We are pleased to report that we have filed our annual Form 1-SA summarizing the first six months of 2023. Below is a link to the .pdf version of the complete filing. If you are interested in just an overview, we have summarized key developments below.
Global Launch – We are pleased to announce that we launched the platform globally in July, 2023, with certain exceptions, including countries that are restricted by U.S. and European regulations. Although our launch has been very recent, we have begun to test our marketing efforts in key regions in North America and Europe. We are testing a number of various channels and partners, including video streaming services, gaming websites, free game giveaways, influencers, and other channels in order to determine the most efficient locations for allocating our marketing expenditures going forward in order to lower our cost per acquisition (CPA) and maximize our average revenue per user (ARPU) and average revenue per paying user (ARPPU). We anticipate continuing our marketing efforts and measuring performance going forward indefinitely to grow our user base. As of September 27, 2023, our user base is over 205,000.
Additional Ways to Earn IRON – As mentioned in our previous update, we are currently evaluating and developing additional ways for users to earn our store currency, IRON. One of these initiatives is the ability to utilize a user’s computer to solve complex calculations for a wide range of worthy causes such as curing children’s cancer, folding proteins, addressing global warming and even searching for extra-terrestrial life and many more. We are working in conjunction with the University of California, Berkeley program named “BOINC” and we are excited to allow our users to use their computers computational power ‘for good’ by addressing huge environmental, medical and research challenges. If you would like to learn more about the many projects they support, you can find out more information here: https://boinc.berkeley.edu/
Gift Card Redemptions – In the first quarter of 2023, the Company entered into an agreement with Carlton One Engagement Corporation to integrate a feature enabling users to redeem their IRON for rewards or gift cards. We believe that this feature may encourage users to utilize their IRON in more ways than just purchasing games and may potentially increase our user base by attracting new users who are interested in using their computers to redeem IRON in different ways. We currently plan to implement this feature sometime in 2023.
AMD Partnership Continues – In 2019, Advanced Micro Devices (NASDAQ: AMD) announced a partnership with us which we are delighted will continue into 2023. The partnership has been of substantial value, as it represents a major global PC hardware manufacturer’s validation of our business model. We are listed on AMD’s website at amd.com under its “Featured Games” section which can be found here: https://www.amd.com/en/gaming/featured-games
CSPR Transition – The Company implemented its current DRM / copy protection methodology to the CASPER Blockchain Network (SYM: CSPRUSD), thereby significantly reducing the consumption of power needed for the Company to validate blockchain transactions and to manage licensed rights granted or revoked with respect to a User’s digital game copy. The Company has already implemented its new DRM / copy protection using the CASPER Blockchain Network, and it is currently operating in its “Test-net” before it is deployed to its “Mainnet” upon the release of version 2.0, expected in early 2024. This migration has transitioned our DRM-based copy protection from a “Proof of Work” method to “Proof of Stake,” requiring significantly less power consumption, given that the CASPER Blockchain Network has considerably fewer “validators” than the more than 40,000 on the Ethereum blockchain.
DACS Labs Partnership – We are excited to announce that we have implemented the DACS Laboratories GmbH streaming technology into the Robot Cache Platform. We believe this relationship gives us an advantage over our competitors in that it enables our Users to start the download process after purchasing a game and then to play the game within minutes rather than wait for the download’s completion, which for some of the larger games can require several hours. None of our competitors currently offers this capability, which we believe gamers will find valuable. This capability is currently being rolled out on a game-by-game basis.
For any questions, please reach out to us at investors@robotcache.com.
Cordially,
-Lee Jacobson, CEO & Co-Founder