OUR NEW PROFILE IS: (NASDAQ: NFTG)
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NFTG IS A GROUND FLOOR OPPORTUNITY THAT JUST IPO’d & HAS BEEN HOLDING STRONG ABOVE THE IPO PRICE IN A DOWN MARKET
The company’s ties to NFTs make it a play in both the crypto and gaming spaces
Industry Giants Like Samsung, Netgear & GameStop See the Future and Are Betting Big on NFT Gaming
Hello Everyone,
I hope that you have been paying attention to our profiles. We just sent you one before Thursday’s open that exploded on massive interest. It closed up over 21% on the day.
The profile before that moved 140% in a week after going from 1.10 to 2.55 over several sessions on strong interest.
Our next profile is brand new to the market as this one just started trading after it’s IPO was priced at $4.15. Today we saw a massive move to $5.15 on huge interest which triggered a halt during the session!
Because it just IPO’d and this will be it’s 3rd session trading, we expect volatility to continue. Right now it is sitting around $4.25 as the price holds strong with the market getting ripped apart again………… I like that.
Pull up NFTG immediately.
The NFT Gaming Company is developing a digital gaming platform that will offer proprietary games as well as games developed and published by third parties. Their vision is to develop, design, acquire, and manage conventional digital games and to combine them with novel methods, such as the ability to create and mint unique in-game features, such as skins, characters, weapons, gear, in the form of non-fungible tokens, or “NFTs,” that will allow users to have unique experiences and more control over in-game assets. They plan to initially launch their own proprietary games that are simple and fun to play, and that offer gamers the ability to mint their own affordable NFTs within the platform, with unique and exclusive features, that can be utilized across the network of games and platform that they plan to build.
NFT is a digital asset that exists on a blockchain, a record of transactions kept on networked computers. The blockchain serves as a public ledger, allowing anyone to verify the NFT’s authenticity and who owns it. NFTs are becoming a part of popular culture due to extraordinary marketing around it by influencers, brands, and celebrities.
The NFT Gaming Company, Inc. Announces Pricing of $7 Million Initial Public Offering
Roseland, NJ , Feb. 14, 2023 (GLOBE NEWSWIRE) — The NFT Gaming Company, Inc. (“NFT Gaming” or the “Company”), a company developing a digital gaming platform and community that will offer users the ability to mint unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or “NFTs,” today announced the pricing of its initial public offering of 1,686,747 shares of common stock (the “Common Stock”) at a public offering price of $4.15 per share of Common Stock, for aggregate gross proceeds of approximately $7 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters’ option to purchase any additional securities as described herein. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 253,012 shares of Common at the public offering price less the underwriting discounts and commissions.
The Company has received approval to list its Common Stock and on The Nasdaq Capital Market, with its Common Stock trading under the symbol “NFTG”, with trading expected to begin on February 15, 2023, subject to final approval by Nasdaq. The offering is expected to close on or about February 17, 2023, subject to satisfaction of customary closing conditions.
Laidlaw & Company (UK) Ltd. and Revere Securities LLC, are acting as joint book-running managers for the offering.
The Securities and Exchange Commission (“SEC”) declared effective a registration statement on Form S-1, as amended (File No. 333- 267879) (the “Registration Statement”), on February 14, 2023. The final prospectus will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus, when available, may be obtained from Laidlaw & Company (UK) Ltd., 521 Fifth Ave., 12th Floor, New York, NY 10175, Attention: Syndicate Dept.; email: [email protected].
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Gaxos is a constellation of casual, multi-genre games connected by NFT technology. In Gaxos, your experience points and achievements stay with your avatar and move between games. Mint-to-play means that once you’ve minted your NFT avatar, you own it and you’ll be able to play all the games in the Gaxos constellation. Gaxos is based on the Polygon chain. The Polygon network recently announced that it pledged $20 million to eliminate “all of the network’s carbon debt going back to inception and then going carbon negative in 2022.”
This platform brings together gamers, developers, and publishers, and which incorporates and offers them the ability to augment their games and gaming experiences with unique and exclusive features, as well as the opportunity to earn rewards and participate in other opportunities. The Platform is intended to include a wide variety of games that span various genres, including role-playing (RPG/ARPG), sports, simulation, puzzles, action-adventures, shooters (FPS/TPS), battle arena-fighting, and other skill-based games.
They believe that the ability to mint and use NFTs in-game that are distinguishable and tamper-proof offers gamers more power over their asset and the ability to have an augmented and exciting gaming experiences.
MORE ABOUT NFT’S
A non-fungible token, or NFT, is a digital, cryptographic token on the blockchain that certifies a unique asset. When someone “mints” an NFT, they create a file that lives on a blockchain that cannot be edited or deleted. Because the file exists on a blockchain, it can be viewed publicly, meaning the item’s provenance is public and verifiable. While NFTs have been generally built on the Ethereum blockchain, recently other blockchains, such as Polygon, have also emerged as a building block for NFTs, some of which offer lower-cost network fees and faster transaction processing speeds. Our NFTs will be launched on the Polygon network, which is an Ethereum compatible blockchain building platform (i.e. Polygon’s parent chain is Ethereum) that provides a secure and lower-cost alternative to Ethereum’s escalating gas fees and wait times without sacrificing the security granted by the Ethereum blockchain.
NFTs are digital assets that can represent a unique real-world asset, such as art, music, in-game items, or videos. NFTs are most-commonly powered by smart contracts on the Ethereum blockchain. Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. “Smart contracts” is a term used to describe computer code that automatically executes all or parts of an agreement and is stored on a blockchain-based platform. In the case of in-game NFTs, these NFTs generally can be images, skins, virtual real estate, pets, or other items that can be owned and held in a digital wallet. A digital wallet (or e-wallet) is a software-based system that securely stores users’ payment information and passwords for numerous payment methods and websites. Currently, NFTs are being used to sell a wide range of virtual collectibles, including:
• virtual sports trading cards and video clips;
• music and album cover art;
• art, memes, or other digital images;
• in-game assets; and
• virtual real estate, fashion, and other real-world representations in the metaverse, a virtual-reality space in which users can interact with a computer-generated environment and other users
CHECK OUT THE 2 DAY CHART ON NFTG
The Company plans to generate revenue through several different channels.
First is from the sale of their in-game NFTs to customers via their platform. Revenue generated from such sales, either directly as a sale of their in-game NFTs or indirectly as commission, will be recognized upon delivery of the in-game NFT to the customer which is when the Company completes its sole performance obligation.
The Company plans to generate revenue from advertising fees paid by game advertisers, developers, hardware companies, or other strategic partners to the Company for promotion on our platform. Revenues from these fees will be recognized ratably over the agreed upon advertising service period and upon delivery of agreed upon advertising services.
They plan to generate royalty revenues when a third party sells one of their NFTs on a third-party platform. They will recognize royalty revenue when it is probable that we will collect the royalty fee owed which is typically when they receive notification from the third-party platform that an NFT has been sold. In the instance where the Company will receive royalty payments when a customer disposes of an in-game NFT in the secondary market on a third-party platform or any other payment that is not in fiat currency, the Company will recognize the revenue in accordance with ASC 606-10-32-21, Noncash Consideration. Fair value of the non-cash consideration received shall be determined by using the quoted price for such non-cash consideration on the date of the transaction.
When a third-party publisher sells an NFT created using their platform via their smart contracts, they will receive a commission. Since they would use their same smart contract, the delivery and performance obligations are simultaneous with payment. They will recognize commission revenue upon delivery of the NFTs.
They will also generate transaction fee revenues from their customers which shall equal the network fees charged by the Polygon blockchain at the time of minting. Fees incurred by us, including Polygon Network (MATIC) and other NFT transaction costs, will be netted against such transaction fee revenues and transaction fees revenue will be reflected net of the related expenses. Currently, transaction fees are negligible. Transaction fee revenues and related costs shall be recognized on the date of the respective transaction.