Robot Cache and WAX Form Strategic Alliance to Enable Gamers and Publishers to Embrace Cryptocurrencies

GRAND CAYMAN, Cayman Islands, Jan. 25, 2018 /PRNewswire/ -- Robot Cache, the first decentralized PC video game distribution platform that benefits publishers, developers and gamers, and Worldwide Asset eXchange (WAX), a blockchain platform for global trading of online video game assets, today announced a strategic alliance to share cryptocurrencies and cross promote.

"WAX sees the future of online video game purchases enhanced by smart contracts and blockchain based technology," said Malcolm CasSelle, President of WAX and CIO of OPSKins. "Once publishers and gamers realize the benefit of reduced costs and ease of use to acquire games using WAX on Robot Cache, the industry will never be the same."

"We've been very impressed with the WAX business model and we have great opportunity to work together to promote our complimentary businesses. WAX has access to millions of gamers throughout the world and we believe we can accelerate our respective growth by working together," says Lee Jacobson, CEO of Robot Cache.

As part of the agreement, Robot Cache will accept WAX tokens as payment. Tapping into the massive and ever-growing WAX community will help grow the Robot Cache ecosystem faster, while providing WAX with another site for WAX holders to use their tokens. The strategic alliance calls for mutual cross promotion with Robot Cache air dropping IRON tokens into the WAX community, so users can use them to purchase digital PC video games. 

ROBOT CACHE
Utilizing blockchain technology, Robot Cache will reduce the fees publishers and developers pay by 80% and allow gamers to resell their digital PC video games.  Developers and publishers benefit from the lowest transaction fees of any digital PC video game distribution platform. Everyone from the smallest indie team to the biggest publishers, will retain up to 95% of the sales proceeds, which is 25% higher than the current industry standard. In addition, Robot Cache's revolutionary digital resale market allows developers and publishers to set resale pricing and earn 70% of the resale proceeds.

Gamers greatly benefit from Robot Cache's unique distribution approach. Previously, gamers could only resell physical retail copies of a video game, but now they can resell digital games purchased on the Robot Cache platform using the blockchain and retain 25% of the proceeds from the resale. Selling their digital games earn them digital tokens, named IRON, Robot Cache's cryptocurrency, which they can use toward the purchase of another game on the Robot Cache platform. In addition, gamers can opt-in within the Robot Cache client to mine IRON which they can then use to buy games on the platform. 

WAX
The virtual item trading industry is currently fragmented across hundreds of competing marketplaces, each utilizing different business practices tailored to their country and region. The WAX solution is a global virtual item repository that provides a complete, real-time catalog of all items available. By leveraging blockchain technology, WAX unites gamers and marketplaces enabling security, fraud mitigation and expedited settlement. WAX Tokens allow gamers to quickly and easily harness the power of fully developed, highly complex virtual goods exchanges.

Advisors to WAX include "Call of Duty" creator and developer Dave Anthony, Interplay Entertainment and inXile Entertainment Founder Brian Fargo, Kenneth D. Cron, former CEO of Vivendi Universal Games, which included Blizzard Entertainment ("World of Warcraft") and Ethereum Co-Founder Anthony Di Iorio.

For more information about Robot Cache, please visit www.robotcache.com.
For more information about WAX, please visit www.wax.io

ABOUT ROBOT CACHE
Robot Cache is the first ever decentralized PC video game distribution platform with a revolutionary digital resale model utilizing the blockchain.  Robot Cache allows publishers to keep significantly more revenues than other distribution platforms and gives gamers, for the first time ever, the ability to re-sell their digital games. Founded by video game legend Brian Fargo, Robot Cache is led by video game luminaries such as Lee Jacobson (CEO), Mark Caldwell (CTO) and Philippe Erwin (GC & VP of Business Development). Robot Cache's advisory board includes a mix of video game and blockchain experts: Anna Sweet, Nolan Bushnell, Michael Maloney, Chris Keenan, Gordon Einstein, Scott Walker and Keven Baxter. For more information, please visit www.robotcache.com or follow @RobotCache at Twitter or RobotCache on Facebook.

ABOUT WAX
WAX is a functional utility token that supports a decentralized platform, enabling anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure or payment processing. Developed by the founders of OPSkins, the world's leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect and trade video game assets and crypto collectibles. With the inclusion of the WAX simple exchange widget, gamers will have access to a worldwide market with blockchain trust and transaction verification. For more information, please visit https://wax.io.

FORWARD LOOKING STATEMENTS
Certain information set forth in this press release contains "forward-looking information" under applicable securities laws. Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, (i) the completion of, and the use of proceeds from, the sale of SAFTs; (ii) the expected development of Robot Cache's business, projects, and strategic partnerships; (iii) the execution of Robot Cache's vision and growth strategy, including with respect to future global growth; (iv) the sources and availability of third-party financing for Robot Cache's projects; (v) the completion of Robot Cache's  projects that are currently underway, in development or otherwise under consideration; (vi) Robot Cache's ability to launch a fully-functional platform, which includes the related creation and issuance of IRON; (vii) renewal of Robot Cache's current customer, supplier, and other material agreements; and (viii) Robot Cache's future liquidity and capital requirements. Forward-looking statements are provided to allow potential purchasers of SAFTs the opportunity to understand management's beliefs and opinions in respect of the future. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Robot Cache undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

SECURITIES DISCLAIMER
This press release is for informational purposes only and does not constitute an offer or solicitation to sell securities. Any such offer or solicitation will be made only by means that are in compliance with applicable securities and other laws, including Rule 506(c) of Regulation D under the United States Securities Act of 1933, as amended. No information or opinions presented herein are intended to form the basis for any purchase decision, and no specific recommendations are intended. Accordingly this press release does not constitute investment advice or counsel or solicitation for investment in any security. This press release does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. Robot Cache expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this press release, (ii) any error, omission or inaccuracy in any such information, and (iii) any action resulting therefrom.

Robot Cache, OPSkins, WAX, Crypto Collectibles and Blockchain Collectibles are registered trademarks. All registered or unregistered trademarks are the sole property of their respective owners.

MEDIA CONTACTS:
Jackie Eicholz
WAX
831.401.3175
[email protected]

Jim Redner
Robot Cache
[email protected]

SOURCE WAX

Related Links

http://wax.io