POLYGON INVESTS IN WEB3 GAMING COMPANY GAMEON! NFT GAMES PA

POLYGON INVESTS IN WEB3 GAMING COMPANY GAMEON! NFT GAMES PARTNERSHIP | HUGE $MATIC NEWS UPDATE!

today we're going to talk about a company that i've been following since its pre-ipo days and invested heavily into prior to its public listing the ipo price was at 35 cents canadian so the current share price which is under that currently is absolutely ground level prices to get in at in my opinion the company recently released multiple pieces of very exciting news which i will be updating you on today before we get into it please hit that like button hit that subscribe button and bell icon to

help with the algorithm it really does make a difference and i appreciate every single one of you it motivates me to keep making content for you now let's get into it the company is game on entertainment technologies which trades as ticker symbol g-e-t on the cse and gme tf on the otc game on empowers sports and entertainment content providers with the world's simplest and most accessible engagement technologies such as prediction games whether it's supporting tv networks ott platfor ms sports

books or leagues game on helps partners turn their content and this ranges from sports to reality tv to anything else into enhanced social and interactive experiences via white labeled mobile and tv apps game on has secured white label projects with several partners in sports and entertainment through their innovative gamification technologies and meta layers including first of its kind nft integration they bring fans closer to their favorite sports and entertainment cont ent and

increase engagement through community competition and rewards first let's talk about the most recent news releases and there was one extremely flashy one last week and this is the one here polygon studios invest in game on strategically partners to bring nft games to the masses so this happened last week and this is a strategic partnership with polygon to build nft based games on their ethereum based scaling platform yes that polygon aka matic the protocol and framework for building and

connecting ethereum compatible blockchain networks as i just touched on its native currency is matic and matic has increased 100x in token price in the last 12 months one of the hottest names out there polygon will provide non-diluted funding to invest in 50 percent of gameon's ongoing product development costs the polygon blockchain boasts investors that include mark cuban kevin o'leary and many other high-profile investors and back in july polygo n announced plans to commit 100 million usd to

projects leading the transition to web3 so some of these include investments to draftkings define and now game on fits in this category in addition to building nft based games like the recent chippy dynos partnership which we'll get into shortly the polygon investment allows game on to offer the full stack of capabilities from the creation minting and selling of nfts to the game layers it already deploys such as prediction and fantasy g ames now for game on shareholders like myself this is music

to my ears having been an early investor in polygons matic i understand fully what an opportunity this is for game on to get into the web 3 and nft spaces while accelerating its product development in a non-dilutive manner polygon co-founder sandeep nail wall had this to say about game on and i quote game on is one of the fastest growing game technology providers in the blockchain space we're excited to support their develop ment of nft based games on polygon then we have this one game on

partners with nba player-backed nft project chibi dinos for first of its kind gamification and this is a very interesting initial partnership here now this will only bring a small revenue in 120k usd but we start to see the potential here with the game on platform will be this is going to be an incredible 80 gross profit and this is what ceo matt bailey had to say about this partnership and i quote nft creators n eed ways to give their digital collectibles utility beyond collecting and trading

and that's where game on adds value with our innovative fan engagement technologies partnering with chibi dinos presents a whole new category of customers for game on beyond sports tv and live events rights holders allowing us to expand our total addressable market revenue streams like primary and secondary market nft sales are uncapped in perpetuity and therefore particularly lucrative end quote what 's important to note is that this is just one of many many verticals for game on their plan is

to basically gamify anything from news to reality tv to sports esports nfts etc hidden in this news release we can see there is a significant ramp up in investor relations and marketing as well which is always good to see with a small cap stock like this one with a tight float for this they have deals in place with lambert and co oak hill capital and lion capital investment limited now if you look at the average trading volume for game on in the last week and a half you'll see that the trading

volume has gone up quite a bit so this is already paying dividends then we have this one game on secures three additional prediction game projects with mx player for soccer tennis and kabody this is incredible to see game on expanding their partnership with mx player which we talked about in our last game on video after just developing their cricket prediction game as a reminde r mx player is a massive partnership for game on they boast more than 280 million users also to note 10 cent and times

india have both heavily invested into mx player now back to the news release these prediction games are all slated to launch in 2022 which coincides with major sports events such as the 2022 fifa world cup multiple tennis tournaments in 2022 and the t20 world cup of cricket also announced last week game on was able to secure up to 6 million us in a strategic investm ent from india's brand capital international now this is validation that the game on product and business model works when one of

the biggest indian conglomerates is willing to take a significant stake in it these strategic investors are not here for the short term they are patient and willing to help game on grow with its reach and users now a few notes about india's brand capital international and why this is massive they are the strategic investment arm of the times group which is the largest media conglomerate in india owns the largest circulation of any english language newspaper in the world multiple tv channels

radio and podcast and as mentioned previously times india is invested in mx player as well and helped them grow significantly in the past couple of years so this partnership has a very natural synergy to it as well game on can tap into all of times group tv shows and games while driving engagement and becoming a database of information for th em finally let's end things off by touching briefly on the financials and capital structure in terms of revenue nothing much to show as of yet as of q2 but

we should expect a major ramp up in revenue as these partnerships continue to be announced their business model is to either license their technology to their partners or a revenue share model for advertising and sales both are extremely high margin with just a one-time development cost and low maintenance cost these are the reven ue projections as provided by game on in their investor deck probably should note that these are quite conservative and haven't been updated for recent and other

new partnerships the company is well cashed up for 2021 and 2022 expected cash burn to be less than 250 000 per month you can add up to another six million dollars from brand capital as cash for further marketing and partnerships and up to 50 on development costs being covered by polygon now in terms of capital structu re and this is as of august 30th 2021 the company has 62.9 million issued and fully paid common shares 9.6 million warrants outstanding and 6.3 million stock options

outstanding there's also extremely high insider ownership at 70 percent giving game on a very tight float as i mentioned earlier these are truly ground floor levels to get in at 4 game on with a 20 million dollar market cap but with investments from major conglomerates already with marketing ramping up and further partnerships to be announced this continues to be a strong buy and hold for me as i expect a very short-term re-rate in stock price as investors find out about this gem i actually

interviewed the ceo matt bailey and i put that in my second channel it was a live discord ama style interview for my discord members and uh i think it was extremely insightful and helpful for investors so if you want to check that out go check out my second channel jakenomics interviews i'll lin k that in the description below thank you for watching until the end and for the ongoing support leave a like and subscribe if you haven't done that already and take care do it smart yesterday you said

tomorrow so just do it Inglês

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RTNERSHIP | HUGE $MATIC NEWS UPDATE!