BlockchainK2
Corp.
Announces
Launch
of Amplify Games and
Provides Corporate Update
Vancouver, British
Columbia - March 1, 2021 -- InvestorsHub
NewsWire -- BlockchainK2 Corp. ("BlockchainK2" or the
"Company") (TSX.V: BITK) (OTCQB: BIDCF) (FSE: KRL2) is pleased to
announce the launch of Amplify Games
Inc.
("Amplify Games"). Amplify Games
utilizes blockchain technology to
create a decentralized distribution network for digital games. This will encourage game development
outside of the current monopolistic console and game
publishing industries. The technology
platform
of Amplify
Games will
restore trust between game developers and distributors by recording
sales on a blockchain. Amplify Games will also shift the
definition of a successful game away from revenue and toward
in-game currency value or tokenization, thereby refocusing game
development efforts to benefit players.
Amplify Games
connects
game
studios, influencers/streamers
and game communities together to enable a game
from any studio to maximize its exposure.
Games
such as
"Among Us" were
amazing and creative games that initially had little traction
and only
became popular by chance. Amplify
Games' platform and network is specifically designed to
elevate digital games allowing them to
maximize exposure and
to reach
potentially millions of gamers
who can
then access, buy and play those
games.
With Amplify
Games, a game would no longer
need to be
promoted by a mega-publisher in order to become a success.
Its
technology
together with
a network
of influencers and game communities can bring the power back to the
"little guy" to allow them to do
what they
love -
design great games.
"Investor interest in video
gaming is strong and, as a publicly listed
company,
BlockchainK2 can offer traditional investors
a
way to
participate in gaming and the blockchain space. The network
effect of
an interconnected market is the thing that really drives
long term retention and exponential growth", said Sergei Stetsenko,
CEO of BlockchainK2.
BlockchainK2 is also pleased
to announce the appointment of Tony Caputo as Chief Executive
Officer and President of Amplify Games Inc., the Company's
wholly-owned U.S.
subsidiary. Mr. Caputo has deep connections with
decades of experience in the gaming industry along with strong
technical and leadership
skills
in the blockchain
technology space. As part of its leadership
team, Mr. Caputo will spearhead the development of Amplify
Games. Mr. Caputo's employment agreement provides for a
signing bonus of 60,000 shares of BlockchainK2, subject to the
approval of the TSX Venture
Exchange.
BlockchainK2 has also
retained the services of HE Capital (the "Consultant") to provide
brand awareness and digital marketing services to the Company. The
Consultant has been paid consideration of $25,000 for
a
three-month contract. The
Company and the Consultant maintain an arm's length relationship,
and the Consultant does not have any interest, directly or
indirectly, in the securities of the Company. The agreement with the
Consultant is subject to the approval of the TSX Venture
Exchange.
BlockchainK2 is no longer
proceeding with the previously announced
non-binding
letter of intent to acquire Equity Games, LLC.
About
Amplify Games Inc.
Amplify Games is a gaming technology
platform that is solving the problems of
today with technology that will empower the future of
digital
game distribution
and promotion. The platform uses
blockchain
technology to change the current studio, publisher, influencer
paradigm. This combination of the needs
within the gaming industry and the solutions that blockchain can
provide to meet those needs is what will enable Amplify Games to
take advantage of huge opportunities in the $45 billion digital games
market.
For more information on
Amplify Games, please visit www.amplifygames.io.
About
BlockchainK2 Corp.
BlockchainK2 Corp. is a
holding company investing in blockchain technology solutions for
capital markets and other sectors that can be made more efficient
through tokenization. The Company is currently invested in
RealBlocks, a technology platform for private equity, private
credit and real estate that provides tokenized secondary trading of
LP interests. The Company also has executed a joint venture
agreement with Standard Power, an industrial scale crypto currency
mining facility with very low power costs in the United States. For
information on BlockchainK2 Corp., please visit www.blockchaink2.com.
For further information,
please contact:
Sergei Stetsenko,
CEO
604-630-8746
Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding
Forward Looking Statements
This press release contains
statements which constitute "forward-looking statements", including
information concerning the intentions, plans and future action of
the Company described herein. The words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" and similar expressions, as they relate to the Company,
are intended to identify such forward-looking statements. Investors
are cautioned that forward-looking statements are based on the
opinions, assumptions and estimates of management considered
reasonable at the date the statements are made, and are inherently
subject to a variety of risks and uncertainties and other known and
unknown factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
These factors include the general risks of a public company,
currently with limited business and financial resources, as well as
those risk factors discussed or referred to in the Company's
continuous disclosure record available at www.sedar.com. Should one
or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or
expected. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements except as
otherwise required by applicable law.
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