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

Published

4 years ago

September 5, 2020

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 Store – a 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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BNB Price Surges Past $300, Faces Crucial $339 Hurdle: What’s Next?

Published

4 months ago

December 29, 2023

Crispus

BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.

Binance Coin Outlook

BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.

Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD) on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.

The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

4 months ago

December 27, 2023

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

4 months ago

December 22, 2023

Crispus

Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5^th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…