OliveX Year in Review
It’s been a wild ride this past year for our company! We’ve accomplished a lot and have a lot to be proud of.
One of the biggest highlights for us was the success of our DOSE IDOs on Polkastarter and Chainboost, which both sold out in record time. We also made our first ever CEX listing on OKXe.
We’ve also seen tremendous growth in our Fitness Metaverse Discord community, which started with 500 members and has now grown to over 23,000.
In February, we launched our first ever free airdrop campaign for Kettlemine NFTs, which reached 600K connected wallets in just 3 weeks. We also signed a partnership with Concept Art House for our Dustland’s PFP.
May saw the Alpha launch of Dustland Runner on both Android and iOS, as well as the first ever NFT sales for Operation Ape Pass. The collection was a huge success, with almost 6,000 NFTs sold and a secondary market trading volume on OpenSea of almost 100 ETH. It even became the Trending Collection of the Day on OpenSea.
In August and September, we released the real time reward game for Dustland Runner on both Android and iOS. We also had the first use of the Gym A Avatar in the Sandbox Alpha Season 3.
For Zombies, Run! it has been a year of expansion too with the game entering into 4 new markets, with Brazil now the number 4 market worldwide in terms of active users. There’s a 29% year-on-year increase in downloads and an increase in active users in October and November.
We’ve also had a successful year in terms of NFT sales, with our Kettlemine, Operation Ape Pass, Dustland Floppy Disk, and Dustland Gear collections all selling well on various NFT marketplaces. And our DOSE token has been listed on a total of 11 platforms for ETH, Polygon, and BNB.
To prepare us for the new year, we’ve undertaken an overall strategic review and have taken steps to streamline the business and focus on core products with the greatest revenue potential; move-and-own running game Dustland Runner and two audio fitness adventure brands Zombies, Run! and Marvel Move. The Company believes this move will allow it to further develop these games, which are essential building blocks to its overall strategy.
On the financial side, we undertook a significant restructuring in November to reduce costs and improve our net cash outflows by 48%. This has put us in a strong net cash position and given us the liquidity to withstand these tough market conditions.
Overall, it’s been a year of growth, innovation, and resilience for our company. Here’s to an even better one in 2023!
