YDx Innovation Corp. - YDRMF STOCK NEWS

YDX Innovation Corp (OTC PINK:YDRMF) announced a non-binding Letter of Intent to engage in a reverse takeover with Moshun Media Development Corp. The agreement aims to transform YDX into a media and entertainment company leveraging Moshun Media's connections and capital. This transaction will potentially result in Moshun Media holding approximately 67.53% of the newly formed entity's shares. Completion of the transaction is expected by Q2 2021, subject to due diligence and shareholder approvals. Additionally, YDX is converting debt into shares to improve capital structure.

YDX Innovation Corp (YDRMF) has partnered with Amuka Esports and Wisdom Gaming to launch the "Women in Leadership" esports tournament series, aimed at promoting gender equality in the gaming industry. The initiative features two tournaments: a Teamfight Tactics event on March 27 and a Valorant tournament on April 2-3. Both tournaments will showcase female gamers and team captains. The companies are actively seeking sponsors for the fundraising campaign to support this initiative, highlighting their commitment to positive change in esports.

YDX Innovation Corp (YDRMF) announced funding for the interactive exhibition "Tarsila for Kids" in Porto Alegre, Brazil, set for the second half of 2021. Following the first edition's success with over 100,000 visitors in São Paulo, this new project, costing R$ 1,600,000 (approximately $360,000 CAD), promises to be larger and more immersive. The exhibition will be hosted at Farol Santander Porto Alegre, a key cultural center. The company aims to create a unique educational experience for children, highlighting the work of Brazilian painter Tarsila do Amaral.

YDX Innovation Corp (OTC: YDRMF) announced a contract between its subsidiary, Render USA, and popular virtual streamer CodeMiko on February 23, 2021. The agreement will have Render producing 12 videos monthly for CodeMiko, further enhancing its digital content. CodeMiko has gained significant traction with 475,000 followers on Twitch and over 121,000 YouTube subscribers. This collaboration positions Render as a leader in video editing for digital content creators, contributing towards YDX's growth in immersive technology and esports.

YDX Innovation Corp (TSXV:YDX)(OTC PINK:YDRMF) announces the upcoming launch of Rendervous, a freelance platform developed by its subsidiary Render USA, LLC. The beta version is set to launch by early Q2 2021, aimed at connecting streamers and freelance editors. With over 100 pre-registrations already, the platform addresses a pressing need in the content creation industry, allowing editors to bid on opportunities. The success of similar platforms like Fiverr and UpWork, with a combined Q2 2020 revenue of $137 million, indicates significant market potential for Rendervous.

YDX Innovation Corp (TSXV:YDX, OTC PINK:YDRMF) announced a contract extension with Mobapool for future esports tournaments, leveraging the Purple Mage Metric (PMM). This innovative metric provides real-time performance analytics for players in League of Legends, potentially becoming the industry standard. The extension is estimated to generate up to $50,000 annually. The PMM's success in the February 13 Mobapool tournament reflects growing industry demand for advanced data analysis tools in gaming. YDX sees Mobapool as a long-term partner.

YDX Innovation Corp has launched its Purple Mage Metric (PMM) during the recent MobaPool League of Legends Challenge, aiming to establish a new standard in esports player rankings. The PMM assesses player efficiency using live game data, incorporating metrics such as kills, deaths, and assists. Notably, over 40 PMM reports were generated for the tournament, offering insights into player performance for both participants and viewers. Senior executives expressed optimism about PMM's potential to enhance player evaluation and drive growth within the esports sector.

YDX Innovation Corp announced its subsidiary, Render USA, is nearing completion of the Rendervous platform, an online marketplace for content creation. Set to launch in early March, Rendervous will connect freelancers with content creators, similar to Fiverr and UpWork. Quality control will be emphasized, with freelancers meeting specific criteria. A recent study indicated that approximately 57 million Americans were freelancers, generating $1.4 trillion in earnings. The platform aims to create win-win relationships for customers and freelancers, enhancing Render's service offerings.

YDX Innovation Corp (TSXV:YDX) announced a one-year agreement between its subsidiary, Purple Mage Analytics (PMA), and Mexico's leading esports organization, PÊEK Gaming. This partnership will provide PÊEK's players with advanced analytics and consulting services worth $120,000 USD in 2021. PÊEK aims to utilize PMA's metrics for player development, with a focus on establishing a training facility in Queretaro. The Purple Mage Metric will serve as a standard for player efficiency in esports, emphasizing metrics beyond traditional performance measures.