NEWYORK, September 29, 2022 /PRNewswire/ – Color Star Technology Co., Ltd. (Nasdaq: CSCW) (“Color Star” or “The Company”), an entertainment technology company with a global network focused on the application of technology and artificial intelligence in the entertainment industry, is close to This has officially announced its entry into the mobile communications industry. The co-developed metaverse smartphone, the DONO phone, is out and will soon be available for purchase worldwide. After this phone was revealed, it quickly became a hot topic of interest inside and outside the industry, and the public was interested in the concept of a metaverse phone in addition to the advanced security system of smartphones. bright.
With the increasing use of communication technology and artificial intelligence, the metaverse has become one of the hottest topics for major tech companies to research and develop. Earlier this year, Color Star’s former Color World mobile app was successfully transformed into ColorWorld Metaverse (“Color World”). The virtual locations, avatars, and NFT products found in the newly launched app were applauded by many users, and downloads have since skyrocketed, prompting the Color Star team to beef up security. for apps to fight hackers. Color Star’s DONO phone will now act as a conduit between the user and the supermarket, trying to ensure it is never out of reach. This is a small smartphone that will open the door to super-inverse technology and easy communication and interaction made possible through artificial intelligence.
In terms of DONO phone software, Color World will come pre-installed on all DONO phones, capable and optimized for VR, IR, AR and 5G technologies. Mobile device security is Color Star’s top priority, and their technology team will provide extensive support in research and development of the security system, working to ensure that phones receive Regular security updates to combat the latest attacks and exploits. The DONO phone will use a distributed file storage system and a decentralized storage server to make it an almost impossible task for hackers. Future plans also include the introduction of a digital wallet feature “Dono” and a cloud storage service “Dinbin”.
Farhan QadirColor Star’s CEO said: “Color Star is a technology company, so there are two things we appreciate: one is software development and the other is cybersecurity. DONO phones are coming out. Our eyes are on the global market, and the priority is to ensure exceptional user safety and software stability.Our own Color World app will also introduce more people to the experience. We will provide more technology services and front-end projects in the future.”
About Color Star Technology Co., Ltd.
Colored Star Technology Company Limited (Nasdaq: CSCW) is an entertainment and education company that provides online entertainment performances and online music education services. Its business is conducted through its wholly owned subsidiaries, Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is provided through the 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 includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements relating to plans, objectives, and purposes. goals, objectives, strategies, future events or performance, and underlying assumptions and statements other than those of historical truth. When the Company uses words such as “could,” “will,” “intended,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or Similar phrases are not only relevant for historical issues, they are making forward-looking statements. Forward-looking statements are not a guarantee of future performance and include risks and uncertainties that could cause actual results to differ materially from the Company’s expectations discussed. in forward-looking reports. These statements are subject to uncertainty and risks including, but not limited to, the following: the Company’s objectives and strategies; future business development of the Company, including the development of the metaverse project; demand and acceptance of products and services; changes in technology; economic conditions; the growth of the international market for education and training services in which CSCW does business; reputation and brand; the impact of competition and prices; Government regulations; fluctuations in general economic and business conditions and underlying assumptions or in connection with any of the foregoing and other risks contained in the reports filed by the Company with the Securities and Exchange Commission and Transactions. For these reasons, among others, investors are cautioned against placing undue reliance on any forward-looking statements contained in this press release. Additional factors are discussed in the Company’s filing with the U.S. Securities and Exchange Commission, available for review at www.sec.gov. The Company is under no obligation to publicly amend these forward-looking statements to reflect events or circumstances arising after the date of this contract unless required by applicable laws, regulations or rules. onion.
SOURCE Color Star Technology Co., Ltd.
