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Pension - thanks for the post - this is getting very interesting
Pioneer Launches “MetaKit” Its Proprietary web3 Gaming Platform
https://www.globenewswire.com/en/news-release/2022/10/03/2526507/0/en/Pioneer-Launches-MetaKit-Its-Proprietary-web3-Gaming-Platform.html
that really is quite something Pension.
the value builds in both companies... when we have a definitive valuation for both, we should be nearer 1p rather than a tenth of that .
good day all !!
That is seriously impressive and really exciting to see Dynasty continue to build it's customer base.
Agree with Blubutton.
When we finally get a value tis will take off again.
So cheap right now.
Thanks
That should have rns’d
Here’s How Web 3.0 will Revolutionize the Gaming Industry
https://crypto.news/heres-how-web-3-0-will-revolutionize-the-gaming-industry/
This is interesting - Matt Lodge and Crispin Tristram are listed as part of the Pioneer team and Mike Edwards is Chairman
https://www.p10neer.com/
Going live Q4 2022
https://www.metakit.games/
Under the Agreement, Pioneer has granted Dynasty an exclusive license to publish, market, promote and distribute its portfolio of games to its partners throughout Southeast Asia, India, and Australia. Pioneer is using its proprietary MetaKit platform to remove player onboarding friction, accelerate game speed to market and provide great web3 games driven by loyal player communities on the blockchain. The Company already has a robust pipeline of games across multiple genres ready for launch in the next six to twelve months.
Ragnarr, your research is invaluable, many thanks for sharing and keeping us all in the loop.
Also thanks everyone else that shares their research as we are all here for the same reason.
ATB. Enjoy your weekend.
For info - Companies that Pioneer Media Holdings have bought over the last year
https://www.larvalabs.com/cryptopunks
https://www.kodokustudios.com/#aboutus
https://roundhousemc.com/
https://ngmi.biz/
https://crowdform.studio/
Thank you for the research pension, great find.
Been looking at what the potential Dynasty value could be and a lot happened since the $50m fundraise evaluation in April 202.
Firstly they added two quality leadership hires
David Baxby as Chairman – previous experience as CEO Virgin Group Pacific Region and co-CEO Virgin Group
Daniel Horan as Chief Customer Office – Previous experience CEO Vodafone Quarter, CMO Saudi Telecom Axis Indonesia, working on partnerships with Spotify, NBA, Disney, Netflix and Google.
At the March 2022 results it was confirmed that The proprietary EPM platform with Malaysia esports federation (www.mesf.gg) went live and a fully embedded gaming shop in partnership with Boost, Malaysia’s largest e-wallet provider.
It was also confirmed that Jan 2021 the company was in profit with growing cashflow and a healthy balance sheet.
April 2021 they announced three new multi-year agreements.
A platform was launched with Malaysia’s leading Telecoms in Feb 2021 “launched to millions of potential customers and already experienced significant registered and paying user traction”.This has since been confirmed in the Sept update as being Maxis Bhd (maxis.com.my) and “The initial traction has far exceeded expectations” Maxis Bhd have approx. 11 million customers.
A Partnership with New Zealand’s Largest Telco. The largest Telco in New Zealand appears to be Spark (www.spark.co.nz with a market cap of around 9.6 billion NZD. The second largest is Vodaphone. It was not confirmed exactly what the details of the agreement was for.
A “market leading Indian Group that operates within the digital payments, sports and media industries with a 330 million customer base. The agreement was for a NFT marketplace platform. No additional information. I have searched NFT marketplaces based in Iindia and there are only two that I can find that launched in 2021. Bollycoin (wwwbollycoin.com) and Jupiter meta (www.jupitermeta.io) but I can find no link to Dynasty on either.
At this time they also confirmed a change in revenue strategy away from a standard SAAS model to a more integrated fixed license fee and managed service with revenue share providing significantly higher revenue that the previous model
The September update then confirmed an agreement with Lets Play Live Ltd, Australias largest tournament organizer and gaming content creator (www.letsplay.live) and a scheduled platform launch is set for Jan 2023. A quick check shows they have worked with the likes of Playstation, Sony and Logitech and have 385,000 members.
The update also stated that there were a number of other multi year contracts which are subject to confidentiality, and they also stated that they were in ongoing discussions with large telcos and tech companies, and the scale of these contracts, if successful would be “significantly larger than existing partnership agreements”
And finally they recently entered a game publishing agreement with Pioneer Media Holdings with a focus on Web3 gaming.
So valuation ? well its actually quite clear that the IPO has been postponed, which under current market conditions is the right thing to do and growth is clearly moving at quite a rate so it makes sense to monetise all these new agreements, eventually providing a much higher valuation when the market is in a better place and the profit/revenue is proven. And of course there is always the buyout possibility.
Whatever way you look at it Dynasty is worth far more now than at the $50m valuation early 2021, its impossible to know by how much but I do think it will be in multiples by the time we get to calculate it properly.
Superb researching ragnarr,many thanks.
Ragnarr
As ever, superb work, keep on keeping on sir
Respect to you
Ouz
suspect they will get another strategic investor which will offer the implied valuation i have alluded to previously.
then IPO over 12 months.
either way, both overdue, though understandable given market volatility, war, inflation, interest rates. liz truss etc
atb
blu
Gazzleberry - Good point - I suppose at the time (late 2021) an IPO seemed like a good idea, and if you remember Matt lodge even replied on a shareholders e-mail in November 2021 (i think) basically saying it would happen end of Q1. One of the reasons the SP went into the 60s.
I like to think it has just been a change of circumstances as I assume the first three large contracts came in, and the bear market became clear etc…. or am I being too forgiving ?
As John Maynard Keyes once said “ When the facts change, I change my mind, what do you do sir”
PS - Im in MXC as well :-(
Gazzleberry - Any thoughts on Aptos ?
Sorry everyone for off thread question.
So who is the desperate seller? Fair play if they want to sell so many. But why so low and why now? Thanks
Gazzleberry - I get the impression the launch was a bit rushed and not really ready, Late tokenomics, had problems with communication and nowhere near the proclaimed TPS rate. Bit big backers.
Polkadot on the other hand.
Polkadot hits all-time high in development activity
https://cointelegraph.com/news/polkadot-hits-all-time-high-in-development-activity