Gameflip

Digital Marketplace for Gamers

Gameflip

Digital Marketplace for Gamers

San Jose, CA
Consumer Internet
Gaming
Gameflip is a leading marketplace powered by advanced technology that ensures simple, safe transactions for all things digital – offering gamers the ability to “flip” their gaming items and assets. With sales on our platform of $140M+ to date, $10M raised from Silicon Valley VCs, and the application of commercial blockchain technology, we are changing gaming and aim to power digital commerce for the gaming metaverse.

$320,383

raised
299
Investors
$34.8M
Valuation
$0.50
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$320,383

raised
299
Investors
$34.8M
Valuation
$0.50
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Gameflip:

$250+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Apprentice
Invest $500+ and receive 2% bonus shares + $25 in *Gameflip Credits.
$1,000+
Investment
Journeyman
Invest $1,000+ and receive 4% bonus shares + $50 in *Gameflip Credits.
$2,500+
Investment
Adept
Invest $2,500+ and receive 6% bonus shares + $125 in *Gameflip Credits.
$5,000+
Investment
Expert
Invest $5,000+ and receive 8% bonus shares + $250 in *Gameflip Credits.
$10,000+
Investment
Master
Invest $10,000+ and receive 10% bonus shares + $500 in *Gameflip Credits.
$20,000+
Investment
Champion
Invest $20,000+ and receive 10% bonus shares, $1000 in *Gameflip Credits, and **Conference call with CEO.


Reasons to Invest



  • STRONG TRACTION: Gameflip has already raised $10 million from Silicon Valley VCs and has facilitated lifetime sales of over $140M (GMV) from our community of more than 6 million gamers.
  • RIGHT MARKET TIMING: The global games market is projected to grow to a staggering $204B by 2023, with $2.5B invested into blockchain gaming start-ups just in Q1 2022 and major gaming publishers signaling blockchain-based games to be part of their core business strategies for the future.*
  • EXPERIENCED TEAM: The Gameflip team previously built and sold their games publishing business, Aeria Games, and has partnered with Marvel and Ubisoft to develop multiple top mobile games.


*Market information provided by Newzoo, CryptoPotato, International Business Times, & PC Gamer

(source / source / source / source)


Overview


A Cutting-Edge Digital Asset Marketplace Poised to Capture the Opportunity Created by the Rapidly Changing Gaming Industry 

By 2023, sales of digital in-game items are expected to make up 77% of yearly revenue for the $204B gaming industry, and as seen by the astounding success of free-to-play titles like Fortnite, Roblox, and League of Legends, this trend is now influencing how games are being developed and monetized. Yet, these in-game items no longer provide gamers with the ownership that was once standard within the industry. As digital in-game item purchases have become the primary revenue driver for most gaming companies, the ability to resell games has become increasingly limited.



Gameflip was created to give control to gamers, enabling them to simply, safely “flip” their gaming assets. As a trusted global marketplace boasting more than 6 million users, Gameflip enables the flexibility to unlock the value of tradable gaming assets within today's closed gaming ecosystem. Our experienced team has established the platform's ability to safely facilitate consumer-to-consumer (C2C) transactions at scale with more than $140M in lifetime sales (GMV) facilitated to date, and looking ahead, we believe Gameflip is uniquely positioned to address the billion-dollar market opportunity created by the advent of blockchain-based gaming.



If users are already spending billions of dollars regularly on in-game items that are inherently locked to their respective games, what will happen when gamers can monetize true ownership with blockchain technology?


Many gaming industry giants are now crafting strategies and investing substantial resources towards the development of blockchain-based games to ensure that their growth continues.


( sourcesource)


Validated by this industry shift towards an open, player-owned gaming ecosystem, our team has actively been developing the capabilities of Gameflip Omni, a unique, in-house commerce infrastructure that accommodates transactions for blockchain-based digital assets.


As more games begin to incorporate blockchain technology and ownership of digital assets redefines the industry, Gameflip will deliver a full suite of products and services to enable gamers, creators, brands, and developers to connect, safely conduct commerce, and mutually share the benefits.

The Problem


Gamers Spend Billions of Dollars in Today’s Games But Own Nothing

Not long ago, consumers owned and could easily resell their games at brick-and-mortar locations in order to reinvest in new games. As digital in-game item purchases have become the primary revenue driver for most gaming companies, such opportunity has become increasingly limited. Today, gamers purchase billions of dollars worth of digital gaming items, while earning even more items by investing countless hours playing their favorite games. 


(source)


Due to the technology limitations of current games, the value of these digital items are locked within the associated games and only a tiny percentage can be traded or resold amongst gamers. Because of this, many will lose the vast majority of their investment as soon as they stop playing a game.


Gameflip believes that commercial blockchain technology will be integral to player-owned economies in the future of the gaming industry. Clear ownership, verifiable authenticity, and ease of transferability will provide valuable and equitable benefits to the entire ecosystem. 

The Market


A Massive $175B Market Quickly Shifting to Blockchain-Based Games

The $175B global games market is undergoing a massive evolution. The free-to-play model has become a lucrative strategy for many game publishers, as an expected 77% of yearly revenues will come from digital in-game items by 2023. Paired with commercial-ready blockchain technology and the strong demand for ownership by gamers, mainstream blockchain-based gaming is imminent. 


(sourcesourcesourcesource)


Investments into blockchain game development have grown exponentially, with $2.5B invested in Q1 of 2022 along with hundreds of millions more from blockchain technology companies such as Binance, Solana, and Polygon. In addition, key players within the gaming industry such as EA, Ubisoft, and Square Enix have announced major recent strategies and investments into blockchain-based games. As such, the blockchain-based gaming market is forecasted to grow at a breakneck pace from $1.5B in 2021 to an incredible $50B by 2025.


(source, source, source)

The Solution


An Ecommerce Platform to Power the Growth of the Gaming Industry

Gameflip has launched a cutting-edge marketplace platform that enables gamers to buy and sell digital assets including in-game items, gaming assets, collectibles and games through simple, safe transactions. While current digital asset marketplaces have complex transactions and security challenges, Gameflip is a proven commerce solution that provides an intuitive checkout flow with built-in consumer protection for mainstream users.



Gameflip employs a marketplace business model, generating revenue from both buyers and sellers for each completed transaction on its platform. Revenue is generated from buyer purchase fees, seller sales commission and seller cashout fees.



In early 2022, we significantly expanded our platform capabilities by adding support for transactions of digital assets from top blockchains including Ethereum, Polygon and BNB Chain. This core functionality powers Gameflip Omni, our new fully customizable storefront that allows content creators, game developers, and brand partners to create, market and sell their digital assets to the mainstream. 


Partnering with dominant Southeast Asia media giant POPS WORLDWIDE, Gameflip released a wave of collectible assets to their combined audience of nearly 500M users to demonstrate Gameflip Omni’s utility and seamless redemption. The launch was well-received and the initial collection was sold out.



Looking forward, Gameflip will power the growth of the gaming industry by delivering a full suite of blockchain-based products and services to enable gamers, creators, brands, and developers to connect, safely conduct commerce, and mutually share the benefits.

Our Traction


Over 6 Million Users Strong & More Than $140M in Sales (GMV) Facilitated

Even with limited tradability of digital items in games today and commercial blockchain-based gaming in its infancy, Gameflip has seen extraordinary success to date. We have facilitated more than $140 million in lifetime sales (GMV), with $27 million in 2021 alone. Our community consists of more than 6 million registered users, who have created over 40 million listings. Meanwhile, the Gameflip app has received a combined 3 million downloads across the Apple and Android stores.



But most notably, we’ve been validated by product experts and investors. Gameflip recently launched on Product Hunt and was voted into the top 2 by their community of product experts, joining the ranks of top global brands such as Slack, Robinhood and Notion. In addition, we’ve already raised over $10 million from Silicon Valley VCs including Bullpen Capital, GoAhead Ventures, PlayNext and LightBank.


Why Invest


Join Our Quest to Craft the Future of Gaming

Gameflip's flexible marketplace provides gamers a safe, secure ecosystem to trade and sell their digital assets, and with an easy-to-use platform, we are looking to stake our claim in the blockchain-based gaming industry. 


Beyond gaming, we see huge opportunities in applying our technology to other verticals such as fashion, music, and entertainment. As more industries follow gaming’s trend towards digital, we plan to leverage our platform to power digital commerce for the Metaverse. 


Currently in development, our white label B2B commerce solution will include developer-friendly API access to features such as account management, digital wallets, payment, security, fraud detection systems, financial compliance, and marketplace functionality.


Join our journey towards transparent digital ownership and help us create the future of gaming. Invest in Gameflip today!


Offering Summary


Company

:

IJJI, Inc.

Corporate Address

:

55 S. Market Street, San Jose, CA 95113

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

20,000

Maximum Number of Shares Offered

:

2,140,000

Price per Share

:

$0.50

Pre-Money Valuation

:

$34,781,546.50











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based Investment Incentives

Super Early Bird

Invest within the first 72 hours and receive 10% bonus shares.

Early Bird

Invest within the first two weeks and receive 5% bonus shares.

Amount-Based Investment Incentives

$500+ | Apprentice

Invest $500+ and receive 2% bonus shares + $25 in *Gameflip Credits.

$1,000+ | Journeyman

Invest $1,000+ and receive 4% bonus shares + $50 in *Gameflip Credits.

$2,500+ | Adept

Invest $2,500+ and receive 6% bonus shares + $125 in *Gameflip Credits.

$5,000+ | Expert

Invest $5,000+ and receive 8% bonus shares + $250 in *Gameflip Credits.

$10,000+ | Master

Invest $10,000+ and receive 10% bonus shares + $500 in *Gameflip Credits.

$20,000+ | Champion

Invest $20,000+ and receive 10% bonus shares, $1000 in *Gameflip Credits, and **Conference call with CEO.

NOTES

  • *Gameflip Credits to be issued 60 days after the closing of the crowdfunding campaign and expire 30 days after they are issued
  • **Conference call with CEO to be scheduled within 60 days after the closing of the crowdfunding campaign and runs for 30 minutes

*All perks occur when the offering is completed.

The 10% for StartEngine OWNer’s Bonus

IJJI, Inc. (DBA Gameflip) will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Non-Voting Common Stock at $0.50/share, you will receive 110 shares of Non-Voting Common Stock, meaning you'll own 110 shares for $50. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$2,769,557.00 USD
$4,891,929.00 USD
Cash And Cash Equivalents
$2,549,130.00 USD
$4,344,596.00 USD
Accounts Receivable
$146,277.00 USD
$480,618.00 USD
Short Term Debt
$465,365.00 USD
$796,261.00 USD
Long Term Debt
$0.00 USD
$237,070.00 USD
Revenues And Sales
$3,280,014.00 USD
$3,904,356.00 USD
Costs Of Goods Sold
$865,404.00 USD
$993,933.00 USD
Taxes Paid
$1,664.00 USD
$1,600.00 USD
Net Income
-$1,554,407.00 USD
-$1,423,109.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

$300k Milestone Achieved!

5 days ago


Thanks to your continued support we surpassed $300k in our equity crowdfunding raise!

We’ve got an unbelievable bonus fact for our SE followers today. In 2021, our top seller sold $366,000 worth of in-game items on the Gameflip platform!

Interested in investing in Gameflip? Invest Today!

You can still earn some incredible bonuses for your investment:

  • Investments of $500 receive 2% bonus shares and $25 in Gameflip Credits
  • Investments of $2500 receive 6% bonus shares and $125 in Gameflip Credits
  • Investments of $5000 receive 8% bonus shares and $250 in Gameflip Credits
  • Investments of $10000 receive 10% bonus shares and $500 in Gameflip Credits

$250k Milestone Achieved!

11 days ago


Thanks to the incredible support of our community, we’ve smashed through the $250k milestone and are well on our way to reaching the next major milestone at $500k. 

If you’re following our campaign and are still considering investing, remember that we offer up to 10% bonus rewards based on the size of your investments. 

With this milestone we thought it would be fun to share a bonus fact about our marketplace. To date, the single most expensive item ever purchased on Gameflip was a cosmetic item for the popular esports game Counter Strike: Global Offensive. The item is called the Pandora’s Box Sports Gloves and it sold for $2,500!

Thank you all very much for your continued support!

Announcing our Massive Strategic Partnership with Polygon Studios!

12 days ago


We have big news to share with the StartEngine community. We are excited to announce our partnership with the Polygon Studios, one of the top global blockchains with over 1.8B transactions. We will join their list of partners including Instagram, Stripe, Adidas, and more. We’re bridging the gap between our community of 6 million gamers and their community of over 13 million users to build a new, borderless economy for gamers.

This is a huge win for us. Not only have we received validation from leaders in the blockchain space, we’re also getting positive recognition by receiving over $10M in investment from Silicon Valley VCs and from investors here on the StartEngine platform. 

Don’t forget, you can still secure up to 10% bonus shares by supporting us here on StartEngine!

JT and Matheus Q&A on the Mapable USA Podcast

14 days ago


Our CEO, JT Nguyen, and head of operations, Matheus Arnellas, joined the folks at the Mapable USA podcast for a Q&A session. They addressed a lot of the questions we’ve seen from our community and gave background into where we came from and what our plans are for the future.

Check out the podcast here: https://mapableusa.com/reg-cf-crowdfunding-in-the-gaming-industry/

Thank you again for all your support so far!

Only 24 Hours Left to Receive 5% Bonus Rewards as an Early Bird Investor

20 days ago


Our equity crowdfunding campaign launched in early September and thus far we've received very positive feedback from everyone. We want to thank all of you for your strong interest and support!

Now's your last chance to receive 5% bonus rewards for our Early Bird bonus. Act quickly since there's only 24 hours left!

Gameflip is aimed at bringing Web3 game developers to our commerce platform, hence, we've recently launched our Play portal. Play by Gameflip cross-promotes curated Web3 games to Gameflip's audience of 6 million mainstream gamers, ushering our community to a new and innovative way to play video games. Gameflip's platform provides value to developers as well – offering APIs for their games to safely create and transact digital gaming assets. 

Join us, and together we can help make gaming better!

A Recap of our First Week Full of Excitement and Momentum!

22 days ago


Week one of our equity crowdfunding on StartEngine has been incredible so we want to thank you all for your follows, comments and support! 

In our first week we: 

1. Had over 8,000 visits to our StartEngine landing page

2. Received over $200,000 of committed investments from 160+ investors 

3. Were featured under the “Most Momentum” section of the StartEngine homepage 


There’s currently five days left to secure 5% bonus rewards in the Early Bird campaign. If you’ve been keeping an eye on our campaign, this is a great time to join us! 

Next week, we're planning to post a special Q&A from our CEO, JT. If you have any questions for him about our platform, equity crowdfunding campaign, future goals, or anything else related to Gameflip, please leave a comment and he'll address them in the Q&A. 

Again, thank you all very much for the incredible support!

Announcing our Web3 Gaming Partnership with Nitro League!

25 days ago


We’re proud to announce to the StartEngine community our partnership with Nitro League, an innovative Web3 game, bringing high-octane racing action to Gameflip's community of over 6M gamers. 

“We’re excited to incorporate Nitro League into our platform and will continue to pursue partnerships with top blockchain-based games in the future”, said JT Nguyen. Gameflip is powering commerce for Web3 gaming by delivering a full suite of blockchain-based products and services to enable gamers, creators, brands, and developers to connect, safely conduct commerce, and mutually share the benefits. 

Nitro League is a top Web3 game built on the Polygon blockchain and Gameflip offers an easy and seamless integration for new and existing Nitro League players by allowing them to purchase digital gaming assets through Gameflip’s “Amazon-like” purchase flow. In addition, Nitro League will be offering a limited number of special, never before released race cars only available through the Gameflip platform. 

This is an incredible time to join our exciting journey. Remember, there’s only 1 week left for our Early Bird Bonus, so act quickly if you’d like to secure 5% bonus rewards

This is just the beginning of the exciting partnership announcements we have lined up. Consider following us here on StartEngine to keep up to date with all the upcoming news we’re excited to share with you. 

If you have any questions about Gameflip, our partnership with Nitro League, or our equity crowdfunding campaign, please leave us a comment!

Proud to Announce our $150k Milestone!

28 days ago


We are blown away with the incredible support we’ve received on our equity crowdfunding campaign. We’ve now surpassed $150k in committed investments so far! 

Our campaign is generating a great amount of momentum and we’re capitalizing on that by securing partnerships and lining up content to be released through our platform. Our Amazon-like checkout flow is bringing Web3 to the mainstream. 

This is an incredible time to join our explosive growth. Remember, there’s only 9 days left for our Early Bird promotion so act quickly if you’d like to secure 5% bonus rewards!

If you have any questions about Gameflip or our equity crowdfunding campaign, please leave us a comment!

Last Day for 10% Bonus Rewards!

about 1 month ago


There’s only 24 hours left to receive our Super Early Bird promotion for 10% bonus rewards! This is the largest amount of bonus shares we’ll ever give, so this is your last call to claim those 10% extra bonus rewards! Act quickly!

Today we have one of many exciting announcements to share with our followers on StartEngine!

Gameflip was voted in the top 3 of Product Hunt’s Product of the Day by their community of product experts. We’re proud to join the ranks of other massive products such as Slack, Robinhood, and Notion.

This kind of community support helps us achieve our goals and get our product in front of new eyes, drawing a larger community and validating our platform. 

Gameflip is aimed at bringing Web3 game developers to our platform, allowing them to sell to the mainstream by removing the complexities of blockchain transactions. Today we made our first announcement and our validation by community experts, but we have a few more massive announcements to make in the coming weeks. Trust us, these are going to be huge. Follow us on StartEngine to be the first to know.

Don’t forget! Today is the last day of our Super Early Bird promotion here on StartEngine. If you want to secure 10% bonus rewards, you only have 24 hours left!

48 Hours Left for Super Early Bird and $50k Milestone!

about 1 month ago


First off, we’d like to thank you all for all the amazing support we’ve received from our community and the StartEngine investors so far! We reached $50k in committed investments in just 6 hours!

This is an incredible time to join our explosive growth. Remember, there’s only 48 hours left of our Super Early Bird bonus, so act quickly if you’d like to secure 10% bonus rewards!

In the next few weeks we have some huge partnership announcements to make. Consider following us here on StartEngine to keep up to date with all the upcoming news we’re excited to share with you.

If you have any questions about Gameflip or our equity crowdfunding campaign, please leave us a comment!

Launch Day & Super Early Bird Bonus!

about 1 month ago


Gameflip is proud to be part of the StartEngine platform for the exclusive launch of our equity crowdfunding campaign! 

Now is the best time to invest! Our Super Early Bird bonus is now live, and you have just 72 hours to receive 10% bonus rewards. This is the largest discount on shares we’ll offer, so act now if you want to secure a massive bonus!

We’re a small, Silicon Valley-based startup created by a diverse group of gaming industry veterans. When we launched in 2015 we had a goal of making gaming better, and have gained massive community traction while keeping that goal in our sights.

With the largest gaming companies investing heavily into blockchain-based gaming, we’re poised to power commerce on any Metaverse. Our robust platform doesn’t just stop at gaming; We can easily branch into entertainment, music, fashion, and so much more.

This is a very exciting time for us, and we hope that you’ll join our journey to bring Web3 to the mainstream. Over the next month we’ll post a number of updates here on StartEngine about our platform, our growth potential, some massive partnership announcements, and even a Q&A with our CEO, JT. 

We encourage you to hit the Follow button to keep up to date with our exciting launch.

If you have any questions, please leave them in the comments. We’ll address some of the most frequently asked questions in our upcoming Q&A.

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