Good
Gaming Inc. Announces Record 3rd
Quarter
And Nine Month Year To Date Revenues
The
Company Finalizes The Terms of Service For MicroBuddies™ As It
Draws Closer To The Mainnet Launch Of Its First To Market
Blockchain NFT Game
KENNETT
SQUARE, PA -- November 15, 2021 -- InvestorsHub NewsWire -- Good
Gaming, Inc. (OTCQB:GMER)
("Good Gaming" or the "Company") is pleased to announce record
3rd
quarter
revenues and year-to-date (YTD) revenues as it prepares for the
mainnet launch of its
MicroBuddies™ NFT
game.
For its
3rd
quarter,
the Company
posted revenues of $269,355 vs $2,554 for the prior year's
3rd
quarter
results. This represents a $266,801 increase in year-over-year
quarterly revenues. Nine-month YTD revenues have increased to
$329,885 vs $7,880. This represents an increase in year-over-year
YTD revenues of $322,005. Overall increases in revenues are
attributable to increased sales of its limited-edition Nano Factory
tokens for its
MicroBuddies™ NFT
game,
which are
now over 90% sold out, as the Company draws closer to its
anticipated 4th
quarter
2021 launch.
The Company
also experienced an increase in losses due to derivative
liabilities created by a combination of exponential growth
in share price and market capitalization which must be calculated
into the convertible feature found in the notes with our ViaOne
Services partner. For the 3rd
quarter, the company
posted a loss of ($12,325,187) of which ($12,110,000) was a direct
result of derivative liabilities. For the nine-month YTD, the
Company posted losses of ($15,636,203) of which ($15,205,294) was a
direct result of derivative liabilities. The current share price
increase due to the positive market response from the sales efforts
of MicroBuddiesTM
has allowed this
liability to grow and be reflected as a loss on our recent 10-Q.
Because derivative liabilities are considered a paper loss and are
not reflective of losses due to operations, we expect this loss to
fluctuate as it has over the past several quarters, or until our
ViaOne partner decides to convert the debt into equity, which would
eliminate a significant portion of our debt and attributable
derivative losses, thereby creating a much healthier financial
statement.The Company is also pleased to announce it has finalized
its Terms of Service (TOS) for the MicroBuddies™
NFT game and can be viewed at microbuddies.io later this
week. The Company
expects to make an announcement for the launch of its beta 2.0
which will be the final phase before going into our mainnet
launch.
About MicroBuddies™
Good
Gaming, Inc. is in the final stages of preparation for the mainnet
launch of its first-to-market collectible NFT game, MicroBuddies™,
where players will be able to collect lovable, self-replicating
microbes that passively produce their own in-game currency
GOO™.
GOO™ can be
used to replicate new MicroBuddies™ from existing ones and
customize their genome using a strategic artificial selection
process. Well-bred MicroBuddies™ will have a high rate of GOO™
production, so players who develop their skills will be able to
create greater opportunities for themselves.
At the
Polygon Mainnet launch of MicroBuddies™, a player will use their
special Nano Factory Tokens to synthesize Generation 0
MicroBuddies™ and begin the game. The first 2,500 MicroBuddies™,
collectively known as Generation 0, are expected to be the rarest
and most scarce set of MicroBuddies™ and what the rest of the game
will propagate from. If the Nano Factory Tokens sell out, or a
player fails to purchase a Nano Factory Token prior to the launch
of the game, the only way to acquire a MicroBuddy and play will be
to first purchase one from another player on the secondary market
at the fair market value.
To purchase
MicroBuddies™ limited edition Nano Factory Tokens, go to
https://microbuddies.io
We invite
everyone to join our corporate-supported social media platforms to
engage with one another, receive reliable, up-to-date, accurate
information, and communicate in our Good Gaming, Inc. and
MicroBuddies™ communities.
Official
Game Documentation is available at
https://docs.microbuddies.io.
Visit us on our social media platforms:
Discord:
https://discord.gg/MicroBuddies
Telegram
Group:
https://t.me/microbuddiesio
Twitter:
https://twitter.com/microbuddies,
https://twitter.com/GOODGMER
Reddit:
https://www.reddit.com/r/MicroBuddies/
Instagram:
https://www.instagram.com/goodgmer/
Facebook:
https://www.facebook.com/microbuddiesofficial/,
https://www.facebook.com/GoodGMER,
https://www.facebook.com/GoodGamingMC
Twitch:
https://www.twitch.tv/goodgaminginc
YouTube
Channel:
https://www.youtube.com/channel/UC3YyoK_Xdo7sfPmse898Nog/
About NFTs
The NFT
market has created tremendous new opportunities in the art and
gaming industry. As of September 01, 2021, more than $5.5 billion
was spent on NFTs, representing an increase of 50 times the trading
of Q4 2020.
NFT
breeding games such as CryptoKitties operate by allowing players to
collect virtual cats and "breed" them together to make new, unique
cats. The NFTs can then be sold to others on third-party
marketplaces such as OpenSea and typically pay a royalty of
2.5%-10% to the organization that created the project. With a
recent valuation exceeding $7.6 billion dollars for its parent
company Dapper Labs and NFT games like Axie Infinity, which
recently posted over $2 billion in sales YTD, the Company feels its
first-to-market NFT game MicroBuddies™ is poised to obtain market
share in the NFT gaming space.
https://blockworks.co/nft-market-is-far-from-over-as-sales-hit-12-month-high/
https://news.bitcoin.com/end-of-augusts-nft-sales-tapped-all-time-high-at-1-billion-last-weeks-nft-sales-hit-821-million/
About Good Gaming
Good Gaming
is an innovative brand leading the gaming industry across multiple
segments in the space since 2008. Beginning with our roots as a
collaborative space for gamers to share their knowledge, we went on
to establish ourselves as one of the leaders in hosting Hearthstone
tournaments. In 2016, we expanded our reach to include establishing
multiple Minecraft servers with some of the most popular versions
of Prison and SkyBlock, then developing our completely
custom-developed NFT blockchain game, MicroBuddies™, in 2021. The
Good Gaming advantage comes from our development team's close
relationship with the player communities of all of our games. The
constant communication and resulting feedback further expand our
proprietary content, and we continue to be influencers in the
realm. Good Gaming continues to find exciting and innovative ways
to branch across the gaming industry. As a staff and community, our
goal is to cement our place as a fun and collaborative place for
ALL gamers to enjoy.
For more
information about Good Gaming, please visit
https://www.good-gaming.com
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Good Gaming Inc., its directors or its officers
with respect to, among other things: (i) financing plans; (ii)
trends affecting its financial condition or results of operations;
(iii) growth strategy and operating strategy. The words "may,"
"would," "will," "expect," "estimate," "can," "believe,"
"potential," and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Good Gaming Inc.'s ability
to control, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. More information about the potential factors that
could affect the business and financial results is and will be
included in Good Gaming, Inc.'s filings with the Securities and
Exchange Commission, including those set forth as "Risk Factors" in
such filings.
Public Relations and Shareholder Information:
Joseph M.
Vazquez III
Phone:
(888) 245-3005
Email:
infinityglobalconsulting@gmail.com