PALO ALTO, Calif., Jan. 4, 2022 /PRNewswire/ -- AeroCentury
Corp. ("AeroCentury" or the "Company") (NYSE American: ACY), today
announced that its wholly-owned subsidiary, Mega Metaverse Corp.
("MEGA")'s metaverse "alSpace" will starts to take player's
registration in the first week of January
2022, for test-play during the test-play period which will
last for 7 days for its first mini game "Mano". Additional mini
games will be launched in alSapce. To register for test-play,
visit: www.alSpace.com.
After successful registration, players can get one free testing
version of alBot ("alBot Tester"). alBot is a small intelligent
robot and is the player's avatar in alSapce which player can use to
play in all the mini games within alSpace. A player needs three
alBot Testers to test-play during the test-play period, however
with one alBot Tester, a player can access alSpace to learn more
about the game and how to play the game. Starting the second
registration day, a registered test player may access alSpace to
obtain additional free alBot Testers during 12:00-15:00pm (PST) and 18:00-21:00(PST) of the
test-play period. Up to a maximum of 2,000 free alBot Testers will
be given out during each time slot. There is no limit how many
times a player can access to obtain alBot Tester, however a player
can only obtain one alBot Tester at each time slot.
After the test-play period, pre-sale of our NFT blind box will
begin. The NFT blind box is a bundle of surprise items, of which
may include alBot, skill, equipment, but at least one alBot will be
included inside a NFT blind box. The alBot inside a NFT blind box
is the original edition, of which the supply is limited. After the
3 days sale period of the NFT blind box, players may begin to trade
their alBots or NFT blind box prior to the official launch of
alSpace with its first mini game Mano at the end of January 2022. Additional mini games will be
launched in alSpace starting March
2022.
alSpace deploys the concept of GameFi in the innovative
combination of NFTs (non-fungible token) and DeFi (decentralized
finance) based on blockchain technology, with a "Play-to-earn"
model that the players can earn while they play. The Company
believes it is the first NYSE AMEX listed company with GameFi
business operations.
Through the alSpace in-game forging system, players can forge
better, more powerful, and rarer alBots, with the endless
possibility of creating additional unique NFTs. Players
play-to-earn by collecting and forging higher quality alBots, while
learning new skills to power-up their alBot to battle other players
in the player-versus-player ("PVP") competitive arena. Players will
be able to extract and sell their alBots for profits or trade their
alBot for other digital assets in alSpace's marketplace.
"We are very excited to start the registration process to let
players try out alSpace. We are confident that our GameFi model
will bring out excellent profit-making opportunity for players so
that they can play and earn with our new NFT game," Said Mr. Tibbers Wong, CEO of
MEGA.
The gaming industry is very promising and continues to grow at a
fast rate. According to Mordor Intelligence, "The global gaming
market was valued at USD 173.70
billion in 2020, and it is expected to reach a value of
USD 314.4 billion by 2026,
registering a CAGR of 9.64% over 2021-2026." GameFi is one of the
hottest trends to emerge and is at the stage of explosive growth.
According to FX Empire, "Next year, the GameFi sector may exceed
200 billion."
Mr. Yucheng Hu, CEO of the
Company commented, "Leveraging the explosive growth of GameFi, we
anticipate our first game Mano will hit the GameFi world by storm,
offering gamers an entertaining gaming experience and source to
earn. We also anticipate our new GameFi business will bring good
revenue stream for the Company and promising returns for our
shareholders."
About AeroCentury Corp.
AeroCentury is a holding company, with subsidiaries of JetFleet
Corp., a Delaware corporation
which is an independent global aircraft lessor and finance company
specializing in regional aircraft and related engines, and Mega
Metaverse Corp. a California
corporation engaging in GameFi business.
Forward-Looking Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of
1995. When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose," and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees for future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: the ability to manage growth; ability to identify and
integrate other future acquisitions; ability to obtain additional
financing in the future to fund capital expenditures; fluctuations
in general economic and business conditions; costs or other factors
adversely affecting the Company's profitability; litigation
involving patents, intellectual property, and other matters;
potential changes in the legislative and regulatory environment; a
pandemic or epidemic; the inability to successfully launch
Mano; the occurrence of any event, change or other circumstances
that could affect the Company's ability to continue successful
development of its NFT games; costs related to the expansion and
promotion of the Company's GameFi business; the possibility that
the Company may not succeed in developing its GameFi business due
to, among other things, changes in the business environment,
competition or other economic and policy factors; and the
possibility that the Company's GameFi business may be adversely
affected by other economic, business, and/or competitive factors.
The forward-looking statements in this press release and the
Company's future results of operations are subject to additional
risks and uncertainties set forth under the heading "Factors that
May Affect Future Results and Liquidity" in documents filed by the
Company with the Securities and Exchange Commission, including the
Company's quarterly reports on Form 10-Q and the Company's latest
annual report on Form 10-K, and are based on information available
to the Company on the date hereof. In addition, such risks and
uncertainties include the Company's inability to predict or control
bankruptcy proceedings and the uncertainties surrounding the
ability to generate cash proceeds through the sale or other
monetization of the Company's assets. The Company undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Such information speaks only
as of the date of this release.
No Offer or Solicitation
This press release is for informational purposes only and shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
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SOURCE AeroCentury Corp.
