ShockWork Games SA: Expanding the scope of Shockwork Games SA to cover NFT games

FINANCIAL CONTROL COMMISSION
Expanding the scope of Shockwork Games SA to include NFT games
Article 17 sec. 1 MAR – confidential information.
The Board of Shockwork Games SA (“Issuer”) announces its decision to expand the activities of the Issuer to include NFT games.

After analyzing its powers and capabilities, the new Issuer’s Board of Directors decided to enrich the games created by the Issuer with NFT elements in particular and to create new games based on blockchain, such as NFT games. The target economy for games developed by the issuer will be a “game-win” model.

NFT (non-fungible token) is a unique and unchanging digital resource (token) based on blockchain that has a unique value and cannot be the same as any other NFT token. The NFT token cannot be copied – its security is based on the blockchain. NFT tokens serve as proof of authenticity and cannot be transferred without the consent of the current owner. These features have been used by game developers in 2021, which will be of great interest to gamers. NFT-based Play-to-Win games allow each player to increase the value of their assets used in a particular game. As a result, the more time you spend on the game, the more asset value can be created, which in turn allows you to sell and buy in-game items as you wish: payment instruments are usually digital currencies such as game tokens or ethereum. , which in turn can be sold in fiat currencies such as zloty or euro. The most popular and popular NFT game is Axie Infinity, released in 2018 by the Vietnamese studio Sky Mavis. In October 2021, the number of active users of the game exceeded 2 million per day, while in April 2021 it was only 38,000. According to the BGA Blockchain Game Report, Axie Infinity became the best-selling NFT collection, earning more than $ 2.5 billion in the third quarter of 2021, surpassing collections such as CryptoPunks and NBA Top Shot.

In order to sell its NFT games as soon as possible, the Issuer has already carried out a preliminary analysis of the transfer of previously released titles to the blockchain world and the possibility of using NFT in them. According to the issuer, in particular, the already released game Alder’s Blood can be enriched with NFT elements at a relatively low cost, and Alder’s Blood 2 can be developed and published as an NFT game.

Shockwork Games’ initial release plan for 2022 includes the release of at least two NFT games – once every six months. In addition, the Issuer plans to release a “traditional” game in 2022, ie Your Majesty the Dead.

The issuer’s plan also envisages cooperation with independent development groups, which offer to partially finance production costs and solve the problem in a profit-sharing model. In such a model, the Issuer acts as a mentor and promoter, which significantly reduces the Issuer’s financial risk. Negotiations with the first development team began before the publication of this report. The issuer plans to release at least two NFT games in 2022, developed by independent development teams. In addition, negotiations have already begun with a foreign development group to develop a higher-budget game, production of which should begin in the first half of 2022.

To reduce the risk associated with the production of new games, the Issuer has partnered with organizations with expert knowledge in the field of NFT. A trailer will be prepared for each game to test the interest of potential players in the game. The issuer intends to build an ecosystem of investors, social networks, subcontractors and NFT market experts who want to make the best use of the potential of the NFT games market to minimize the risks associated with the production of new headlines.

The Shockwork Games Board expects production plans to change constantly in response to the ever-changing situation in the gaming market and signals from developers or players. The issuer is analyzing the possibilities of opening its NFT games to the mobile world.

The Management Board notes that the decision to expand the Issuer’s scope of operations to include NFT games was made after an analysis of existing powers and opportunities and in consultation with experts with expert knowledge in the field of NFT. As a small, independent development studio, the Issuer’s goal is to take advantage of favorable market conditions and build a strong position in a new and promising market.

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