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Business incubator GDA Ventures acquires first client MobileGo, introduces MGO Token for blockchain gaming

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GDA Ventures, a business incubator backed by the GDA Group of companies, has  announced its first client – blockcain gaming platform MobileGo (MGO). The MobileGo project was initially launched in 2016 and focused on gaming, with significant closed partnerships including Unity and Xsolla, the gaming industries leading game engine and one of the most utilized payment processing providers. 

GDA Ventures 

Similar to many early blockchain projects, MGO built a significant community and blockchain offering while securing partnerships with top companies in the industry. The 2018 market crash combined with failed deliverables from various signed partners slowed the project down. Now, as crypto sees a revitalization, MobileGo has engaged GDA Ventures to restructure and revive the MGO project, the two companies announced.

“This is a huge step forward that will continue to bring innovation and originality to the blockchain gaming ecosystem; benefiting developers, gamers and everyone in between. We are very excited to work with GDA Ventures as their experience with venture incubation and development will help take MGO to the original heights set out in 2016, becoming an industry pioneer that bridges the gap between gaming and blockchain,” the MobileGo team announced in a statement.

MGO co-founders were some of the first to recognize that peer-to-peer gaming and unique asset ownership within video games has a tremendous potential. The market agreed and at its peak the MGO token had a market capitalization of over $200M and a significant community of participants. 

GDA Ventures’ team says they see the potential that digital assets have to revolutionize the gaming industry.  The team also stresses the valuable market positioning and first mover advantage of MGO, as well as the valuable existing community and technology that has been created. In addition to gaming, GDA Ventures hopes that MobileGo can also penetrate the e-sports and metaverse gaming markets, both of which are underserved by existing digital assets at market. 

As a digital asset built on top of the Ethereum blockchain, MGO is using ERC-20 token protocol; creating a fungible and easily transferable token for gamers. On top of the powerful digital asset architecture and functionality built into the MGO digital asset, MobileGo has built several unique technology products that benefit gamers. 

Among them, MGO Tournaments that represent smart contracts architecture to host peer-to-peer tournaments for gamers and their friends. By giving developers direct access to the MGO API suite, this architecture also adds value to developers by cutting down on time, cost, and technical know-how to launch tournaments, making this more accessible to gamers worldwide.  

MGO API allows developers to easily set up secure payment infrastructure so they can get paid directly in MGO with the efficiency, scalability, and reliability offered through the ERC-20 token protocol. 

MGO Metamask Gateway allows gamers to easily buy games and make in-app purchases through metamask eliminating the need to shop through gaming stores and marketplaces, making it faster and easier to begin playing your favorite games.  

MGO Payments Gateway allows game developers to integrate MGO and use it in their games. Users who make payments with MGO will not spend ETH for Gas to make the transaction as gas will be taken with MGO. This is a unique solution for ERC-20 tokens as it makes life easier for any user who wants to make a transaction, GDA Ventures points out.  

MobileGo

MGO Storea place where gamers can buy their favorite games using MGO, creating a one-stop-shop ecosystem for developers, gamers, and MGO stakeholders. 

With GDA Ventures taking over the restructuring of the project, the MGO co-founders will withdraw their involvement from the project and will instead be working with GDA Ventures to install a new leadership team so the project can achieve the original goals set out in 2016.  

GDA Ventures is a full-suite venture incubation studio specializing in emerging and disruptive technology. GDA Ventures supports disruptive technology startups, helping them launch, scale globally, and solve their industry’s greatest challenges through emerging technology. 

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Bridge Mutual Announces Partnership with Plasma.Finance to Strengthen DeFi Insurance

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Bridge Mutual, a decentralized insurance provider, has announced a collaborative partnership with DeFi aggregator PlasmaPay and Plasma Finance allowing users to directly fund or provide liquidity through the Bridge ecosystem and the Plasma Finance platform.

Bridge Mutual will also use some of its own liquidity to start a PlasmaPay insurance pool, integrating shield mining in order to give users the chance to earn PPAY tokens as a reward for providing coverage to PlasmaPay. The result is an increase in users on the decentralized insurance platform for Bridge Mutual, and another dimension of safety for PlasmaPay and Plasma Finance users.

“This partnership will give both organizations the ability to expand operations into the other’s platform, a net benefit for two strong projects looking to optimize the DeFi market as a whole,” notes Ilia Maksimenka, PlasmaPay’s CEO, “Ease of use and access to insurance ultimately benefits users. By working together, Bridge Mutual and Plasma Finance take DeFi a step forward towards more reliable financial services on the blockchain.” 

Bridge Mutual CEO Mike Miglio adds, “The main focus of our partnerships is to increase the overall safety of the DeFi space by encouraging users to protect each other. Partnering with PlasmaPay was strategic in that users will be able to easily purchase or provide insurance directly from the Plasma Finance app where they manage all…

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Dignitas Joins Zytara Lineup, a Step Towards Uniting Esports and Blockchain

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Esports icon Dignitas has come together with fintech company Zytara to tackle payments and value transfer within esports using the DigitalBits blockchain.  

Dignitas’ partnership with Zytara is the first major alliance between esports and blockchain, a combination set to overhaul the esports’ financial mechanisms.  Zytara, a fintech launching a digital banking platform and payment network for gamers and esports enthusiasts, will leverage the DigitalBits blockchain to power the use of stablecoins and other digital assets.  

Despite their global scope, esports organizations still struggle with traditional payment rails.  Notably, Epic Games experienced difficulties distributing some of their $100 million prize pool for Fornite tournaments.  With esports growing rapidly, this is something that must be addressed, and it appears that Dignitas and Zytara are coming together to lead the charge.   

Dignitas has championed many firsts for the industry, being the first ever esports team to be acquired by an ownership group of a North American sports franchise, Harris Blitzer Sports & Entertainment (HBSE).  Dignitas would later go on to sign a first-of-its-kind sponsorship deal with Susquehanna International Group, LLP (SIG), one of the world’s largest proprietary trading firms.    

Zytara will issue a series of Dignitas-branded debit cards and app skins, featuring the…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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