Game development

CBI enters into a strategic partnership agreement with

CBI Enters into Strategic Partnership Agreement with Skill-Based Games and Play-to-Earn Publisher Chain Games

  • Creation of virtual universes dedicated to Skill-Based and Play-to-Earn games in AlphaVerse, the CBI metaverse
  • US$2 million licensing fee to CBI
  • Consulting contract in the blockchain universe

CRYPTO BLOCKCHAIN ​​INDUSTRIES (CBI, Euronext Growth Paris: FR0014007LW0, ALCBI) announces that she has entered a series of strategies partnership agreements with Chain Games, publisher of skill games (Games in which players can pay an entry fee to compete against other users for prizes based on their own performance) and play-to-earn games (games in which part of the revenue is distributed among players according to their respective levels) everything on the blockchain. The agreements include several steps, the first one being the creation of virtual universes dedicated to these games and the development of content in AlphaVerse, for a fee $2 million to be paid at CBI; a consulting contract aimed at commercial development in the field of blockchainwhereby Chain Games will receive 1.5 million CBI shares; and various conditions allowing CBI to acquire a minority participation in Channel Games by December 31, 2022.

The initial stage envisioned by these agreements is the development of skill-based and Play-to-Earn universes, games and content in the AlphaVerse. Under the terms of the agreements, Chain Games will acquire virtual space in the AlphaVerse hub. CBI received a licensing fee of $2 million, paid in Chain Games tokens. This virtual space (Arena) is located in the Hub, the central point of AlphaVerse, and is accessible to all participants and players. This Arena will be mainly dedicated to games of skill and play-to-earn and NFTs from the Chain Games catalog. Chain Games will also develop its own universe dedicated to greater skill-based games and play to win. This universe will be tied to the central AlphaVerse hub and will include proprietary content from Chain Games and licensed NFTs. In these virtual universes, revenues will be shared between CBI and Chain Games according to a formula established by the parties which takes into account the origins of the players.

For the second stage of this venture, the parties have established a consulting agreement focused on business development. Chain Games will provide advice to CBI, which intends to rely on the expertise and network of Chain Games to promote the development of its blockchain ecosystem. The five-year action plan provides for the identification and organization of meetings with potential partners, in particular: development studios, marketing specialists and the creation of strategic alliances. For this consulting contract, Chain Games will be remunerated by receiving 1.5 million CBI shares and CRYSTAL tokens, the AlphaVerse cryptocurrency.

For the last stage of this partnership, CBI has been granted the option to acquire up to 2.5% of the capital of Chain Games, based on a valuation of Chain Games to be defined, which will remain in place. until December 31, 2022.

The agreements between the parties also provide for different scenarios that could give rise to greater acquisition capacity according to a similar formula and valuation which are intended to remain in place until December 31, 2022, within the strict limits set by the contracts and depending on available CBIs. Resources.

Adam Bartlam. Chain Games CEO, said: “After seeing live demos and the amazing quality of their soon to be released AlphaVerse, we knew we had to be a part of it and join forces with the CBI team! Their metaverse is by far the most advanced we’ve seen, and we are grateful to be included in it with the Chain Games Arena and our very own Chain Games Island. The opportunity to bring users into this metaverse and on the Chain Games platform is huge, and we are excited about the way which will raise the stakes of immersive multiplayer experiences.

Frédéric Chesnais, Chairman and CEO of CBIsaid, “I am thrilled to partner with CBI with Chain Games and its talented team, and to put in place these strategic agreements to create new content for AlphaVerse. The skill-based and game-based game development model to win on the blockchain, which allows players to compete within existing blockbuster games, fighting games, but also single-player games and car racing and has a place within AlphaVerse. These initiatives and the chosen business model also illustrate the new possibilities offered by the blockchain and the crypto ecosystem.These are initiatives that we are particularly interested in and our goal is to use this type of business model in other areas of the blockchain field.

Disclaimer

This statement includes forward-looking statements and assumptions and should not be construed as providing investment or other advice. The implementation of projects, as well as their operating budget and financing plan, remain fundamentally subject to numerous uncertainties and the non-fulfilment of underlying assumptions can have a significant impact on the value of assets and liabilities.

About Channel Games

Chain Games is a blockchain-integrated gaming network that enables decentralized games of skill, contests offering game titles to win and play to win, allowing players to earn cryptocurrency for their efforts. Chain Games is developing a comprehensive SDK (software development kit) to help AAA studios and independent developers integrate the blockchain gaming ecosystem, allowing them to easily connect their current, previous, and future titles seamlessly into the blockchain, and paving the way for an ever-growing list of new titles on the platform. Chain Games is committed to bringing the blockchain gaming industry into the era of modern gaming, and future plans include offering real-money gaming, integrating fantasy sports, and other cutting-edge technologies to help facilitate our vision, platform and roadmap.

About CBI

CRYPTO BLOCKCHAIN ​​INDUSTRIES (“CBI”) is a French company that develops, operates and invests in video games, business applications and selective projects related to blockchain, Non-Fungible Tokens (“NFT”) and crypto -currencies. Founded by Frédéric Chesnais, recognized entrepreneur in the video game industry and blockchain pioneer, CBI aims to develop and enrich a portfolio of blockchain activities covering various sectors (video games, finance, logistics, etc.) this technology, either directly or in partnership. CBI has already made several investments and is currently developing a virtual world (metaverse) AlphaVerse, based on blockchain technology, which will open in the summer of 2022. CBI shares (FR0014007LW0) have been admitted to trading on the E1 compartment (qualified investors ) of Euronext Parisian market in growth since October 26, 2021. More information on www.cbicorp.io.

contacts

CCR
Frédéric CHESNAIS
CEO
[email protected]
www.cbicorp.io
List Sponsor
Asset Capital
Rodolphe OSSOLA
[email protected]
Financial communication
Calyptus
Maisie Mouret
+33 1 53 65 68 68
[email protected]

CHAIN ​​GAMES

Jordan Kilgour
Marketing director
[email protected]

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