DENVER, Jan. 09, 2018 (NewMediaWire) -- SPYR, INC. (OTC Pink:
SPYR), a holding company with a wholly owned subsidiary in the
mobile game & app development and publishing industry, today
announced that it will be integrating Blockchain technology into
its flagship game, Pocket Starships, and currently is taking steps
to execute the integration.
According to the Harvard Business Review,
Blockchain is "an open, distributed ledger that can record
transactions between two parties efficiently and in a verifiable
and permanent way." Blockchain, combined with the use of
cryptocurrencies like Bitcoin and others, allows games to be
connected to the real-world economies through crypto exchanges and
P2P (player-to-player) transactions. Since cryptocurrencies
can be traded on an exchange or between people, it opens an
opportunity for funding using the in-game currency.
In SPYR’s new “Blockchain Universe,” players of Pocket Starships
will be able to purchase a planet that will exist on the blockchain
and will create resources for that player. Players will be
able to buy their planets with cryptocurrency. Each planet
will be wholly unique and will be buyable, sellable and tradable on
a public planet real estate market.
SPYR’S Blockchain Universe plan includes the release of new
planets on a regular basis. Because the planets will reside
in the blockchain, they will be capable of integration and use
within space-based games developed and published by others, not
just in Pocket Starships.
Players will have more ownership of the planets they purchase.
With a Blockchain record, players are guaranteed ownership,
which gives their planets value to both the owner and other
players. This will make players more likely to spend money in
the game because a chance to “cash out” by selling your planets
keeps them active but at the same time, allows players to recover
some funds that they deposited.
SPYR will generate revenue by charging for the upkeep of planets
and by getting a percentage of purchase prices on the sales and
trades of planets.
SPYR’s CEO and President, James R. Thompson, stated, “Our SPYR
team has worked diligently to come up with the best way to first
incorporate Blockchain technology into Pocket Starships. I
believe that we have come up with a very exciting way to implement
Blockchain technology both within and beyond Pocket Starships.
The ability to own a planet that creates in-game resources is
something that will appeal to our players and keeping the planet on
the blockchain will allow SPYR to work with other developers and
publishers to have the planets exist in any number of space-themed
games.”
About SPYR
SPYR, INC. is a holding company that through its wholly owned
subsidiary SPYR APPS, LLC, is engaged in mobile application and
game publishing and development. The Company is currently
exploring opportunities for additional acquisitions in these and
other verticals, including mobile application and game development,
in order to expand its holdings, to drive and increase revenue
and to generate profits and build value for shareholders.
Safe Harbor Statement:
This release contains forward-looking statements that are based
upon current expectations or beliefs, as well as a number of
assumptions about future events. Although we believe that the
expectations reflected in the forward-looking statements and the
assumptions upon which they are based are reasonable, we can give
no assurance or guarantee that such expectations and assumptions
will prove to have been correct. Forward-looking statements are
generally identifiable by the use of words like "may," "will,"
"should," "could," "expect," "anticipate," "estimate," "believe,"
"intend," or "project" or the negative of these words or other
variations on these words or comparable terminology. The reader is
cautioned not to put undue reliance on these forward-looking
statements, as these statements are subject to numerous factors and
uncertainties, including but not limited to: adverse economic
conditions, competition, adverse federal, state and local
government regulation, international governmental regulation,
inadequate capital, inability to carry out research, development
and commercialization plans, loss or retirement of key executives
and other specific risks. To the extent that statements in this
press release are not strictly historical, including statements as
to revenue projections, business strategy, outlook, objectives,
future milestones, plans, intentions, goals, future financial
conditions, events conditioned on stockholder or other approval, or
otherwise as to future events, such statements are forward-looking,
and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks
and uncertainties that could cause actual results to differ
materially from the statements made. Readers are advised to review
our filings with the Securities and Exchange Commission that can be
accessed over the Internet at the SEC's website located
at http://www.sec.gov, as well as SPYR’s website located
at http://www.spyr.com, and SPYR’s community channel on
Twitter located at https://twitter.com/spyrinc.
Investor Relations Contact:Marlin Molinaro
Marmel Communications, LLC(828) 669-0616
mmolinarofc@gmail.com
