Pursuant to the MOU, the Company and Social Finance agreed to work together to plan, develop and operate blockchain games using blockchain technology. Earlyworks agreed to provide GLS, offer design or design support for blockchain games, and conduct technical verification, system development and operation. Social Finance is responsible for blockchain game planning, marketing and sales of content in blockchain games, and formation and operation of communities in blockchain games. The allocation of revenue will be determined upon negotiation between the Company and Social Finance for each product.
This partnership aims to provide the real-time processing capabilities and improve the user experience in blockchain games. Conventional blockchain games face challenges from algorithms that are associated with public chains, and struggle with high real-time processing. In contrast, GLS moves most of the public chain processing to a secure and highly available off-chain environment and seamlessly links with public chains. As a result, GLS achieves ultra-high-speed processing, a feat that is beyond the capabilities of public chains operating independently. GLS enables real-time issuance of NFTs for purchase or transfer, immediate in-game utilization of NFT items, and effective utilization of NFT items in blockchain games. A simulation role-playing game is scheduled to be released as the first blockchain-game based on GLS.
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Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the
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2024 GlobeNewswire, Inc., source