Equiti Establishing Presence, To Launch ICO

Appleby Bermuda is assisting Equiti Games with “establishing a presence in Bermuda” and advising on its preparations for launching an Initial Coin Offering [ICO] later this year.

This is according to a post on the law firm’s website which said, “Congratulations to client Equiti Games for winning the ‘Blockchain Startups’ award at the ‘Founder World Championship’ startup competition, taking home a $2 million investment in the form of crypto and services.

“Appleby Bermuda is pleased to be assisting Equiti Games with establishing a presence in Bermuda and advising on its preparations for launching an Initial Coin Offering [ICO] later this year under Bermuda’s pioneering ICO legislation. The ICO team is being led by Partner Steven Rees Davies and assisted by Associate Stephanie Shih.

“‘Founder World’ is the largest community conference hosted by F50, Silicon Valley Entrepreneurs, US China Blockchain Association and Blockchain Founder Club. Equiti Games, is creating a decentralized licensing and digital distribution platform for video games. This will be among one of the first ICOs to be launched under Bermuda’s pioneering ICO legislation.”

According to Equiti’s White Paper [PDF], “The Equiti platform is a decentralized licensing and digital distribution platform for video games. Equiti creates more choice and new opportunities for consumers and developers of digital games.”

The company notes, “There are currently 2.2 billion active gamers worldwide” and “according to Newzoo, a market research firm specializing in the games, e-sports and mobile markets, in 2016, sales of video games worldwide generated $104.8 billion.”

“The Equiti platform establishes a secondary market for digital games and other virtual goods that restores user rights, creates new opportunities for developers, and enables simple, trustless gamer-to-gamer and gamer-to-developer transactions,” Equiti’s White Paper states.

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