to invest $1 million into iCandy

Blockchain game developer iCandy enters funding partnership with esports site

Blockchain and esports website is investing $1 million in Australian development outfit iCandy Interactive. agrees to invest $1 million into iCandy in exchange for 16.5 million newly issued ordinary shares. Under the Term Sheet, payments from will take place over five equal tranches of $200,000, with the first tranche payable with 7 days of signing.

By the end of the transaction, will own 19.5% of iCandy. Thanks to the investment, products and services offering will be promoted through the iCandy gamer network, which currently exceeds 23 million gamers. will appoint one director onto the Board of iCandy to facilitate a close collaboration between the businesses.

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