Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Tuesday that its client, Nuvo Cash Ltd, is launching GameKarma, a new social media community on the Nuvo network.
GameKarma is the second such community on Nuvo’s blockchain network.
According to a press release from Nuvo, GameKarma will be an interest-based community that focuses on video gamers.
Global Blockchain first announced its partnership with Nuvo Cash in December 2018. As part of the partnership, the company will assist Nuvo Cash to develop the Nuvo blockchain network.
Nuvo’s network will act as a foundation for decentralized applications and social media communities that are immune to censorship and government interference, according to a statement from Global Blockchain.
Last December, Nuvo and Global Blockchain launched the first social media community, Jamaa, to address social media neutrality issues in African countries. The community has since built a network of more than 15,000 users across Africa and internationally.
“As more and more people are coming to resist traditional social media networks that are anything but neutral, the model of decentralized social media makes more and more sense,” Global Blockchain’s CEO Shidan Gouran said in a statement.
“We are very happy with the results our client has received so far with Jamaa, and we expect the initial stages of GameKarma and Nuvo Chat to see similar success.”
The company also added that with more use of the Nuvo blockchain network comes more use of the NUVO token, creating value for both companies and its shareholders.
The NUVO token is the blockchain network’s proprietary cryptocurrency. The sale of NUVO tokens being administered by FORK on behalf of Nuvo Cash remains live on the Korean exchange ProBit.
Nuvo Cash also announced that the Nuvo-based decentralized communications application Nuvo Chat was deployed to the blockchain on April 19. The company expects that Nuvo Chat's user interface will be finalized by May 3.
Additionally, Nuvo Cash is planning to launch an interactive online gaming platform built on HTML5 as an additional dimension of the GameKarma brand. The beta version of the platform will be launched for single-player use by April 25, and the multi-player version will launch by July 1.
The platform will include integration on the Nuvo blockchain network, allowing players to engage in peer-to-peer competitions in which they can earn NUVO tokens.
Global Blockchain recently announced that it is changing its name to Metaverse Capital Corp in the near future. Shares of Global Blockchain were trading at C$0.03 in Canada and US$0.02 in the US on Tuesday.
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