Dynamic Partners completes Quanta’s strategic review
Dynamic Partners has completed its previously announced strategic review of Quanta, and has presented its results and recommendations to Quanta’s board of directors.
As a result, Quanta’s board has made the decision to implement the following changes, with immediate effect:
Business focus – Quanta will implement the recommended strategy to expand its activities with a focus on b2b moving forward. b2c operations will continue from IOM and via its subsidiaries but Quanta Technology will focus on providing b2b solutions to governments and operators in regulated markets. This means Quanta will look to take greater advantage of its current and future flexible blockchain-based gaming solutions beyond its own operations, expanding the company’s potential reach.
Product development – Agile development practices will be adopted which will help to focus and accelerate development times. Quanta’s product roadmap will be focused on short to medium-term deliverables and all development will be strategically and business focused to ensure commercial potential is established and realised with much greater effectiveness moving forward. All products will be developed in such ways as to increase the potential for blockchain in gaming whilst reducing barriers to entry for non-crypto participants. Quanta will create product generating platforms that can be expanded to multiple use cases.
Myquanta.im – Quanta’s b2c lottery brand and operation will be significantly enhanced for greater user friendliness in terms of onboarding and participation. The crypto barrier will be reduced so that participation is currency agnostic (whilst also accepting QNTU and crypto) and new games will be added much more rapidly. Quanta will continue to use and promote the participation in Randao in the generation of lottery results and intends to scale and make the participation in Randao much more user-friendly moving forward. Once the product improvements are implemented focus will be given to rapidly scale users.
Senior management – The board has requested for all members of the existing senior management team to stand down and is in the process of appointing new senior management that it feels are better suited to implement the recommended changes and to take Quanta forward in its next stage of evolution and growth.
Quanta statement: “This strategic review has been an essential exercise for us to make sure that we have the right strategic vision, appropriate plans in place to achieve that vision and the right team and resources to deliver those plans. It has been a challenging 6 weeks but we feel we are now on the right path to significant growth and are excited about the future. Our focus is on our licensed lottery technology and operation but we see a very exciting future ahead as we introduce more solutions that have the potential to further enhance the gaming ecosystem.”
“Quanta has fantastic potential,” commented Harmen Brenninkmeijer, Managing Partner of Dynamic Partners. “We have identified some really exciting areas of growth and once Quanta has completed its period of adjustment we are confident we will start to see a real advance in Quanta’s intention to continue to pioneer the use of blockchain in gaming as a means to enhance the potential of gaming technology whilst lessening barriers to entry.”
Quanta is a pioneer in the development of blockchain solutions for gaming. In 2017, the company launched the first licensed blockchain lottery, fully utilising blockchain together with its NMI-certified random number generator, Randao, which is entirely built and operated on blockchain. Quanta’s utility token, QNTU trades on six renowned cryptocurrency exchanges including HitBTC and Bit-Z.
About Dynamic Partners:
Dynamic Partners is a Hong-Kong based consultancy that is operated by a group of highly experienced gaming industry experts with decades of experience across a wide range of jurisdictions, with true root and branch understanding of the global gaming industry as suppliers, operators, executives, financiers and investors.
IPO Bound Yudiz Solutions gets DRHP nod, set to invest approx. 80 Million INR to launch world class gaming studio and multi-gaming platform
IPO bound Yudiz Solutions Ltd, a blockchain, AI, and gaming focussed enterprise technology company has received an NSE approval for an SME IPO. With this approval, the company is set to invest approx 80 Million INR to set up a gaming studio and a multi-gaming platform. The game studio will aim to produce over 40 games in a year.
Yudiz Solutions, which is already known to develop apps, will now be the first game developers to be publicly listed and have its own publishing platform.
The new Yudiz game studio will focus on creating high-quality games for multiple platforms. These games will leverage Yudiz’s cutting edge technology solutions and in-house expertise to design and develop the games. They will also develop games for other publishers and will also allow other developers to publish games on their new publishing platform. This will be the only gaming company to develop and publish their own and others games as well.
Bharat Patel, Chairman & Director, says “The new business ventures will enable sectoral growth, provide us with the necessary resources to drive innovation, expand our game portfolio, elevate the gaming experience and develop gamer communities. It will also enable us to forge strategic partnerships, attract top talent, and cement our position as strong contenders in the space”
With an EBITDA of 21.77% for FY 22-23, and a CAGR of 42.34% for the past three years, Yudiz also has a PAT of INR 2.75 CR in FY 22-23. With the recently approved DRHP the company will offload a public issue consisting of a fresh 27,17,600 equity shares.
Headquartered in Ahmedabad and is recognized as a global IT services providing solutions in AI/ML, AR/VR, IoT, as well as Blockchain, mobile app and web development across North America, Europe and Asia region. Yudiz is set to disrupt the market with their innovative solutions and products. MPL, Zydus, RR Kabel, IRM Energy, SportsBuzz are some of their clients.
Blockchain Technology: A Game Changer for Online Gaming?
The world of online gaming is in a state of constant evolution, with emerging technologies playing a significant role in shaping the future of the industry. One such technology is blockchain. Known primarily as the backbone of cryptocurrencies like Bitcoin, blockchain’s potential extends far beyond digital currencies. Its potential in the realm of online gaming is particularly intriguing and stands to dramatically reshape the industry.
Understanding Blockchain and its Relevance to Online Gaming
Blockchain technology is a decentralized digital ledger that records transactions across multiple computers. This decentralization ensures the data’s security and transparency. For the online gaming sector, blockchain’s promise lies in its ability to offer a higher degree of fairness and transparency — a crucial aspect for games such as online slots, where players need to trust the system’s impartiality.
Instilling Trust and Enhancing Fairness
In traditional online gaming platforms, players used to place their trust in gaming operators, believing that the system was fair. The introduction of blockchain disrupted this model by allowing the game mechanics to be audited and verified by the players themselves. This level of transparency is possible because the blockchain is a public ledger, where all transactions and changes are recorded and accessible to anyone. Through this, the players can verify the fairness of in-game purchases, loot drops, and even the randomness of outcomes in games, directly reducing the potential for unjust practices. Moreover, the use of blockchain technology also provides enhanced security, reducing the risk of fraud and hacking that can be rampant in traditional online gaming platforms.
Cryptocurrencies and the New Gaming Economy
The integration of blockchain technology in online gaming extends beyond fairness, opening the possibility of using cryptocurrencies for transactions. Cryptocurrencies, with their swift, secure, and low-cost transactions, could revolutionize how players purchase in-game items or credits. Furthermore, blockchain could facilitate true ownership of these digital assets, allowing players to trade them freely on blockchain marketplaces.
The Rising Popularity of Decentralized Gaming
Blockchain’s influence is already visible in the emergence of decentralized gaming — games built entirely on blockchain technology. These games allow players to have complete ownership of their in-game assets, which can be traded or sold independently of the game. This not only enhances the gaming experience but also opens up new economic opportunities for players.
Non-fungible Tokens (NFTs) and Gaming
The rise of non-fungible tokens (NFTs), a byproduct of blockchain technology, presents another exciting avenue within the gaming sector. NFTs are unique digital assets that can represent ownership of a particular item or piece of content. In online gaming, NFTs can be used to represent a piece of evidence for assets, such as: characters, equipment, or even virtual real estate.
Future Potential and Challenges
The adoption of blockchain in the online gaming industry is still in its infancy, but the potential is enormous. However, like any disruptive technology, blockchain isn’t without its challenges. Issues such as scalability, regulatory acceptance, and technical complexity need to be addressed for its widespread adoption.
Blockchain technology’s potential to create a more transparent, fair, and user-friendly online gaming experience is undeniable. As the industry continues to explore and embrace this technology, both players and gaming companies stand to reap significant benefits. Navigating the challenges and leveraging the opportunities, blockchain might indeed become a game-changer in online gaming’s evolutionary journey.
BetConstruct Introduces Revolutionary Game Built on Blockchain Technology
BetConstruct presents Alligator Validator – the first-ever game entirely based on blockchain technology.
Alligator Validator, the one-of-a-kind game where all transactions are made using blockchain technology, is promised to be among the biggest innovations in the current iGaming market. The game is an explosive combination of fresh and vivid graphics, cutting-edge game mechanics and brand-new payment systems built on blockchain technology.
The blockchain technology adds extra security and transparency to the game – not requiring any centralised third parties to control the flow of funds and being processed independently by the smart contracts.
It is also a perfect addition for all Bahamut validators, as it gives an opportunity to improve validators’ positions and earn block rewards for helping to secure the network. Validators play an important role in securing the network by showing activity and validating blocks using the PoSA consensus mechanism. Thus, validator-partners who enable the game on their platforms not only add a unique and thrilling game to their catalogue but also maximise their ROI.
BetConstruct believes the innovation will shape the future of the iGaming market and make crypto games more accessible to a larger audience. Thanks to its fresh and distinctive premise, Alligator Validator will breathe new life into the player experience and help partners earn huge rewards for helping secure the network.
Add the game to your catalogue, and don’t miss the chance to become one of the first to encounter the new reality of iGaming!
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