PiP World, a social gaming and edtech company, has acquired Roblox’s highest-grossing stock simulator game, StockRise.
StockRise has seven million plays and Dubai-based PiP World plans to bring them into its blockchain-based play-to-earn ecosystem. The purchase price was not disclosed.
StockRise’s lead developer, Dale Berkove, will also join PiP World’s advisory board. In just three and a half years from grassroots efforts, StockRise has become one of Roblox’s top-grossing stock simulation games seeing a colossal seven million visits, 20,000 game likes and a healthy 10.9 minutes average session time vs 8.2 minutes for the genre.
“We’re thrilled to welcome Dale and the StockRise community into the PiP World ecosystem. We’re mutually aligned on helping our communities make strides towards financial freedom through better-informed trading,” said PiP World CEO, Saad Bachir Al Naja, in a statement.
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“I was impressed by PiP World’s experienced team, commitment to quality gameplay, access to resources and incredible partnerships that’ll take StockRise to the next phase of growth. I’m delighted to join PiP as an advisor to continue leveling-up traders,” said Berkove, in a statement.
Accelerating PiP World’s path to the “Duolingo of Crypto” the undisclosed deal will see StockRise join PiP’s social games ecosystem including immersive trading strategy simulator game, PiP Trader, learn-to-earn PiP Academy and more SocialFi games to launch.
“StockRise and Roblox gamers are potential future traders. As they age-up, we’re excited to level-up their trading experience and innovate together given they’ve grown up in virtual worlds,” Naja said.
For the second quarter of 2024, Roblox reported its average daily active users (DAUs) were 79.5 million million, up 21% year-over-year. The acquisition comes at a time Roblox delivers its strategy to “help our creator community build better and safer experiences and reach more people,” Roblox said.
From verified reviews, one player said StockRise “..isn’t just a game, but a valuable learning tool for those interested in finance … One of the standout features of StockRise is the dynamic and responsive market system. Events and news can significantly impact stock prices, requiring players to stay informed and adapt their strategies accordingly. This element keeps the game fresh and challenging, as players must navigate through economic fluctuations and market crises,” stated an anonymous StockRise player.
As traders respond to the ripple effects of the worst crash in Japanese stocks since 1987, having the option to simulate nuanced trades becomes critical practice for making gains under fluctuating volatility.
As part of PiP World’s commitment to developing a new era of elevated experiences for GenZ, PiP World will make a series of game-changing improvements to move StockRise towards the quality experience expected from PiP World’s future releases.
PiP World is a social gaming and EdTech ecosystem of fun social games where rewards compound into the future. Adopting a gamified approach to inspire players to reach Financial Freedom. PiP World coined the “Duolingo of crypto” with a simplified, visualized, personalized and gamified approach to play-to-earn. Launching in Q4 2024, PiP Trader is an immersive strategy and management simulator game that challenges players to create a thriving financial empire while navigating the unpredictable markets of the PiP World universe.
With a cast of unique trader characters, each with their own strengths and specialties, players must strategically assign them to various sectors and locations to maximize their returns and expand their influence across global financial hubs. PiP Trader incorporates a sophisticated Social-Fi mechanics model to generate dynamic market events and scenarios ensuring a fresh and challenging experience with each playthrough. PiP raised $10 million in a pre-seed round led by Exinity and it has been building in stealth for three years.
Source: venturebeat.com