press release
PRESS RELEASE. Geopoly has announced the launch of a blockchain-based alpha version of the game, which will be playable via desktops. This is a game in which players can interact with the blockchain along with their respective Geopoly non-fungible tokens while simultaneously enjoying the gameplay and earning an income at the same time. Moreover, NFT holders who are actively playing the desktop game are also entitled to receive $GEO tokens on a weekly basis as compensation for their time and efforts. In addition, Geopoly also has a mobile and freemium version which enable users to play the game for free. Afterwards, if the players wish to do so, they can even ‘win and earn’ by shifting to the blockchain version with the same credentials which will allow them to pick up right where they left off in the desktop version. In terms of what it is, Geopoly may hence best be understood as an economic simulator which enables people to rent, purchase, improve, and actually sell estate as well as business assets based on their geolocation. Geopoly has been constructed through a system which relies on both off-chain and on-chain layers which are then utilized to provide users with a real-world-oriented dynamic, immersive and memorable gaming experience. What else is there to know about Geopoly? Beginning in July, the ‘Geopoly Auctions’ market shall open, allowing players to sell their NFTs at a price they choose while others can bid on them for a minimum of 24 hours. The NFT will then be awarded to the highest bidder. This is a brand new and exciting way for NFT holders to sell their non-fungible tokens and profit, in addition to also being able to buy an NFT from another player or through Geopoly itself. This month’s auctions include landmarks such as the Hollywood Sign, Ponte Vecchio, Flame Towers, London Eye,, Seul Tower and Maracana Stadium. Moreover, a number of popular NFTs have already been sold including the likes of Louvre Museum and even world-renowned stadiums such as Santiago Bernabeu, Camp Nou, Old Trafford, and Wembley. Furthermore, Geopoly has recently partnered up with NextNav , which will provide the technology that Geopoly shall implement into its framework in the future. This shall include NextNav’s 3D geolocation functionalities, allowing for more dynamic virtual experiences linked to users’ real-world environments and leveraging location verification in order to confirm transactions as well as interactions within the metaverse. Essentially, building the metaverse requires 3D geolocation technology. With that in mind, NextNav’s technology would not only power in-game experiences, but it shall additionally be a critical authenticator of location-oriented activities such as exclusive exhibitions, NFT scavenger hunts, and transactions pertaining to digital land and real estate. Last but not least, Sebastian Borget, one of the main advisors, will also be working with Geopoly which is additionally a proud member of the Blockchain Game Alliance (BGA). Sebastian is also the COO of The Sandbox (SAND), one of the most popular P2E metaverse-based games today. Past accomplishments and future goals
Geopoly was released on mobile in 2018 and was included in the list of the four most innovative mobile games on iOS by the Apple Latam team during the soft launch period. Additionally, it was chosen from 1,700 applicants from 37 nations to take part in the 2019 Global GOOGLE Indie Games Accelerator. Geopoly has also collaborated with Seedify, Enjinstarter, Poolz, and NFTPad by Trustpad to launch the public sale of $GEO tokens, which can also be earned through Geopoly NFTs. It is additionally supported by leading blockchain platforms such as GD10, AU21, X21, Polygon, and various other notable entities. Lastly, within 48 hours of its launch, the private sale had reached its hard cap of $3 million. This achievement demonstrates that investors regard Geopoly as a platform with great promise to become one of the biggest gaming hubs within the blockchain space going forward. In terms of future goals, Geopoly will continue to develop and improve their product while also expanding their player base. In order to make the game more fun and exciting, the team is also working on introducing a PvP mode, where players would be able to attack each other’s ‘Branches’, steal non-tokenized resources, and defend their own territories in this upcoming new game mode. About Geopoly
Conventional finance-based simulation games have various flaws because only publishers tend to reap the rewards. In such situations, gamers usually only act as end-users who buy in-game items with no opportunity to earn rewards outside of the game. The industry has since been transformed by the innovative usage of blockchain technology, which allows all kinds of assets within the game to be successfully traded for different tokens which may be subsequently turned into fiat currencies. Geopoly, with its groundbreaking gaming ecosystem, is among the platforms at the forefront of this new digital revolution. Geopoly has selected Polygon as the foundation for its on-chain game. Polygon is a Layer-2 blockchain protocol which provides scalability as well as low transaction costs via the Ethereum blockchain. Now, thanks to the launch of the aforementioned alpha version, Geopoly is ready to take the next step as per its official roadmap. For more information and regular updates, visit Geopoly’s official website and the Twitter , Telegram , Medium and Discord channels.

Geopoly Launches Alpha Version Of Blockchain-Based Game

press release PRESS RELEASE. Geopoly has announced the launch of a blockchain-based alpha version of the game, which will be playable via desktops. This is a game in which players can interact with the blockchain along with their respective Geopoly non-fungible tokens while simultaneously enjoying the gameplay and earning an income at the same time. […]
The post Geopoly Launches Alpha Version Of Blockchain-Based Game appeared first on Business Telegraph.

May 12, 2022 16:05 ET
 Extends Leadership Position in 3D Geolocation, with New Partnerships in Public Safety, Gaming and IOT
NextNav’s 3D Geolocation Data is Powering the Metaverse, Offering a Novel Approach to Authenticating Transactions
MCLEAN, Va., May  12, 2022  (GLOBE NEWSWIRE) -- NextNav (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s first quarter ended March 31, 2022. Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “We are off to a solid start to the year as we expand on the foundational work behind building the future of next generation GPS. We continue to see strong momentum in the adoption of vertical location capabilities with our Pinnacle service across markets, including public safety, gaming and IoT, helping to drive $1.2 million in revenue in the first quarter. We are also making strong progress building towards the launch of our TerraPoiNT network, with its market leading accuracy and reliability continuing to be validated by independent agencies and groups at both the government and industry level. We remain encouraged by the traction we're gaining in key markets and with notable platforms and partners and are excited for the opportunities ahead.”
Recent Operational Highlights:
NextNav Partners With NGA to Bring Vertical Location to the NG9-1-1 Community: In April 2022, NextNav partnered with NGA 911, LLC (NGA) to provide actionable vertical location to its ever-growing public safety client base. Using the NGA-powered NGCS ESInet , agencies gain greater situational awareness and benefit from a common picture of Emergency Communication Centers (ECCs) in a single framework. GeoComm Partners With NextNav to Improve Emergency Response Indoors: In May 2022, NextNav announced a partnership with GeoComm, one of the leaders in map data and location intelligence for Public Safety. Through the partnership, GeoComm will be able to convert position information and make it actionable – converting to street address, building, floor information making it more actionable. NextNav, Widow Games Bring First-Ever 3D Geolocation Authentication to the Metaverse: In April 2022, NextNav announced that it is partnering with Widow Games to bring NextNav’s 3D geolocation capabilities to their applications, enabling more immersive virtual experiences tied to the real environments of users, and leveraging location verification to validate transactions and interactions in the metaverse. echo3D Partnership to Unlock New Metaverse Experiences: In February 2022, NextNav announced that it has partnered with echo3D, a cloud platform that is revolutionizing the way 3D, augmented reality (AR) and virtual reality (VR) content is stored and streamed to provide echo3D developers with the crucial 3D location data needed to build immersive AR and VR content built on top of the physical world. NextNav Partners with Last Mile Technology to Enhance Asset Tracking: In April 2022, NextNav announced a partnership with Last Mile Technology, a provider of proprietary asset movement and sensor event analysis services, to enhance vertical location capabilities of their asset tracking solutions. With vertical location intelligence powered by NextNav’s Pinnacle service, Last Mile’s Multi-function Asset Tracker can now report precise 3D geolocation data of any asset via API, web, or mobile applications. Three Months Ended March 31, 2022 Financial Highlights:
Revenue: was $1.2 million in the three months ended March 31, 2022, as compared to $251 thousand in the prior year period, primarily driven by increased revenue from technology and services contracts with commercial customers. Operating Loss: was $16 million in the three months ended March 31, 2022, including $7.2 million in stock compensation expense, as compared to an operating loss of $12.6 million in the prior year period, including $5.3 million related to issuance of vested warrants for rent expense. Net Loss: was $9.7 million in the three months ended March 31, 2022, including a gain of $6.4 million related to the change in fair value of warrants, as compared to $27.1 million in the prior year period, including a loss of $11.7 million related to a change in the fair value of warrants. Balance Sheet: As of March 31, 2022, the Company had $93.8 million in cash and was debt-free. Conference Call Information
NextNav will host a conference call for analysts and investors at 5:00 PM ET on May 12, 2022, to discuss its financial results for the first quarter 2022 and business outlook. To access the call, please register by visiting the following website: https://conferencingportals.com/event/jDTlaQAq . Upon registering, each participant will be provided with call details and a registrant ID. NextNav is also providing an investor relations presentation with information on its business and operations, which is available in the investor relations section of the NextNav website at https://ir.nextnav.com . Analysts and investors are directed to the website to review this information. A replay of the call can also be accessed via phone through May 26, 2022, by dialing (800) 770-2030 from the U.S., or (647) 362-9199 from outside the U.S. The conference I.D. number is 62936. About NextNav Inc.
NextNav (Nasdaq: NN) is a leader in next generation GPS, enabling a whole new ecosystem of applications and services that rely upon vertical location and resilient geolocation technology. The company’s Pinnacle network delivers highly accurate vertical positioning to transform location services, reflect the 3D world around us, and support innovative, new technologies. NextNav’s TerraPoiNT network delivers accurate, reliable, and resilient positioning, navigation and timing (PNT) services to support critical infrastructure and other GPS-reliant systems in the absence or failure of GPS. For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn. Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav’s future prospects, developments and business strategies. In particular, such forward-looking statements include statements about NextNav’s position to drive growth in its 3D geolocation business and expansion of its next generation GPS platform, the business plans, objectives, expectations and intentions of NextNav, NextNav’s partnerships and the potential success thereof and NextNav’s estimated and future business strategies, competitive position, industry environment and potential growth opportunities. These statements are based on NextNav’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NextNav’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the ability of NextNav to continue to gain traction in key markets and with notable platforms and partners, both within the U.S. and internationally; (2) the ability of NextNav to grow and manage growth profitably, maintain relationships with partners, customers and suppliers, including with respect to NextNav’s Pinnacle 911 solution and its TerraPoiNT network, and the ability to retain its management and key employees; (3) the ability of NextNav to maintain balance sheet flexibility and generate and effectively deploy capital in line with its business strategies; (4) the possibility that NextNav may be adversely affected by other economic, business and/or competitive factors (including the impacts of the ongoing COVID-19 coronavirus pandemic); and (5) other risks and uncertainties indicated from time to time in other documents filed with the Securities and Exchange Commission by NextNav. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Source: NN-FIN

NextNav Inc. Reports First Quarter 2022 Results

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Vertical location will be used to validate the location of users, verify access to virtual events and giveaways, and catalog ownership of virtual assets including NFTs
SUNNYVALE, Calif., April 27, 2022 (GLOBE NEWSWIRE) — NextNav (Nasdaq: NN), a leader in next generation GPS, has partnered with Widow Games , a gaming development company closing the gap between the physical and the digital worlds. Through the partnership, Widow Games will bring NextNav’s 3D geolocation capabilities to their applications, enabling more immersive virtual experiences tied to the real environments of users, and leveraging location verification to validate transactions and interactions in the metaverse. “3D geolocation technology is foundational to building the metaverse,” said Dan Hight, VP of Business Development and Partnerships at NextNav. “Not only will it power in-game experiences, but it will also serve as a crucial authenticator of location-based activities, like exclusive exhibitions, NFT scavenger hunts, and virtual land transactions. 3D geolocation is critical in bringing our real and virtual worlds together, and with Widow Games, we’re one step closer to closing that gap.”
NextNav Pinnacle  will be integrated into Widow Games’ marquee title, Geopoly , a mobile game that couples buying, upgrading, and selling digital properties tied to the real world with real-time, live virtual events. NextNav Pinnacle will validate the geolocation – including the vertical dimension and timestamp – of users to authenticate attendance, verify transactions, and prevent in-game location-based spoofing. Through geofencing and geolocation, the positioning of specific users in the real world will enable location-based virtual experiences and rewards, authenticate users’ presence at virtual events, and facilitate interactions with other users in the same location. “With Geopoly, we built a foundation that utilizes both on and off-chain to deliver immersive experiences no matter where users are,” said Martin Spinetto, CEO of Widow Games. “NextNav’s technology enables us to further immerse our users in the worlds around them – both real and virtual – and enable first-of-their-kind capabilities in the metaverse.”
The partnership builds on NextNav’s extensive activity within the gaming and application development community to bring location data to virtual worlds. Earlier this year, NextNav announced a partnership with echo3D to bring vertical location to their platform. Last year, NextNav Pinnacle was awarded Unity Verified Solution status and launched its NextNav Pinnacle SDK for the Unreal Engine after being awarded an Epic Megagrant, arming millions of cross-platform developers with the capability to bring 3D geolocation to their creations. Source: NN-FIN
About NextNav
NextNav (Nasdaq: NN) is a leader in next generation GPS, enabling a whole new ecosystem of applications and services that rely upon vertical location and resilient geolocation technology. The company’s Pinnacle network delivers highly accurate vertical positioning to transform location services, reflect the 3D world around us, and support innovative, new capabilities. NextNav’s TerraPoiNT network delivers accurate, reliable, and resilient positioning, navigation and timing (PNT) services to support critical infrastructure and other GPS-reliant systems in the absence or failure of GPS. About Widow Games
Widow Games is a video game development company specialized in closing the gap between the physical and the digital entertainment worlds. Founded by former Microsoft´s Marcom Director for Latam, the company has developed more than 15 mobile and web games with more than 1.5 million users. Widow Games are a member of the 2019 Global Google Indie Games Accelerator. Widow Games has also been one of the first gaming companies to merge mobile gaming innovations like AR and geolocation, with blockchain benefits. The team is based in Buenos Aires. NextNav Media Contact

NextNav, Widow Games Bring First-Ever 3D Geolocation Authentication to the Metaverse

Geopoly is gaming studio Widow Games’ latest entry set to combine the potential of Non-Fungible Tokens (NFTs) into a Gaming model which has seen impressive levels of adoption since 2021, called Play-to-Earn (P2E). The studio records over 1.5 million subscribers and has turned into the NFT sector to continue a long history of achievements, milestones, and what could be one of the biggest success stories for a company in Latin America. The studio behind Geopoly was founded a decade ago, back in 2012, in Argentina and started gaining recognition by taking popular board games and transforming them into their digital forms. The studio digitalized Ludo, War Strategy, T.E.G., and many others. Due to their success, the studio was able to expand across the region and enter other markets. They continue to gain more relevance after one of their games called “Jogos de Vida da Estrela” became one of the most played in Brazil with 10 million total minutes played and 1.5 million games initiated. 3 years ago, tech giant Google selected Widow Games, from over 1,700 other projects to participate in its Indie Games Accelerator program. Candidates from over 37 countries around the world tried to enter the program; Widow Games was selected with other relevant names in the sector, including Avix Games, Sandstorm Interactive, and Blyts. This initiative was created to distinguish high potential indie games studios to provide them with direct access to Google, its products, and resources and teach them how to grow a “successful game company”, according to the program’s official website. A Look Inside Geopoly, How The P2E Model Will Revolutionize Gaming
Before its on-chain deployment with a play-to-earn model, Geopoly was a free-to-play app recording impressive numbers. The app boasts of over 10,000 downloads and highly positive reviews, with ratings going all the way up to 4.9 out of 5. Geopoly received most of its praise from gamers with a taste for business and financial-oriented gaming ecosystems. In that sense, its integration with a P2E model seems like a logical step for its developer Widow Games and, most importantly, its community of players that will be able to turn their in-game rewards into real-world profits. Widow Games launched an on-chain version of Geopoly in order to meet a demand for games with a P2E model originated from the growth in popularity from Axie Infinity and others. These games let players truly capitalize on their in-game efforts by letting them take their rewards in the form of NFT, trade them for a token with real-world value, form communities, teams, and gain unique items to improve their gaming experience. For instance, Geopoly will let players have ownership over real-world locations that have been digitized and placed in its virtual world. In that way, players will need to own the locations and businesses on the Geopoly Metaverse to capture a fraction of their revenue. Per the project’s official website :
GEOPOLY is a geolocation economic simulator that allows users to rent and buy, upgrade and sell real-life businesses all around the world. Explore, look for opportunities, rent, buy, invest and sell in the largest capitalist game in the world where the main goal is to generate as much revenue as possible. Investors Get Behind Geopoly
The game and its P2E model will be supported by its native token GEO$. Currently available to be downloaded for Android, with upcoming iOS and Web versions, the project has already attracted the attention of top names from Venture Capitalist Firms and the crypto space. Amongst them are GD10 Ventures, Dutch Crypto Investors, OIG which have provided Geopoly with an extra layer of legitimacy. In addition, the studio behind the project has consolidated important partnerships with Seedify, NFTPad, and Enjistater to support the public sale of GEO$ token. The project has also gained the support of Sebastien Borget, COO of the popular Metaverse gaming universe The Sandbox, playing the role of an Advisor for Geopoly. Its model, opportunities, and strong community seem poised to make Geopoly a strong contender as a leader in the GamiFi sector, and to continue Widow Games’ long history of successes.

Geopoly from Widow Games’ Stables Marks the Popular Gaming Studio’s Entry to the NFT Universe

NextNav (NASDAQ: NN) is deploying a positioning technology to allow mobile phones and other devices to reliably determine their location in indoor and urban environments where GPS signals can't be received. NextNav's technology combines accurate horizontal positioning with floor-level height precision.

NextNav

Through the partnership , Widow Games will bring NextNav 's 3D geolocation capabilities to their applications , enabling more immersive virtual experiences tied to the real environments of users , and leveraging location verification to validate transactions and interactions in the metaverse .

Microsoft

LA NACION

Louis Dreyfus Company

Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.

Gaming

Seed VC

Widow Games is a game development company that specializes in transporting classic board and tabletops games to digital platforms. Its product, GEOPOLY, presents the opportunity for users to invest in games. Users can buy, sell, rent, and invest with a goal to expand business and generate as much revenue as possible. Users are able to interact with the game both off and on-chain on the Polygon blockchain using an Android app.

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