Security Token Offering Will Provide Distribution While Giving Investors Equity in Portfolio of Games
Top former executives from Playstation, Take 2/Rockstar and Guitar Hero announced the creation of Planet Digital Partners Inc., a video game publisher funded by a Security Token Offering. With the launch of its Rocket Token (RKT™), Planet Digital will democratize game funding for investors, publishers and developers and provide distribution for its portfolio of games – including Cabela’s ‘The Hunt,’ Cooking Mama, and Bass Pro ‘The Strike.’
The company’s leadership team and board of directors include:
- Steve Grossman, CEO: Video game investor and publisher of over 40 games, executive producer of the award-winning Nintendo World Championships.
- Chris Deering, Advisor: Former president of Sony PlayStation Europe, credited as one of the main marketers of PlayStation game consoles.
- Kelly Sumner, Board of directors member: Former CEO of Take-Two/Rockstar, publisher of ‘Grand Theft Auto’ and former CEO of RedOctane, publisher of the world famous ‘Guitar Hero.’
The Planet Digital games will be available on all major platforms including PlayStation 4, Xbox One, Nintendo Switch, PC, and Mobile. 2019 launch titles represent a sales history of more than $300 million.
“Security Token Offerings represent a unique path to democratize investment and allow investors to participate in profit on the ground floor compared to public stocks,” said Steve Grossman, CEO of Planet Digital. “We’re thrilled to bring blockchain to our games and deliver compelling new experiences to gamers that were previously impossible.”
The video game industry represents a $135 billion business and is projected to exceed $180 billion globally by 2022 (Newzoo). Blockchain is expected to be one of the biggest disruptors to the gaming space and Planet Digital games take full advantage of blockchain, delivering compelling new experiences to energize gamers.
“We get most excited about working with veteran management teams that are applying blockchain to innovate in their industry,” said Alan McGlade, co-founder and COO of seriesOne, a Planet Digital partner and broker. “Planet Digital defines that category.”