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NFTs and Play-to-Earn Gaming Trend Is Building a Slew of Opportunities

Palm Beach, FL – February 1, 2022 – FinancialNewsMedia.com News Commentary – Storied video game company Atari has found a unique way to celebrate its 50th anniversary. The company will be combining lootboxes with NFTs to create giftable NFTs, or “GFTs”. Atari is teaming up with Republic Realm, known as one of the most active developers of metaverse and NFT ecosystem products to sell the collection. The GFTs will appear to recipients as gift-wrapped boxes that do not show the gift inside, just like a physical gift. The gifted NFT will then unrwa on a specific date, displaying various NFTs based on famous titles from Atari’s back catalogue over its 50-year history. Good Gamer Entertainment Inc. (TSXV:GOOD) (OTCPK:GGAMF), a real money skill games operator, and game developer recently signed an agreement with Fork Gaming to develop and launch the play-to-earn NFT game Chosen Ones. NFTs for artwork, characters, and more are being used by game developers to bring a fresh experience to gaming. Microsoft’s (NASDAQ:MSFT) planned acquisition of Activision Blizzard (NASDAQ:ATVI), and initiatives from companies such as Zynga (NASDAQ:ZNGA) and Coinbase (NASDAQ:COIN) to build NFT marketplaces and integrate NFTs into games demonstrate a burgeoning market that is speeding up adoption and growth.

 

Good Gamer announced on February 1, 2022 that it had signed a master services and license agreement with Fork Gaming, to develop and launch a play-to-earn NFT game franchise, called Chosen Ones. Good Gamer will develop multiple blockchain application to create the Chosen Ones NFTs, artwork, characters, and a play-to-earn NFT-based blockchain game.

 

Fork Gaming will become the exclusive publisher for the Chosen One’s franchise and Good Gamer will grant non-exclusive licenses for multiple products to Fork Gaming. This will include an NFT character generator, a minting machine, a smart contract generator, an NFT marketplace, and an auto-battler play-to-earn NFT mobile game. The NFT character generator will be able to create 10,000 unique Legendary Hero NFTs based on Chosen Ones characters, with millions of possible randomized trait combinations that players can use in the forthcoming game and in the Sandbox metaverse.

 

The Chosen Ones NFT Marketplace will be a complete and comprehensive marketplace where player can purchase and sell various NFTs to play in the game. They can buy, sell, and trade their NFTs in the marketplace, and use them to play in the game.

 

For example, those characters could be used in the Chosen Ones auto-battler play-to-earn NFT mobile game. This is a Unity-based mobile game where players can use their NFTs to battle in a futuristic arena-styled chessboard. Importantly, as part of the agreement, Good Gamer will receive 99,900,000 Chosen Ones Tokens which will represent 9.99% of the total outstanding token supply.  Good Gamer will receive a 45% revenue share from the sales and resales of the Original Mints of the Legendary NFTs.  Good Gamer will also receive a 25% revenue share on NFT rentals and marketplace sales and an additional 30% from all Ecommerce sales.

 

For more information about Good Gamer Entertainment Inc. (TSXV:GOOD) (OTC:GGAMF), click here.

 

Gaming Companies Are Growing and Entering Partnerships

 

On January 10, 2022, Take-Two Interactive (TTWO) and Zynga (NASDAQ:ZNGA),  two leaders in interactive and mobile entertainment announced that Take-Two will acquire all outstanding shares of Zynga in a cash and stock transaction valued at $9.861 per Zynga share, with a total enterprise value of approximately $12.7 billion. This combination creates one of the largest publicly traded interactive entertainment companies in the world, with $6.1 billion in pro forma year-over-year net bookings for the period ended September 30, 2021.

 

Microsoft (NASDAQ:MSFT) announced that it is planning an acquisition of Activision Blizzard (NASDAQ:ATVI), the publisher of titles such as Call of Duty and Warcraft, for $68.7 billion. Microsoft’s aim for the acquisition is to bolster its gaming business for Xbox and Game Pass, while also developing its version of the metaverse. The company stated that buying Activision “will provide building blocks for the metaverse” in a press release.               The acquisition is the biggest video game acquisition of all time, and Microsoft’s largest acquisition since it acquired LinkedIn.

 

Coinbase (NASDAQ:COIN) announced plans to launch Coinbase NFT, a marketplace in which to mint, purchase, showcase, and discover digital collectibles. The company has also partnered with Mastercard to let users make purchases on its NFT marketplace using their Mastercards, without buying cryptocurrency first. This is aimed at making the purchasing process simpler and more accessible.

 

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated twenty five hundred dollars for news coverage of current press release issued by Good Gamer Entertainment Inc. by a non-affiliated third party.

 

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

 

SOURCE Financialnewsmedia.com

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