Culver Metropolis, United States, July sixteenth, 2025, Chainwire
Snail, Inc. (Nasdaq: SNAL) (“Snail Video games” or the “Firm”), a number one world impartial developer and writer of interactive digital leisure, introduced its intention to discover pursuing a strategic digital asset initiative that features the analysis and feasibility for introduction of its personal proprietary stablecoin. This initiative can be topic to a variety of things, together with however not restricted to, regulatory approvals, market situations, technical feasibility, cybersecurity safeguards, monetary controls, and inside governance. The Firm believes that exploring stablecoin infrastructure might place it as an early mover inside the digital leisure trade. Whereas no choices have been made to combine such expertise into the Firm’s company technique, it continues to judge and discover alternatives as a part of its broader innovation roadmap.
Recognizing the rising potential of crypto-based transactions within the digital leisure and gaming trade, the Firm is at present assessing the feasibility of creating and exploring its stablecoin with a number of exterior use instances, with no present timeline or dedication.
To help this initiative, Snail Video games has retained Dr. George Cao, an exterior guide. Dr. Cao earned his PhD diploma in Laptop Science from the College of Chicago and is the Founder and the Chief Govt Officer of AscendEX, a full-stack cryptocurrency monetary platform that gives easy options for investing, buying and selling, and incomes to world customers. As well as, the Firm additionally retained seasoned authorized advisors, together with a nationally acknowledged legislation agency ranked by Chambers FinTech Authorized USA as a number one agency serving cryptocurrency and blockchain purchasers.
“This stablecoin exploration is a pure evolution of our innovation-led technique and can help a broader effort to judge how blockchain-based applied sciences may very well be aligned with the Firm’s long-term aim to be on the forefront of digital transformation within the leisure area,” mentioned Snail, Inc. co-CEO Hai Shi. “To help this initiative, we’ve engaged a nationally acknowledged legislation agency and a seasoned strategic advisor to help and information the profitable exploration of this chance. We’re evaluating potential future section hiring wants for professionals with specialised expertise in blockchain, stablecoins, and digital asset technique. Whereas our focus continues to stay on gaming throughout our ARK franchise, indie titles, and different up-and-coming genres, this investigation into the crypto area and analysis of the feasibility of launching our personal stablecoin would mark a key step in advancing our imaginative and prescient of driving innovation throughout digital leisure. We’re excited to share continued updates as we attain significant milestones in our analysis.”
About Snail, Inc.
Snail, Inc. (Nasdaq: SNAL) is a number one, world impartial developer and writer of interactive digital leisure for shoppers world wide, with a premier portfolio of premium video games designed to be used on quite a lot of platforms, together with consoles, PCs, and cellular gadgets. For extra data, customers can go to: https://snail.com/.
Ahead-Wanting Statements
This press launch comprises statements that represent forward-looking statements. Most of the forward-looking statements contained on this press launch may be recognized by way of forward-looking phrases similar to “anticipate,” “consider,” “might,” “anticipate,” “ought to,” “plan,” “intend,” “might,” “predict,” “proceed,” “estimate” and “potential,” or the detrimental of those phrases or different related expressions. Ahead-looking statements seem in quite a few locations on this press launch and in our public filings with the SEC and embody, however should not restricted to, statements relating to (i) the analysis and feasibility for introduction of Snail’s personal proprietary stablecoin and any future implementation, which can depend upon a number of elements, together with regulatory issues, technical readiness, threat assessments and strategic alignment with Snail’s core enterprise, (ii) Snail as a pioneer amongst public corporations inside the digital leisure trade to combine stablecoin infrastructure instantly into its company technique, (iii) Snail showcasing its ongoing dedication to fostering creativity and innovation throughout its world portfolio, (iv) Snail’s long-term funding within the subsequent era of players and creators, and (v) Gen Alpha projected to develop into essentially the most digitally fluent and commercially influential era so far. You must fastidiously take into account the dangers and uncertainties described within the “Danger Components” part of the Firm’s Annual Report on Kind 10-Ok for the fiscal 12 months ended December 31, 2024, which was filed by the Firm with the SEC on March 26, 2025 and different paperwork filed by the Firm every so often with the SEC, together with the Firm’s Types 10-Q filed with the SEC. The Firm doesn’t undertake or settle for any obligation to launch publicly any updates or revisions to any forward-looking statements to replicate any change in its expectations or any change in occasions, situations, or circumstances on which any such assertion is predicated.
Disclaimer:
This press launch doesn’t represent a proposal, sale or solicitation of a proposal to purchase any digital asset or safety. The Firm has not dedicated to a particular launch timeline or use case deployment. Any future implementation will depend upon a number of elements, together with regulatory issues, technical readiness, threat assessments and strategic alignment with Snail’s core enterprise. Snail might decide at any time to desert its present intent to discover the issuance of A proprietary US dollar-backed stablecoin.
Investor Contact:
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
Contact
PR Contact
Monty Robles
Snail Video games
montyr@snailgamesusa.com
Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
