VIP Entertainment Signs CandiCode Platform Deal to Boost Alchemist Republic Content and NFT Monetization

VIP Entertainment Technologies Inc ( (TSE:VIP) ) just unveiled an update.

VIP Entertainment Technologies has entered into a one-year Platform Use and Content Operation Agreement with CandiCode to integrate and commercialize third-party digital content on its blockchain-enabled Alchemist Republic platform. The deal initially covers the upgraded RPG title AFK Battle: Idle Princess and CRUSH, a proprietary digital content platform, with a revenue-sharing model tied specifically to blockchain-enabled features such as NFTs and other tradable digital assets used by players. By bringing live-serviced game IP and a dedicated content platform onto Alchemist Republic, VIP seeks to demonstrate and monetize its infrastructure-level capabilities for tokenizing in-game assets, particularly for small and mid-sized studios, while the agreement’s related-party nature and requirement for TSX Venture Exchange acceptance underscore ongoing regulatory oversight as the company pursues its restructuring and growth strategy in digital gaming and Web3 content.

More about VIP Entertainment Technologies Inc

VIP Entertainment Technologies Inc. is a Vancouver-based company currently undergoing restructuring under new management, with a focus on stabilizing its financial position, restructuring outstanding debt and expanding global digital content platforms. The company aims to enhance its service offerings and create shareholder value through strategic partnerships and innovation in blockchain-enabled digital content infrastructure, particularly via its Alchemist Republic platform for tokenizing in-game assets and integrating NFT-based features for game developers.

Average Trading Volume: 426,554

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$140.3K

For an in-depth examination of VIP stock, go to TipRanks’ Overview page.