Online Blockchain plc buys 35% of Encryptid

August 16, 2018
Chris Wheal

UK’s AIM-listed Online Blockchain plc, a developer, is to snap up 35% of gaming US software player Encryptid. Encryptid has plans to develop new crypto-based games on the Ethereum blockchain.

Clem Chambers, CEO of Online Blockchain PLC said he has been at the forefront of gaming since the early 1980s “and the advent of blockchain technology opens up a range of new potential gaming opportunities”.

“I am very excited,” said Kyle Stratis of Encryptid, “to be working with the experienced team at Online Blockchain on this ambitious vision to transform gaming by leveraging the exciting possibilities of blockchain technology.”

Battle to commence

The first planned game for development is “Cybernetika”, a futuristic electronic world with robot-like creatures that can be trained, upgraded and put into tournament-style battles.

Online Blockchain has seen its share price rise to a late 2017 price of 186.50p to 40p (2.30pm 16 August). Its share price soared 400% when it was re-named last October.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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