Hello Robot Cache Investors,
We completed our semi-annual SEC Form 1-SA filing and summarized below some of the highlights for the second quarter of 2022 as well as additional new developments in Q3.
We are excited to have officially launched the Robot Cache Platform in Brazil, Latin America and Australia. We launched in these areas first in order to optimize the platform’s performance prior to launching in the rest of the world by monitoring any changes in the Company’s key performance indicators (KPI’s). Optimizing the platform’s performance in this manner will enable us to make any necessary enhancements to the platform as well as our marketing efforts in order to enhance our marketing channels and the partners we work with as we get closer to opening up access to all users globally, which is currently anticipated to be in Q1 2023.
More Games – We continue to add more games and publishing partners to our platform and expect to continue these efforts in a curated manner on a continual basis. Having great partners with great games is key to growing our user community.
Blockchain DRM Update – We have already implemented a new DRM / copy protection using the CASPER Blockchain Network, which is currently being tested on CasperLabs’ “Test-net” before being deployed to its “Main-net.” This migration will transition 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 only 100 “validators” versus more than 40,000 on the new Ethereum 2 blockchain (which has also now switched to a “Proof of Stake” method, a.k.a “The Merge”.
We expect to continue our partnership with Advanced Micro Devices (NASDAQ: AMD) (“AMD”) for the remainder of 2022 and beyond. This partnership, first announced in 2019, 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 “Games” section.
We currently expect to release the Robot Cache Platform in China early in 2023, depending upon the lifting of COVID restrictions, utilizing our 2019 agreement with LedgerZ Holdings, one of our investors. The Chinese market has well over 300 million video game users and represents a $15B+ annual revenue market opportunity for us. As of the date of this report, we have not yet factored into our forecasts any revenue projections for Asia, but we believe it will be material. As a result, we have already implemented additional payment forms for the Chinese market (such as WeChat Pay and Alipay), and we will be adding other forms of digital currency and payment solutions (such as Amazon payments and Coinbase Commerce). Adding these forms of payment, which our competitors have shied away from but which are important to the future of digital global commerce, will, we believe, enable the global community to purchase games from the Robot Cache Platform.
We have signed a licensing agreement with DACS Laboratories GmbH to integrate its streaming technology into the Robot Cache Platform to enable games to run quickly. 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 as opposed to waiting for the download’s completion, which for some of the larger games can require several hours. None of our competitors currently offers this capability, and we believe gamers will find this functionality valuable.
Form 1-A Securities Offering – We are pleased to announce that we have taken steps for another Regulation A securities offering. We have filed a Form 1-A offering statement with the Securities and Exchange Commission and intend to commence the offering shortly now that the SEC has qualified the offering statement. The purpose of this offering is to facilitate Company growth through aggressive marketing campaigns, game publisher incentives, acquiring more content and complementary corporate acquisitions. We are excited about this offering as we believe it will accelerate our growth.
We sincerely appreciate all our investors and fans support and look forward to providing more exciting news in our next update.
Cordially,
-Lee Jacobson, CEO & Co-Founder