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CULVER CITY - Snail, Inc. (NASDAQ:SNAL), a global interactive digital entertainment developer and publisher with a market capitalization of $51.73 million and impressive revenue growth of 47% over the last twelve months, announced Tuesday it is exploring the potential development of a proprietary stablecoin as part of a strategic digital asset initiative. According to InvestingPro analysis, the company maintains a FAIR overall financial health score.
The company emphasized that no decisions have been made to integrate such technology into its corporate strategy, and any implementation would depend on multiple factors including regulatory approvals, market conditions, technical feasibility, and cybersecurity considerations. With the stock currently trading at $1.68, InvestingPro analysis suggests the company is trading above its Fair Value, though it maintains a moderate debt level and strong profitability metrics.
To support this exploratory initiative, Snail has retained external consultant Dr. George Cao, founder and CEO of cryptocurrency platform AscendEX, along with legal advisors from a firm recognized for serving cryptocurrency and blockchain clients.
"This stablecoin exploration is a natural evolution of our innovation-led strategy," said Snail co-CEO Hai Shi, noting it would support efforts to evaluate how blockchain technologies could align with the company’s long-term goals.
The company stated it is assessing the feasibility of developing a stablecoin with multiple external use cases, though no timeline or commitment has been established. Snail indicated it may evaluate future hiring needs for professionals with specialized blockchain experience. For deeper insights into Snail’s financial health and growth potential, investors can access comprehensive analysis and 12 additional ProTips through InvestingPro’s detailed research reports.
Snail emphasized that its primary focus remains on gaming across its ARK franchise, indie titles, and other genres, while characterizing this crypto exploration as a potential step in advancing its digital entertainment innovation vision.
The announcement was made in a press release statement from the company, which develops games for consoles, PCs, and mobile devices.
In other recent news, Snail Inc. reported a notable 42.5% increase in revenue for the first quarter of 2025, reaching $20.1 million. Despite the revenue growth, the company recorded a net loss of $1.9 million, slightly higher than the previous year’s loss of $1.8 million. Bookings also rose by 13.6% to $22.2 million, and total units sold surged by 45%. Additionally, Snail Inc. is exploring the feasibility of developing its own stablecoin, aiming to position itself as an early adopter of blockchain technology in the digital entertainment sector. The company has engaged Dr. George Cao and a nationally recognized law firm to support this initiative. While Snail continues to focus on its gaming franchises, the stablecoin initiative is part of a broader strategy to drive innovation. No decisions have been made regarding the integration of this technology, and there is no timeline or commitment for implementation.
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