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Amazon Alexa products among future offerings following Global Blockchain Technologies’ X2Games acquisition

Tony Zerucha

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Global Blockchain Technologies (CSE:BLOC.U) (OTC:BLKCF) this week announced its future strategy following the acquisition of X2 Games on Dec. 17.

As of Dec. 17, 2018 Global Blockchain Technologies acquired all of the issued and outstanding shares of X2 Games and added Nolan Bushnell, co-founder of Atari and Chuck E. Cheese’s, and Hollywood creative director and visual effects visionary Zai Ortiz as the company pivots to focus on gaming-related projects. They also acquired all intellectual property rights to X2 Games’ current game projects, including the digital interactive games for Amazon Alexa. One of these games, titled St. Noire, has a pre-release date set for early 2019, with three other Amazon Alexa games set to be launched in 2019. 

BLOC and X2 Games have initiated a comprehensive strategy to optimize BLOC’s assets towards gaming, eSports and AI. BLOC’s assets will be leveraged to support X2’s pursuit of disruptive gaming interfaces. As a result, X2 Games will become Global Blockchain Technologies’ main business focus of BLOC.

“This transition will help X2’s goal to revolutionize gaming and merge it with cinema and AI in exciting ways,” Mr. Bushnell said. “At X2 Games we are always looking to find avenues for gaming in existing and emerging platforms. A primary component of our strategy is to tailor our products to the smart-speaker, AI, mobile, AR and interactive TV markets and gamify this space.”

X2’s strategy will also explore the following sectors within the gaming market in the next 3 years:

  • Dynamic cinema;
  • Arcade;
  • Mobile;
  • VR / AR/ MR;
  • Geo adventure;
  • Mediated board games;
  • Streaming;
  • E-sports; and
  • Immersive theater.

X2 Games has an extended pipeline of Alexa based games in production. Following the release of St. Noire, the company will release further games stemming from Mr.  Bushnell’s back catalogue of unreleased games and intellectual property.

“Gamification will revolutionize the industry in how we think about gaming, and what we think of as a game,” Mr. Ortiz said. “Future of interactive games is the merging of cinema, gaming, and AI – X2 is well positioned to take advantage of this rapidly growing industry.”

Amazon has sold more than 100 million devices with Alexa integrated smart assistance. By 2020, it is estimated up to 75 percent of US households will have a smart-speaker. X2 Games will pursue this sector in the long term as it observes a large market opportunity to satisfy consumer demand in smart-speaker technologies. 

The global smart speaker market size is expected to reach revenues around $19 billion by 2023, growing at a CAGR of approximately 31% through 2023.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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