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Global Blockchain Technologies Says X2 Games To Become Its Main Business Focus

Global Blockchain Technologies Corp. or BLOC (BLKCF), which recently acquired creative game studio X2 Games, announced Friday its strategic plan.

The company acquired all of the issued and outstanding shares of X2 Games on December 17, 2018. With the acquisition, BLOC acquired all intellectual property rights to X2 Games' current game projects, including the digital interactive games for Amazon Alexa. One of these games, titled St. Noire, has a pre-release date set for early 2019, with three other Amazon Alexa games set to be launched in 2019.

BLOC and X2 Games have initiated a comprehensive strategy to optimize BLOC's assets towards gaming, eSports and AI. BLOC's assets will be leveraged to support X2's pursuit of disruptive gaming interfaces.

As a result of this new strategy, X2 Games will become the main business focus of BLOC, supported by its synergistic assets portfolio.

X2 Games Co-Founder, Chairman and CEO Nolan Bushnell said, "This transition will help X2's goal to revolutionize gaming and merge it with cinema and AI in exciting ways. At X2 Games we are always looking to find avenues for gaming in existing and emerging platforms. A primary component of our strategy is to tailor our products to the Smart-speaker, AI, mobile, AR and Interactive TV markets and gamify this space."

The transaction has introduced Bushnell, co-founder of Atari and Chuck E. Cheese's, and Hollywood creative director and visual effects visionary Zai Ortiz to BLOC's operations, as BLOC pivots to focus on gaming-related projects.

Following the release of St. Noire, the Company will release further games stemming from Bushnell's back catalogue of unreleased games and intellectual property.

The company noted that Amazon has sold more than 100 million devices with Alexa integrated smart assistance. By 2020, it is estimated that up to 75% of US households will have a smart-speaker. X2 Games will pursue this sector in the long term as it observes a large market opportunity to satisfy consumer demand in smart-speaker technologies.

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