KYRO DIGITAL AND VERITONE PARTNER TO LAUNCH NEW BLOCKCHAIN MARKETPLACES FOR ENTERPRISE CLIENTS

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SAN FRANCISCO, Oct. 19, 2022 /PRNewswire/ -- Kyro Digital, a platform for Web3 Builders, today announced a new collaboration with Veritone, Inc., creator of aiWARE, a hyper-expansive enterprise AI platform. The partnership will make a fast, easy and secure experience for Veritone clients, including individual and enterprise rights holders, to use the Kyro Platform, Builder and API to quickly create and deploy powerful new Web3 business applications that accelerate today's blockchain transformation.

The Kyro platform empowers users to build and launch fast, scalable blockchain applications, add distributed utility applications and white-label Web3 marketplaces and storefronts, while managing it all from a unified platform. Veritone customers can leverage Kyro Web3 Services, including the Kyro Crypto Builder, Kyro Apps, Kyro Pay and Kyro Blockchain Services, to provide a full Web3 technology stack to innovate.

Today, as part of the collaboration, Kyro is launching a Marketplace with Olympic athlete Cody Miller at CodyMillerNFT.com. The blockchain-powered marketplace will feature custom NFTs representing Cody's Olympic medals, which come integrated with different tiers of utilities ranging from access to private events, video response tutorials and exclusive access to merchandise.

"We're excited to partner with Veritone and accelerate their customers' monetization goals, as well as create a new generation of Web3 blockchain applications through our robust, enterprise–grade platform and API," said Peter Leeb, co-founder and CRO at Kyro. "As large businesses and brands look to build, grow and scale their operations with new services and experiences, our joint clients will benefit from Kyro's tech infrastructure and our fast, secure building platform enabling crypto solutions for Veritone's advanced enterprise solutions, commercial and monetization business applications."

"This collaboration provides the opportunity for our clients to diversify their revenue streams through the use of NFTs and to achieve a new level of success in their business," said Sean King, senior vice president and general manager, Commercial Enterprise, Veritone. "With the Kyro partnership, our clients around the world can create a single storefront and generate revenue and fan engagement from anywhere."

Kyro Web3 services provide the first full–stack platform, builder and services for blockchain technology infrastructure so enterprise solutions integrators can focus on offering blockchain–enabled business solutions, marketing, monetization, community,  loyalty programs and services.

"Inspired by today's virtual world, I was looking for new ways to connect with my fans," shared Olympic athlete Cody Miller. "NFTs allow us to celebrate and commemorate special experiences and milestones, so I am excited to share my first NFT Collection!"

The Kyro platform will power and host Cody's NFTs and products, each of which comes with its own shared experience, such as live meet & greets and exclusive, personalized coaching videos.

Unifying Applications, NFT Building and Management From a Single Platform
Speed-to-market: Kyro's Integrated Building and App-Enablement Platform accelerates the creation of custom business applications, marketplaces, storefronts, dApps and dSites built on the Kyro platform.              

With Kyro Empower, a Multi-Store Blockchain Marketplace Platform, Veritone is able to easily build white-label marketplaces for their enterprise clients, onboard multiple sellers, IP owners, and creators, build storefronts, domains, customize the experience, provide a unified source of truth, and offer blockchain enabled applications to their clients users.

For more information, please visit www.kyro.co.

About Kyro Digital
Kyro is the first integrated web3 building platform that powers the next generation of multi–store marketplaces, storefronts, distributed apps and sites. Brands, system integrators, enterprise builders, studios and developers use Kyro Web3 Services (KWS) to create, design, deploy and manage blockchain applications. Spun out of Sage Digital, Kyro is led by Samir Arora, who started working on distributed applications at Apple and was the former CEO of NetObjects, which launched the first website builder for Web 1.0.

About Veritone
Veritone (NASDAQ: VERI) is a leader in enterprise artificial intelligence (AI) solutions. Serving organizations in both commercial and regulated sectors, Veritone's software, services, and industry applications simplify data management, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone's hyper-expansive Enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. Through its robust partner ecosystem and professional and managed services, Veritone develops and builds AI solutions that solve the problems of today and tomorrow.

To learn more, visit Veritone.com.

Safe Harbor Statement
This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone's SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Media contact: Mike Paffmann (mikep@virgo-pr.com)

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SOURCE Kyro Digital