Royal Wins Launches NFT Skill Based Game Development Demand for NFT Trading and Blockchain Games Expected to Continue Growing in 2022
Royal Wins Corporation (CSE: SKLL) (OTCQB: RYWCF) (“Royal Wins” or the “Company”), an innovative hyper-casual digital games studio with the first real-money pure skill gaming platform fully under license to the world, announces that game development of Non-Fungible Token (“NFT”) and Blockchain segments has been added as one of the main diversification and growth strategies for 2022, alongside the continued improvement of gaming platforms existing ones, geographic expansion and penetration into new gaming segments such as mobile tournaments, esports and gambling.
The company has formed a team specifically dedicated to product creation outside of core product development, which will work with leading blockchain game developer Labrys (see press release October 19, 2021) to accelerate the strategy and production for the launch of the first Royal Wins. blockchain game product on HTML5.
Royal Wins’ first-ever blockchain NFT game, slated for release in the second half of 2022, will be designed to target Gen Z and to meet the growing interest from gamers across Asia that has largely fueled the growth and popularity of NFT sales and blockchain games. nowadays.
Royal Wins COO and Director Robert Fong commented: “NFTs are exploding in popularity with trading volumes eclipsing their own quarter-over-quarter records. Play-to-earn gaming models that allow players to invest in NFTs are in high demand. model fits very well with our overall games strategy, so we have decided to accelerate this side of our business. the United States with a diverse suite of gaming platforms that we currently offer.Even though the United States is now second in the world in terms of overall NFT traffic, the country has still registered over 175,000 new users in the NFT ecosystem so far in 2022, a growth of around 38% compared to November 2021. This is partly due to the growing interest of young audiences as Millennials and Gen Z begin to r get a higher percentage of traffic.”
Blockchain Gaming and NFT Market in 2021
Non-fungible token trading and blockchain gaming proved less susceptible to global cryptocurrency trends in 2021. According to reports from DappRadar, NFT transactions continued to rise amid falling cryptocurrency prices. crypto and the number of unique active (“UAW”) wallets connected to Ethereum NFT DApps has increased by 43% since the third quarter of 2021.
DappRadar also reports that money generated from NFT trading increased from $10.7 billion in Q3 2021 to $11.9 billion at the end of Q4 2021, and blockchain games continue to be in high demand. , accounting for 52% of industry usage. The expansion of metaverse developments alongside the growing success of the play-to-earn model has also strengthened the case for the continued growth of blockchain games throughout 2022.
The growing interest in NFTs and blockchain games during this market downturn can be partly attributed to the Chinese public, boosted by recent government announcements that the country will soon start developing its own non-crypto NFT industry.
China is now considered the largest NFT user base with a 166% increase in registered users so far in 2022 compared to November 2021, when the United States dominated in terms of traffic in 2021.
About Royal Wins Corporation
Royal Wins is an innovative digital game studio pioneering pure skill gaming with real money prizes available on mobile casual games. Established in 2014, we design, develop and operate real money games of skill to disrupt and dominate the online gambling space, so all players of legal age can play and win changing jackpots and prizes life based on their skills rather than pure chance and luck. Our core innovation and intellectual property focuses on solving big data issues regarding game mechanics of skill, cash prize balancing algorithms, game difficulty modules, and maintaining payout percentages. player rewards.
Royal Wins has released a suite of pure skill mobile games on Android and iOS mobile/tablet platforms.
Royal Wins is listed on the Canadian Securities Exchange under the symbol SKLL and on the OTCQB under the symbol RYWCF.
For more information please contact:
Royal Wins Corporation
Telephone: 1 647 249 9299 ext. 305
Email: [email protected]
Statements in this press release that are forward-looking statements are subject to various risks and uncertainties regarding the specific factors disclosed herein and elsewhere in the Company’s filings with Canadian securities regulators. When used in this press release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should” and similar expressions are considered to be forward-looking statements.
Forward-looking statements may include, but are not limited to, statements regarding unaudited financial results and projected growth of the Company. Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there may be other factors that cause the results , performance or achievements are not as expected, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; invest in target businesses or projects that have limited or no operating history and are subject to inconsistent laws and regulations; changing laws; dependence on management; additional funding requirements; competetion; hinder market growth and state adoption due to inconsistent public opinion and perception of the gaming industry and; regulatory or policy change.
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Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this release. Royal Wins Corporation disclaims any intention or obligation to update or revise this information except as required by applicable law, and the Company assumes no responsibility for the disclosure relating to any other company mentioned herein.
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