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MetaKit is a full-service web3 infrastructure solution that hosts a suite of products to run the play-to-earn gaming economy on the blockchain
VANCOUVER, British Columbia, Oct. 03, 2022 (GLOBE NEWSWIRE) — Pioneer Media Holdings Inc. (NEO: JPEG, AQSE: PNER) (“Pioneer“or the”Company“), a web3 gaming and infrastructure company, is delighted to announce that it has recently launched MetaKit, its proprietary Web3 gaming infrastructure and suite of conversion technologies to help game developers play to win (“P2E”) on the blockchain.
In March 2022, Pioneer acquired Crowdform, a digital product and business enablement studio that was integrated as Pioneer’s digital development studio and the technological backbone of the company’s comprehensive Web3 gaming ecosystem. company, which includes content and game development; infrastructure and web2 conversion; and global distribution and publishing.
MetaKit is Pioneer’s core software technology and a proprietary gaming infrastructure framework for game developers that removes friction from players’ on-ramps and increases the chances of success in every game. With MetaKit, developers of games can reduce the production time and development costs associated with game releases, as well as accelerate go-to-market strategies.
Web3 gaming is a growing industry and at the forefront of a new wave of technology, with US$10.2 billion expected to be invested in blockchain gaming in 2022, up from US$4 billion in 20211. Pioneer is focused on developing quality Web3 gaming experiences for gamers and gaming communities within a trusted and secure ecosystem.
Darcy Taylor, CEO of Pioneer commented, “Over the past year, we have been focused on integrating the strategic acquisitions we made earlier in the year into our comprehensive Web3 games ecosystem. We believe there is a serious opportunity in Web3 gaming to provide best-in-class gaming experiences with credible, quality P2E games. I’m very encouraged by the positive traction and progress the team has made with our redefined business growth strategy to be an industry leader in gaming and web3 infrastructure, and now that we have a framework and a solid foundation, we can focus on growth. and scale for the rest of the year. Our strategic priorities include bringing our strong portfolio of P2E content and games to market, developing innovative new web3 infrastructure technology through MetaKit and our in-house development studio, and securing strategic distribution partnerships to push our P2E gaming portfolio to mass markets. We look forward to providing updates on our progress in delivering on these priorities. »
MetaKit was designed for game development studios to seamlessly integrate Web3 conversion technology into the workflow, tools and languages already used in games. MetaKit provides the building blocks for game economies, inventory, currencies, player ownership. The exclusive suite of technology solutions includes: a single sign-on solution for blockchain games that allows users to play with NFTs across multiple wallets, an NFT game and rental marketplace, a payment processing platform Web3 and frictionless subscription solutions, etc.
Pioneer intends to grow the use of MetaKit through the success of its customers’ games and applications, in which their use of Pioneer’s services will increase based on their adoption and engagement by end users. Pioneer will leverage the success of partners by building loyal communities that will increase usage and engagement of Pioneer’s platform. Pioneer will continue to drive growth by expanding service reach to existing customers and acquiring new customers using Metakit. The more their players are engaged with Pioneer’s tools and the more time they spend in their respective games, the more revenue Pioneer will earn from these offered services. Currently, Pioneer offers its MetaKit platform primarily through licensing, revenue-sharing, and usage-based royalty models. This will allow Pioneer to generate revenue from its customers as they develop games and become successful and grow. For more information on Metakit, visit https://www.metakit.games
About Pioneer Media Holdings Inc.
Pioneer (NEO:JPEG, AQSE:PNER) is a leading Web3 games and infrastructure company that uses its proprietary technology suite, MetaKit, to build and convert games and apps for the blockchain. Pioneer has built a comprehensive Web3 gaming ecosystem that includes content and game development; infrastructure and web2 conversion; and global distribution and publishing. Through strategic distribution partnerships, Pioneer will continue to focus on successfully launching play-to-win (P2E) games in mass markets around the world, and driving user engagement and adoption and thus the significant revenue generation.
Web3 gaming is at the forefront of a new wave of technology and there are significant opportunities for growth as a frontrunner in the industry. Even in its infancy, there is a large influx of capital, both public and private, and attention to the burgeoning sector. Additional information about Pioneer is available at www.p10neer.com or www.sedar.com.
ON BEHALF OF PIONEER MEDIA HOLDINGS INC.
CEO and director
First Sentinel Corporate Finance Ltd (AQSE Corporate Advisor)
Brian Stockbridge +44 7876 888 011
The information contained in this press release is considered by the Company to constitute inside information within the meaning of the Market Abuse Regulation (EU) No. 596/2014. Upon publication of this announcement via a Regulatory Information Service, this privileged information is now considered to be in the public domain.
Certain statements contained in this press release are forward-looking statements, which reflect management’s expectations regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, and such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. There can be no assurance that any of the events anticipated by the forward-looking statements will occur or, if they occur, what benefits the Company will derive therefrom. These forward-looking statements reflect management’s current beliefs and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this press release.