PlayUp Ltd, creator of the PlayChip, just acquired gaming platform 123gaming Ltd.
This is now the fifth platform to join the PlayChip Ecosystem this year. It’s also the most eye-catching.
First of its kind, 123gaming joins the Ecosystem in a zero cash, 100% token agreement
Under the terms of the deal, 123gaming shareholders swap shares for PlayChip tokens. Most interesting, the token is still considered “pre-sale” and not yet listed on any major exchanges. Never before has an unlisted token has been used as full payment in the acquisition.
If the deal is successful, it could usher in a new wave of token-based business deals.
“We are passionate about the possibilities that blockchain can open up in the world of online gaming,” says PlayUp CEO Daniel Simic.
“To partner with a like-minded organisation in North America is a fantastic step forward in the PlayChip becoming the universal gaming token. We feel greatly encouraged by the support and faith shown in the PlayChip from 123gaming and welcome them to the PlayChip Ecosystem.”
Rob Earle, Founder and CEO of 123gaming, added:
“I’ve long been a fan of the PlayChip and the disruption it will bring to the gaming industry. We have always tried to be innovators in what we bring to market. We would only ever partner with a like-minded team. I am very excited for this merger and look forward to expanding the PlayChip and its Ecosystem throughout the United States and the world.”
Brief Background Information
PlayChip is a global gaming token for gaming, sports betting, eSports and fantasy sport. In fact, with an incentivized blockchain-based gaming community, the company boasts one million users in seventy countries on seven partner platforms.
123gaming is an award-wining, US-based horse race company.
And PlayChip operates 123bet.com, the platform that delivers premium services to its teeming clients.
Want the latest crypto news? Join our Telegram Channel