NFT Technologies Inc. entered into a non-binding letter of intent to acquire Sherwa Online Services Inc. for CAD 4 million on March 18, 2022. Sherwa will be paid 2 million common shares of NFT Technologies at a deemed price per share of CAD 2. The deal is subject to negotiation and execution of a definitive agreement, due diligence, NFT's board approval and Sherwa's shareholder approval.

NFT Technologies Inc. completed the acquisition of Sherwa Online Services Inc. on June 30, 2022.