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NextPlay Technologies Acquires Assets and IP of Casual Game Publisher, goGame, to Integrate its HotPlay In-Game Advertising Technology

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SUNRISE, FL, Apr 20, 2022 - (ACN Newswire) - NextPlay Technologies, Inc. (Nasdaq: NXTP), a technology solutions company building a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, has completed its previously announced acquisition of gaming assets and IP from goGame, a Singapore-based mobile casual video game publisher and technology company.

The acquired assets include goPlay, a new-gen game publishing platform featuring a tournament system, chat, payment, and 37 casual games ranging from arcade to strategy. NextPlay plans to complete the integration of its HotPlay in-game advertising (IGA) technology into the 37 goPlay games by year-end.

NextPlay also acquired from goGame a perpetual license to goPay, a payment aggregator that offers game developers multiple ways to more easily collect and process user payments. This includes carrier billing, over the counter, e-voucher, bank transfer and e-wallet. The goPay technology further extends NextPlay's existing payment services, offering access to a wider array of global payment providers.

"The key value for us in this acquisition is how the goPlay platform enables gamers to form a community within its ecosystem," noted NextPlay co-chief executive Nithinan (Jessie) Boonyawattanapisut. "We see this providing a ready-made platform to launch our HotPlay IGA technology, with this leading to new revenue streams and expansion of our reach to users in many additional countries around the world."

As a fully owned brand, goPlay brings Nextplay:

- Web destination for players to gather and engage in social play across a catalogue of well-crafted, hyper casual games.
- Set of new technologies and APIs, such as social graph, chat, and game tournament backend services, for integration into the company's advertising and game services offering and delivered via its core game software development kit across web, set-top box, and mobile platforms.
- New revenue stream through goPay payments and ability to harness exciting new partnerships in key areas of NextPlay's broader market focus, such as NFT gaming and cryptocurrency.

goPlay and goPay offer a core set of compelling features that are perfect for a wide variety of platform partners who will be able to sign up under an Open Beta this summer. The goGame offerings will become part of the NextPlay suite of customizable products that can be tailored to fit the individual needs and capabilities of B2B and B2C operators across the globe.

NextPlay also plans to introduce goPlay game users to its NextFinancial fintech-oriented products, including crypto banking, micro-lending, and potential insurance services. Across each of these offerings, NextPlay would also have full access to goGame's payment processing gateway goPay.

For further details about the NextPlay's asset and IP purchase from goGame, please see the NextPlay Form 8-K filing with the U.S. Securities and Exchange Commission at www.sec.gov, and also available in the nextplaytechnologies.com investor relations section.

About goGame

Go Game Pte Ltd is a game company headquartered in Singapore, with offices in Malaysia, Philippines, Taiwan, Thailand, and Vietnam. Founded in July 2015 by industry veteran David Ng, the company first made headlines for securing major investments from gaming giant SEGA and venture capitalist Incubate Fund Japan. The 200-strong team has collaborated on projects with SEGA, Disney, Colopl and Viacom. For more information, visit gogame.net

About NextPlay Technologies

NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay's engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of our existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, beliefs or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties related to our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence and voting control over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; our travel business depends substantially on property owners and managers renewing their listings; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of our recent acquisitions of Longroot Holding (Thailand) Company Limited (Longroot), HotPlay Enterprise Limited (HotPlay) and NextBank International (formerly IFEB); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; risks associated with the integration of the operations of HotPlay, Longroot and IFEB, which acquisitions we recently competed; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by NextPlay are detailed from time to time in NextPlay's periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings "Risk Factors". These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Source: NextPlay Technologies, Inc.

Company Contact:
NextPlay Technologies
Richard Marshall
Director of Corporate Development
Tel (954) 888-9779
rmarshall@monakergroup.com

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comNextPlay Technologies, Inc. (Nasdaq: NXTP), a technology solutions company building a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, has completed its previously announced acquisition of gaming assets and IP from goGame, a Singapore-based mobile casual video game publisher and technology company.

Iskra, the Stealth Web3 Game Community Platform Scores $34 million USD Led by a Korean Online Giant

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SINGAPORE, Apr 7, 2022 - (ACN Newswire) - Iskra announced that it secured an investment of up to $34 million USD led by Krust Universe, an investment arm of Kakao, a Korean tech giant. Along with Krust Universe, the list of investors read like who's who of the tech and gaming industry; WeMade, MetaBora, Neowiz, NHN Bigfoot, Fast Ventures, Liberty Investment, and Kakao Ventures.

Iskra aims to be the Future of Play, addressing category growing pains, as well as providing exciting opportunities and new game experiences for players, game developers and investors alike.

While Iskra is a new name, a look at the company's management team lineup reveals an all-star cast of blockchain and online game industry veterans with multiple exits between them from companies such as Dayli Financial Group and Tencent Holdings.

"We believe Iskra is pioneering the way to become the next-generation blockchain gaming publishing platform with unique features for game developers, users and other participants. We chose to invest in Iskra because we identify strong synergy between their ecosystem and ours. Together, we will take the blockchain and Web3 gaming industry to the next level," Henry Chang, CEO of WeMade.

Leading this round, Junghoon Kim, Chief Investment Officer at Krust Universe explained, "Iskra is a seasoned team that can combine the best of blockchain and games. During our incubation, the team successfully built a model that incentivizes various stakeholders in the community." The company further added, "Iskra is well aligned with the 2.0 strategy of Klaytn, a Krust portfolio, in which Klaytn becomes a blockchain of choice for gamefi and metaverse."

Up to now, Iskra has been focusing its resources on the company's Web3 game community platform development as well as acquiring the best next-gen blockchain game content the country has to offer. Most of the initial content that will be announced with the platform are from the same group of investors.

"We are excited that Krust, WeMade, and the rest of our investors trust my team and I to execute on our vision of a community-forward system that aligns interests by rewarding its stakeholders based on participation, while integrating sustainable tokenomic solutions for game developers to the platform. This investment will not only bring capital, but also their domain expertise and network to help expand the reach of Iskra's platform," commented Eugene Lee, CEO/Founder of Iskra.

About Krust

Krust incubates innovative startups that are building the next generation of groundbreaking technology applications. By enabling their growth and supporting their global expansion, we aim to contribute to the innovation of humanity.

About WeMade

WeMade Games is dedicated to serving gamers with a portfolio of entertaining, high quality PC and Mobile games. Established in 2000, WeMade Entertainment Co., Ltd. (KOSDAQ: 112040) is an international game developer publisher that has grown from a handful of passionate game pioneers to a group of over 1,000 game enthusiasts.

About Iskra Pte Ltd

Iskra (https://www.iskra.world/) is the Future of Play. The Company is backed by some of the biggest technology and game companies from Korea. Iskra plans to deploy a $200M game fund to launch next-gen Web3 experiences via its Web3 game community platform. Iskra's community-forward system aligns the interests of the community by rewarding its stakeholders based on their participation, while integrating sustainable tokenomic solutions for game developers that join its platform. The Company seeks to bridge the gap in web3 adoption between early adopters and the mainstream by combining enjoyment, sustainability and the latest in blockchain technology.

Media Contact
Ben Colayco, Global Managing Director
E: media@iskra.world
Headquarters: Iskra Pte. Ltd., 24 Raffles Place, #17-04 Clifford Centre, Singapore 048621

SOURCE: Iskra Pte Ltd

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comIskra announced that it secured an investment of up to $34 million USD led by Krust Universe, an investment arm of Kakao, a Korean tech giant. Along with Krust Universe, the list of investors read like who's who of the tech and gaming industry; WeMade, MetaBora, Neowiz, NHN Bigfoot, Fast Ventures, Liberty Investment, and Kakao Ventures.

Resolving The Latency Dilemma Of Blockchain Technology

Resolving The Latency Dilemma Of Blockchain Technology
Blockchain technology and the vivid range of products and services built upon it are touted as the “key drivers” of the next wave of innovation across the traditional and digital ecosystems. The transition from Web2 to Web3 is happening faster than ever, as is evident from the growing popularity of blockchain-native applications. In the last […]

Energy Giant ExxonMobil Enters Crypto Mining Utilizing Surplus Natural Gas

Energy Giant ExxonMobil Enters Crypto Mining Utilizing Surplus Natural Gas

The corporation is now exploring extending its pilot program to four nations. ExxonMobil and Crusoe Energy had signed a contract

The post has appeared first on thenewscrypto.com

Energy Giant ExxonMobil Enters Crypto Mining Utilizing Surplus Natural Gas

Energy Giant ExxonMobil Enters Crypto Mining Utilizing Surplus Natural Gas

The corporation is now exploring extending its pilot program to four nations. ExxonMobil and Crusoe Energy had signed a contract

The post has appeared first on thenewscrypto.com

Energy Giant ExxonMobil Enters Crypto Mining Utilizing Surplus Natural Gas

Energy Giant ExxonMobil Enters Crypto Mining Utilizing Surplus Natural Gas

The corporation is now exploring extending its pilot program to four nations. ExxonMobil and Crusoe Energy had signed a contract

The post has appeared first on thenewscrypto.com

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LG’s New Business Plans Include Blockchain and Crypto

The electronics giant is likely to introduce Smart TVs that can allow viewing and buying of non-fungible tokens.

Here’s When US Lawmakers Could Approve Spot Market Bitcoin ETFs, According to Bloomberg Analysts

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The U.S Securities and Exchange Commission (SEC) may approve spot market Bitcoin (BTC) exchange-traded funds (ETFs) as soon as next year, according to Bloomberg analysts. Bloomberg financial strategists James Seyffart and Eric Balchunas say that the SEC’s recent proposal to expand the legal definition of “exchange” may mean the regulatory agency is ready to approve […]

The post Here’s When US Lawmakers Could Approve Spot Market Bitcoin ETFs, According to Bloomberg Analysts appeared first on The Daily Hodl.

Australian Regulators Sue Facebook Over Crypto Scam Ads

The Australian Competition & Consumer Commission (ACCC) is suing Meta – previously known as Facebook – over a series of crypto scam advertisements that used the likenesses or images of famous individuals to allegedly promote certain products and suck traders in. Australia Files Suit Against Facebook One of the ads featured Australian public figures like...

The post Australian Regulators Sue Facebook Over Crypto Scam Ads appeared first on Live Bitcoin News.

Australian Regulators Sue Facebook Over Crypto Scam Ads

The Australian Competition & Consumer Commission (ACCC) is suing Meta – previously known as Facebook – over a series of crypto scam advertisements that used the likenesses or images of famous individuals to allegedly promote certain products and suck traders in. Australia Files Suit Against Facebook One of the ads featured Australian public figures like...

The post Australian Regulators Sue Facebook Over Crypto Scam Ads appeared first on Live Bitcoin News.

Digital Asset Exchange Crypto.com Rolls Out Support for Six Low-Cap Altcoins, Spurring Multiple Rallies

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Crypto exchange giant Crypto.com is expanding its app roster by adding half a dozen up-and-coming altcoins. The app announced its latest listing of play-to-earn metaverse token Merit Circle (MC), joining the marketplace’s more than 250 cryptocurrencies and stablecoins. The decentralized autonomous organization gives voting rights to all MC holders, and players have access to over […]

The post Digital Asset Exchange Crypto.com Rolls Out Support for Six Low-Cap Altcoins, Spurring Multiple Rallies appeared first on The Daily Hodl.

Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas

ExxonMobil

Since January 2021, the oil and gas giant ExxonMobil has been operating a pilot project to power Bitcoin mining operations.  Overview of the Pilot Project The pilot project’s objective is to utilize ‘wasted gas’ from its North Dakota oil wells to power Bitcoin mining operations. ExxonMobil, the largest oil producer in the United States, intends to expand the project into other nations as well.  These include Nigeria’s Qua Iboe Terminal, Argentina’s Vaca Muerta Shale formation, as well as Alaska, Guyana, and Germany. Reportedly, each month the project consumes 18 million cubic feet of natural gas. Due to a shortage of pipelines, the extra natural gas would normally be burned or flared. New Partnership for ExxonMobil ExxonMobil also unveiled an arrangement with Crusoe Energy Systems that allows the latter to power mobile generators. These are utilized for the Bitcoin mining servers on-site with the gas derived from Bakken Shale Oil Wells.  A representative of ExxonMobil disclosed in a statement that the multination conglomerate had been continually looking for ways to reduce its gas flaring volumes. However, ExxonMobil’s spokesperson denied clarifications on the company’s need to utilize natural gas for Bitcoin mining.  In conclusion, there have been multiple research papers emphasizing the role of Bitcoin mining in promoting renewable energy sources. Thereby, using natural gases that could be flared can assist in lessening the impact of the process on the environment, leading to a win-win scenario.   

The post Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas appeared first on Cryptoknowmics-Crypto News and Media Platform.

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