Ann: ICI Acquires Gameconomy, leading Backend Tech Developer, page-25

three articles yesterday! exciting time for ICI:

1) iCandy Interactive to acquire majority stake in Gameconomy as part of global gaming ‘power house’ strategy. By Lorna Nicholas - January 14, 2022

"With iCandy’s support, Gameconomy will launch a metaverse-related real-time player-versus-player game in the first half of this year.

"Gameconomy has been developing metaverse-related technologies and is working with private and public clients to advance smart contracts technologies."

"Metaverse PVP game

As part of the deal, iCandy will provide resources to assist Gameconomy in launching a new metaverse-related real-time PVP game in the first half of this year.

It is planned the game will incorporate mechanics for character improvements and growth, as well as environmental attributes and characteristics.

“The game also features a highly integrative feature that allows gamers to interchange in-game assets,” iCandy noted.

Rationale for acquisition

According to iCandy, acquiring 60% of Gameconomy is an “attractive opportunity to enhance shareholder value”.

It is expected Gameconomy will improve iCandy’s backend tools and capabilities and boost its venture into metaverse gaming.

Gameconomy’s experienced developers are expected to “contribute significantly” to iCandy’s creating AAA games for the metaverde"

https://*********.com.au/icandy-interactive-acquire-majority-stake-gameconomy-global-gaming-power-house-strategy/

(HC makes the link not work)

2)iCandy plans entry into metaverse with gaming backend tech deal

"New metaverse-related PVP game

The deal will spearhead iCandy’s entry into the metaverse, which is attracting the attention of investors and companies globally.

The metaverse is already worth ~US$22 billion and forecast to grow at a staggering CAGR of 41.7% between now and 2030.

Most recently, Facebook changed its name to Meta and has been making a big deal about transitioning from a social media to metaverse company, with founder Mark Zuckerberg detailing his ambitious plan to “build the metaverse”.

Gameconomy and iCandy will work together on an innovative metaverse-related real-time player-versus-player (PvP) game with plans to launch in the first half of 2022.

The game will incorporate various gameplay mechanics that account for character improvements and growth, along with environment attributes and characteristics.

It will also have a highly integrative feature that allows gamers to interchange in-game assets.

Gameconomy has been developing metaverse-related technologies and is working closely with private and public clients to develop smart contracts technologies.

Adding to value chain

iCandy believes business synergies between the two companies will enhance its venture into metaverse gaming by improving iCandy’s gaming backend tools and capabilities along with adding to its talent base.

Gameconomy’s experienced team of developers will become part of iCandy’s resources, which is expected to contribute significantly to iCandy’s vision of creating AAA games for the metaverse."

https://unauthorised investment advice/tech/icandy-plans-entry-into-metaverse-with-gaming-backend-tech-deal/
(HC makes the link not work)

3)iCandy (ASX:ICI) to acquire 60pc of Gameconomy

https://themarketherald.com.au/icandy-asxici-to-acquire-60pc-of-gameconomy-2022-01-14/