| Toronto, Ontario – October 19, 2021 – Royal Wins Corporation Wins Corporation Corporation (CSE: SKLL) (“Royal Wins” or the “Company”) is pleased to announce a partnership with Labrys, Australia’s leading blockchain agency. Labrys has extensive experience delivering large-scale blockchain solutions for global clients, including ASX-listed Downer EDI, NEM Group, Solomon Islands Government, and APAC CIO Outlook Top 50 Enterprise Startups award winner. The newly formed partnership will provide the tools for Royal Wins to enter the blockchain gaming and collectibles (NFT) space. The Company’s existing hyper-casual gaming vector combined with the newly announced NFT market entry would position Royal Wins with growth strategies in the two fastest growing segments within the online gaming space. “We’re extremely pleased to have Labrys come on board to help us plan out our approach and delighted with their confidence in Royal Wins. We have been watching the growth of blockchain games and collectibles over the last year and are excited to integrate these technologies into our ecosystem. Until now, the gamification of NFT and blockchain technology has been limited to an audience of early adopters conversant in navigating the technical complexities of blockchains and tokens. Staying true to our philosophy of “easy to learn, hard to master”, our objective at Royal Wins is to provide an intuitive and fun way for a mainstream casual gaming audience to interact with in-game NFTs through our Kash Karnival app. We are confident that Labrys will be able to help us extend this philosophy into the world of blockchain games and collectibles,” said Peter Gan, CEO of Royal Wins. Labrys’ CEO Lachlan Feeney commented: “The team at Royal Wins have demonstrated a distinct comprehension of this technology. We see their push to explore its potential as a considered and innovative move. We look forward to helping the business bring even greater levels of enjoyment and user engagement to their players. An opportunity to introduce validated blockchain concepts to the market with an established industry player such as Royal Wins is truly exciting.” Non-Fungible Token, or NFT is a record on a cryptocurrency’s blockchain that represents pieces of digital media and that can link to art, text, video, or even code, basically granting exclusive rights to a digital artwork (see an article by The Economist). According to a data-tracking company DappRadar, NFTs generated almost $11bn in sales between June and September 2021. NFT gaming is considered one of the fastest growing spaces within the online gaming industry with investments in the sector quadrupling to almost $500M in the first half of 2021. A recent article by Forbes confirmed that visits to games-related pages increased eightfold in July alone, and the number of unique active wallets on all games doubled to ~740K. Dragos Dunica, CDO & co-founder of DappRadar, said: “As we plunge deeper into the metaverse, blockchain gaming is set for meteoric growth.” |