Color Star Technology Co., Ltd. announced that on January 30, 2022, the company will launch Color World auto non-fungible token ("NFT") generation system to create an NFT-concept ecosystem. Color World is an entertainment metaverse platform that integrates sectors such as entertainment, social networking, games, interactions with celebrities and many more features. Currently, the Company has developed a brand-new NFT auto-generation system.

Once logged in, all registered users can automatically generate their own NFT products from the songs, dances, musical performances, and other activities done by their avatars in Color World, the copyrights of which will be owned by the users themselves. In addition, users can design their avatars' clothing, cars, housing, and other products, all of which can be self-generated as NFT products, and the users will be the copyright owners. Through this self-service software, Color Star hopes that more users can learn about NFT products and get more copyright revenue while encouraging more original creators to generate their very own NFT products through Color World entertainment metaverse.