Gaming

Additional investors to oversubscribed round include Animoca Brands, Binance Labs, BITKRAFT Ventures, and Griffin Gaming Partners

Funding allocated to 'Earnings for Everyone' platform and global expansion

Community Gaming, the premier all-in-one global earnings platform and competitive organizer, today announced the closing of its oversubscribed Series A at $16 million . The funding round was led by SoftBank Group via its SB Opportunity Fund, with participation from Animoca Brands, Binance Labs, BITKRAFT Ventures and Griffin Gaming Partners. Additional investors span multiple sectors, including CoinFund, Hashed, Multicoin Capital, Shima Capital, Polygon Studios, and ConsenSys Mesh. Angel investors include Axie Infinity co-founder Jeff Zirlin and Gabby Dizon, co-founder of Yield Guild Games.

CG Series A Investors

Community Gaming began as an in-person competitive esports and gaming tournament operator, providing organizers and players of all levels. In 2019, Community Gaming transitioned to a hybrid platform of in-person and online events, using blockchain-based smart contracts to provide an all-encompassing competitive gaming experience from signup to instant payment. By early 2022, Community Gaming reached the 100,000 unique registered users milestone on its platform.

As a result of the Series A, Community Gaming will expand both its global footprint and platform offerings.The major platform update expected later this year will allow users to earn supplemental income on the blockchain through gamified 'Quests' within the Community Gaming system. This 'Earnings for Everyone' approach enables Community Gaming to reward users for action and time with the platform instead of focusing on only the most skilled in competition.

"Community Gaming's position at the intersection of esports and blockchain technology grants us a tremendous opportunity to lead the growing conversation around gaming in web3," said Chris Gonsalves , CEO of Community Gaming. "These resources will allow us to further support 'Earnings for Everyone' systems that reward action and time, a re-imagining of the social contract of work as people look for new ways to create supplemental income through gaming."

Community Gaming will use this capital injection to grow operations in Latin America and Southeast Asia . The expansion brings economic benefits to underserved regions within the two markets through job creation, local business engagement, and flagship competitive events. At the outset, events will focus on underserved demographics as a way to introduce gaming to a wider audience.

"We're excited to partner with Chris and the Community Gaming team who are building Web3 gaming infrastructure to disrupt traditional games as well as crypto gaming industry", said Benjamin Lizana , investment leader at SoftBank Latin America Fund. "We recognize strong tailwinds for the crypto gaming infrastructure space globally and are excited by the pace at which it has gained traction in Latin America , where Brazil ranks highly on gaming infrastructure usage. We look forward to continue supporting CG in their expansion "

Additionally, Community Gaming will donate a portion of the funding to its Play2Earn foundation. The nonprofit supports the grassroots growth of gaming for low income individuals and communities around the world by providing grants to competitive organizers. To date, the P2E foundation has provided over $100,000 in grants.

About Community Gaming

Community Gaming is the all-in-one esports competition platform, offering cutting edge infrastructure to key industry stakeholders. Through its seamless UX, plus highly scalable and efficient blockchain payment technology, the platform equips players, competition organizers, and game developers with the tools they need to create, facilitate, and participate in esports tournaments. Community Gaming believes in Earnings for Everyone, where the massive gains of the wider esports and gaming industry are decentralized and accessible via web3 technology to reward action and time. People who love games should have a reliable avenue to supplement their current income by gaming, no matter the skill level. Connect with us at CommunityGaming.io , or on Twitter , Discord , Instagram , Facebook and Twitch .

About SoftBank Group

The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. ( TOKYO : 9984), an investment holding company that includes stakes in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing more than US$135 billion to help extraordinary entrepreneurs transform industries and shape new ones; the US$5 billion SoftBank Latin America Fund, the largest venture fund in that region; the newly-launched US$3 billion SoftBank Latin America Fund II; and the SB Opportunity Fund, a US$100 million fund dedicated to investing in enterprises founded by entrepreneurs of color in the U.S. To learn more, please visit https://group.softbank/en .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/community-gaming-closes-16m-series-a-led-by-softbank-301519620.html

SOURCE Community Gaming Inc

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East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

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THE AXIE INFINITY COMMUNITY GOES FOR THE SLAM DUNK WITH BIG3 CHAMPIONS TRILOGY

A Group of Community Members From AXIE INFINITY , the Largest NFT Game in the World, Announce The Acquisition of a Majority Holding of Fire-Tier NFTs for the Reigning BIG3 Champions TRILOGY Coached by Stephen Jackson

Today, the BIG3 announced that members of the Axie Infinity community the token-based online video gamehave purchased the majority of the Fire-Tier editions of Trilogy, receiving ownership-like value and utility in the 2021 BIG3 defending champions. This purchase is part of the BIG3's new model of ownership announced in April 2022 which leverages blockchain technology to sell NFTs offering ownership-like benefits. Other BIG3 FEAT owners include DeGods, Gary Vaynerchuk and VeeFriends, Bill Lee and MyDogeDogeCoin, Krause House and Snoop Dogg and PayPal Co-Founder Ken Howery .

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Gameflip Partners with Nitro League to make Play-to-Earn Accessible to All Gamers

Gameflip expands offerings to include popular Blockchain-based game

Gameflip today announced their partnership with popular Play-to-Earn (P2E) game, Nitro League, bringing high-octane racing action to Gameflip's community of over 6M gamers.

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Tapinator Announces Q2 2022 Financial Results

- Revenue Decreases 2% Year-Over- Year to $1.4 Million
- Bookings* Decrease 12% Year-Over-Year to $1.3 Million
- Net Loss Recorded of $77k
- Adjusted EBITDA* Decreases 22% Year-Over-Year to $292k
- Basic and Fully Diluted EPS loss of ($0.03)

Tapinator, Inc. (OTC: TAPM) ("Tapinator," the "Company," "we," "our" or "us") a developer and publisher of category leading games for mobile platforms and a collector and publisher of fine art NFTs, today announced unaudited financial results for the three and six months ended June 30, 2022 and the filing of its quarterly report for the periods ended June 30, 2022 and 2021.

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Investing in Fantasy Sports Stocks

Investing in Fantasy Sports Stocks

When sports writer Daniel Okrent invented Rotisserie League Baseball in 1979, it’s unlikely that the “father of fantasy sports” could have imagined it would evolve into an US$8.9 billion market.

Of course, much of that growth can be attributed to advancements in technology. Fantasy sports magazines published in the late 1980s became websites in the 1990s, and eventually fantasy sports businesses; more recently there’s been a boom in fantasy sports apps for smartphones.

North America currently represents the largest market for fantasy sports services. Research and Markets estimates that more than 59 million people in the US and Canada play fantasy sports. However, India is set to experience significant market growth in the near-term future, with expectations that the number of players will rise from 20 million to a projected 150 million by 2022.

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East Side Games Group Reports Second Quarter 2022 Financial Results

Q2 revenue of $29.7M , an increase of 32% over the same period last year

Announced Normal Course Issuer Bid for up to 4.1 million shares

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EAST SIDE GAMES GROUP ANNOUNCES NORMAL COURSE ISSUER BID

 East Side Games Group Inc. (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company ") announces that the Toronto Stock Exchange (" TSX ") has accepted its notice to proceed with a normal course issuer bid (the " NCIB ").

east side games logo (CNW Group/East Side Games Group)

The Company's board of directors believes that the market price of the Company's common shares (the " Shares "), from time to time, may not reflect the inherent value of the Company, and purchases of Shares pursuant to the NCIB may represent an appropriate and desirable use of the Company's funds.  Any purchases made under the NCIB will be made by the Company subject to favourable market conditions at the prevailing market price at the time of acquisition through the facilities of the TSX and other alternative Canadian trading systems.

Pursuant to the notice, during the twelve month period commencing August 16, 2022 and ending August 15, 2023 , the Company may purchase up to 4,076,819 of its Shares, representing approximately 5% of its outstanding Shares as of August 2 , 2022.  Under the NCIB, other than purchases made pursuant to block purchase exemptions, the Company may purchase up to 5,371 Shares on the TSX and other alternative Canadian trading systems during any trading day, which represents approximately 25% of the average daily trading volume of the Shares on the TSX for the past six calendar months, being 21,486 shares per day. The Company may cancel any Shares repurchased under the NCIB, or reserve them for awards under its equity compensation plan.

In conjunction with the NCIB, the Company has entered into an automatic share purchase plan (the " ASPP ") with a designated broker to allow for the purchase of its Shares under the NCIB at times when the Company normally would not be active in the market due to applicable regulatory restrictions or internal trading blackout periods.  The ASPP has been pre-cleared by the TSX and is effective August 16, 2022 , the commencement date of the NCIB.  The ASPP constitutes an "automatic securities purchase plan" under applicable Canadian securities laws.  Shares purchased under the ASPP will be included in computing the number of Shares purchased under the NCIB.  Outside of these internal trading blackout periods, purchases under the NCIB will be made based on management's discretion.

Although the Company intends to purchase Shares under its NCIB, there can be no assurances that any such purchases will be completed.

ABOUT EAST SIDE GAMES GROUP

East Side Games Group (formerly operating under the name "LEAF Mobile Inc.") is a leading free-to-play mobile game group, creating engaging games that produce enduring player loyalty. Our studio groups entrepreneurial culture is anchored in creativity, execution, and growth through licensing of our proprietary Game Kit software platform that enables professional game developers to greatly increase the efficiency and effectiveness of game creation in addition to organic growth through a diverse portfolio of original and licensed IP mobile games that include: Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm , The Goldbergs: Back to the 80s, It's Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money , RuPaul's Drag Race Superstar and The Office: Somehow We Manage .

We are headquartered in Vancouver, Canada and our games are available worldwide on the App Store and Google Play. For further information, please visit: www.eastsidegamesgroup.com and join our online communities at LinkedIn , Twitter , Facebook , and Instagram .

Additional information about the Company can be found under its profile at www.sedar.com .

Forward-looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the NCIB and purchases thereunder and the effects of repurchases. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.  In particular, purchases made under the NCIB are not guaranteed and may be suspended at the discretion of the Company.  These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

SOURCE East Side Games Group

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/11/c9788.html

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