GGTOOR, Inc an emerging leader in the eSports markets, announces GGTOORCITY is located within TCG.WORLD. TCG World is the largest open world blockchain based game where players can earn TCG Coin 2.0, gather NFT collectibles, own virtual real estate, create, explore the game world, control their own online businesses, or just have fun. TCG World introduces an innovative approach to NFTs, making it more than just a piece of art – now players can take their NFTs into the virtual game world and play. Everything a player owns in the Metaverse is an NFT – real estate, vehicles, pets, trophies, and even player avatars.
The Company chose TCG World for several reasons but at the top of the list is their commitment and dedication remaining pure to the principals and foundations that define the Crypto, Gaming and NFT communities. Second, unlike two of the more recognized Metaverses, TCG World was built using a gaming format. For example, if you want to own a Lamborghini in Decentraland, all you can do is look at it. If you build a Lambo in TCG World, you can drive it. If you built a golf course in Decentraland, all you can do is look at it; in TCG World you can play the entire course. Third, graphics, graphics, graphics! Need we say more, TCG World brings the most realistic graphics of any Metaverse. The bottom line is the people behind TCG World are good, pure and their commitment to excellence makes TCG World the only logical choice for anyone who believes as GGTOOR does, which is the Metaverse will be a part of all our lives going forward.
The Company inked the deal with TCG World on May 31, 2022. The Company purchased a total of 2,145 commercial parcels of virtual land that will combine to make up a total of 4,144 unique properties all located in GGTOORCITY within TCG World. The purchase totalled $102,300,000 and is believed to be the largest purchase of virtual land in Metaverse history. The Company acquired the parcels by issuing its blank check preferred stock, one share for every parcel purchased. The Company has the right to redeem its preferred stock at the time of sale. In addition to the blank check preferred the Company will be issuing 15,000,000 shares of its “Restricted” common stock to TCG World or its designee as part of the partnership agreement. This purchase structure was thought by management to be an equity transaction and since closing has sought outside opinion if this purchase would be considered equity under guidelines of a PCAOB audit using the strictest GAAP requirements. The Company received affirming guidance provided by the independent accounting firm of A-Frame Accounting & Advisory of Tampa, Florida, on Friday, June 10, 2022. A-Frame Accounting was recommended by our independent auditors and their guidance will be used during the audit process. Simply put, the Company’s balance sheet will increase by the total purchase or $102,300,000. A copy of this guidance has been uploaded to the OTCMarkets.com site, at the GTOR Quote page, under the Research Tab next to the Disclosure Tab.
The Company will be filing its unaudited annual financial disclosure in the next few days with OTCMarkets.com which will contain a balance sheet reflecting this purchase. In addition, the Company has retained Accell Audit & Compliance, PA, Tampa, Florida, to be its independent auditor. They will begin auditing the Company’s records June 20, 2022. Once completed the audited financials will allow the Company to apply to upgrade from the current OTC:PINK market to the OTC:QB. The Company will make application as soon as practical after audits are complete. If the bid price of the Company’s stock is able to achieve a price above $0.25 for the required time, the Company will forgo its plans to upgrade to the OTC:QB and it will make application to the OTC:QX.
The Company is making available for immediate purchase commercial parcels in GGTOORCITY. Effective today the Company has opened for purchase up to 100, 128m x 128m parcels priced at $375,000 each. Thirty-five, 256m x 256m parcels are priced at $1,800,000 each. Six, 512m x 512m parcels priced at $7,200,000 each and three, 1012m x 1012m parcels priced at $28,000,000 each. Interested individuals or businesses can talk with anyone of the Company’s three Commercial Property Experts: Justin Del Giudice can be contacted at: firstname.lastname@example.org, Andre Allen can be contacted at email@example.com or Tyler Wilke at: firstname.lastname@example.org. The Company will have smaller city parcels available later this summer and they are 16m x16m. Initial pricing on the 16m x 16m city parcels is $8,400 and will be reserved on a first come, first served basis only for the first 250 reservations. If you want to be placed on the list for a 16m x 16m at the introductory price you must email one of the members of the sales team and your reservation will only be confirmed once you receive confirmation from one of our commercial property experts your request has been received and approved. The Company will notify those people with confirmed reservations 30 days prior to their release date, and they will be instructed how to submit payment. Only 2,000 total units will be made available, and the price is not guaranteed after the introductory slots have been taken.