Nextech3D.AI adds BitPay crypto payments for events

Executive Summary

• Nextech3D.AI Corp. has finalized its integration with BitPay, enabling clients to accept payments in over 100 digital assets and stablecoins across its flagship platforms (KraftyLab, Map D, and Eventdex).
• The company completed significant backend infrastructure upgrades, migrating services to AWS containers to improve resource efficiency by up to 80% and ensure high availability for global event scaling.
• Technical enhancements include the implementation of smart contract uniformity and support for both ERC721 and ERC1155 standards, allowing for flexible asset management and cost-efficient contract structures.

Key Details

• Partnership: Finalized integration with BitPay, a global leader in blockchain payment services.
• Payment Capabilities: Enables settlement transactions in over 100 digital assets.
• Infrastructure Migration: Migrated and deployed backend services to AWS containers with a stand-alone database.
• Efficiency Gains: Expected to improve resource efficiency by up to 80% compared with traditional methods.
• Smart Contracts: Integrated smart contract deployment across back-end and front-end systems to ensure a singular, verified contract version for all users.
• Asset Standards: Enabled support for ERC721 (unique collectibles) and ERC1155 (multitier ticket types) standards, allowing organizers to manage diverse assets like VIP and general admission within a single contract.
• Q1 Roadmap Items:
  • Configurable royalty splitting: Finalizing logic to redirect 7% to 10% of resale value back to creators and organizers.
  • Custodial resale: Enabling ticket resale directly from custodial wallets to reduce friction for non-crypto-native corporate users.
• Strategic Goal: Positioning the company as a leader in the global ticketing and experience market, targeting Fortune 500 organizations including Google, Oracle, Microsoft, and Netflix.

Notable Quotes

• "Integrating BitPay is a logical step in our mission to modernize the experience economy... By providing our enterprise clients with versatile, secure payment options and blockchain-backed credentials, we are removing technical barriers to entry." — Evan Gappelberg, CEO
• "Moving our back-end to AWS containers while simultaneously launching BitPay provides the 'easy button' our enterprise clients demand. We are building a robust, high-margin foundation that positions Nextech3D.AI as a leader in the large and growing global ticketing and experience market." — Evan Gappelberg, CEO