Digital ecosystem company, NextPlay enhances its digital business ecosystem by acquiring artificial intelligence (AI) game development technology from Fighter Base Publishing, Inc. (FBP) and crypto asset management technology from Token IQ. The digital advisers, consumers, video gamers, etc get an enhanced experience through the deal.
Assets, patents, and video game development technologies along with their Make it Games (MIG) brand of FBP have been acquired by NextPlay. Game or film characters can be animated, and more lifelike appearance and behavior can be given using proprietary AI animation tools of FBP. This will enable producers to do traditional animation economically and quickly.
“We see MIG’s AI technology enabling not only rapid game development, but also faster ad creation, advertising optimization, and richer metaverse experiences across our NextPlay ecosystem. We believe that it will support faster product time-to-market and higher-margin digital asset monetization, as well as potentially generate licensing revenue from game and film studios, ad agencies, and content creators,” said NextPlay co-CEO Nithinan ‘Jessie’ Boonyawattanapisut.
NextPlay acquired the assets of Token IQ, Inc., a pioneer in digital asset management and smart compliance token technology. Using Know Your Customer (KYC) issues, anti-money laundering (AML), and shareholder rights enforcement, legal and regulatory compliance related to digital assets are integrated using distributed ledger installed through Token IQ’s IP. These are the most prevalent issues now plaguing the cryptocurrency markets. The Token IQ technology will be first deployed by NextPlay through its NextBank International and Longroot Thailand subsidiaries, where it will be utilized to better and more securely service our bitcoin consumers. Licensing partners can also use the technology.
“Given its powerful capabilities, we expect Token IQ technology to eventually become core to all of our products and services as we focus on delivering consumer-engaging products across multiple media channels. This ranges from our Longroot asset-based cryptocurrencies, digital insurance tokens, HotPlay in-game tokens, and to our future NextBank fintech services,” added, Nithinan ‘Jessie’ Boonyawattanapisut.
NextPlay will benefit from Token IQ’s software development expertise, which will help with the integration of the technology across the company’s multiple digital channels as well as the development of its Intellectual Property (‘IP’).
