Vividthree Holdings announced, on Oct 27, that it is “exploring opportunities” in the fast-growing gaming sector.
This is done in a bid to increase future revenue streams, says the company.
The company has begun preliminary discussions with several parties including GammaR to capitalise on trends like blockchain and non-fungible tokens (NFTs) in the gaming sector.
GammaR is a platform that helps NFT game developers bring their innovations to market. It provides them with the resources to develop and monetise their ideas.
See: Vividthree shares close over 56% higher, triggers SGX query
Blockchain games have seen a recent surge in popularity, partly fuelled by the ongoing Covid-19 pandemic.
According to a report from Blockchain Game Alliance (BGA), over 804,000 unique active users are connected to blockchain-based games in July.
“The group is currently in discussions with GammaR on various possible collaboration structures to venture into this space. The group will make further announcement(s) if and when there are material developments,” reads the statement on Oct 27.
Shares in Vividthree closed flat at 4.5 cents on Oct 26.
