Vancouver, British Columbia--(Newsfile Corp. - October 3, 2017) - YDreams Global Interactive Technologies Inc. (TSXV: YD) (OTC Pink: YDRMF) (FSE: A2AP0L) ("YDreams Global" or "The Company") is pleased to announce that the team is developing a new platform using blockchain infrastructure to manage Virtual Reality content, consumption and distribution, digital rights management, revenue-share accountability and customer identity management. The Arkave team is an internal team within YDreams Global that will be developing the platform.
Arkave is a location based VR entertainment platform that brings a disruptive approach and is expected to expand globally using a franchising model. Customers will be able to choose a location anywhere in the world to experience a variety of highly immersive VR content, not only developed by the Company but also from 3rd-party game producers. The experience is centered at Arkave's platform, responsible to manage customer's relationship and identity, schedule VR sessions at its locations, handle online payments, and independent from boundaries, securely and with traceable records, distribute revenue between store operators, content producers and the Arkave platform.
Due to this objective the implementation of smart-contracts supported by blockchain technology is a natural choice, which also allows future integration with crypto-currencies like Bitcoin and Ethereum as paramount to expanding the possibilities for global revenue distribution. Daniel Japiassu, the Company's CEO states, "Being a cutting edge technology company enables YDreams to deploy our team of seasoned technology experts to develop and implement a blockchain infrastructure and platform to support the VR/AR projects we are developing and deploying. Blockchain technology has established itself at the forefront of technology and we pride ourselves as being cutting edge as well."
Recently (September 28,2017), YDreams Global announced their first Arkave VR gaming arena in Parque Dom Pedro, one of the largest shopping mall in Latin America. The contract has been signed with Sonae Sierra Group, the European multinational that owns and operates 48 malls in Europe and South America. Their Brazilian branch has 10 shopping malls and is listed on the (BVMF: SSBR) mainstream Brazilian stock market with a valuation of over US$ 2.1 billion. "Our goal is to transform Arkave into one of the fastest growing and most successful VR gaming franchises in the Americas. This first location will be our showcase. We are hopeful that we can scale out this model and generate recurring revenues. Considering this group controls 47 other locations, we are optimistic regarding the future growth potential from our first partnership," says Mr. Japiassu.
About YDreams Global
YDreams Global Interactive Technologies Inc. (www.ydreamsglobal.com) is a technology company with offices in Vancouver, Dubai, São Paulo and Rio de Janeiro, that combines Augmented and Virtual Reality Technology, Design and Intelligence to respond to the challenges and demands of today's users and consumers.
YDreams Global works as a partner for companies and brands to reframe their strategy through relevant human-centered ventures that integrates digital experience with the physical presence and venues. YDreams Global anticipates future challenges and connects them with the needs of the market, building innovative concepts and delivering them with international excellence.
YDreams Global have developed over 1,000 projects for clients all over the world, such as NBA, Adidas, Cisco, Nokia, Nike, Mercedes Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
Director and Chief Executive Officer
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