CMGE Released Its Annual Performance Report: After Adjustments, Net Profit Turned from Loss to Profit, With Non-Recurring Operating Profit Reaching 107 million Yuan

HONG KONG, Apr 8, 2024 – (ACN Newswire) – On March 27th, the Hong Kong-listed company CMGE (0302.HK) released its 2023 annual performance report. According to the report, CMGE achieved total operating income of 2.6 billion yuan in 2023. After adjustments, the net profit reached 5.379 million yuan, marking an overall turnaround from loss to profit with a year-on-year increase of 103% due to the low base in 2022. After deducting the impact of non-operating income and expenses on profit, the operating profit stood at 107 million yuan.

It is worth noting that on March 28th, CMGE disclosed a share repurchase plan. The board of directors believes that the current trading price does not reflect the intrinsic value and business prospects of the company. They plan to use up to HK$100 million for the repurchase of shares on the open market. The board of directors may also decide to further utilize share repurchase authorization based on market conditions. The repurchase of shares will not exceed 10% of the total number of shares issued as of June 2, 2023, which is 275,267,200 shares, and the shares will be cancelled after repurchase. This move also reflects the confidence of the company’s board of directors and management team in its long-term strategy and development.

According to the financial report, in 2023, CMGE attracted over 92.87 million new registered users, marking a 9.8% increase compared to the same period. Among other key performance indicators, the average monthly active users rose to 17.05 million, a 9.9% year-on-year increase, while the average monthly paying users reached 1.19 million, up by 5.8% year-on-year. The mini-game business generated 600 million yuan in revenue, becoming a new growth point for the company.

In 2023, CMGE successfully obtained licenses for multiple games planned for release, such as “Sword and Fairy: Wen Qing”, “Ultraman: The Gathering”, “Swallowed Star: Dawn” and “Cultivation Fantasy” all of which officially launched in 2023. Concurrently, with the rapid development of AIGC technology, CMGE applied AIGC to its independent research and development as well as publishing processes, achieving cost reduction, efficiency improvement, and game innovation. According to the financial report, players under the age of 18 accounted for less than 0.01% of CMGE’s gaming revenue in 2023.

The Publishing Business Performed Steadily, With Mini-Games Emerging as A New Growth Point

In 2023, CMGE’s publishing business generated revenue of 2.133 billion yuan, with overseas revenue accounting for 10.6%. In teams of games, the role-playing card game “Sword and Fairy: Wen Qing,” co-published by CMGE and Qingci based on CMGE’s proprietary IP, officially launched in June 2023. In its first month of its launch, it ranked first in the Apple App Store’s free games list and 14th in the best-selling games list, earning a recommendation from the Hardcore Alliance Superstar. In December 2023, “Sword and Fairy: Wen Qing” launched in the Hong Kong, Macao, and Taiwan regions, ranking the first in the Apple App Store’s free games list and the best-selling games list in these three areas, with third place in Taiwan’s best-selling games list.

Additionally, the card mobile game “Cultivation Fantasy” developed by Love Games with investment from CMGE, was launched in May 2023. In its first month of its launch, it ranked first on TapTap’s hot list and achieved third place in the Apple App Store’s free games list and 21st place in the best-selling games list.

The jointly distributed game “Soul Land: Shrek Academy” by CMGE and TanWan Games obtained its game license in July 2023. In August 2023, it began pre-registration activities, attracting over 6 million pre-registered players. It was officially launched on January 31, 2024, and in its first month of its launch, it ranked the first in the Apple App Store’s free games list and topped TapTap’s hot list.

While the performance of new games has been outstanding, previously launched games have also provided stable revenue streams for CMGE. CMGE’s self-published games like ” The New Legend of The Condor Heroes: Iron Blood and Loyal Heart”, ” Rakshasa Street: Chosen One” and ” Soul Land: God of Battle Arise”, as well as co-produced games with third parties like ” One Piece: The Voyage ” and ” Dynasty Warriors: Hegemony” along with other games already in operation, continued to contribute revenue and profits to CMGE in 2023.

At the same time, CMGE has been actively expanding its mini-game segment. As of 2023, CMGE has launched multiple mini-games such as “Sword and Fairy: Jiuzhou” and “Fire at Will” bringing in revenue exceeding 600 million yuan. The newly authorized mini-game “Country Love Story” by Ben Shan Media started monetization tests at the end of 2023 to validate its commercial model, with plans for an official launch in the first half of 2024. Mini-games have become an incremental segment in the game industry, with the market showing rapid growth. According to data from Qutoutiao Engine, the overall market size of Chinese mini-games exceeded 40 billion yuan in 2023 and is expected to surpass 60 billion yuan by 2024. With such rapid market growth, the mini-game segment is poised to become a new growth curve for CMGE.

Looking ahead to 2024, CMGE’s publishing business still holds many highlights. Multiple heavyweight IP games like “Soul Land: Reversed Spacetime”, “Fight Break Spheres”, “Naruto: Konoha Master”, “New Romance of the Three Kingdoms – The Legend of Cao Cao ” and “Daily Life of Chat Group” are planned for market launch in 2024, with many of them already completing testing and opening pre-registration.

Additionally, CMGE will continue to aggressively promote the mobile game “Sword and Fairy: Wen Qing” in the Hong Kong, Macao, and Taiwan regions, and plans to sequentially launch games like “Soul Land: Shrek Academy”, “Fight Break Spheres”, “Soul Land: Reversed Spacetime” and “Code: FA” in these regions. Furthermore, CMGE will introduce the mobile game “New Romance of the Three Kingdoms – The Legend of Cao Cao” in the Japanese market to boost gaming revenue in overseas regions.

Moreover, CMGE anticipates launching over 10 mini-game products in 2024, including “Country Love Story”, “Sword and Fairy: Wen Qing” and “Naruto: Konoha Master” These games have all obtained licenses and are expected to generate substantial publishing revenue for CMGE.

Self-Developed Business Steadily Progresses; Open-World Game “Sword and Fairy World” Has Achieved 4 million Pre-Registrations and Will Commence Commercial Testing.

In 2023, CMGE’s R&D revenue reached 215 million yuan, with R&D investment totaling 370 million yuan. During the reporting period, CMGE applied AIGC technology to aspects like artistic production and copywriting in games, reducing game development costs and improving development efficiency.

In terms of self-developed games, CMGE’s wholly-owned subsidiary Wenmai Interactive independently developed the Three Kingdoms-themed strategy mobile game “World of Castellan” exclusively distributed in the domestic market by 37 Interactive. It officially launched in November 2023 and received a recommendation from the Hardcore Alliance Superstar in its first month of its launch.

It is understood that “World of Castellan” is the first Three Kingdoms-themed strategy game launched by CMGE. With CMGE’s and 37 Interactive’s experience in promotion and publishing, CMGE is expected to enter the Three Kingdoms-themed strategy game arena and secure a position through “World of Castellan” In 2024, CMGE will continue to develop and launch its second Three Kingdoms-themed strategy game, “Code: Lord” with the aim of gaining more market share in the Three Kingdoms-themed strategy game category.

In terms of esports games, CMGE’s holding subsidiary Shanghai Zhoujing has developed the sports competitive PC game “Hoop Cityï¼š3V3”, which obtained its license in May 2023 and commenced monetization tests on December 29, 2023. It is scheduled to be launched officially in the summer of 2024.

Before 2023, CMGE’s self-developed games such as “The World of Legend – Thunder Empire”, “Legend of Dragon City”, chess and card games, PC games, and cloud games have been continuously updated and iterated, contributing steady revenue to the company.

In terms of heavyweight self-developed games, the open-world game “Sword and Fairy World” based on the Sword and Fairy IP obtained mobile and PC dual-platform licenses in June 2023. “Sword and Fairy World” has started pre-registration activities, with pre-registration numbers exceeding 4 million, and underwent two rounds of testing in 2023. Monetization Tests to verify the commercial viability of the product before launch are also set to begin soon, with plans for the game to officially launch within 2024.

According to the information, “Sword and Fairy World” incorporates a substantial amount of storyline content such as mainline plots, character-specific storylines, and side quests to explore humanistic themes with players. Additionally, players can explore multiple spaces freely, experiencing the joy of surprise and exploration.

In addition to the rich storyline, “Sword and Fairy World” integrates deeply with AI. Non-player characters (NPCs) in “Sword and Fairy World” will behave and converse according to the natural environment, enhancing the realism of the virtual world. Players can also utilize AI features such as AI character customization, AI voice, AI motion generation, and AI+UGC (User-Generated Content) to enrich personalized expression, improve player interaction experience, and stimulate creativity within the virtual world.

The IP licensing business is experiencing further growth, with the value ecosystem of the Legend of Sword and Fairy IP continuing to expand.

In 2023, CMGE’s IP licensing business achieved revenue of 257 million yuan, representing a 75% growth compared to 2022.

CMGE has deeply expanded its collaboration along the entire industry chain of the “Legend of Sword and Fairy” IP, covering areas such as games, film and television, animation, content literature, music, derivatives, and location-based entertainment. CMGE has partnered with top-tier collaborators in related fields to jointly create the Legend of Sword and Fairy IP universe.

Regarding IP industry chain collaborations, CMGE successfully launched the story card mobile game “Sword and Fairy: Wen Qing” in 2023, achieving excellent results. The idle RPG game “Legend of Sword and Fairy: new start” developed in collaboration with Kaiying Network, was launched in 2023 and ranked fifth on the WeChat mini-games chart. The first fan community based on the “Legend of Sword and Fairy” IP, called ” Sword and Fairy Alliance” was opened for user registration in 2023.

In the film and television sector, CMGE has collaborated with iQiyi and others to produce “Legend of Sword and Fairy 4”, which was officially released on the iQiyi platform in January 2024. Additionally, “Legend of Sword and Fairy 6” produced by Shandong Film and Television, was also released on Tencent Video in January 2024. The television series “Legend of Sword and Fairy 1” produced in collaboration with Penguin Pictures, was completed filming in 2022 and is expected to be released in 2024.

In the animation field, CMGE has entered into a strategic partnership with Penguin Pictures to co-produce animated series for “Legend of Sword and Fairy 1” and “Legend of Sword and Fairy 3”. The trailer for “Legend of Sword and Fairy 3” was released in 2023, with plans for the full animated series to be released in 2024.

In addition to film and animation, CMGE continues to develop merchandise based on the Legend of Sword and Fairy IP. For instance, in the trendy collectibles field, CMGE collaborated with Pop Mart. Following the release of the first blind box series “Legend of Sword and Fairy Chinese Traditional Festival Series Figures” in 2022, CMGE launched the second blind box series “Legend of Sword and Fairy Chinese Traditional Musical Instrument Series Figures” for global sale in 2023.

Furthermore, CMGE collaborated with renowned partners such as LiangXiaoSuMei, Kaitian Studio under Shanghai Qikun Network Technology Co., Ltd., and Bandai Namco Entertainment (Shanghai) Co., Ltd., to release merchandise such as Han Lingsha figures, Yue Qingshu statues, and Jiu Jianxian figures in 2023. Additionally, in November 2023, CMGE partnered with Qishu Youyu, HippoJoy, and INTINY to officially launch the production of interactive image works based on the “Legend of Sword and Fairy” IP.

Additionally, CMGE has planned and is preparing to launch the Legend of Sword and Fairy Location-Based Entertainment project, which is currently in the final stages of pre-operation. It is expected to commence trial operations in four provinces and municipalities, including Shanghai, Hangzhou, Anhui, and Chongqing, within 2024. By bringing the Legend of Sword and Fairy game into real-life settings, the project aims to combine online marketing activities of the “Legend of Sword and Fairy” IP with offline activities, providing fans with a more immersive and interactive offline experience.

Looking towards the future, in line with the trend of cross-industry collaboration between game IPs and film, animation, and other industries, the Legend of Sword and Fairy IP will continue to release a wealth of high-quality content. CMGE’s establishment of an IP game ecosystem and the layout of the Legend of Sword and Fairy IP universe based on the “Legend of Sword and Fairy” IP will continue to expand the ecological value of the IP, potentially driving further growth in CMGE’s own value and ensuring sustained development.

For further information, please contact:

PEANUT MEDIA LIMITED

Direct Line: +86-755-61619798 x8210

Email: hswh.project@czgmcn.com

Happy Bermuda Shorts Day, Web 3 Style!

NEW YORK, Apr 3, 2024 – (ACN Newswire) – Back in 1960 when Alan Arthur penned “April 1st Bermuda Shorts Day” on a campus announcement board, he started a new tradition. This simple act ignited a tradition, marking the final day of the winter semester with a festive celebration. Over time, it evolved into a cherished annual event, bringing the campus community together in joyous camaraderie.

But what about all the others who cannot join the party on the campus?

A fun project was sparked with this comment to take BSD into Web3 as NFTs! Introducing BSD.NFTs: The First 404 Meme/NFT Hybrid on BASE Chain with Impact. Spearheaded by NFTPunks, BSD.NFTs is set to redefine the world of NFTs with Impact, making waves both in the blockchain community and on the beach.

Join us in celebrating the inaugural Web3 Bermuda Shorts Day, where you can mint your very own BSD NFT and be a part of something truly impactful. Together, let’s shape the future of NFTs and make a difference in the world. Visit https://bsdnfts.com/ to learn more and get involved.

What sets BSD.NFTs apart is its commitment to driving positive change. By collaborating with nonprofits and leveraging the power of Web3 technology, BSD.NFTs is forging a connection between digital assets and real-world impact. Each limited edition Bermuda Shorts NFT represents more than just a piece of generative digital art —- it signifies a contribution to meaningful causes.

Now, to the good part, we are planning to celebrate the next BSD on the beach with a massive beach party (two dudes and a drink!). How massive will it be? Well, that’s up to you, all we know is that you will need your BSD NFT to party with us in the VIP section (leftover Pizza) is reserved for those who mint the full 20 NFT set.

Catch us at the upcoming NYC conference, where he will be sharing insights into the creation of NFTs with profound impact. https://whenworldscollide.io/

This visionary approach is poised to reshape the landscape of digital ownership and philanthropy. Learn more about Bermuda Shorts NFTs at https://bsdnfts.com/

Source: Plato Data Intelligence

About PlatoAi

PlatoAi is at the forefront of machine learning and AI technology, creating innovative solutions that transform how businesses engage with their audience. They specialize in advanced learning algorithms and AI-driven products. To learn more about Plato.ai visit https://PlatoAistream.com.

Contact:
Bryan Feinberg, CEO
Zephyr@Platodata.io

Animoca Brands and Blockpass forge strategic partnership for a secure and regulatory compliant Web3

HONG KONG, Mar 15, 2024 – (ACN Newswire) – Blockpass, the leading provider of compliant identity verification solutions for the Web3 space, and Animoca Brands, the company advancing digital property rights for gaming and the open metaverse and a long-standing Blockpass customer, today announced a strategic partnership to build a safer and more compliant Web3 environment.

This collaboration will leverage Blockpass’ industry-leading KYC/AML SaaS to provide Animoca Brands and select portfolio companies with seamless and cost-effective solutions for user verification. This will ensure stronger regulatory compliance while fostering a safer, user-friendly experience within the burgeoning Web3 and metaverse landscapes.

Through this strategic partnership, Blockpass and Animoca Brands aim to:

– Enhance user safety and security:
— In an era of AI deepfakes and rampant identity fraud, Blockpass’s identity verification solutions play a crucial role in mitigating fraud risks and safeguarding users within the Animoca Brands ecosystem.

– Achieve compliance amid growing crypto regulations:
— In the evolving landscape of crypto regulations, adhering to KYC and AML requirements is essential. Animoca Brands and its participating portfolio companies will be able to operate with greater confidence knowing they are in compliance.

– Streamline user onboarding with reusable identity:
— Blockpass offers a user-friendly verification process that ensures smooth and efficient onboarding. Users can create, store, and manage a secure digital identity, simplifying access to Web3 services and other sectors that are subject to regulation.

Blockpass, renowned as “Web3’s OG identity verifier,” has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.

Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 400 investments in Web3 projects, and with the mission to advance digital property rights and contribute to building the open metaverse. The company and its various subsidiaries develop and publish blockchain games, traditional games, and other products, many of which are based on popular global brands including The Walking Dead, Power Rangers, MotoGP™, and Formula E.

Yat Siu, co-founder and executive chairman of Animoca Brands, said: “One of Animoca Brands’ core philosophies has always been to support and empower mission-aligned builders who believe in the vision of Web3 and the open metaverse to usher in digital property rights for all. We work with Blockpass not only for the breadth of its offerings, but also because Adam and his colleagues are highly committed to the vision of data sovereignty and true digital ownership. This strategic partnership will enable Blockpass to tap into the potential of Animoca Brands’ ecosystem while enhancing our user verification process.”

“Animoca Brands has been an important customer of Blockpass since 2021 and we’re excited to further our relationship,” said Adam Vaziri, CEO of Blockpass. “This collaboration marks a significant step forward in establishing trust and regulatory compliance in the metaverse. By working together, we can create a safer and more accessible Web3 experience for everyone.”

This partnership marks a significant milestone in the evolution of Web3 and the open metaverse. By prioritizing user safety, regulatory compliance, and user experience, Blockpass and Animoca Brands are paving the way for a more secure and inclusive future for the decentralized world.

About Blockpass

Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC Bot(TM) for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYC(TM) to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.

Learn more and engage the Blockpass team via the following:
Website: https://www.blockpass.org
Email: sales@blockpass.org

About Animoca Brands

Animoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, Be., PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.

Contact: press@animocabrands.com

GDA Capital Acquires Omni3, Expands into Singapore with New Gaming Lead

SINGAPORE, Mar 13, 2024 – (ACN Newswire) – GDA Capital, a global leader in digital asset and blockchain technology investments and capital markets advisory, is excited to announce the acquisition of Omni3, a digital asset and disruptive technology advisory firm based in Singapore. This strategic move marks a significant milestone for GDA Capital as it extends its global footprint into the vibrant Asian market, with a dedicated commitment to establishing a full-time presence in Singapore.

Nicholas Seah, the esteemed founder of Omni3, will be joining the GDA Capital team as the Gaming Lead, bringing a wealth of experience and expertise to the table. Nicholas’s impressive track record includes a notable tenure at Temasek, the Singaporean sovereign fund with $400B+ in AUM, and Blockchain Founders Fund, a leading venture capital firm in the blockchain space. His deep understanding of the Asian markets and extensive network will be instrumental in steering GDA Capital’s strategic direction and growth in the region.

The acquisition of Omni3 underscores GDA Capital’s commitment to investing in high-potential markets and sectors, particularly in the gaming and blockchain industries. Nicholas Seah’s leadership role as the Gaming Lead highlights the company’s focus on innovative technologies and its ambition to become a dominant player in the digital asset space globally.

“We are thrilled to welcome Nicholas and the Omni3 team to GDA Capital. This acquisition is a pivotal step towards our expansion in Asia and strengthens our capabilities in the capital markets advisory domain,” said Michael Gord, CEO of GDA Capital. “Nicholas’s extensive experience and remarkable track record in both the financial and blockchain sectors will be invaluable as we embark on this exciting new chapter in Singapore.”

As part of the acquisition, GDA Capital is making a significant investment in establishing a robust full-time presence in Singapore, emphasizing its commitment to becoming a key player in the region’s thriving digital economy. The new office in Singapore will serve as a central hub for GDA Capital’s operations in Asia, focusing on capital markets advisory, blockchain technology, and the burgeoning gaming sector under Nicholas’s leadership.

Nicholas commented, “Joining GDA Capital is a remarkable opportunity to contribute to the company’s growth and to drive the blockchain and gaming industries forward in Asia and beyond. I am excited to lead our expansion in Singapore, leveraging my experience and network to build a strong foundation for GDA Capital in this dynamic market.”

The acquisition of Omni3 and the establishment of a Singapore office are just the beginning of GDA Capital’s ambitious plans for the region. With a strategic focus on innovation, technology, and market expansion, GDA Capital is well-positioned to capitalize on the rapidly growing demand for digital asset and blockchain solutions in Asia and around the world.

About GDA Capital

GDA Capital is a leading global digital asset and blockchain technology investment firm. With a diverse portfolio of investments across various sectors, GDA Capital is committed to driving innovation and providing strategic advisory services to businesses worldwide.

About Omni3

Omni3 is a capital markets advisory firm based in Singapore, specializing in providing strategic guidance and solutions to businesses in the digital asset and blockchain sectors. Founded by Nicholas Seah, the firm has established itself as a trusted advisor in the Asian market.

For media inquiries, please contact:
Zephyr@platodata.io

Moxy.io Announces Strategic Investment from GDA Capital; Michael Gord to Lead Web3 Initiatives

SEATTLE, WA, Mar 7, 2024 – (ACN Newswire) – Moxy.io, a blockchain powered tournament platform and infrastructure provider in the competitive gaming and web3 space, has officially announced a strategic investment from GDA Capital, a leading global digital asset and blockchain investment and capital markets advisory firm. This investment marks a significant milestone for Moxy, as Michael Gord, Founder and CEO of GDA Capital, will also be joining their team as the Head of Web3.

Michael Gord’s appointment is a testament to the depth of GDA Capital’s involvement in Moxy’s future. Gord, a seasoned web3 entrepreneur and investor in the blockchain community, brings a wealth of experience and a vast network of international industry connections to Moxy. His leadership is expected to drive Moxy’s Web3 initiatives, positioning the platform at the forefront of blockchain innovation and adoption.

This collaboration between GDA Capital and Moxy is built on a shared vision of accelerating the development and adoption of blockchain technologies in the competitive gaming industry, through the use of Moxy’s technology infrastructure. By leveraging GDA Capital’s extensive expertise in digital assets and capital markets, along with Moxy’s innovative and scalable solutions for reward based competitive gaming, this partnership is set to deliver groundbreaking advancements to the gaming and web3 industries.

“We are thrilled to partner with Moxy and welcome Michael Gord to the team. His expertise in blockchain technology and his visionary leadership are invaluable assets that will undoubtedly propel our Web3 initiatives to new heights,” said Matt DeFouw, CEO/Founder of Moxy.

“I am honored to join Moxy as the Head of Web3, in addition to making a strategic investment from GDA Capital. This role not only aligns with my passion for blockchain technology but also offers an unparalleled opportunity to drive the evolution of gaming, an industry ripe for disruption and that is a primary catalyst accelerating the mainstream adoption of digital assets by the masses. Together, we’re poised to unlock new possibilities in competitive gaming, setting new benchmarks for innovation and adoption across the industry,” said Michael Gord.

About GDA Capital

GDA Capital is a leading global investment firm focused on digital assets and blockchain technology. With a diverse portfolio of investments and a strong track record of success, we provide capital markets advisory services, capital formation, asset management and global go to market solutions to clients worldwide. Our team is comprised of seasoned professionals with deep expertise in finance, technology, growth strategies and blockchain innovation. For more information, visit https://gda.capital.

About Moxy

Moxy is a pioneering video game tournament platform at the intersection of competitive gaming and web3 blockchain technology. Moxy offers a competitive and rewarding gaming environment, featuring tournaments powered by the $MOXY token, providing both traditional and blockchain gamers with a unique, web3 esport experience and real reward ecosystem. With a commitment to expanding the gaming ecosystem, $MOXY token ecosystem, and bringing tangible $MOXY rewards to skilled game players, Moxy is redefining competitive gaming for the quickly growing web3 industry. For more information about Moxy and its initiatives, visit https://moxy.io.

For more information, please contact:
Plato Data Intelligence
144 E44th St
New York NY 10017
PlatoAiStream.com
Zephyr@platodata.io

PairedWorld Foundation Unveils Innovative Solution to Digital Addiction and Loneliness during World Economic Forum and Announces Key Additions to Its Board and Strategic Partnerships

DAVOS, SWITZERLAND, Jan 29, 2024 – (ACN Newswire) – As the World Economic Forum Annual Meeting 2024 has come to an end, a critical theme has resonated throughout the discussions: the deep and complex relationship between technology and modern society. Key topics, such as the escalating issues of digital addiction, loneliness, and isolation, sparked intense debates. Initiatives like Human Change, along with dialogues among the world’s tech leaders about technology’s potential to enhance humanity, have set the stage. Leading this charge, the PairedWorld Foundation unveiled its innovative approach, marking a significant milestone in harnessing emerging technology to foster genuine human connection and combat societal challenges.

Tackling Modern-Day Challenges with Innovative Technology

PairedWorld Foundation is a global alliance of top experts and academics in neuroscience, psychology, blockchain, and behavioural economics, along with prominent figures from both Web2 and Web3 communities worldwide.

PairedWorld marks the next chapter in SocialFi and DeSoc, bridging blockchain technology with real-world interactions to elevate the Web3 landscape.

At the heart of this movement is the world’s first In-Real-Life Human Connection Protocol’ – a pioneering technology that authenticates and rewards genuine, real-world engagement.

“We are committed to creating a world where technology enhances our collective well-being,” said Raluca Cherciu, Board President of the PairedWorld Foundation. “Though the digital revolution has ushered in an era of unparalleled global accessibility and knowledge exchange, it’s an ironic twist of fate that it has also contributed to heightened feelings of isolation among individuals. This paradox is what we aim to address at PairedWorld”.

Introducing w3meet: The Future of Social Interactions

After launching the world’s first In-Real-Life Human Connection Protocol, PairedWorld is unveiling its inaugural application, w3meet – a pioneering mobile dApp that sets a new standard in the industry. The dApp is the first of its kind to reward real-world connections with $PAIRED, the ecosystem’s token. w3meet offers a suite of features for users to initiate and fund gatherings, participate in curated events of all types, and engage in meaningful conversations with like-minded individuals. Currently available only for iOS, w3meet is poised to transform how we forge and nurture relationships in all stages of life. Download w3meet today and step into the future of social connectivity by joining the waitlist or securing a referral link from a current user. w3meet opens the door to a world of meaningful interactions, seamlessly blending technology with genuine human connection.

Distinguished Board Appointments and Strategic Partnerships

The PairedWorld Foundation proudly welcomes Prof. Dr. Gerhard Schwabe, the Co-Founder of the Blockchain Center at the University of Zurich, as a new member of its Board. Dr. Schwabe brings an unparalleled level of expertise in blockchain technology and governance, and his academic insights will be invaluable in guiding the Foundation’s direction.

Joining Dr. Schwabe on the Board is Mr. Ralf Glabischnig, a renowned serial entrepreneur and investor. He is recognised for his instrumental role in developing a global blockchain ecosystem, particularly focusing on the famous ‘Crypto Valley’ in Switzerland and Liechtenstein, as well as the ‘Crypto Oasis’ in the Middle East. He is also a founding member of the Crypto Valley Association and the Swiss Blockchain Federation.

In another exciting development, Inacta Ventures has come on board as a strategic partner, a move that is set to significantly boost the Foundation’s global outreach and enhance its strategic planning capabilities.

The Foundation has also announced its partnership with The Digital Commonwealth, a multifaceted platform that integrates news, media, education, events, and venture capital, with Founder & CEO James Bowater also joining PairedWorld advisory board. This collaboration brings together a diverse community from various digital sectors, including AI, Blockchain, Crypto Assets, Digital Assets, Tokenisation, and Web3, enriching the Foundation’s network and resources.

About Pairedworld

The PairedWorld Foundation is a collaborative initiative among leading experts and academics in the fields of Blockchain, Psychology, Neuroscience, Behavioral Economics, and Governance. Committed to creating a world where technology enhances our collective well-being, the Foundation introduces the world’s first Proof of IRL Human Connection Protocol. Aiming to leverage Blockchain as a catalyst for positive social change, the PairedWorld Foundation seeks to enrich the lives of individuals and global communities alike.Learn more at www.paired.world or follow us on Twitter @PairedWorld.

About Inacta Ventures

As a network enabler and execution company, Inacta Ventures is dedicated to connecting startups and corporations in the WEB3 space. With a strong and proven network of partners and advisors, Inacta Ventures offers a comprehensive range of services to help clients navigate the complex world of Blockchain and WEB3. Services include advisory, venture building, smart capital and community building and turning WEB3 ideas into reality.

About The Digital Commonwealth

The Digital Commonwealth is a community centric hybrid news, media, education, events and venture capital platform.

Its community is drawn from the wider digital industries including Ai, Blockchain, Crypto Assets, Digital Assets, Fintech, Frontier Technologies, Metaverse, Quantum, Real World Assets, Tokenisation and Web3. Its community is drawn from the wider digital industries including Ai, Blockchain, Crypto Assets, Digital Assets, Fintech, Frontier Technologies, Metaverse, Quantum, Real World Assets, Tokenisation and Web3.

Media Relations
press@paired.world

Crypto Oasis, Crypto Valley, the DLT Science Foundation and Inacta Ventures Join Forces in a Groundbreaking Initiative

DAVOS, SWITZERLAND, Jan 23, 2024 – (ACN Newswire) – Crypto Oasis, Crypto Valley, the DLT Science Foundation and Inacta Ventures Join Forces in a Groundbreaking Initiative.Crypto Oasis, Crypto Valley, the DLT Science Foundation, and Inacta Ventures united to unveil the Global Protocol Report at The Hub of Casper Labs in Davos on the 17th of January 2024. It is an exhaustive examination of DLT (Distributed Ledger Technology) protocols that intends to empower decision-makers and policymakers with invaluable insights and data points, enabling them to plot their course in the burgeoning WEB3 space confidently.

Highlights:

The report has unprecedented transparency and clarity, granular insights, and an evolving analysis of DLT protocol attributes. It will help industry experts and novices gain foundational knowledge on DLT concepts, WEB3 ecosystem infrastructure, the evolution of the Blockchain landscape, and the role of capital, talent, infrastructure, and regulations in WEB3 innovation.

The Global Protocol Report introduces a comprehensive framework for assessing the maturity of DLT protocols, facilitating informed decision-making with concise protocol fact sheets. The report also reveals Switzerland’s dominance with 68.58% of the share of market cap of top protocols per country, followed by Singapore at 13.93%. The Global Protocol Report boasts some illustrious partners such as Coindesk Indices, Dialectic, DFINITY, Hedera, and Sui.

Unveiling the Inaugural Global Protocol Report

A Comprehensive Analysis of Blockchain Protocols

The report’s primary objective is to offer a nuanced understanding of prominent DLT protocols, exploring their strengths, weaknesses, and unique value propositions. The report has unparalleled depth and will delve into the foundational concepts of Distributed Ledger Technology. The subsequent sections delve into critical components of successful innovation, including the role of capital, infrastructure, and talent in advancing DLT protocols.

The report also addresses the intricate landscape of valuations and funding in the Blockchain sphere, focusing on critical aspects, including market cap distributions, revealing Switzerland’s dominance with 68.58% of the share of the market cap of top protocols per country, followed by Singapore at 13.93%. In terms of numbers, 20 of the leading DLT protocols are based out of Switzerland, just one short of the 21 based out of the USA. Switzerland’s leadership in the Crypto landscape is grounded in its renowned financial industry, known for security, neutrality, and privacy. This magnetism for digital asset holders has redefined the country as a centre for Crypto finance and decentralized technologies.

Ralf Glabischnig, Co-Founder of Crypto Oasis, highlighted the regulatory challenges in the Blockchain landscape, noting the significant variations globally. He emphasised Switzerland’s stability and leadership in the Blockchain domain, stating, “In the report we have explored the jurisdictions shaping the WEB3 landscape, analysing regulatory frameworks, infrastructure elements, and other factors influencing their favorability. It’s challenging how regulations can vary so greatly depending on where you are in the world, involving different regions, legal jurisdictions, and governing bodies. Switzerland, being a prominent player in Blockchain, stands as a pillar of stability and one of the most popular jurisdictions for DLT protocols. The Global Protocol Report also details valuation models and funding mechanisms so stakeholders can make informed choices and contribute to a thriving ecosystem.”

Glabischnig acknowledged that the European Union’s introduction of the Markets in Crypto-Assets Regulation (MiCA) is a notable step towards creating a cohesive framework, potentially serving as a blueprint globally. Such a regulatory landscape underscores the importance of understanding and navigating diverse legal frameworks, making the Global Protocol Report an invaluable resource.

The report delves beyond the Blockchain trilemma, i.e., the scalability, security, and decentralization trade-offs, shedding light on the emergence of side chains and second-layer solutions. This exploration unlocks new avenues for optimizing performance and maximizing user experience.

The Global Protocol Report marks a significant milestone in Blockchain research because it provides a comprehensive assessment framework for assessing the maturity of DLT protocols. This framework will allow readers to gauge the strengths and weaknesses of each of the selected protocols, facilitating comparison and identification of potential areas for improvement.

Commenting on the protocol maturity framework, Daniel Rutishauser, Partner, Head WEB3 Venture Building, Inacta Ventures said, “In our daily work, we are using our assessment framework to select the protocol that best fits the requirements for a WEB3 solution. In this report, for the first time, we give some insights into it as guidance for others to successfully build WEB3 solutions. The Global Protocol Report is a game-changer for understanding DLTs. This is a data-driven roadmap with a clear framework for assessing protocol maturity that will empower decision-makers and policymakers in the intricate world of Blockchain technology. By shedding light on the technical complexities and financial dynamics of DLT protocols, the report paves the way for a more informed and responsible WEB3 future.”

Each of the selected Blockchain protocols has been researched and graded on various attributes, including governance, performance efficiency, reliability, security, maintainability, usability, and adoption. The fact sheets for each protocol in the second part of the report include facts and figures such as the consensus mechanisms, transaction speeds, Tokenomics, etc.

“The Global Protocol Report is a critical resource to understand the Blockchain landscape, offering a unique lens on the evolution of DLT protocols. It not only tracks the advancements in Blockchain technology but also provides a framework for assessing protocol maturity. Our collaboration in this report underlines the DLT Science Foundation’s dedication to fostering informed decision-making in the Blockchain arena, especially as we navigate the complexities of scalability, security, and decentralisation. This report is an essential guide for anyone committed to understanding and shaping the future of WEB3.” said Paolo Tasca, Co-Founder and Chairman of the DLT Science Foundation.

A unique aspect of the Global Protocol Report is its commitment to being an evolving and dynamic resource. Regular updates will incorporate new trends and developments, allowing for a time series analysis and showcasing major shifts in the protocol landscape over time. This ensures users have access to a resource that remains current, providing a valuable lens for assessing the evolving maturity and potential of individual protocols.

“We are excited to be included in the first edition of the Global Protocol Report, providing digital asset market intelligence through meticulously crafted research”, said Alan Campbell, President of CoinDesk Indices. “As a firm dedicated to rigorous research and thoughtfully constructed indices, we are pleased to partner with Crypto Oasis and Inacta Ventures as they further the global Crypto economy through education.”

The Global Protocol Report stands as a beacon of clarity in the ever-shifting landscape of WEB3. This essential resource promises to fuel the development of a more robust and thriving DLT ecosystem. The Global Protocol Report is an invitation to explore, understand, and shape a future powered by distributed ledger technology.

Download the Global Protocol Report today and embark on your own journey of discovery within the ever-evolving Blockchain landscape.You can download the report at https://cryptooasis.ae/globalprotocolreport2024/

About Crypto Oasis

The Crypto Oasis is a Middle East-focused Blockchain ecosystem supported by initiators of the Crypto Valley Switzerland. The core elements needed for its development are Talent, Capital, and Infrastructure. The Ecosystem’s stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Education & Research Institutions, Service Providers, and Government Entities & Associations. Crypto Oasis is the leading Blockchain ecosystem in the world. Today it is the fastest growing, with more than 1,800 organisations in the UAE alone. www.Cryptooasis.ae

About Crypto Valley

The Crypto Valley Association is a Swiss-based independent with the mission of building the world’s leading Blockchain and Cryptographic technologies ecosystem. The CVA is powered by its eleven Working Groups and by its driven members. The main purpose of the Association is fostering collaboration, driving adoption of digital assets and connecting startups, established enterprises through networking, research, policy recommendations, and its yearly flagship conference – the Crypto Valley Conference.Learn more through https://members.Cryptovalley.swiss/

About Distributed Ledger Technology Science Foundation

DLT Science Foundation is an international nonprofit organisation committed to help create a more equitable society — one that fully utilises DLT, Blockchain and related WEB3 technologies by fostering an open, sustainable innovation ecosystem of leaders, science fellows and developers.

About Inacta Ventures

As a network enabler and execution company, we are dedicated to connecting startups and corporates in the WEB3 space. With a strong and proven network of partners and advisors, we offer a comprehensive range of services to help our clients navigate the complex world of Blockchain and WEB3. Our services include advisory, venture building, smart capital and community building. With our ecosystem, we offer a range of high-quality services to help our clients achieve their goals and succeed in the WEB3 space. Let us help you turn your WEB3 idea into reality.https://inacta-ventures.com/

About CoinDesk Indices

CoinDesk Indices (CDI), a subsidiary of CoinDesk, has been the leading provider of digital asset indices by AUM since 2014. CDI is driven by research and a desire to educate the marketplace and empower investors. CoinDesk is the most trusted media, events, indices and data company for the global Crypto economy.

For more information contact:
Faisal Zaidi
Crypto Oasis
faisal@Cryptooasis.ae
+971 55 200 0840

Visit us on social media:
Twitter
LinkedIn
YouTube
Other

Skale and Cryptopia Collaborates

Tortola, British Virgin Islands, Nov 21, 2023 – (ACN Newswire) – With great excitement, we are pleased to announce our partnership with Skale, a zero-gas fee EVM blockchain. As a pioneering free-to-play-and-earn game that embodies the spirit of a new era in gaming, this alliance is set to transform the gaming landscape by empowering players to combine fun and earning opportunities without the constraints of excessive fees or financial barriers.

We are living in exciting times. Gradually, we are entering an era where games are not only for fun but also offer a seamless play-to-earn model. This era is set to change how we think about blockchain games.

Why is this important?

Like every other industry, the P2E (play-to-earn) gaming world is undergoing a remarkable transformation. We’re witnessing the rise of an era where on-chain gaming isn’t just a form of entertainment, but also a source of income, without causing stress to players.

In this ever-evolving landscape, Cryptopia doesn’t just emerge as a game, but as a pioneer of this new free-to-play-and-earn era. It represents a gateway that allows players to dive into a world where enjoyment and earning are not just parallel but intertwined paths.

However, realizing the vision of a game that’s both free to play and rewarding to engage with presents its unique challenges. The most significant of these is cost – the hidden fees and expenses that often limit a player’s earnings and enthusiasm. This is where Skale becomes not just relevant, but revolutionary.

How does Skale come in?

By integrating Skale’s zero gas fee EVM technology, we’re dismantling the financial barriers that will hinder the full potential of Cryptopia’s play-to-earn model.This technology is a literal game-changer. It paves the way for a gaming experience where the focus shifts back to what’s important: the joy of playing and the thrill of earning. We’ve made free-to-play-and-earn easy!

This partnership with Skale is more than just about technology integration; it’s a bold statement. It declares that Skale is out to reshape the gaming experience, to make it more inclusive, more rewarding, and more thrilling than ever before. It’s our commitment to the players – to provide a platform where their passion for gaming aligns with tangible rewards, without the burden of hidden costs. We envision a future where the boundaries between playing for fun and playing for profit blur, creating a compelling and empowering gaming experience.

What this means to Cryptopia

Skale’s innovative Layer-2 scaling solution will bring a multitude of benefits to Cryptopia, enabling it to fully realize its potential as a leading P2E game:

Reduced Transaction Costs: Skale’s zero gas fee EVM blockchain significantly reduces transaction costs. For a free-to-play-and-earn game like Cryptopia, this is crucial, as it makes the game more accessible and appealing to a broader audience by removing financial barriers.
Multichain Expansion and Interoperability: By integrating with Skale, Cryptopia advances towards its goal of becoming a multichain platform. This not only enhances the game’s interoperability across various blockchain networks but will also broaden Cryptopia’s appeal to a larger audience.
Enhanced Scalability: Skale’s highly scalable network is designed to handle a large volume of transactions and user interactions, ensuring that Cryptopia can grow without facing performance bottlenecks. This will provide a smooth and uninterrupted gaming experience for all players, even as the game’s popularity expands.
Increased Security and Reliability: By leveraging Skale’s secure and decentralized infrastructure, Cryptopia can provide a safe and reliable gaming environment for its users. This is crucial for building trust, especially when in-game assets and player progress are involved. Skale’s robust security measures will protect players’ assets and ensure the integrity of the game’s ecosystem.

About Cryptopia (https://cryptopia.com/)

Cryptopia is an innovative blockchain-based game that blends play-to-earn and free-to-play elements in a unique setting. It offers a virtual city-state experience where players can engage in activities like trading, voting, and exploring, all within a decentralized and secure environment. The game emphasizes fun, inclusivity, and sustainability, allowing players to embark on adventures or build businesses in a dynamic virtual world.

As Cryptopia shapes its unique gameverse, we invite you to be part of this exciting journey. Get exclusive early access, stay updated with the latest developments, and have a chance to influence the future of gaming. Don’t miss out on this opportunity to explore, create, and grow in a ground-breaking virtual world.

Cryptopia Website
Cryptopia Twitter
Cryptopia Discord

About Skale (https://skale.space/)

Skale is an innovative blockchain network designed to enhance the scalability and efficiency of Ethereum-compatible applications. It is unique for its ability to support an unlimited number of high-speed, on-demand blockchains with zero gas fees for end users. Skale’s architecture enables developers to quickly deploy their own interoperable Ethereum Virtual Machine (EVM) blockchains, offering a powerful combination of speed, security, and decentralization. This makes it an ideal platform for developing and scaling decentralized applications in various sectors including gaming.

Skale Website
Skale Twitter

Media Contact
Cryptopia / Sangho Grolleman (CEO)
Connect Here
Tortola, British Virgin Islands

GamesCoin Token Generation Event Marks a Milestone in the Evolution of Gaming

DUBAI, Nov 16, 2023 – (ACN Newswire) – The long awaited moment has arrived. During the Token Generation Event, YOURE will take the next big step in its journey. This event not only marks the official birth of the ultimate GamesCoin, but is also the moment when the gateway to the world’s largest economy will open: the gaming industries.

GamesCoin, originally envisioned as an ecosystem for an in-game currency, is evolving into a thriving cosmos catering to the needs of over 3 billion gamers worldwide. At its core stands the GamesCoin, around which a comprehensive ecosystem is flourishing – YOURE Games, the portal and the launch pad into the global gaming economy. It is determined to advance the simple yet brilliant vision of GamesCoin. By seamlessly integrating traditional gaming with cutting-edge blockchain technologies, a groundbreaking era of digital entertainment is emerging.

“The future of gaming is true ownership. With GamesCoin, our powerful in-game currency, and YOURE Games, our blockchain-based portal, we are redefining gaming. For the first time, gamers, developers and publishers will become true owners of their games and their successes,” said Alex Suárez, GamesCoin Founder and YOURE Family CEO.

About YOURE / GamesCoin

YOURE Family, a pioneering German blockchain gaming organization, has created an innovative ecosystem around its GamesCoin that pushes the boundaries and creates a gaming world that is more immersive than ever before. Leading this revolution, YOURE Family is reshaping the gaming landscape by merging blockchain and gaming in unprecedented ways, unlocking a digital cosmos of endless possibilities. From multi-use NFT marketplaces for digital assets to cross-game promotions, the YOURE Family ecosystem offers a new frontier for the gaming industry. Players and partners enjoy seamless access to this next generation gaming experience with highly secure, compliant and user-friendly wallet technology. www.youre.net

The company, which has offices in Berlin, Hamburg, Frankfurt and Zug (CH), is celebrating this event at the luxurious Mandarin Oriental Jumeira in Dubai, a fitting venue for this momentous occasion, together with 130 invited guests from the gaming and blockchain industry around the globe.

For media inquiries, please contact:
YOURE Family GmbH
Christian Schön
Chief Communications Officer
c@youre.net

Gate Web3 Startup Announces Exciting New Project Listing: Game Verse

MAJURO, Marshall Islands, Oct 19, 2023 – (ACN Newswire) – Gate Web3 Startup, a pioneering platform for innovative blockchain projects, is thrilled to announce the listing of a new project: Game Verse. The Game Verse airdrop commenced on October 18, 2023, at 7:00 UTC and concludes on October 23, 2023, at 7:00 UTC.

Game Verse’s latest offering, Sword and Magic World, is a free-to-play MMORPG designed to captivate players with its vast open-world experiences. The game finds its roots in the rich legacy of Game Verse, a trailblazing global GameFi and Metaverse platform. Founded by the stalwarts of KOSDAQ-listed company Long, Game Verse is no stranger to excellence and innovation. This much-anticipated addition is set to reshape the landscape of the MMORPG gaming world, bringing a blend of fast-paced action combat and deep immersion to the digital space.

Game Verse airdrop started on October 18, 2023, at 7:00 UTC and will conclude on October 23, 2023, at 7:00 UTC. For users eager to participate in the airdrop, the steps are simple: create or link a Gate Web3 Wallet, ensure the EVM chain possesses ≥ 100 USD equivalent EVM, and claim your free airdrop!

Explore the Future with Gate Web3

Gate Web3 Startup offers users the opportunity to participate in initial and non-initial airdrops from the latest Web3 projects. Several new projects are featured weekly, and users can participate with their self-custody wallet.

Beyond the Startup platform, Gate Web3 has everything needed for self-custody users to join the future decentralized Internet. Users can manage their assets and portfolio with the Gate Web3 Wallet and then conveniently access decentralized single and cross-chain swaps and transfers, decentralized perpetual futures, NFT marketplace, staking, DApp, and airdrop aggregators.

About Gate.io

Established in 2013, Gate.io is one of the world’s earliest cryptocurrency exchanges and a leader among compliant and secure digital asset platforms, offering diverse trading services with 100% user-verifiable Proof of Reserves. Further, the platform has consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. Besides its primary exchange services, Gate.io has diversified its ecosystem to offer decentralized finance, research and analytics, venture capital investing, wallet services, startup incubation, and more. The platform currently serves more than 13 million active users worldwide.

Media Contact:
Elaine Wang
Global Media Manager
elainewang0910@gmail.com