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(IT-NEWSWIRE.COM, February 08, 2024 ) Dubai UAE – (ARAB NEWSWIRE) - Republic, a global technology company pioneering the digital transformation of finance and investing, and Creta, a Web3-based multiverse gaming platform formed by a coalition of world-class developers, creators, producers, and more, are announcing their exciting new partnership with eyes towards strong collaboration in the Web3 development space.
Republic is an international financial technology company pioneering the transformation of finance and the democratization of investing. Headquartered in New York City, NY, Republic has a global presence with established operations in the UK, UAE, and South Korea. Backed by Valor Equity Partners, Galaxy Interactive, Morgan Stanley, Hashed, AngelList, and other leading institutions, Republic’s ecosystem has made it possible for 3+ million community members across 150+ countries to deploy $2.6+ billion into thousands of private ventures. In 2016, Republic Crypto was established as a division to service and consult both top venture-backed Web3 projects and major institutions alike, and is now considered the leading provider of web3 advisory services, specializing in digital economy design, full-spectrum tokenization, blockchain infrastructure, and digital asset management.
Creta is a global Web3 metaverse gaming platform headquartered in the UAE with offices in Japan and Armenia. The Creta platform is developed by Diverse, a South Korean company specializing in metaverse games with a high-performance game engine and excellent graphics technology. The Web3-based platform uses a high-performance public blockchain called Locus Chain. Unlike traditional metaverses, Creta implements a multiverse where numerous metaverses of photorealistic visual quality can interconnect and expand. In particular, Creta uses the high-performance blockchain mainnet Locus Chain, which replaces most roles of servers in online games and significantly reduces infrastructure costs.
Republic actively engages in supporting the growth of early-stage startups in the Web3 industry by offering a diverse range of services, including economy design, marketing, token offerings, smart contract development, capital support, business development, NFT strategies, and more. Republic has involvement in numerous notable projects including Avalanche, Polygon, Aptos, DappRadar, and Star Atlas and has an incredible track record of establishing Web3 project startups in the market. As an advisory firm, Republic advises major enterprises in the Web3 space, including one of the big 4 in the US, as well as major conglomerates throughout the Asia Pacific Region.
As a discerning force in the Web3 landscape, Republic is selective and strategic in their partnerships. After a comprehensive evaluation, the company has chosen to collaborate with Creta. Republic is dedicated to fostering the Web3 ecosystem alongside Creta, and their partnership will involve advisory services, research-driven token economics, and investment facilitation. As a blockchain entertainment platform where users can enjoy living as players of high-end games and metaverses and creators of their own content and universe, Creta will utilize Republic’s enterprise services to grow their already expansive potential even more.
Republic is extending support to design Creta’s Platform Economy, also known as Creta World. Creta will host a token sale in collaboration with Republic, and that token will grant users access to all of Creta’s products and other user creations. Designers can create games in the Creta platform, and Creta also has its own portfolio of engaging games for users to enjoy. “This effort will help showcase Creta's metaverse gaming platform as a new paradigm for the gaming industry in how it will foster gaming networks as opposed to in its traditional silos.” (Alex Ye, Republic Crypto Senior Director). Beyond advisory services, Republic's digital asset suite aims to catalyze the growth of Creta's content and the platform's ecosystem. Further, through Republic's regulated and compliant token sale program, Republic will engage its 3 million-strong investor community in Creta's ecosystem.
Through this collaboration, Creta is expected to surpass other emerging projects from the start. Republic, with its excellent expertise in Web3, boasts industry-leading marketing capabilities in the Web3 sector. In this partnership, Republic will dedicate significant efforts to Creta marketing on a grand scale. Additionally, Republic investors will have the opportunity to directly participate in Creta by driving the integration of the Creta platform with login and wallet systems.
And Republic is not Creta’s only exciting recent partnership: Thomas Vu, acclaimed for his role in the success of “League of Legends” and the Emmy-winning “Arcane,” has joined forces with Creta as well. Vu, known for his work with Riot Games and the creation of the K/DA group, is collaborating with Creta on game incubation initiatives and upcoming media programs. Their partnership aims to capture emerging markets in the Middle East and India, with Creta establishing a growth fund of hundreds of millions to billions of dollars to incubate Web3 games.
The anticipated synergy between non-gaming Web3 entities and Creta is poised to elevate the project's service reach. With Republic's Web3 proficiency and Creta's incorporation of Locus Chain's technology, industry dynamics are expected to shift significantly, solidifying Creta as a transformative force in the Web3 domain. Creta's vision of a vast ecosystem, enriched by contributions from top-tier developers and creators, aligns seamlessly with Republic's expertise, resulting in the accelerated realization of Creta's ambitious goals.
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) or any of their affiliates. Republic Advisory Services is being compensated in cash and a percentage of the Company's total supply of digital asset tokens issued. Neither Republic Advisory Services nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by Creta FZCO. This web page may contain external links to third-party content (content hosted on sites unaffiliated with Republic Advisory Services), and neither Republic Advisory Services nor any of their affiliates makes any representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this post. Linking to any such third-party sites in no way implies or constitutes an endorsement or affiliation of any kind between Republic Advisory Services (or any of its affiliates) and any third-party. Republic Advisory Services are subsidiaries within a family of companies owned by OpenDeal Inc. (together sometimes referred to as "Republic"). Republic and its affiliates do not provide tax, accounting or legal advice — all recipients are advised to consult with their own advisers.
Certain information set forth in this copy contains “forward-looking information” under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of Creta ; (ii) completion of, and the use of proceeds from, the sale being offered hereunder; (iii) the expected development of Creta's business, projects, and joint ventures; (iv) execution of Creta's vision and growth strategy, including global growth; (v) sources and availability of third-party financing for the Creta's projects; (vi) completion of Creta projects that are currently underway, in development or otherwise under consideration; (vi) renewal of Creta current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of Creta believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Creta undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Creta is a Web3-based multiverse gaming platform headquartered in Dubai, UAE, with a team of developers, publishers, and blockchain experts who have made a name for themselves in the global gaming industry. These include Ray Nakazato, a respected producer in the Japanese and global gaming industry, Alexander Harutyunyan, former CEO of European game publisher INNOVA, and CCR's Seokho Yoon, who developed Korea's national game Fortress. The partnership with Okamoto, the legendary game designer behind Street Fighter 2, Resident Evil, and Monster Strike, which have collectively generated trillions of dollars in revenue, and Thomas Vu, producer of League of Legends and Emmy Award winner for Arcane, is expected to result in a world-class lineup of Web3 game titles.
Creta is comprised of four parts: the endlessly scalable Creta Multiverse, the Creta Game Platform (CGP), which powers a wide range of Web2 and Web3 games, Creta Studio, where anyone can create high-quality games and content, and Creta SuperClub, the Web3 community that connects the entire Creta platform. Creta Multiverse is in the process of implementing an ultra-large-scale multiverse (three metaverses to be opened sequentially) that will allow many different metaverses to combine and expand upon each other and aims to be the only Web3 platform in the world with photorealistic visuals. The Creta Multiverse is designed to be a one-stop shop for various content services and ecosystems, including games in the MMORPG, Battle Royale, and casual genres, rather than separate executions. Creta SuperClub is the first service that allows users to fully own the data of their community within the legal framework. The rights to clubs and posts are technically NFTized, allowing NFT owners, such as operators and members, to own, trade, sell, acquire, and merge. It is also a truly decentralized community service where information about each club member is not stored on a specific server but is all on-chain. This allows influencers to manage their fans without being locked into a platform.
Global Website: https://creta.world/
Official Japanese Site: https://creta.co.jp/
Video Clip: https://www.youtube.com/watch?v=mPdtM5yZqao&t=2s
This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™.
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