Pip World, a socialfi gaming platform, has acquired Stockrise, Roblox’s top-grossing stock simulator game, for an undisclosed sum.
The addition of Stockrise to Pip’s ecosystem is expected to provide a valuable tool for developing practical investment knowledge in the younger generations.
Financial literacy, the precious
The acquisition of Stockrise by Pip World represents a huge step in the platform’s efforts to cultivate financial literacy among its 7 million users, many of whom are aspiring young traders.
Stockrise, known for its hyper-realistic paper trading simulations of stocks and cryptocurrencies, offers players an engaging and risk-free environment to practicing their trading skills.
The game’s realistic features allow users to practice risk assessment and trading strategies without financial consequences, making it an ideal educational tool.
GenZ likes to play, so they can be educated by games
Saad Bachir Al Naja, CEO of Pip World, cheered the importance of gaining financial skills early in life, reflecting on his own experiences as a teenager learning to trade.
“The financial decisions we make early in life profoundly shape our futures. With better financial literacy and informed decisions, individuals can significantly improve their financial positions. Empowering Gen Z with the tools and knowledge to make the best possible decisions from a young age will have a lasting impact on their futures.”
Pip’s ecosystem is growing
Following the acquisition, Stockrise will join Pip World’s suite of social games, including the immersive trading strategy game Pip Trader.
With $10 million raised in an oversubscribed pre-seed funding round, Pip World plans to implement many upgrades to Stockrise, and planning to elevate it to a AAA gaming experience.
These improvements are expected to further support the platform’s ability to provide an extraordinary educational experience for users.
