Following the exciting news announcing the launch of our venture incubator; GDA Ventures, we are pleased to announce the first blockchain restructuring project that we are doing; MobileGo (MGO). The MobileGo project was initially launched in 2016 as the leading digital asset focused on gaming, with significant closed partnerships with companies including Unity and Xsolla, the gaming industries top game engine and one of the most utilized payment processing provider, representing potentially millions of users to integrate the MGO token. Similar to many of the early blockchain projects, MGO built a significant community and blockchain offering, while securing partnerships with top companies in the industry. The 2018 market crash combined with failed deliverables from various signed partners slowed the project down. Now, as crypto sees a revitalization, MobileGo has engaged GDA Ventures to restructure and revive the MGO project.
The MobileGo leadership team commented on their engagement with GDA Ventures by saying: “This is a huge step forward that will continue to bring innovation and originality to the blockchain gaming ecosystem; benefiting developers, gamers and everyone in between. We are very excited to work with GDA Ventures as their experience with venture incubation and development will help take MGO to the original heights set out in 2016, becoming an industry pioneer that bridges the gap between gaming and blockchain.
The MobileGo project was initially launched in 2016 in an environment that was still getting an understanding of the massive potential at the intersection of blockchain technology and the gaming industry. MGO co-founders were the first to recognize this in peer to peer gaming and unique asset ownership within video games. The market agreed and at its peak the MGO token had a market capitalization of over $200M and a significant community of participants.
GDA Ventures sees the potential digital assets have to revolutionize the gaming industry and recognizes the valuable market positioning and first mover advantage of MGO, as well as the valuable existing community and technology that has been created. In addition to gaming, GDA Ventures sees a significant opportunity for MobileGo to also penetrate the esports and metaverse gaming markets, both of which are underserved by existing digital assets at market.
The New MGO: One Token, Endless Possibilities
As a digital asset built on top of the Ethereum blockchain, MGO benefits from using the robust ERC-20 token protocol; creating a fungible and easily transferable token for gamers. On top of the powerful digital asset architecture and functionality built into the MGO digital asset, MobileGo has built several unique technology products that benefits gamers using MGO including:
- MGO Tournaments is a smart contract architecture to host peer-to-peer tournaments for gamers and their friends. By giving developers direct access to the MGO API suite, this architecture also adds value to developers by cutting down on time, cost, and technical know-how to launch tournaments, making this more accessible to gamers worldwide.
- MGO API allows developers to easily set up secure payment infrastructure so they can get paid directly in MGO, with the efficiency, scalability, and reliability offered through the ERC-20 token protocol.
- MGO Metamask Gateway allows gamers to easily buy games and make in-app purchases through metamask eliminating the need to shop through gaming stores and marketplaces, making it faster and easier to begin playing your favorite games.
- MGO Payments Gateway allows game developers to integrate MGO and use it in their games. Users who make payments with MGO will not spend ETH for Gas to make the transaction as gas will be taken with MGO. This is a very unique solution for ERC-20 tokens as it makes life easier for any user who wants to make a transaction.
- MGO Store is a place where gamers can buy their favorite games using MGO, creating a one-stop-shop ecosystem for developers, gamers, and MGO stakeholders.
With a host of new features that are on the horizon, GDA Ventures is excited to kickstart this new era of gaming by unleashing the true potential of the MGO token. GDA Ventures believes this project’s best days are still ahead and are thrilled to restructure MGO to usher in this new era of blockchain & gaming and bring the MGO tokens strong value proposition and sound technological infrastructure back to market. With GDA Ventures taking over the restructuring of the project, the MGO co-founders will withdraw their involvement from the project and will instead be working with GDA Ventures to install a new leadership team so the project can achieve the original goals set out in 2016.
There is certainly an exciting roadmap ahead and lots of exciting partnerships in development so we encourage everyone to follow the MGO socials and to stay on the lookout for exciting news and updates.
About GDA Ventures
GDA Ventures is a full-suite venture incubation studio specializing in emerging and disruptive technology. GDA Ventures supports the world’s most disruptive technology startups — helping them launch, scale globally, and solve their industry’s greatest challenges through emerging technology.
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About Mobile Go
Mobile Go is the next generation of gaming. Running on the Ethereum blockchain, Mobile Go is streamlining the complex and multi-faceted gaming industry by allowing developers, gamers, and all other stakeholders to spend, pay, and earn through a universal currency designed especially for gamers; the Mobile Go Token (MGO).
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