GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE: BLOC.U) (FSE:
BWSP) (OTC Pink: BLKCF) ("BLOC", or the "Company")
announces its future strategy following the acquisition of X2 Games
Corp. (“
X2 Games” or “
X2”) on
December 17, 2018.
The Acquisition:
As of December 17, 2018, BLOC acquired all of
the issued and outstanding shares of X2 Games (the “X2
Games Shares”) (the “Transaction”). The
Transaction introduced the leadership of Nolan Bushnell, co-founder
of Atari and Chuck E. Cheese’s, and Hollywood creative director and
visual effects visionary Zai Ortiz to BLOC’s operations, as BLOC
pivots to focus on gaming-related projects.
As a result of the Transaction, BLOC acquired
all intellectual property rights to X2 Games’ current game
projects, including the digital interactive games for Amazon Alexa.
One of these games, titled St. Noire, has a pre-release date
set for early 2019, with three other Amazon Alexa games set to be
launched in 2019. A trailer of St. Noire can be seen
at http://www.st-noire.com/amazon-alexa.
Strategic Planning
BLOC and X2 Games have initiated a comprehensive
strategy to optimize BLOC’s assets towards gaming, eSports and AI.
BLOC’s assets will be leveraged to support X2’s pursuit of
disruptive gaming interfaces.
As a result of this new strategy, X2 Games will
become the main business focus of BLOC, supported by its
synergistic assets portfolio. BLOC believes this is the best way to
leverage the experience and leadership that Nolan Bushnell and Zai
Ortiz bring to the Company.
X2 Games Co-Founder, Chairman and CEO Nolan
Bushnell has stated that, “This transition will help X2’s goal to
revolutionize gaming and merge it with cinema and AI in exciting
ways. At X2 Games we are always looking to find avenues for gaming
in existing and emerging platforms. A primary component of our
strategy is to tailor our products to the Smart-speaker, AI,
mobile, AR and Interactive TV markets and gamify this space.”
X2’s strategy will also explore the following
sectors within the gaming market in the next 3 years:
- Dynamic Cinema
- Arcade
- Mobile
- VR / AR/ MR
- Geo Adventure
- Mediated Board Games
- Streaming
- Esports
- Immersive Theater
Future Initiative
X2 Games has an extended pipeline of Alexa based
games in production.
Following the release of St. Noire, the Company
will release further games stemming from Nolan Bushnell’s back
catalogue of unreleased games and intellectual property.
Zai Ortiz, Chief Creative Officer, Co Founder
and President of X2 Games commented, “Gamification will
revolutionize the industry in how we think about gaming, and what
we think of as a game. Future of interactive games is the merging
of cinema, gaming, and AI – X2 is well positioned to take advantage
of this rapidly growing industry.”
Amazon has sold more than 100 million devices
with Alexa integrated smart assistance. By 2020, it is estimated
that up to 75% of US households will have a smart-speaker. X2 Games
will pursue this sector in the long term as it observes a large
market opportunity to satisfy consumer demand in smart-speaker
technologies. 1 2
The global smart speaker market
size is expected to reach revenues around $19 billion by 2023,
growing at an impressive CAGR of approximately 31% 2018–2023. 3
About Global Blockchain Technologies
Corp.The Company provides investors access to a basket of
direct and indirect holdings within the blockchain space.
The Company is focused on streamlining the
currently arduous, lengthy, and complicated process that interested
investors must undergo to gain exposure to the blockchain space,
with a view to becoming the first vertically-integrated originator
and manager of top tier blockchains.
BLOC is listed on the Canadian Securities
Exchange (“CSE”) and its common shares trade under the ticker
symbol "BLOC." Additional information relating to BLOC is available
on SEDAR at www.sedar.com, the CSE at www.theCSE.com, as well as on
the Company's website at www.globalblockchain.io.
About X2 Games Corp.X2 Games is
a creative game studio on the frontlines of new technology and
emerging markets that will change the landscape of games played
around the world. The company currently has the following games in
its development pipeline:
St Noire: The next generation of Tabletop
Gaming, and the first immersive Alexa board game. Featuring
Hollywood-level voice-acting and immersive sound design through
Alexa, users will play the game on a premium game board, using
cards and game pieces. The game requires an Amazon Alexa speaker
and a game board to be played and leverages Artificial intelligence
speaker technology to create a cutting-edge experience.
Treasure Island: A currency-powered real-time
scavenger hunt in which players compete against each other for
real-world prizes. The game leverages blockchain technology to
create tokenized prizes that are safe and secure.
More information about X2 Games and its projects
can be found at www.x2.games
On behalf of the Company:Shidan Gouran, President and
CEOinfo@globalblockchain.io
For more information, please contact: Global Blockchain
Technologies Corp. Investor Relationsir@globalblockchain.io
1-888-983-4771
Cautionary Note Regarding
Forward-Looking Information
This news release contains “forward-looking
information” within the meaning of applicable securities laws.
Generally, any statements that are not historical facts may contain
forward-looking information, and forward-looking information can be
identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, or “believes”, or variations of such words
and phrases or indicates that certain actions, events or results
“may”, “could”, “would”, “might” or “will be” taken, “occur” or “be
achieved”. Forward-looking information includes, but is not limited
to the Company’s goal of streamlining the current arduous, lengthy
and complicated process that interested investors need to undergo
in order to gain exposure to the cryptocurrency space with a view
to becoming the first vertically integrated originator and manager
of top-tier blockchains and digital currencies. The Company has no
assets and its business plan is purely conceptual in nature and
there is no assurance that it will be implemented as set out
herein, or at all. Forward-looking information is based on certain
factors and assumptions the Company believes to be reasonable at
the time such statements are made, including but not limited to:
statements and expectations regarding the ability of the Company to
(i) successfully engage senior management with appropriate industry
experience and expertise, (ii) gain access to and acquire a basket
of cryptocurrency assets and pre-ICO and ICO financings on
favourable terms or at all, (iii) successfully create its own
tokens and ICO’s, and (iv) execute on future M&A opportunities
in the cryptocurrency space; receipt of required regulatory
approvals; the availability of necessary financing; permitting and
such other assumptions and factors as set out herein.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: risks
related to changes in cryptocurrency prices; the estimation of
personnel and operating costs; general global markets and economic
conditions; risks associated with uninsurable risks; risks
associated with currency fluctuations; competition faced in
securing experienced personnel with appropriate industry experience
and expertise; risks associated with changes in the financial
auditing and corporate governance standards applicable to
cryptocurrencies and ICO’s; risks related to potential conflicts of
interest; the reliance on key personnel; financing, capitalization
and liquidity risks including the risk that the financing necessary
to fund continued development of the Company’s business plan may
not be available on satisfactory terms, or at all; the risk of
potential dilution through the issuance of additional common shares
of the Company; the risk of litigation. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from the forward-looking information
set out in this presentation, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
information. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and the Company undertakes no obligation to
update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required
by laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
Neither the CSE nor its Regulation Services
Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this
release.
1
https://www.theverge.com/2019/1/4/18168565/amazon-alexa-devices-how-many-sold-number-100-million-dave-limp
2
https://voicebot.ai/2017/04/14/gartner-predicts-75-us-households-will-smart-speakers-2020/
3
https://www.prnewswire.com/news-releases/smart-speaker-market---global-outlook-and-forecast-2018-2023-300759261.html