Color Star Technology Co., Ltd. has announced that its subsidiary, Color Metaverse Pte. Ltd., officially reached a strategic cooperation agreement with Banger Games S.L. In the future, the two parties will cooperate closely on metaverse game development, digital copyrights and related technologies. Banger is a gaming platform that empowers gamers to monetize their time, challenge themselves, trade, improve their skills, and take full advantage of their gaming experience, in addition to developing a module for in-game achievement management, a cloud gaming platform and an anti-cheat platform.

As a social platform with "artificial intelligence + celebrity entertainment" at its core, Color Star's ColorWorld Metaverse platform also has a game development segment. The subsidiary company Color Metaverse is focused on developing its business of digital commerce and products in the metaverse and the gaming platform that unifies both Web2 and Web3 games and empowers users throughout ownership, income and self-expression. After the Agreement is reached, the two parties will not only conduct joint development of metaverse games and establish a technology partnership, but will also take full advantage of their respective platforms and networks, combining gamification, cryptocurrency, NFT blockchain technology, etc.

to create a new business model.