16:56:11 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
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Global Blockchain Mining Corp
Symbol FORK
Shares Issued 549,708,933
Close 2019-04-22 C$ 0.025
Market Cap C$ 13,742,723
Recent Sedar Documents

Global Blockchain client Nuvo launches GameKarma

2019-04-23 13:50 ET - News Release

Mr. Shidan Gouran reports

FORK CLIENT NUVO CASH LAUNCHES GAMEKARMA COMMUNITY, DEPLOYS NUVO CHAT TO BLOCKCHAIN

Global Blockchain Mining Corp. client Nuvo Cash Ltd. stated in a press release yesterday that it has launched GameKarma, the second social media community on the Nuvo blockchain network. According to the press release, GameKarma will be an interest-based community with a focus on video gamers, which is very much in demand given the recently heightened popularity of video gaming.

The company first announced its partnership with Nuvo Cash in a press release dated Dec. 13, 2018. In this partnership, Global Blockchain is assisting Nuvo Cash to develop the Nuvo blockchain network, which will act as a foundation for decentralized applications and social media communities that are immune to censorship and government interference. Additionally, Global Blockchain will administer the crowd sale for Nuvo token, the Nuvo blockchain network's proprietary cryptocurrency. Moreover, Global Blockchain will play a passive role assisting Nuvo Cash in building applications and social media communities on the Nuvo blockchain network.

In December, Nuvo Cash launched Jamaa, the first social media community on the Nuvo blockchain network, with a focus on users in Africa and an objective of addressing social media neutrality issues in African countries. Since its launch, Jamaa has built up a user base of more than 15,000 users, even attracting international users from Russia, Canada and Indonesia. Further, Jamaa was recently joined by Kyle Kemper, a well-known blockchain technology visionary, and the stepbrother of Canadian Prime Minister Justin Trudeau.

Nuvo Cash indicated in its press release that it began development of GameKarma in 2019 to provide a community for video gamers with a tailored experience that specifically caters to the lifestyle surrounding active video game play. For instance, it listed points of distinction that includes dedicated content categories for popular video game titles, gaming-specific fan page layouts and engagement initiatives relating to the interests of video gamers.

Nuvo Cash's press release announced that GameKarma has been launched to the public, and users may sign up on the GameKarma website. A contest for new users is currently open, in which users may share a photograph of their video gaming hardware set-up in the battle stations category on GameKarma, and the winner will be chosen based on the highest-voted entry. Details of the contest can be found on the GameKarma website. Users who register for GameKarma during the contest period will receive an exclusive badge on their profile in recognition of their early-stage participation in GameKarma, regardless of whether or not they participate in the contest itself.

Separately, in the same press release, Nuvo Cash announced that the Nuvo-based decentralized communications application, Nuvo Chat, was deployed to the blockchain on Friday, April 19, 2019, as announced in its press release dated Friday, April 12, 2019. Nuvo Cash anticipates that Nuvo Chat's user interface will be finalized by Friday, May 3, 2019. Nuvo Chat stated that users of either Jamaa or GameKarma will be able to use their login credentials from either network to access Nuvo Chat.

The sale of Nuvo tokens being administered by Global Blockchain on behalf of Nuvo Cash remains live on the Korean exchange ProBit. Participants can presently benefit from a purchase bonus of as much as 10 per cent. The sale is open until May 13, 2019.

Nuvo Cash concluded its press release by announcing it would also launch an interactive on-line gaming platform built on HTML5 as an additional dimension of the GameKarma brand. The beta version of the platform will be launched for single-player use by Thursday, April 25, 2019, and the multiplayer version will launch by Monday, July 1, 2019, which will include integration on the Nuvo blockchain network, allowing players to engage in peer-to-peer competitions in which they can earn Nuvo tokens.

Global Blockchain president and chief executive officer Shidan Gouran commented: "As more and more people are coming to resist traditional social media networks that are anything but neutral, the model of decentralized social media makes more and more sense. We are very happy with the results our client has received so far with Jamaa, and we expect the initial stages of GameKarma and Nuvo Chat to see similar success. With more use of the Nuvo blockchain network comes more use of the Nuvo token, and this naturally creates value for both FORK and its shareholders."

About Global Blockchain Mining Corp.

With blockchain technology rapidly reshaping the models of many companies, industries and their business processes, Global Blockchain Mining places a focus on the common needs of early-stage blockchain adopters. Originally founded with a focus on crypto-mining, the company has recently diversified its offerings by placing an emphasis on professional services such as developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, the company is also now utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes and witnesses which are alternative methods to cryptocurrency mining for generating and acquiring digital assets.

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