[PRESS RELEASE – Please Read Disclaimer]
Singapore, 9 June 2022 – Leading global derivatives exchange – Bitget, is pleased to announce the IEO of Revoland, the first blockchain-based multiplayer online battle arena (MOBA) game on Huawei Cloud, on its global platform spanning 50 countries and more than two million users. Subscriptions for Revoland will be open from June 13, 2022, 11:00 (UTC) to June 18, 2022, 11:00 (UTC) and its native token REVO will be available to trade on June 20, 2022, at 15:00 (UTC).
Play-to-earn (P2E) games have experienced a burgeoning growth recently, especially during the pandemic when they presented themselves as an opportunity for many to turn to as a source of income. As reported by Nasdaq, the P2E gaming industry was worth over $90 billion in 2020 and is expected to reach $256.97 billion by 2025. It is a phenomenon that reinvented the video game industry with the added support from blockchain and decentralized systems.
Commenting on the partnership, Managing Director of Bitget, Gracy Chen said, “We look forward to listing Revoland on Bitget, as we work together to create a Web3-powered community, and expand offerings available to Bitget’s valuable users. While gaming is not a new concept, it has certainly experienced its breakthrough moment and made an impact following the integration of blockchain.
Web2 gamers spend about $40 billion a year on virtual goods, but users don’t really own the items, the companies do. With GameFi and NFT, users can have true ownership. We see many groundbreaking games that have started a new wave of Web3 game development and attracted millions of users. We welcome like-minded organisations with innovative projects to reach out and build partnerships with us as we continue to lead the blockchain movement.”
Bitget’s Launchpad provides an exclusive opportunity for its users to get early access to projects with high potential in the space. Since its inception, various projects were launched and were met with positive feedback within the community. The Launchpad will continue to be a crucial focus of Bitget to continue its dedication to the larger development of crypto and blockchain.