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Color Star Technology Co., Ltd. (NASDAQ:CSCW) ("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, recently announced that Color Metaverse Pte. Ltd. ("Color Metaverse"), a subsidiary of Color Star, held a signing ceremony in Dubai to officially sign a strategic cooperation agreement with A-NEX Korea ("A-NEX"), a Korean company. The two sides will focus on further cooperation around the DONO Phone and the ColorWorld Metaverse ("Color World"). On the day of the signing ceremony, Color Star CEO Farhan Qadir and Awad Mohammed bin Sheikh Mujren of the royal family of Dubai, attended the event together with a number of political and business celebrities to witness the signing of the agreement between the two parties.
It is understood that following the ceremony, the two sides will formally discuss and develop cyber security technologies, metaverse project, and metaverse mobile communication strategy. A-NEX, a very powerful technology company, will also be joining the Color World platform, becoming the first technology company to do so. Color Star will create a metaverse headquarter for it, and will also include A-NEX projects along with it in the future. In addition, A-NEX will also provide cyber security technology to Color Star to strengthen the metaverse software application together with Color Star's technical team.
Farhan Qadir, CEO of Color Star, said: "I'm very happy that Color Metaverse has signed a strategic cooperation agreement with A-NEX. Especially in the area of network technology, both sides have their own strengths which complement one another, and that's a sign for a very beneficial cooperation. We have already cooperated with A-NEX before, and it was very tacit and harmonious. Following this agreement, we will give full play to our respective advantages, and we will cooperate closely together on developing our metaverse application, as well as on the optimization and development of the DONO Phone."
Posted In: CSCW
