16:25:48 EST Wed 01 Dec 2021
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BlockchainK2 Corp
Symbol BITK
Shares Issued 16,780,962
Close 2021-11-15 C$ 0.40
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BlockchainK2's Amplify Games acquires Leaptrade

2021-11-15 13:40 ET - News Release

Mr. Sergei Stetsenko reports


BlockchainK2 Corp.'s Amplify Games has acquired assets from Leaptrade LLC. Leaptrade is a gaming marketplace that has a long-trusted history with over 10 years in the gaming space. BlockchainK2 recognized this opportunity to accelerate its vision of introducing cryptocurrency and NFTs (non-fungible tokens) to mainstream gamers and further build out Amplify Games' portfolio.

"We are excited to take this next step in building out Amplify's capabilities by creating a class-leading gaming marketplace that will not only serve the existing needs for trading retro and other physical cartridges and discs, but will be a bridge for many gamers to trade digital items and NFTs for the first time," said Tony Caputo, chief executive officer of Amplify Games. "We are not here to simply ride the current NFT trend; we are building a long-term strategy that will organically bring gaming NFTs and crypto to a far-larger mainstream gaming market."

BlockchainK2 is undertaking a complete reimagining of the current Leaptrade marketplace. The new marketplace will continue to support retro games through the buying/selling of physical cartridges and discs. This redesign will then expand the marketplace offerings to include digital game keys from Steam, Xbox, PlayStation and Nintendo, as well as digital in-game items and gaming-based NFTs. This reimagined marketplace will launch in the first quarter of 2022, just in time to take advantage of the reselling opportunities after the holiday season.

A key component of this new marketplace will be fostering cryptocurrency adoption by allowing gamers/sellers to accept cryptocurrency in exchange for the games and items they sell. The marketplace's community-based focus, along with this new on-ramp for cryptocurrency, will uniquely position it as a leader in advancing cryptocurrency adoption in the gaming community. The game/item trading community is a group well positioned to embrace NFTs and cryptocurrency in a significant way.

About BlockchainK2 Corp.

BlockchainK2 is a holding company investing in blockchain technology solutions for capital markets and other sectors that can be made more efficient through tokenization. The company is currently invested in RealBlocks, a technology platform for private equity, private credit and real estate that provides tokenized secondary trading of limited partnership interests. The company has also executed a joint venture agreement with Standard Power, an industrial-scale cryptocurrency-mining facility with very low power costs in the United States.

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