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Hong Kong’s Alphaslot Brings the Blockchain Revolution to Millions in Digital Entertainment Gaming

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Hong Kong's Alphaslot Brings the Blockchain Revolution to Millions in Digital Entertainment Gaming
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The Global Digital Entertainment Summit 2018 (the “Summit”), jointly organised by China’s Sina Games and Macau’s MGS Entertainments Show, was successfully held in The Venetian Macao Resort Hotel from 13 to 15 November, with “New Era — Innovative Technology & Intellectual Entertainment” as its theme. The Summit invited Hong Kong’s Alphaslot and top Chinese technology companies such as Huawei, Sina, and NetEase. As Hong Kong’s sole representative, Alphaslot is taking its core blockchain technology to revolutionise the industry ecosystem of the popular tourism hotspots, which have over a hundred million people visiting annually, such as Macau, Singapore and Las Vegas, by bringing a brand new, professional and unique insight to the industry.

Headquartered in Hong Kong and the Greater Bay Area, Alphaslot‘s team comprises technology experts and university professors from both China and abroad, as well as the advisory team that includes entertainment gaming groups and investment funds from Europe and the US. Currently, the product development has successfully entered the testing stage. At the summit, Mr. Raymond Chan, CEO of Alphaslot, delivered a talk on “How can blockchain technology change the gaming world”, where he described the future development of the US$200 billion entertainment gaming business, and conducted a demonstration of the blockchain-based product.

The size of the global gaming market is expected to exceed US$130 billion in 2018, of which more than half comes from e-sports and social interaction games, representing a year-on-year growth of 25%. Gaming entertainment, also a sizeable entertainment industry, recorded a revenue of US$129 billion in 2016. With the ever-growing trend of globalisation in e-sports, it is expected that there will be an explosive growth in the number of gamers. With e-sports and gaming entertainment possessing similar stimulating and competitiveness, Alphaslot combines these two aspects in terms of gaming formats, players and marketing via blockchain in order to enhance the industry’s competitiveness.

At the Summit, Mr. Raymond Chan, CEO of Alphaslot, said, “The global gaming entertainment industry is set to climb to US$200 billion. New technologies such as 3D and VR are widely applied in the industry, but the market remains frustrated in its efforts to develop new clientele. The rise of blockchain technology, however, will break these hurdles and usher the global entertainment gaming industry into a new interactive era. Currently, communication difficulties among the interchain still persist in blockchain technology, plagued with issues such as slow transaction processing and low capacity. In addressing these issues, Alphaslot provides a brand-new solution while serving as the bridge that allows blockchain mutual support and transaction, effectively consolidating e-sports and all entertainment gaming venues, integrating the online virtual environment with the physical environment, creating a world of entertainment with 100 million participants annually.”

As for the company’s development strategy, digital assets are also an important aspect of Alphaslot’s development. Traditionally, digital assets are fully owned by game developers, but with blockchain technology, it is possible to truly achieve player ownership of in-game digital assets such as tools, gifts and avatars. In the future, the players may be able to take their e-pets to offline arenas and engage in competition with other players, or even integrating their collections of various assets earned in different arenas…such forms of O2O exchange is made possible on the Alphaslot blockchain entertainment platform.

 

About Alphaslot:

Alphaslot is a Hong Kong company focused on blockchain technology. Our management team has solid experience in gaming technology development, channel distribution and compliance assessment. Alphaslot achieves the application of the token economy with the use of blockchain, and will gradually expand to relevant businesses such as e-sports and the management and regulation of the digital asset market. Alphaslot has now obtained backing from several top funds, including Sora Ventures, and follows the footsteps of Japanese gaming giants Sega-Sammy and KONAMI as the third Asian technology company to join the U.S. GSA, as well as being the first blockchain technology company to be a member of GSA. In future, Alphaslot and GSA will work with government regulatory authorities, continuously driving the development of blockchain in the entertainment industry.

Company website: www.alphaslot.io

 

Source: Alphaslot

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Nazara acquires 100% Ownership of Paper Boat Apps via additional INR 300 Crores investment; to Drive Global Expansion of Kiddopia

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Nazara to bring core gaming IP in-house, to consider merging Paper Boat Apps into the company

Nazara Technologies Limited (BSE: Nazara), today announced the acquisition of additional 48.42% stake in Paper Boat Apps Pvt. Ltd (PBA) from its promoters Anupam and Anshu Dhanuka for a sum of INR 300 crores to be paid in cash in tranches to take its ownership in PBA to 100%.

Paper Boat Apps is the developer and publisher of popular children’s digital gamified learning app ‘Kiddopia’ which is the #3 grossing app for children between 2-8 years of age in the United States of America.

Nazara will also consider merging Paper Boat Apps into the company at the appropriate time to bring home one of the world’s most popular kids gamified learning IP ‘Kiddopia’. This step will allow Nazara to benefit from healthy cash flows that can be reinvested for organic as well as inorganic growth.

Since Nazara’s acquisition in 2019 of a 50.91% stake in Paper Boat Apps, Kiddopia has scaled up significantly and become a much-loved franchise among children globally.

Paper Boat Apps posted a consolidated revenue of INR 219.4 Crores and an EBITDA of INR 56.1 Crores in FY24, with a net cash balance of INR 155.74 Crores as of March 2024.

Nazara aims to execute a multi-pronged strategy to drive growth and expansion of the Kiddopia franchise through IP licensing and integration, global market expansion, deeper synergies within its network, and additional revenue streams including merchandising, video, and advertising revenues, in addition to the current model of subscription revenues.

Nitish Mittersain, CEO and Joint Managing Director of Nazara Technologies, said, “At Nazara, we believe an IP such as Kiddopia has immense potential that can be unlocked through several new initiatives and acquiring full ownership underscores our commitment to intensifying our efforts in the gamified learning sector.”

He added, “Nazara is quickly becoming the go-to platform for entrepreneurs in the gaming, sports, and entertainment sectors globally to access opportunities to scale up and generate liquidity for themselves along the way, as exemplified by this transaction.”

Anupam Dhanuka, Promoter of Paper Boat Apps, remarked, “It has been an incredible journey developing Kiddopia into a beloved app for children and parents worldwide. Following the majority acquisition by Nazara, Kiddopia has scaled tremendously, and we are pleased to see it find a permanent home within Nazara. We believe that Kiddopia has significant potential for future growth, and Nazara is well-positioned to elevate it to the next level. We wish Nazara and the entire Kiddopia team the best of luck in their future endeavours.”

 

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BGMI MASTERS SERIES SEASON 3 SET TO LAUNCH WITH EXCITING NEW INITIATIVES

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The BGMI Masters Series (BGMS), India’s premier esports tournament, is back with its highly anticipated third season. Season 3 will begin on Friday, July 19 at 7:00 PM and will run until August 11 on the Star Sports Network. This season promises to be the most thrilling yet, with several innovative features for an esports experience like never before.

Broadcast Schedule:

  • Monday to Saturday: 7:00 PM – 9:00 PM
  • League week Sundays; Playoff & Finals: 6:30 PM – 9:00 PM

Channel Mix:

Fans can catch all the action on Star Sports 2 (HD & SD) in English and Star Sports First in Hindi. Fans will also have the option to switch to Tamil & Hindi commentary on SS2 using the blue button.

Digital Streaming:

The entire BGMI Masters Series will also be streamed on Star Sports & Nodwin Gaming’s YouTube, making it accessible to a broader audience.

Exciting New Features for Season 3:

  1. Powerplay:
    • Returning from Season 2 to make the game action-packed from the get-go, this feature rewards double the points to squads for each finish they achieve in the first circle of each match.
  2. Impact Player:
    • For the first time, , the in-game leader will conduct a random draw to select the Impact Player. This player will earn double points for each finish.
  3. Bounty:
    • Also debuting this season, the top 4 teams based on the standings of the league week’s first match will carry a bounty. In subsequent matches, the top 4 teams overall will carry a bounty, with ten bounty points awarded for wiping out an entire squad.

Impact and Reach:

Over the first two seasons, BGMS has garnered an impressive reach of over 100 million across linear and digital platforms. As the biggest esports IP in the country, BGMS continues to play a pivotal role in bringing esports into the mainstream.

Fan Engagement Initiative: Play with the Masters:

BGMI fans now have the unique opportunity to play the game directly with top BGMI gamers featured in BGMS everyday through the ‘Play with the Masters’ initiative. This exciting feature, introduced by Star Sports and Nodwin Gaming, encourages viewers to follow Star Sports’ & Nodwin Gaming’s social handles and tune into the BGMS broadcast for updates on how to participate.

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Skyesports Championship 2024 – Counter-Strike 2 to take place at Taj Lands End Mumbai, 12 teams to battle it out for $300,000 prize pool

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Skyesports, a premier global IP and community builder for gaming and esports, has unveiled the venue for the anticipated Skyesports Championship 2024, a $300,000 Counter-Strike 2 esports tournament. The event, featuring 12 teams, is set to happen at the Taj Lands End in Mumbai, India from July 23 to 28.

Commenting on the tournament, Shiva Nandy, Founder and CEO of Skyesports, said, “We are thrilled to welcome international teams to India for the $300,000 Skyesports Championship. This event, at the Taj Lands End in Mumbai, is among the most significant ones of our 2024 Counter-Strike esports roadmap. As we position Skyesports’ IPs for new audiences, this tournament is a crucial milestone for our long-term plans in the game. Our vision of bringing international teams to India to participate in our IPs is coming true, and we are setting a platform to establish India as a global hub for esports. This is a pivotal moment in putting India on the global esports map.”

The Skyesports Championship will happen across two stages: the Group Stage and the Playoffs. The Group Stage will take place from July 23 to 25 with the 12 teams split into two groups of six teams each. Each group will compete in a single round-robin format with the top three teams advancing to the Playoffs. The group stage will adopt a “semi-LAN” format where the teams will be competing from remotely set-up bootcamps at the Taj Lands End.

The Skyesports Championship 2024 Playoffs will move to the main stage at the Taj Lands End, where the six teams will battle it out in a single-elimination bracket for the title of champions on July 27 and 28. Additionally, there will be a lot of surprises set for fans in the Skyesports Championship 2024.

The complete list of teams is as follows:

● Aurora Gaming
● AMKAL Esports
● BetBoom Team
● Bleed Esports
● DMS
● ENCE
● Eternal Fire
● Parivision
● Revenant Esports
● The MongolZ
● 3DMAX
● True Rippers Esports

Aurora Esports, the Serbian champions of the previous international Skyesports events—the $350,000 Skyesports Masters 2024 and the Skyesports Grand Slam 2024 in Pune, India—are once again traveling to the country, aiming for the throne. Joining them are Turkey’s Eternal Fire, Mongolia’s The Mongolz, and formidable European teams such as ENCE, Bleed Esports, and Revenant Esports.

Additionally, open qualifiers for Europe and India were held, granting two direct slots for the Skyesports Championship 2024 Main Event. True Rippers will be representing India, while 3DMAX have secured the European qualification for the event.

Fans can catch all the action live on the Skyesports YouTube and Twitch channels. The tournament will be broadcasted in several languages, including English, Hindi, Russian, Portugal, and Mongolian – a testament to the global nature of the Skyesports Championship IP.

The Skyesports Championship is India’s longest-running homegrown esports IP. The tournament was introduced in 2018 as a regional competition for South India. Since then, it has grown manifolds year-over-year to become one of the most prominent esports events in the 2024 calendar.

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