7 June 2018 — eSports.com, a professional eSports and blockchain company, has signed an agreement with Fatfish Internet (ASX:FFG) and iCandy Interactive (ASX:ICI) to invest USD $1 million in iCandy, in exchange for 19.5% of iCandy shares. Upon completion of the deal, eSports.com will work closely with iCandy on strategic business collaborations, potentially involving Nitro.
Aiming to be a one-stop portal for all eSports-related activity, eSports.com’s platform is integrated with the eSports Reward Token (ERT), a crypto token which can be used as payment for coaching sessions, merchandise, content, investments, and more. In collaboration with iCandy, eSports.com products and services will be promoted through the iCandy player base, which currently includes over 23 million gamers.
This collaboration has strong potential synergy with Nitro Marketplace, which is powered with NOX tokens and aims to connect all stakeholders in the gaming industry, from investors to players. iCandy has an arrangement to be the publisher for games funded or developed through Nitro.
According to iCandy’s chairman, Kin Wai Lau, “There are strong working synergies between both iCandy and eSports.com and once the transaction is complete, the collaborative working relationship will drive both businesses in a very positive way.”
About iCandy Interactive Limited
iCandy Interactive Limited is an Australia incorporated public company that has its core business in the development and publishing of mobile games and entertainment for a global audience. iCandy Interactive is listed on the Australian Securities Exchange (ASX) under the symbol ICI. iCandy Interactive runs multiple award-winning subsidiary games studios in Malaysia, Singapore and Indonesia, including Appxplore and Inzen Studio. It is one of the leading mobile entertainment group in Southeast Asia. Almost all of iCandy Interactive’s games titles have been recommended and featured on Apple’s App Store (iOS) or the Google Play Store. Studios of iCandy Interactive have won awards in the coveted International Mobile Game Awards (IMGA) in 2016 and 2017.
Using Blockchain technology, eSports.com provides a unified, secure and transparent digital environment for all things eSports. eSports.com aims to be the biggest eSports portal in the world. The platform will offer coaching by professionals, charity tournaments supported by celebrities, comprehensive statistic data, live coverage and it wants to take sports journalism, in terms of eSports, on a new level.
About Fatfish Internet Group Limited
Fatfish Internet Group Limited (“Fatfish”) is a publicly traded international venture investment and development firm. Fatfish partners with entrepreneurs and tech executives to build and grow tech businesses via a co-entrepreneurship model in the space of consumer internet and blockchain technologies Fatfish operates from its international venture hubs located in Malaysia, Singapore, Australia, Sweden, and the United Kingdom.