5 mins

Malaysia's Mission in Becoming a Global Gaming Hub

Malaysia's emerging prominence within the ASEAN gaming market has seen substantial revenue generation. By outpacing North American figures, Malaysia aims to become a global gaming hub through strategic location, skilled professionals, and government support, notably from the Malaysia Digital Economy Corporation (MDEC). MDEC has been instrumental in pushing digital innovation, including a major metaverse initiative, aiming to make Malaysia a magnet for international game studios and investment. This vision is supported by Acxyn, a company that is revolutionizing the gaming industry by transforming game economies and IPs into tangible assets through Web3 technologies. Acxyn's collaboration with MDEC, bolstered by an RM750,000 grant, aims to redefine Malaysia's digital landscape, focusing on innovation in the metaverse, blockchain education, technological research, IP protection, and talent development. The partnership between MDEC and Acxyn is seen as a strategic move to enhance productivity, quality, and efficiency in the digital sector, with a particular focus on creating, protecting, and monetizing intellectual property. This collaboration underscores Malaysia's potential as a significant player in the digital realm, emphasizing innovation, education, and blockchain integration into the local business ecosystem. In essence, Malaysia's efforts, supported by Acxyn and MDEC, not only aim to establish the country as a global gaming hub but also as a leader in digital innovation and blockchain technology. This is part of a broader strategy to fuel economic growth, nurture local talent, and position Malaysia at the forefront of the digital age, showcasing its commitment to becoming a key player in the global digital and gaming industry.

The gaming industry across the globe continues to grow exponentially, especially in Asia-Pacific, where statistics have shown that it has dominated the global video game market for years. In 2015, revenue from the game market amounted to 43.1 billion U.S dollars, which is almost double the North American revenue. However, it's not just about chasing numbers; it's about creating an environment where innovation and creativity can flourish. Malaysia is taking bold strides to become a global gaming hub, and its progress is turning heads worldwide.

Malaysia's Rise in the ASEAN Market

Malaysia has emerged as a rising star in the ASEAN gaming market in recent years. Global gaming companies have noticed and are setting foot in the country, eager to be part of its success story. This surge of interest is driven by Malaysia's strategic location, a talented pool of professionals, and the government's unwavering support for the gaming industry.

The Malaysia Digital Economy Corporation (MDEC), the country's leading government agency in advancing the digital economy, has played a pivotal role in fostering this transformation. MDEC's ambitious metaverse initiative isn't just a foray into the metaverse sector; it represents a commitment to fostering digital creativity on a grand scale. Their vision extends beyond the ordinary, aiming to position Malaysia as a global gaming hub capable of attracting international game studios and investments, fueling the nation's digital growth.

Acxyn: Pioneering Malaysia's Digital Landscape

At Acxyn, the mission is to empower the transformative shift of game economies and game intellectual properties (IPs) into real-world assets, enhancing liquidity and commercial potential. Acxyn offers a plug-and-play solution for video game creators to maximize revenue potential with Web3, revolutionizing stakeholder engagement through IP ownership and transparency.

With a robust business model that combines a hybrid Software as a Service (SaaS) and a value-driven approach, Acxyn has received substantial support from over 50 regional premier gaming brands. Acxyn's collaboration with MDEC represents a monumental stride toward redefining Malaysia's digital landscape.  Through this partnership, Acxyn has received substantial backing from the Malaysia Digital Economy Corporation (MD kl EC) through an RM750,000 grant.

The grant awarded to Acxyn will be disbursed in a structured manner based on predetermined milestones that align with the company's goals and national objectives. This approach ensures that the funds allocated to Acxyn will enable the project to achieve critical milestones, ultimately contributing to Malaysia's digital growth.

Quoted from the partnership’s official press release, Ts. Mahadhir Aziz, Chief Executive Officer of MDEC said, “This collaboration serves as a testament to MDEC’s commitment in driving digital transformation and fostering a thriving creative ecosystem, further reaffirming Malaysia’s position as the digital hub of ASEAN. Through the Malaysia Digital (MD) national strategic initiative and PEMANGKIN programmes, we look forward to continuing supporting Acxyn’s growth, driving the adoption of creative technologies and propelling Malaysia to the forefront of the web3 revolution.”

MDEC anticipates that this collaboration will lead to the creation of cutting-edge solutions that enhance productivity, elevate product quality, and boost business efficiency. The creation of unique intellectual property owned by Acxyn, which can be legally protected and monetized, is a crucial part of this process. Beyond creation, the aim is to showcase the commercial value of the IP, converting it into viable and marketable products. MDEC is keen on seeing the IP being effectively brought to the market, generating revenue, and contributing to Malaysia's economic growth. The focus encompasses a few sectors, such as:

Metaverse Vision: Elevating Malaysia's Digital Realm

In the realm of the metaverse, the possibilities are limitless. As we work alongside MDEC, our mission is to sculpt a vibrant metaverse that blends innovation with immersive experiences, enchanting a global audience. The metaverse is not just about gaming; it's about creating an interconnected digital universe where creativity knows no bounds. Our partnership is built on the belief that Malaysia can be a significant player in this dynamic realm. Together, we are pioneering new frontiers, creating experiences that capture the imagination and leave an indelible mark.

Web3 Empowerment: Positioning Malaysia as a Beacon of Blockchain Knowledge

In the age of Web3, blockchain is the cornerstone of innovation. At Acxyn, we champion a nationwide Web3 educational wave that positions Malaysia as a beacon of blockchain knowledge. Our collective goal is to catalyze economic rejuvenation by empowering our people with the tools and knowledge they need to thrive in this digital era. As we unlock the potential of blockchain technology, we're not just creating opportunities; we're nurturing a generation of innovators, dreamers, and creators who will shape Malaysia's digital destiny.

Innovative Research: Spotlighting Malaysia on the Global Innovation Map

Research fuels progress, and innovation sets nations apart. In alliance with premier local institutions, we are igniting technological research, putting Malaysia on the global innovation map. Our mission is to be at the forefront of emerging technologies, pioneering new approaches, and developing solutions that drive progress. With a mission for Malaysia to be recognized as a hub for groundbreaking research and innovative ideas that transform industries and impact the world.

IP Evolution: Redefining IP Valuation and Protection

Intellectual property (IP) is the lifeblood of innovation. At Acxyn, we are redefining IP valuation and protection through our innovative tokenization and investment platform. This revolutionary approach can galvanize local entrepreneurial spirit and amplify economic momentum. By giving creators control over their IP, we nurture a thriving ecosystem where ideas are protected and value is realized. The world is watching as Malaysia evolves into a global IP innovation and protection hub.

Talent Cultivation: Nurturing Malaysia's Future Innovators

Behind every digital transformation are individuals driven by curiosity, ambition, and the relentless pursuit of knowledge. Our unwavering allegiance to Malaysia extends to nurturing local talent in blockchain, data analytics, and beyond. We are fostering continuous professional growth, enabling our talent to compete on the global stage. With the right support and guidance, Malaysia's digital professionals are poised to leave a lasting mark on the world.

Blockchain Synergy: Guiding Local Businesses into the Digital Landscape

Blockchain is not just for startups; it's a transformative tool for all businesses. Acxyn is poised to guide local businesses in seamlessly weaving blockchain into their fabric, fortifying their stance in a progressively digital landscape. As the world evolves, so must our businesses, and by embracing blockchain technology, they can unlock new potential, streamline operations, and position themselves for success in the digital age.

In conclusion, our partnership with MDEC represents a shared vision, a mission to redefine Malaysia's digital landscape, and a commitment to shaping the nation's digital destiny. Together, we are journeying to empower our nation with Web3 knowledge, lead innovative research, protect intellectual property, cultivate talent, and guide local businesses into a digital future. Malaysia's ascent as a global gaming hub is not just a possibility; it's a vision fulfilled by the dedication and innovation of our people, and Acxyn is honored to be at the forefront of this transformative mission.

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