Ramallah – Dunya Al Watan
NextPlay Technologies (NASDAQ: NXTP) – a digital ecosystem for digital advertisers, consumers, video players and travelers – has entered into a preliminary agreement with Decentralized Investment Group (DIG), a leading global blockchain technology company, to develop an authorization payment platform exclusive to and operation of Decentralized Investment Group (DIG) clients.
Following the execution of the final agreement with NextBank International, NextPlay Technologies global banking unit will provide DIC customers with access to its Fintech platform, which will enable customers to purchase and invest in DIG assets. Initially, this will include assets from within Realms of Ethernity – RoE, the first multiplayer RPG in the world. Realms of Ethernity – RoE is a virtual world inspired by the Blockchain game “World of Warcraft” filled with hundreds of action adventures to make money, where both developers and players can build their gaming experience offered by the investment group Sub-decentralization and monetization of the company “XYZZY”. Here, XYZZY is designing Blockchain-based games that allow players to own or earn real assets from their game, such as non-exchangeable treasures (NFT) and unique real-value rewards.
The payment platform will allow customers to buy and sell assets active in the game using fiat currencies and NextBank International will provide bank accounts to DIG customers for their fiat deposits, provided the customer passes the compliance verification phase implemented by NextBank International.
“The Decentralized Investment Group is an ideal partner to expand NextBank International’s services and increase revenue streams through online international banking as a technology leader focused on delivering products and services,” said Todd Bonner, Chief FinTech in NextPlay Technologies. “Block evolution is investing in and accelerating adoption and adoption. Ultimately we also see the potential to expand our share of XYZZY in-game assets on other DIG cryptocurrency platforms.”
NextBank International plans to issue payment cards to clients of the decentralized investment group who have financed their bank accounts with NextBank International. Likewise, the Decentralized Investment Group also aims to market NextBank International’s banking services to its clients worldwide.
The video game market is expected to grow, reaching a compound annual growth rate (CAGR) of approximately (9%); That equates to $ 340 billion by 2027, as well as reaping much of the revenue from in-game purchases. It is worth noting that video game players can usually purchase in-game items such as skins, upgrades or rewards for use in the games they play, but they do not actually own these items. However, the solution offered by NextPlay Technologies and the decentralized investment group will allow players to buy a real share of the ownership in the items they win, which will encourage more people to take the game as well as create space developers to generate extras. income from it ..
Hayden Snape, Global Managing Partner and CEO of Decentralized Investment Group commented: “We see the decentralization of assets and financial transactions in the future, where blockchain technology and cryptocurrencies will enable and make it a reality. We believe that the products they offer open, As part of the new world, access to and use of it will advance individual and economic freedom worldwide We have chosen NextPlay Technologies as our partner to join us in this mission and to help offer a premium in-game experience that empowers players to own real assets in the real world.This is enabled by the unique banking technology offered by NextBank International and the paper payment platform.
NextBank International and the Decentralized Investment Group are currently negotiating final agreements to formalize their relationship, with both seeking to complete these negotiations in the short term, taking into account the completion of the technical evaluation process and the completion of conditions related to market closure, regulation. etc. of customary conditions.
About the decentralized investment group
Decentralized Investment Group is a Dubai-based multinational holding company of blockchain technology, committed to making impactful investments in blockchain technology. The decentralized investment group also seeks to find exclusive investment opportunities within the hypercosmic space and turn them into pioneering products in the sector aimed at developing the hyperuniverse.