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March 2, 2022, 8:50 a.m. EST

Leading Crypto Exchange Launches Gaming Unit to Drive NFT and Token Adoption

FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, March 2, 2022 /PRNewswire/ -- FTX, one of the world's largest cryptocurrency exchanges, is launching a new team called FTX Gaming that is focused on driving crypto and non-fungible token (or NFT) adoption in the gaming world. According to an FTX spokesperson, the company is launching a "crypto-as-a-service" platform through which tokens can be launched and support for NFTs within the game. The exchange's new gaming-focused team is just another example of the continued push to bring blockchain-based products into the gaming space. Companies like WonderFi Technologies Inc (neo:WNDR) (otcpk:WONDF), Voyager Digital Ltd. /zigman2/quotes/229279614/delayed CA:VOYG 0.00% (otcqx:VYGVF), DeFi Technologies, Inc. (neo:DEFI) (otcpk:DEFTF),  Hive Blockchain Technologies /zigman2/quotes/208543683/composite HIVE +13.79% /zigman2/quotes/202324457/delayed CA:HIVE +13.66% , and Riot Blockchain, Inc. /zigman2/quotes/209538617/composite RIOT +4.31% are also part of the industry-wide initiative to increase DeFi adoption in more sectors.

WonderFi Technologies Inc (neo:WNDR) /zigman2/quotes/205336191/composite WONDF +3.98% reported rapid user growth within the WonderFi community with a total of 600,000 users as of February 28, 2021. Thanks to the Bitbuy acquisition, WonderFi expects to bring 389,000 users into the ecosystem.

Since its January 25 launch, WonderFi's app has registered more than 25,000 unique visits and the average daily visits increased by 423% each week. Likewise, Bitbuy recorded a 58% increase in its new user registration in Q4 2021 compared to the previous quarter.

WonderFi will incorporate NFT support to the app in 2022 with the aim of creating a bridge between gaming and cryptocurrencies after the closing of the Sun Machine acquisition. The company aims to get more and more users to adopt blockchain technology by adding new products and integrated solutions to WonderFi .

Ben Samaroo, Chief Executive Officer of WonderFi commented: "Within a very short timeframe we have achieved over half a million users and we are focused on offering a diverse set of high quality products to those users. The strong synergies between CeFi, DeFi, gaming and NFTs provide us with a tremendous opportunity to continue to grow our user base and increase the value of the WonderFi ecosystem."

WonderFi also recently announced the launch of a new division, WonderFi Interactive Inc., which will help expand the range of products WonderFi offers for play-to-earn games and NFTs. In addition, the new division will provide a new gateway for users to the WonderFi ecosystem.

The company also announced its new acquisition of Sun Machine Entertainment Inc., a game development studio that owns the Go BIG! franchise, available for Android and iOS. The game brings approximately 200,000 users across the two operating systems into the WonderFi ecosystem. The new WonderFi Interactive division will include Go BIG!, celebrity NFT integration and new game development by 2022 with the aim of attracting more players to the WonderFi ecosystem.

The company expanded its reach significantly with its partnership with Kogan.com, to an expected 3.3 million potential customers. WonderFi believes that Kogan.com Limited, one of the largest and most popular online retailers in Australia and New Zealand, will provide support to WonderFi Technologies Inc to drive international expansion and user growth.

For more information on WonderFi Technologies (neo:WNDR) , /zigman2/quotes/205336191/composite WONDF +3.98% click here.

Booming Times for DeFi

Voyager Digital Ltd. , /zigman2/quotes/229279614/delayed CA:VOYG 0.00% one of the fastest-growing cryptocurrency platforms in the US, recently announced its revenue and user metric for fiscal Q2 2022. Revenue was $164.8 million, up over 4,400% from $2.5 million in Q4 2020. The company intends to launch an NFT product and wallet, to make viewing, acquiring, and custody for NFTs simple for the Voyager customers.

Riot Blockchain, Inc. /zigman2/quotes/209538617/composite RIOT +4.31% , a leader in Bitcoin mining and hosting reported on February 4, 2022 its January operations updates. The company is anticipating a self-mining hash rate capacity of 12.8 EH/s by Q4 2022, and provided an update on its infrastructure expansion. Riot's 400 MW expansion will include a second immersion-cooled building, alongside Building D, which is a state-of-the-art, air-cooled Bitcoin mining building.

Hive Blockchain Technologies , /zigman2/quotes/202324457/delayed CA:HIVE +13.66% a growth-oriented technology stock in the emerging blockchain industry, just announced the production figures from its global Bitcoin and Ethereum mining operations for January 2022, including 264 BTC produced, 1.87 Exhash of BTC mining capacity, 2170 ETH produced and 4.56 Terahash of ETH mining capacity. The company also revealed a BTC HODL balance of 2,043 Bitcoin and 25,404 Ethereum as of January 31, 2022.

DeFi Technologies, Inc. (neo:DEFI) /zigman2/quotes/204033748/delayed DEFTF +2.50% intends to launch an Exchange Traded Product (ETP) with SEBA Bank AG, a fully integrated, FINMA licensed, digital assets banking platform. The joint initiative will offer investment solutions in crypto assets for both institutional and retail clients. This will also expand the company's reach in more markets and with important institutional capital.

Banks have been the only financial intermediaries available for a long time, setting rules that dictate who can participate and who cannot. WonderFi Technologies Inc (neo:WNDR) /zigman2/quotes/205336191/composite WONDF +3.98%  seeks to use technology to change gaming, finance, and decentralized tools.

DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
 
 The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of WonderFi Technologies Inc.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
 
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

Media Contact:
 FN Media Group, LLC
  info@financialnews.com
 +1(561)325-8757

 

Cision
View original content: https://www.prnewswire.com/news-releases/leading-crypto-exchange-launches-gaming-unit-to-drive-nft-and-token-adoption-301493597.html

SOURCE Microsmallcap.com

COMTEX_403371914/2454/2022-03-02T08:50:06

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