- SPYR eyes greater shareholder value, as the move is expected to increase revenues and profitability through fees charged to players for maintenance and trading of planets they “own”
- The blockchain technology integration will also allow SPYR to market planets held in the blockchain to others with space-themed games
- Pocket Starships players will have greater ownership of the planets they buy, and they will be able to execute P2P (player-to-player) transactions with cryptocurrencies, such as bitcoin
SPYR, Inc. (OTC: SPYR) has announced that it is executing the integration of blockchain technology into its Pocket Starships flagship game within its wholly-owned subsidiary, SPYR APPS, LLC (http://ibn.fm/OHREn). The result will be additional revenue from the integration of blockchain into Pocket Starships, the company said. In addition, the technology, marketed through SPYR, will also be available to others who have developed and published their own space-themed games.
Blockchain will hold planets in the Pocket Starships game. SPYR then anticipates generating more revenue by charging players for maintenance of the planets and by getting a percentage of the revenues on the buying, selling and trading of planets. Each planet held by blockchain will be unique and tradable on the public planet real estate market, SPYR said. Cryptocurrencies, such as bitcoin, can be used to buy and sell planets.
SPYR, Inc., is a Denver-based holding company which is eyeing additional acquisitions within the mobile application, game development and similar verticals markets. Its goal is to expand its holdings, generate more revenue and boost shareholder value by increasing profits.
In a news release, James R. Thompson, CEO and president of SPYR, said, “I believe 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.”
For more information, visit the company’s website at www.SPYR.com
