YDx Innovation Corp. - YDRMF STOCK NEWS

YDX Innovation Corp. (YDRMF) announces the launch of three holiday-themed interactive playgrounds at shopping malls in Brazil, designed by its subsidiary YDreams Global. The project aims to provide safe entertainment amid ongoing COVID-19 concerns, featuring immersive technologies. COO Karina Israel noted a recovery in revenue streams and optimism for 2021, while the CEO emphasized the importance of safe, creative experiences. The playgrounds will be operational through the end of December and were commissioned by BR Malls, which manages 31 malls across Brazil.

YDX Innovation Corp has appointed Kyle Sarwal as Chief Strategy Officer and Director to drive corporate initiatives. Sarwal, with over 25 years in tech, will oversee the company's vision and strategic growth, focusing on M&A and partnerships. Additionally, YDX granted 600,000 stock options at $0.105 to a consultant under its Rolling Stock Option Plan, with a term of three years. YDX specializes in immersive technologies, including VR and esports, positioning itself as a leader in the commercialization of these innovations.

YDX Innovation Corp (TSXV:YDX)(OTC PINK:YDRMF) announced an agreement to transfer BEAT Gaming's intellectual property to its founders, Vasilios Elafros and Anthony Truong. This decision aligns with YDX's imminent merger with Amuka Esports, aiming to focus on new initiatives like their Gaming Academy and Virtual Reality content. In exchange, YDX will be released from a $606,000 cash obligation under a previous agreement. Both companies expressed optimism for future collaboration and best wishes for each other as they advance in the esports industry.

YDX Innovation Corp (TSXV:YDX)(OTC PINK:YDRMF) announced the completion of its League of Legends (LoL) web-based analytics software by its subsidiary, Purple Mage Advisors (PMA). This software generates detailed player statistics by analyzing match data from LoL, aiding esports organizations and betting platforms in player recruitment and performance evaluation. PMA aims to expand its analytics capabilities to other titles like DOTA 2 and CS:GO. A beta test of the software will occur at an upcoming League of Legends Invitational Tournament, marking a significant milestone in PMA's growth strategy.

YDX Innovation Corp (TSXV:YDX)(OTC PINK:YDRMF) has announced leadership changes to enhance its strategic direction ahead of a merger with Amuka Esports. Kyle Sarwal joins as Chief Strategy Officer, bringing over 20 years of experience, while Jeffrey Mashregi and Michael Stier take on roles as Vice President of Operations and VP of Finance, respectively. These additions aim to strengthen YDX's business development initiatives and operational efficiency. The company is focusing on becoming a leader in immersive technologies and esports, with a vision for accelerated growth.

YDX Innovation (TSXV:YDX, OTC PINK:YDRMF) has officially entered a Joint Venture with the Comic Convention Latin America group to create the Spartans League, an esports league spanning 19 countries. YDX will hold a 20% equity stake and generate revenue by providing services related to tournament organization, online platforms, and social media management. The league aims to launch with 3 to 5 game titles and host its inaugural World Cup in Panama in November 2021. This venture is expected to significantly enhance YDX's revenue potential in the esports sector, building on its prior success of over 2 million CAD in 2019.

YDX Innovation has signed a non-binding Letter of Intent to acquire Amuka Ventures Inc., known for its leadership in esports and gaming in Canada. This acquisition aims to create an industry powerhouse in the esports sector, enhancing operational workflows across its global locations. The transaction involves YDX issuing 27,352,941 common shares in exchange for all Amuka shares, subject to due diligence and regulatory approval. The merger is expected to facilitate revenue monetization and foster new IP developments, positioning YDX as a significant player in the esports and immersive technology landscape.

YDX Innovation Corp. (YDRMF) announced a significant contract for its wholly-owned subsidiary, Purple Mage Advisors, to provide data analytics services to Level Six, an esports incubator by Amuka Esports. This contract marks the operational launch of Purple Mage’s platform, which interprets complex gaming data to enhance player performance and recruitment. YDX's CEO emphasized the importance of data analytics in esports for improving products and increasing profitability. This contract aligns with the industry's growing demand for data-driven solutions.

YDX Innovation Corp. has successfully acquired Render.GG, a leading esports production studio, for a total consideration of $850,000, including $150,000 in cash and 3,500,000 shares of YDX at a deemed price of $0.20. This acquisition will enhance YDX's service offerings in esports and expand into the European market. Render's proprietary tool, CLIPPY, integrates with Twitch to automate highlight identification, optimizing content production. The deal aims to boost YDX's creative brand equity in the gaming sector.