The first quarter was very busy for our growing team.
As we continue to finalize our preparations for our global launch, we are focusing on the following key priorities to achieve our goals:
- Adding more games and publishers both AAA and Indie titles from around the world;
- Selecting and finalizing agreements with our advertising partners in key territories to drive user acquisition and growth;
- Ensuring we have the right mix of marketing channels to grow our user base;
- Hiring the remaining key personnel to fill out our development, marketing and community management teams.
- Completing the transition of moving our blockchain based DRM from Ethereum to the Casper network. The development is proceeding as planned and we expect to transition as soon as the remaining development is completed. Further details on our partnership can be found in our latest 1-K filing.
We continue to add games as quickly as we can. We believe that great content is important to growing our community and we continue to optimize ways to add automated processes to speed this up which we believe will allow us to release more games at an even quicker pace. As new games come online we place them on the “New on Robot Cache“ row. As many games are released every year, we plan to continue our efforts in streamlining this process even further.
We have selected several key marketing agencies to assist us in executing marketing campaigns to grow our user base in various key territories around the world where we have seen above average growth and engagement on our platform. This allows us to keep a lean internal marketing staff and yet have the flexibility to allocate capital to our marketing partners as we measure their performance in each of these markets. We have numerous things we measure that we allow us to evaluate a number of factors that will help us determine where best to spend our marketing dollars. As we continue to grow, we will continue to refine the platform, customer messaging, store operations and other key metrics that we anticipate will increase user growth and revenue.
We also have several key co-marketing agreements with partners which we anticipate will amplify our message and increase our user base. In addition, we will be focusing significant efforts on ensuring that we have a strong social community team for our customers via Discord, Reddit, Twitter, Instagram, TikTok and Facebook.
We have been fortunate in our hiring efforts and are very close to filling all of the open requisitions we need in the development, marketing, quality assurance and community management roles.
While we have not yet made any final determination to listing our stock on an exchange at this time, we are evaluating several alternative listing options going forward, including the listing of the company on an alternative trading system (ATS) as it would allow our shareholders to connect with other individuals who are interested in acquiring Robot Cache shares who were not able to get in on the earlier round, which would allow people to facilitate the purchase or sale of shares in private party transactions. In the event that we pursue this option, we will provide additional updates on our site.
It is ultimately our intention to list on an exchange, but we want to make sure the conditions are right and we have the tailwinds at our back. You may rest assured that we are keenly aware that our shareholders support this prospect, as do we.
With regards to warrants, we have not yet issued them at this time. Also, going forward we will be issuing quarterly updates on this page.
And finally, we have released our annual Form 1-K which is now available on the SEC’s EDGAR website.
Thanks again to all our supporters!
Cordially,
-Lee Jacobson, CEO & Co-Founder