Global Blockchain Acquires X2 Games, Founded By Video Godfather Nolan Bushnellbr>
Global Blockchain Technologies Corp.(BLOC) has acquired game creators X2 games and will be creating a subsidiary entity for its enterprise and exchange activities, merging its remaining media and entertainment investments and projects with those of X2 Games Corp.
No details were provided on the terms of the transaction. Global Blockchain’s announcement said more details about the component assets of the spinout for shareholders of record as of November 15th, 2018 will be forthcoming.
X2 Games is an independent games publisher that integrates blockchain technology and cryptocurrency into the user game experience. Their business model is building multiplayer gaming experiences, providing design and animation services, and integrating technologies such as augmented/alternate/virtual reality into video games.
The company was created by the so-called Godfather of the Video Game Industry, Nolan Bushnell, created X2 Games. Atari, founded over 40 years ago, gave the world the first blockbuster video game. Bushnell later spearheaded the Atari 2600 console, which revolutionized the home gaming market.
Bushnell also created Chuck E. Cheese, a pizza parlor and video game entertainment center-hybrid that quickly became popular with children and adults across the United States and the entire world. Legendary in the industry he helped create, Bushnell has been named one of the “50 People Who Changed America” by Newsweek. He has also been inducted into both the “Video Game Hall of Fame” and the Consumer Electronics Association Hall of Fame.
The management of X2 Games also includes Zai Ortiz , President, co-Founder and chief creative officer. He is a digital animator who created Iron Man’s J.A.R.V.I.S. system holograms, as seen in Marvel movies. Ortiz also supervised creative teams in producing visuals for films including TRON: Legacy, Sherlock Holmes, and Mission: Impossible. As
X2 Games’ business model aligns well with Global Blockchain’s existing efforts that relate to the tokenization of gaming platforms. Post-acquisition, BLOC will be focused on applications of blockchain technology to the video game, eSports and entertainment industries. It will continue to work on its existing projects, alongside the development of X2 Games’ existing projects. Bushnell will become the co-Chairman and CEO of BLOC.
“Creativity is every company’s first driver,” Bushnell said. “It’s where everything starts, where energy and forward motion originate. Without that first charge of creativity nothing else can take place’. This acquisition by BLOC will integrate X2 Games’ innovative game development studio and intellectual property within BLOC’s portfolio of Blockchain assets allowing new and revolutionary games to be developed together.”