Appota lands Mirae funding for blockchain initiative

Appota Group announced today the close of a financing round led by Mirae Asset Venture Investment with participation from other strategic partners. The investment is earmarked for developing the company's blockchain ecosystem based on its 10-year gaming publishing business.

Anthony Tran , group co-founder and COO, said in a statement: "We are excited to have Mirae Venture on this journey. As an Appota investor since 2017, Mirae's guidance has been crucial to our focus on continuous innovation. This initiative will make blockchain technology more accessible to gamers, developers, and community members."

One project, ChainVerse, aims to serve hundreds of local independent game studios by removing the steep learning curve and letting developers focus on building great games. Tuan Nguyen , ChainVerse CEO, said: "We provide developers with powerful, effective, and affordable tools for integrating blockchain digital assets and reaching 50 million mobile users in Appota's ecosystem."

Another project initiative, AceStarter, is a next-generation launchpad that curates and launches world-class blockchain projects globally. The platform is a bridge that connects communities and investors with high-potential, early-stage offerings.

Tran concluded: "With ChainVerse and AceStarter, we are well poised to capitalize on opportunities not unlike the early Internet revolution. Appota will debut products relating to game guilds management platform and web3 game streaming platform by the end of this year."

About Appota:

Appota is a pioneer technology solutions and digital entertainment content provider in Vietnam . The company's entertainment ecosystem comprises over 55 million users globally. It is a top three game publisher in the country and an official partner of the Facebook Gaming Creator network.

Appota Website: https://appota.com/
ChainVerse Website: https://chainverse.org/
AceStarter Website: https://acestarter.finance/

About Mirae Asset Venture Investment

Mirae Asset Venture Investment invests in and supports innovative growth-stage technology companies around the world. The firm works with founders on strategy, M&A, and restructuring initiatives to set the foundations for business scalability and success.

Cision View original content: https://www.prnewswire.com/news-releases/appota-lands-mirae-funding-for-blockchain-initiative-301562424.html

SOURCE Appota

News Provided by PR Newswire via QuoteMedia

GAMING00
The Conversation (0)
NorthStar Gaming Holdings (TSXV:BET)

NorthStar Gaming Announces Short-Term Financing

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announced that it has issued a $3.5 million unsecured, interest-bearing promissory note dated as of December 16, 2024 (the "Note") to Playtech plc. The Note shall bear interest of 8% per annum, payable in arrears at maturity. Unless otherwise accelerated pursuant to its terms, the Note will become immediately due and payable on the earlier of (i) April 25, 2025; and (ii) the date on which the Company or any of its subsidiaries completes additional financing transactions with aggregate gross proceeds of at least $10 million, subject to certain exceptions. Proceeds from the Note will be used to fund the Company's continued growth and for general corporate purposes.

Keep reading...Show less
NorthStar Gaming Holdings (TSXV:BET)

NorthStar Gaming Holdings


Keep reading...Show less
Person holding phone that says "GameStop" in front of stock trading charts.

GameStop Frenzy Cools, E*Trade Considers Roaring Kitty Ban

GameStop (NYSE:GME) continues to cool following a trading frenzy that drove shares up by 75 percent between the close of trading last Friday (May 31) and the start of trading on Monday (June 3).

The brief rally, which took GameStop shares to US$40.09 on Monday morning, was sparked by a Reddit (NYSE:RDDT) post made late Sunday (June 2) by an account tied to the video game retailer's most prominent supporter, Keith Gill.

Gill, who ignited the meme stock craze in 2021 and is known as Roaring Kitty on other platforms, posted a screenshot on Reddit's Superstonk subreddit that shows a purported US$175 million position in GameStop shares and call options.

Keep reading...Show less
Cell phone showing GameStop stock chart.

GameStop Surges Over 70 Percent in Flashback to 2021 Frenzy

Over three years after the infamous GameStop (NYSE:GME) short squeeze, the American retailer’s share price skyrocketed as much as 110 percent on Monday (May 13) before pulling back to a more than 70 percent gain.

The surge came on the heels of a social media post by "Roaring Kitty," also known as Keith Gill. His first online appearance since 2021 has reignited memories of the meme stock frenzy that captivated markets in 2021.

Gill, who gained notoriety for his bullish stance on GameStop, posted a meme on X (formerly Twitter) depicting a focused video gamer. It received widespread attention, accumulating over 81,000 likes and 9,000 comments in just a few hours.

Keep reading...Show less
NorthStar Gaming Chairman and CEO Michael Moskowitz.

NorthStar Gaming Leverages Content to Create Engaged, Active Players, CEO Says

NorthStar Gaming (TSXV:BET,OTCQB:NSBBF) is leveraging its rich, compelling content to better engage its customers, which ultimately leads to higher revenue, said NorthStar Chairman and CEO Michael Moskowitz, following an earlier announcement that the company is rolling out enhancements to the Sports Insights content on its platform.

“From the time that we founded NorthStar Gaming, we took the view that providing compelling content would lead to higher engagement with our customers,” he said. "And we're finding just that. We're planning to launch Sports Insights 2.0 in the first half of 2024 with redesigned sports and homepages, live scoreboards and tickers, live odds, trending topics and a greater tie-in in terms of the player journey and promotional offers that we provide to them."

Moskowitz noted that leveraging content helps attract new customers, with several media organizations using the company’s content on their own sites. “Ultimately, these articles and this content will help to create awareness around the NorthStar Bets brand and platform, and ultimately drive traffic to our site, which will convert into revenue.”

Keep reading...Show less
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading...Show less

Latest Press Releases

Related News

×