PALO ALTO, Calif., Dec. 10, 2021
/PRNewswire/ -- AeroCentury Corp. ("AeroCentury" or the "Company")
(NYSE American: ACY), today announced that it launched its GameFi
business in the metaverse ecosystem through its wholly-owned
subsidiary, Mega Metaverse Corp., a California company incorporated on
October 20, 2021 ("MEGA"). MEGA plans
to release its first NFT game "Mano" in
first quarter of 2022. Mano is a competitive idle
role-playing game (RPG) deploying the concept of GameFi in the
innovative combination of NFTs (non-fungible token) and DeFi
(decentralized finance) based on blockchain technology, with a
"Play-to-earn" model that the players can earn while they play in
MEGA's metaverse universe "alSpace". The Company believes it is the
first NYSE AMEX listed company with GameFi business operations.
Mano will be the first NFT game released by MEGA. Mano's main
character is a small robot "alBot", which the supply of the
original alBot is limited and each alBot will have a unique design
and each a unique NFT. Through the in-game forging system, players
can forge better, more powerful, and rarer alBots, with the endless
possibility of creating additional unique NFTs. In order to play
Mano, players will need to create and prefund a cryptocurrency
wallet to purchase starter items such as characters and
accessories. Mano pre-launch's in-game characters and accessories
(limited quantity) are available for sale around the end of December
2021 for a limited time, and the official game will
be launching in first quarter of
2022. The pre-launch's in-game characters and accessories
may be purchased at: www.alSpace.com.
In Mano, players play-to-earn by collecting and forging higher
quality alBots, while learning new skills to power-up their alBot
to battle other players in the player-versus-player ("PVP")
competitive arena. In the future, players will be able to extract
and sell their alBots for profits or trade their alBot for other
digital assets in alSpace's marketplace.
MEGA's mission is to bring GameFi to the next level to enable
users to play and earn in the metaverse. While all future games are
supported in our alSpace universe, MEGA's key plans going forward
include: (i) NFT games with Mano as its first game and many other
games to launch, (ii) an engine and studio where creators can
create their own games and launch in our alSpace launch pad, and
(iii) a marketplace where players and users can place their in-game
NFT and other NFT to sell for profit or to trade for other digital
assets. MEGA's proposed revenue model is: (a) sales of in-game
characters and accessories, (b) revenue share of games built by
creators using our engine and studio and to launch games in alSpace
launch pad, and (c) profit share for NFT sold or traded at alSpace
marketplace.
The gaming industry is very promising and continues to grow at a
fast rate. According to Mordor Intelligence, "The global gaming
market was valued at USD 173.70
billion in 2020, and it is expected to reach a value of
USD 314.4 billion by 2026,
registering a CAGR of 9.64% over 2021-2026." GameFi is one of the
hottest trends to emerge from the crypto industry and is at the
stage of explosive growth. According to FX Empire, "Next year, the
GameFi sector may exceed 200 billion".
"We are well positioned to become a leader in the GameFi
industry. We have a world class team with proven track records of
success," said Mr. Yucheng Hu, CEO
of AeroCentury, with over 15 years of experience in the internet
and gaming industry. MEGA is headed by its CEO, Mr. Tibbers Wong.
Tibbers has been part of the gaming industry since 2005, and he was
the former producer of a game
studio of Tencent Holdings
Ltd. Tibbers has led the development and released games across a
wide variety of genres, such as board
games, Massively Multiplayer Online (MMO) games, sports,
racing, among others, in over 200 countries and regions, and has
delivered high-quality gaming experiences to hundreds of millions
of players worldwide, with user bases of over 300 million and
revenue of over 2 billion. Tibbers is supported by MEGA's CTO, Mr.
Raison Xiong, who has been in the
gaming industry since 2004, and was the former technical
director of a game studio of
Tencent Holdings Ltd.
Mr. Yucheng Hu also commented,
"Leveraging the explosive growth of GameFi, we anticipate our first
game Mano will hit the GameFi world by storm, offering gamers an
entertaining gaming experience and source to earn. We also
anticipate our new GameFi business will bring good revenue stream
for the Company and promising returns for our shareholders."
About AeroCentury Corp.
AeroCentury is a holding company, with subsidiaries of JetFleet
Corp., a Delaware corporation
which is an independent global aircraft lessor and finance company
specializing in regional aircraft and related engines, and Mega
Metaverse Corp. a California
corporation engaging in GameFi business.
Forward-Looking Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of
1995. When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose," and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees for future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: the ability to manage growth; ability to identify and
integrate other future acquisitions; ability to obtain additional
financing in the future to fund capital expenditures; fluctuations
in general economic and business conditions; costs or other factors
adversely affecting the Company's profitability; litigation
involving patents, intellectual property, and other matters;
potential changes in the legislative and regulatory environment; a
pandemic or epidemic; the inability to successfully launch
Mano; the occurrence of any event, change or other circumstances
that could affect the Company's ability to continue successful
development of its NFT games; costs related to the expansion and
promotion of the Company's GameFi business; the possibility that
the Company may not succeed in developing its GameFi business due
to, among other things, changes in the business environment,
competition or other economic and policy factors; and the
possibility that the Company's GameFi business may be adversely
affected by other economic, business, and/or competitive factors.
The forward-looking statements in this press release and the
Company's future results of operations are subject to additional
risks and uncertainties set forth under the heading "Factors that
May Affect Future Results and Liquidity" in documents filed by the
Company with the Securities and Exchange Commission, including the
Company's quarterly reports on Form 10-Q and the Company's latest
annual report on Form 10-K, and are based on information available
to the Company on the date hereof. In addition, such risks and
uncertainties include the Company's inability to predict or control
bankruptcy proceedings and the uncertainties surrounding the
ability to generate cash proceeds through the sale or other
monetization of the Company's assets. The Company undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Such information speaks only
as of the date of this release.
No Offer or Solicitation
This press release is for informational purposes only and shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
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SOURCE AeroCentury Corp.