via NewMediaWire --
NextPlay Technologies, Inc.
(NASDAQ: NXTP), a digital native ecosystem for finance,
digital advertisers, and video gamers, updates shareholders on
continuing progress made by its HotPlay in-game
advertising group and game studio towards commercial launch.
Progress includes the expected commercial release
of HotPlay 2.0 in calendar 2022, which, when released, will offer
new powerful advertising and real-world rewards delivery technology
to HotPlay partners and business customers. HotPlay 2.0 has been
designed to strengthen its integration capabilities and
deep-linking support for games via a generational update of its
Unity SDK for iOS, Android, Android TV, and HTML5.
The upcoming HotPlay 2.0 release will feature
online management portals for advertisers and publishers, and new
apps for consumers and players, including a HotPlay Reward
Redemption native mobile app for iOS and Android. HotPlay 2.0 will
be rolled out initially to select partners in preparation for the
global launch through our connected ecosystem.
To showcase our HotPlay IGA technology and
generate near-term revenue, our in-house game development studio
has recently released a trio of new titles:
In Monster Practice!, players progress through
various stages of increasing difficulty, each featuring its own
"monster" opponent to defeat with a variety of throwing weapons
that can be unlocked with digital coins. Every five stages, players
will encounter a boss opponent to beat. Score leaderboard and
pick-up items, as well as unlock shop, are intended to keep players
coming back for more.
In Dizzy Dots, players compete for higher scores
by attempting to grab the most pick-ups as they fall downward
across the game board. Special booster items add depth and ways to
reach higher scores. Characters and environments can be unlocked by
collecting coins.
In Skyline Stack, the game challenges players to
construct the highest tower. Leaderboard positions, characters and
environments can be unlocked by collecting pickup items and higher
scores.
These hyper-casual titles integrate both HotPlay’s
IGA Ads and IGA Rewards, as well the studio's Pecan Universal UI.
Pecan UI, a universal cross-platform UI package, is itself a
significant achievement, offering much reduced development times
for any interested third-party game developers who wish to create
hyper-casual games and join HotPlay’s IGA ecosystem. Game studios
simply add the Pecan UI package to their project to enable
convenient custom settings to deliver a full, consistent user
experience in a matter of hours.
Pecan’s UI library delivers the following screens
for any score-based, coin-economy hyper-casual
games:● Main Menu●
Game Settings● Tutorial
Screens● Gameplay
Pause● Gameplay Game
Over● Animated Solo
Leaderboard● IGA Ads & Rewards
The current in-house game portfolio is being
integrated and made available on the goPlay publishing platform,
which already has 37 hyper-casual games on it. These 37 games are
also in the process of being IGA-integrated.
“Our recent development progress brings HotPlay
in-game advertising solution to the next commercially ready level,
where it now has become easy for our commercial partners,
advertisers, game developers and game publishers alike to adopt our
solution. This is expected to enable HotPlay to rapidly ramp up
commercial activities in which we already have a pipeline of
several telco and entertainment platform providers with an
aggregated number of subscribers of over 100 million in active
discussions,” commented NextPlay’s co-CEO and principal executive
officer, Nithinan ‘Jessie’ Boonyawattanapisut.
About NextPlay Technologies NextPlay
Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company
offering games, in-game advertising, crypto-banking and banking
services to consumers and corporations within a growing worldwide
digital ecosystem. NextPlay’s products and services utilize
innovative AdTech, Artificial Intelligence and Fintech technologies
to leverage the strengths and market channels of its digital
ecosystem. For more information about NextPlay Technologies,
visit www.nextplaytechnologies.com and follow us
on Twitter@NextPlayTech and LinkedIn.
Forward-Looking StatementsThis press
release includes “forward-looking statements” within the meaning
of, and within the safe harbor provided by the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements give our current expectations, opinions,
belief or forecasts of future events and performance. A statement
identified by the use of forward-looking words including “will,”
“may,” “expects,” “projects,” “anticipates,” “plans,” “believes,”
“estimate,” “should,” and certain of the other foregoing statements
may be deemed forward-looking statements. Although the Company
believes that the expectations reflected in such forward-looking
statements are reasonable, these statements involve risks and
uncertainties that may cause actual future activities and results
to be materially different from those suggested or described in
this news release. Factors that may cause such a difference include
risks and uncertainties including, and not limited to, our ability
to negotiate and enter into definitive agreements with those
parties that we have entered into preliminary non-binding
agreements with; our ability to effectively and efficiently
integrate our recently acquired assets into our business; our need
for additional capital which may not be available on commercially
acceptable terms, if at all, which raises questions about our
ability to continue as a going concern; current regulation
governing digital currency activity is often unclear and is
evolving; the future development and growth of digital currencies
are subject to a variety of factors that are difficult to predict
and evaluate, many of which are out of our control; the value of
digital currency is volatile; amounts owed to us by third parties
which may not be paid timely, if at all; certain amounts we owe
under outstanding indebtedness, which are secured by substantially
all of our assets and penalties we may incur in connection
therewith; the fact that we have significant indebtedness, which
could adversely affect our business and financial condition;
uncertainty and illiquidity in credit and capital markets which may
impair our ability to obtain credit and financing on acceptable
terms and may adversely affect the financial strength of our
business partners; the officers and directors of the Company have
the ability to exercise significant influence over the Company;
stockholders may be diluted significantly through our efforts to
obtain financing, satisfy obligations and complete acquisitions
through the issuance of additional shares of our common or
preferred stock; if we are unable to adapt to changes in
technology, our business could be harmed; if we do not adequately
protect our intellectual property, our ability to compete could be
impaired; our business is susceptible to risks associated with
international operations; unfavorable changes in, or
interpretations of, government regulations or taxation of the
evolving Internet and e-commerce industries, which could harm our
operating results; risks associated with the operations of, the
business of, and the regulation of, Longroot and NextBank
International (formerly IFEB); the market in which we participate
being highly competitive, and because of that we may be unable to
compete successfully with our current or future competitors; our
potential inability to adapt to changes in technology, which could
harm our business; the volatility of our stock price; and that we
have incurred significant losses to date and require additional
capital, which may not be available on commercially acceptable
terms, if at all. More information about the risks and
uncertainties faced by NextPlay are detailed from time to time in
NextPlay’s periodic reports filed with the SEC, including its most
recent Annual Report on Form 10-K and Quarterly Reports on Form
10-Q, under the headings “Risk Factors”. These reports are
available at www.sec.gov. Other unknown or unpredictable factors
also could have material adverse effects on the Company’s future
results and/or could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements. Investors are cautioned that any
forward-looking statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected. The forward-looking statements in this press release are
made only as of the date hereof. The Company takes no obligation to
update or correct its own forward-looking statements, except as
required by law, or those prepared by fourth parties that are not
paid for by the Company. If we update one or more forward-looking
statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking
statements.
SOURCE: NextPlay Technologies, Inc.
Company Contacts:Richard MarshallDirector
of Corporate DevelopmentNextPlay Technologies, Inc.Tel (954)
888-9779Email: richard.marshall@nextplaytechnologies.com
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