{"id":12333,"date":"2023-02-23T18:09:55","date_gmt":"2023-02-23T15:09:55","guid":{"rendered":"https:\/\/www.robomarkets.com\/blog\/?p=12333"},"modified":"2023-12-08T13:16:11","modified_gmt":"2023-12-08T10:16:11","slug":"ipo-of-ultimax-digital-video-games-and-nfts","status":"publish","type":"post","link":"https:\/\/www.robomarkets.com.cy\/blog\/stock-market\/ipo\/ipo-of-ultimax-digital-video-games-and-nfts\/","title":{"rendered":"IPO of Ultimax Digital: Video Games and NFTs"},"content":{"rendered":"\n

The hero of this article - Ultimax Digital, Inc. – develops video games and a marketplace for selling non-fungible tokens (NFTs). The corporation plans to enter NASDAQ on 28 February under the ticker NFTU.<\/p>\n\n\n\n

Let’s go into detail about Ultimax Digital, Inc.’s business model, the prospects of its addressable market, name its main competitors, analyse its financial situation, list its strengths and weaknesses, and the details of its upcoming IPO<\/a>.<\/p>\n\n\n\n

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<\/span>What we know about Ultimax Digital<\/span><\/h2>\n\n\n\n
\"What<\/figure>\n\n\n\n

Ultimax Digital, Inc. specialises in the development of video games and a marketplace for NFTs and creates the infrastructure to integrate payment solutions for buying NFTs in other developers' video games.<\/p>\n\n\n\n

The company was founded in 2018 in the US, and its head office is in New York. The CEO is Jesse Sutton who held the same role at Majesco Entertainment Company.<\/p>\n\n\n\n

\"Business
Business model of Ultimax Digital<\/em><\/figcaption><\/figure>\n\n\n\n

Let us take a closer look at each of the areas of the issuer's business. Let's start with video game creation, which is handled by the Ultimax Game Studio division. The first free-to-play multiplayer fantasy game, StoneHold, has already been developed. Before that, it bought Geminose, which was adapted for the Nintendo Switch. The company plans to continue buying finished products from third-party developers and market them under its brand.<\/p>\n\n\n\n

Ultimax NFT Marketplace handles the developing and launching of the NFT Marketplace. The management expects this platform to become a place where users can purchase tokens outside of the context of video games. For this purpose, the company plans to cooperate with artists and publishers of comic books. The marketplace is scheduled to launch at the end of the first quarter of this year.<\/p>\n\n\n\n

\"Business
Business development project of Ultimax Digital<\/em>*<\/figcaption><\/figure>\n\n\n\n
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The third vector is the creation of Ultimax NFT Toolkit, a payment system for buying tokens and a studio for generating them. The release of this product is announced for the second quarter of 2023. The Ultimax NFT Toolkit and marketplace should be fully operational in StoneHold, the development of which has already been completed. The beta version will be available on the Gamers First platform.<\/p>\n\n\n\n

\"Interface
Interface of StoneHold by Ultimax Digital<\/em><\/figcaption><\/figure>\n\n\n\n

By 30 September 2022, the amount of investment Ultimax Digital, Inc. has raised has reached 2.6 million USD. The main investors are Level Up Revocable Trust, Pamar Irrevocable Trust and Symar Irrevocable Trust.<\/p>\n\n\n\n

<\/span>Prospects of Ultimax Digital target market<\/span><\/h2>\n\n\n\n

According to SkyQuest Technology, the global NFT market valuation in 2021 was USD 15.7 billion. It is expected to reach USD 122.4 billion by 2028. The projected compound annual growth rate (CAGR) from 2022 to 2028 is 34.1%.<\/p>\n\n\n\n

According to a PwC study, this figure was 235 billion USD in 2022. By 2026, it is expected to increase to USD 321 billion. Thus, the projected compound annual growth rate (CAGR) from 2022 to 2026 is 17%.<\/p>\n\n\n\n

The main drivers of this market's expected growth could be the increasing popularity of digital artwork, the scaling up of token integration in the entertainment industry.<\/p>\n\n\n\n

\"Ultimax
Ultimax Digital target market<\/em>*<\/figcaption><\/figure>\n\n\n\n

Main competitors:<\/p>\n\n\n\n