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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 26, 2023
GOOD
GAMING, INC.
(Exact
name of registrant as specified in charter)
| Nevada
|
|
000-53949 |
|
46-3917807 |
| (State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
| of
incorporation) |
|
File
Number) |
|
Identification
No.) |
415
McFarlan Road, Suite 108
Kennett
Square, PA 19348
(Address
of Principal Executive Offices) (Zip Code)
(888)
295-7279
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, If Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
On
July 26, 2023, Good Gaming, Inc. (the “Company”) issued a press release. A copy of the Company’s press release is furnished
with this Form 8-K and attached hereto as Exhibit 99.1.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
| Exhibit
No. |
|
Description |
| |
|
|
| 99.1 |
|
Press Release dated July 26, 2023 |
| |
|
|
| 104 |
|
Cover Page
Interactive Data File (embedded within the Inline XBRL document and included as Exhibit 101) |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
July 26, 2023
| |
Good
Gaming, Inc. |
| |
|
| |
By: |
/s/
David B. Dorwart |
| |
Name: |
David
B. Dorwart |
| |
Title: |
Chief
Executive Officer |
Exhibit 99.1
Good
Gaming and ViaOne Services Announce Multi-Year Strategic Partnership
For Integrated Mobile Games Featuring Web3 Integration
KENNETT
SQUARE, PA, July 26, 2023 — Good Gaming, Inc. (OTCQB: GMER) (the “Company”), an innovative brand creating unique
interactive entertainment experiences across the gaming segment since 2008, is excited to announce its strategic partnership with ViaOne
Services. This partnership will deliver cutting-edge mobile gaming experiences to the Assist Wireless® and enTouch Wireless®
customer bases, which are operated and managed by ViaOne Services. Good Gaming will also make its new mobile gaming experiences available
through the Apple App Store® and Google Play™ Store. This innovative collaboration aims to redefine the gaming landscape by
blending highly engaging mobile gaming experiences with Web3 technology, ushering in a new era of entertainment opportunities for gamers.
Assist
Wireless and enTouch Wireless offer free mobile phones and discounted wireless phone service to qualifying consumers through the Lifeline
and Affordable Connectivity Programs administered by the Federal Communication Commission. This essential service provides low-income
consumers with access to both a mobile device as well as essential communication services such as emergency services, health care, childcare,
education, and potential employers. Assist Wireless and enTouch Wireless will initially preload up to 15,000 phones per month with a
goal to exceed 100,000+ phones per month for Good Gaming’s series of mobile gaming apps as they are released.
Designed
to captivate both casual and core gamers, Good Gaming’s flagship mobile game will launch the beginning of an expansive multi-year
release schedule. The release schedule has been specifically crafted to provide engaging entertainment while offering players the chance
to explore optional Web3 gaming components powered by blockchain technology. With a focus on creating experiences that appeal to a broad
demographic, Good Gaming mobile games will also feature connected intellectual property components, featuring the MicroBuddies™,
Super Craft Brothers Brawl™, and some special event elements from our other Minecraft™ experiences.
One
of the most appealing features of this initiative will be the “integrated rewards tree,” offering players a wide range of
mini-challenges featuring in-game rewards. In addition to in-game rewards, our players will have the ability to delve into the world
of Web3 with engaging yet optional opportunities. This groundbreaking integration aims to transform the gaming experience by blending
the traditional mobile game experience with cutting-edge blockchain technology to expand the players’ achievement set. This strategic
initiative positions Good Gaming at the forefront of this niche marketplace, solidifying its position as a pioneering force in next-generation
gaming.
The
expanded achievement set will allow players the opportunity to obtain periodic, limited-supply skin drops, which will reward owners with
cosmetics of various levels of rarity, collectability, and in-game benefits. These exclusive skins will be stored as Non-Fungible Tokens
(NFTs) within the game’s unique “vault,” acting as a blockchain wallet. Users with the technical know-how will also
have the option to withdraw their skins to the blockchain, and Good Gaming will receive royalties from any secondary sales. As a special
bonus for MicroBuddies™ players, particularly those with Divine Buddies, will have access to rare and exclusive skin drops, which
will be periodically distributed, enhancing the gaming experience for dedicated and loyal players.
“Our
goal is to achieve widespread adoption in the mobile gaming segment, catering to millions of active gamers and generating demand for
our unique skin drops,” explained David Sterling, COO at Good Gaming Inc. “With our mobile gaming experiences, we aim to
provide a wide range of benefits to mobile gamers, including the exciting opportunity to participate in dynamic Web3 experiences. We
firmly believe that Web3 opportunities enhance the gaming experience for participants. Our Web3 integrations will naturally exist and
flourish alongside our traditional mobile games, creating a seamless union.”
David
Dorwart, CEO of Good Gaming Inc. and ViaOne Services, stated, “It’s no secret that mobile gaming has rapidly become the most
important single vertical in gaming. With over 2.5 billion active users and annual revenues of more than $98 billion, mobile now accounts
for over 50% of global gaming revenue. Utilizing our own brand to pre-install and launch allows us to go to market quickly and inexpensively.
As we continue to roll this strategy out, Good Gaming will have the opportunity to pre-install its games on 100,000+ mobile phones per
month through Assist and enTouch Wireless quickly and easily.” He also stated, “Our planned integration of Web3 abilities
into our mobile gaming apps will give players real ownership and full control over their in-game assets since Web3 introduces a degree
of free-market economics to games. Because players in Web3 games are free to sell and trade their in-game assets with each other with
characters, collectibles, skins, and more, we can monetize various opportunities in the Web3 gaming space, which has experienced over
2000% growth over the last 12 months.”
“When
we talk about 3 billion gamers, ninety-plus percent of those are on mobile,” said Kevin Chou, Managing Partner at Superlayer.
“Having Web3 games not just be on a browser or on a client download but really reaching the market where it is, on mobile, is
really important.”
This
groundbreaking partnership between Good Gaming and ViaOne Services holds immense promise in revolutionizing the gaming landscape, fostering
innovation, and creating a new realm of possibilities for both mobile gamers and Web3 enthusiasts alike. This also creates new revenue
stream potential for Lifeline, ACP, and other mobile wireless providers.
Mobile
Gaming Industry Overview:
The
mobile gaming industry has firmly established itself as the primary revenue generator on mobile platforms, with games accounting for
a staggering 61% of revenue on iOS™ and 77% on Google Play™. This growth in monetization is a result of the diverse game
genres available on mobile, ranging from complex RPGs, action, and adventure games to simple yet addictive idle games.
Key
Mobile Game Revenue Statistics:
| ● | Mobile
gaming contributed to a staggering 51% of total game revenues, surpassing both PC and console
combined. |
| ● | Mobile
games overtook PC and consoles in consumer spending in 2022, and the trend suggests that
this lead will continue to grow. |
| ● | In
the US free-to-play games category, mobile games generated the highest revenue of $13.2 billion. |
| ● | In
2023, mobile gaming remains the fastest-growing segment in the gaming market. |
Mobile
Gaming Industry Insights:
| ● | There
are over 1.92 billion mobile gamers worldwide in 2023. |
| ● | Mobile
gaming revenue accounts for a remarkable 77.7% of total gaming industry revenue. |
| ● | The
global mobile gaming industry boasts a market size of $172.10 billion in 2023. |
| ● | There
are over 155 million US mobile gamers, representing over 46% of the entire US population,
indicating that nearly every other American is likely to be a mobile gamer. |
| ● | 30%
of mobile gamers play games daily, often during short breaks or while waiting for something
due to the quick and easy nature of mobile games. |
| ● | Android
dominates the market due to the popularity of mobile games in many Asian countries, with
78% of all mobile gamers worldwide playing on an Android device. |
| ● | US
mobile advertising spend is projected to reach $355.1 billion in 2023, showing a substantial
13.3% year-over-year increase from 2022. |
| ● | In
2022, mobile games produced $92.2 billion in revenue, experiencing a $2.6 billion increase
from 2021 and a significant 35% increase over the last 4 years. |
Good
Gaming and ViaOne Services are committed to reshaping the gaming industry and making gaming accessible to a broader audience through
the power of Web3 integration while creating value for mobile wireless providers to create new incremental revenue streams. The new series
of Good Gaming mobile app games will lead the way by allowing an unparalleled gaming experience that merges traditional gaming with the
exciting world of blockchain technology.
Good
Gaming, Inc.
Good
Gaming is an interactive entertainment company leading the evolution of gaming from traditional gaming to creating digital playgrounds
across a vast array of interconnected platforms. Founded in 2008, Good Gaming has continued to enable a strong sense of community, place,
and purpose within our interactive experiences. Good Gaming believes its communities and experiences will redefine the digital collectibles
space and be pivotal in the transition and perception of ownership of digital goods.
For
more information about Good Gaming, please visit our website:
https://www.good-gaming.com
ViaOne
Services
ViaOne
Services is an innovative company founded in 2015 that brings together nine distinct brands across a variety of sectors. Our team of
more than 75 employees provides top-tier business services, including data analytics, customer acquisition & retention, compliance,
accounting, finance, inventory management, training, advertising, marketing, and customer service to both internal companies and external
partners.
For
more information about ViaOne Services, please visit our website:
https://viaoneservices.com/
Safe
Harbor: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations
of Good Gaming Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its
financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,”
“will,” “expect,” “estimate,” “can,” “believe,” “potential,”
and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any
such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond
Good Gaming Inc.’s ability to control, and that actual results may differ materially from those projected in the forward-looking
statements as a result of various factors. More information about the potential factors that could affect the business and financial
results is and will be included in Good Gaming, Inc.’s filings with the Securities and Exchange Commission, including those set
forth as “Risk Factors” in such filings.
Microsoft®,
Minecraft™ are trademarks of the Microsoft group of companies.
Microbuddies™
and Super Craft Brothers Brawl™ are trademarks of Good Gaming Inc.
Android™,
Google Play™ are trademarks of Google LLC.
Apple®
is a registered trademark of Apple Inc.
iOS™
is a trademark or registered trademark of Cisco in the U.S. and other countries.
Investor
Contact:
Joseph M. Vazquez III
Phone: (888) 245-3005
Email:
infinityglobalconsulting@gmail.com
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