Annual Report: Green Grey Revenue Increases Over 60% in 2023

GM MetaGamers!

Today we’re coming in with great news from Green Grey, which has solidified its presence in the mobile gaming and technology sector in 2023 with a notable 61.8% increase in gross revenue, totaling $7.5 million. A testament to a year marked by strategic enhancements and innovative ventures.

A significant contributor to this success was the company's engagement with popular influencers, leading to the creation of two games for the blogger Gasbula Magomedov (Hasbik). These games capture the essence of Hasbik’s brand and help him further monetize his extensive follower base, along with boosting direct engagement and expanding market reach.

The publishing division of Green Grey Holding also saw substantial gains, generating about $450K. The acquisition of three promising IPs—Samedi Manor, Eco Tycoon, and Movie Mania—expanded the company’s gaming portfolio. Each game brought a unique flavor to the market: Samedi Manor delved into the eerie charm of managing an undead army, Eco Tycoon tackled oceanic cleanup and recycling, while Movie Mania offered players a chance to run their own movie empire, enhancing the diversity of gaming experiences offered to players.

The company has successfully managed to acquire exclusive rights for the development of the Word Estates IP, increasing revenue share within the pre-existing Megu Games deal. We are also excited to announce Raid Rush has joined the Green Grey Holding game portfolio.

Operational excellence was also at the forefront, with over 100 new game tests conducted and more than 200 applications for testing and cooperation received. This approach underscored Green Grey Holding’s commitment to innovation and industry collaboration. The workforce expansion to 149 employees further empowered the company to scale production and enhance productivity across various departments, including seasoned professionals in Web3 game design and marketing spaces.

What’s ahead: more partnerships, monetization, and games!

The 2024 year began on a very positive note with the kick-off of the GG MetaGame brand and the long-awaited listing of our game-focused GGMT token, expected to play a major role in the future development of several product lines of Green Grey Holding. In the months ahead, we are set to build on our current momentum with several strategic initiatives:

  • Expanding influence and partnerships: The successful influencer collaborations of 2023 will be a springboard for new game developments and potential ventures into related merchandise, aiming to broaden revenue sources and enhance brand engagement.

  • Enhancing publishing and monetization: There will be a concentrated effort to maximize the returns from newly acquired IPs. Green Grey Holding will explore cutting-edge trends in mobile game monetization to optimize revenue from both existing and new games.

  • Advancing technological development: The SERIES Interactive Novel Platform (iOS | Android) is slated for significant upgrades to boost user interaction through immersive storytelling. Additionally, the continued development of the MetaGame project will see the integration of Web3 tools, offering players unique gaming experiences that leverage the benefits of blockchain technology.

As Green Grey Holding strides into 2024, it remains committed to leveraging its robust performance in 2023 to drive sustainable growth and continue delivering innovative, high-quality gaming experiences. Green Grey Holding is strategically poised to capitalize on the fast-growing blockchain gaming market, projected to reach $614.91 billion by 2030.

The company's robust experience in mobile gaming coupled with its proactive adoption of blockchain technology allows it to lead in this evolving market. By integrating traditional gaming success with blockchain advancements, Green Grey Holding aims to broaden its user base and deepen engagement, positioning itself at the forefront of the gaming industry's digital economy. This strategic focus ensures the company's relevance and competitive edge as the sector undergoes rapid transformation.

We thank our community, partners, and dedicated team for making 2023 a remarkable year. And we’re excited to work for an even greater success in 2024!

For the latest news and updates on our project, follow us on Twitter. Engage with our team and fellow community members on Discord and Telegram, where you can ask questions, share ideas, and stay connected with the heartbeat of GG MetaGame.

For more information, please visit ggmt.io

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