studio services that focus on emerging industries such as e-sports, mobile gaming, e-commerce and other high-growth opportunities. Operational units include: Shape Immersive, a full-service metaverse studio building the future of Web3 gaming and virtual retail experiences for Fortune 500 companies and beyond through 3-D, NFT (non-fungible token), XR (extended reality) and game production; MANA, a custom-built SaaS (software as a service) solution and innovation lab that empowers partner companies to level up their community engagement by launching their own gaming platforms; and GamerzArena, a gaming platform that provides an e-sports ecosystem for all gamers. The platform provides video game contests for top titles where gamers can compete for cash and prizes. Alpha clients and partners include RTFKT, Olympics, Star Altas, Red Bull, Intel, TED and more.

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