Vancouver, British Columbia, October 13, 2021 / PRNewswire / – GameOn Entertainment Technologies Inc. (CSE: GET) (OTCQB: GMETF) (FSE: 9E7) (“GameOn” or the “Company”), a leader in providing broadcasters, television networks, OTT platforms , leagues, tournaments, sports betting and NFT with white label fan engagement technologies around sports, TV and live events, is pleased to announce today a partnership with Chibi dinos.
The partnership involves Chibi dinos using GameOn’s NFT prediction game product to give their 10,000 digital dinosaurs some use in games. The agreement guarantees GameOn 120,000 USD of turnover with an expected gross margin of 80%. The deal also includes a 50% revenue share of primary and secondary sales of at least one new NFT drop related to the prediction game Chibi Dinos NFT.
“The creators of NFT need ways to give their digital collectibles a utility beyond collection and exchange, and this is where GameOn adds value with our innovative customer engagement technologies. fans, “said Matt Bailey, CEO of GameOn. “Partnership with Chibi dinos introduces a whole new category of customers for GameOn beyond the rights holders to sports, television and live events, allowing us to expand our total addressable market. Income streams such as sales of NFTs in the primary and secondary markets are uncapped, in perpetuity and therefore particularly lucrative. “
Chibi dinos are 10,000 NFTs of different chibis – a Japanese slang word describing something short, often a specific type of caricature where the characters are drawn in an exaggerated manner. Chibi dinos are dressed in dinosaur costumes and the jerseys of 10 basketball teams, all supported by current and former NBA players, including Michael carter-williams, Kendrick perkins and RJ Hampton, as team captains.
Chibi dinos exhausted in 18 minutes the day of the strike on 20 August, priced at 0.06 Ethereum (ETH). Collectibles are now available on OpenSea, a peer-to-peer secondary market for NFTs with over $ 1 billion in sales to date.
Spear in July, GameOn’s NFT predictor, led by Santiago jaramillo, former head of sports at Dapper Labs (NBA Top Shot), allows fans of rights holders who partner with GameOn to build their collection by acquiring NFTs – images, video or audio – by purchasing through primary drops or a third market. From there, they leverage those assets to make predictions about upcoming events and are rewarded with exclusive status, recognition, awards, and NFTs for finishing at the top of the leaderboards. Complete collections of high-value NFTs can then be redeemed for actual rewards, including tickets, merchandise, and other exclusive offers.
The Company also announces the following:
- She has entered into an engagement with Lambert & Co (“Lambert”) to provide investor relations and capital markets advisory services to the Company. The agreement with Lambert has an initial term of one year, for which Lambert will receive a monthly royalty of US $ 7,000.
- She entered into an engagement with Oak Hill Capital (“Oak Hill“) to provide investor relations and capital markets advisory services to the Company. Oak Hill has an initial duration of three months, for which Oak Hill will receive a monthly fee of CA $ 12,000.
- It has entered into an engagement with Lion Capital Investment Limited (“Lion”) to provide advisory and other services to the Company. The agreement with Lion has an initial term of four months, for which Lion will receive a fee of US $ 450,000.
- He approved the settlement of CA $ 14,000.03 debt through the issuance of GameOn common stock (the “Debt Settlement”) on September 7, 2021. Pursuant to the debt settlement, the Company would issue 41,177 common shares of the Company (the “Shares”) at a deemed price of $ 0.34 per Share to an insider of the company. All securities issued will be subject to a four month holding period which will expire on the date that is four months and one day from the date of issue. There was no material undisclosed information at the time of the debt settlement.
On behalf of the Board of Directors:
Director and Chief Executive Officer
GameOn Entertainment Technologies Inc.
For more information:
Lambert & Cie.
ABOUT GAMEON ENTERTAINMENT TECHNOLOGIES INC.
GameOn (CSE: GET) (OTCQB: GMETF) (FSE: 9E7) powers the world’s most watched content with the most innovative white label fan engagement technologies. GameOn provides broadcasters, TV networks, OTT platforms, leagues, tournaments, sports betting and NFT with interactive and social experiences around sports, TV and live events. Since the completion of the Techstars-powered Comcast NBCUniversal LIFT Labs accelerator in 2018, GameOn has secured white-label projects with several partners in sports and entertainment. Through our innovative gamification technologies and meta-layers, including the one-of-a-kind NFT integration, we bring fans closer to their favorite sports and entertainment content and increase engagement through community, competition and rewards.
GameOn has a dynamic and experienced management team led by its CEO, Matt Bailey (Brooklyn Nets, Barclays Center), Product Manager, Santiago jaramillo (Dapper Labs, NBA Top Shot, EA Sports) and Vice President of Partnerships, Ryan nowack (Madison Square Garden, New York Knicks, New York Rangers), as well as its directors, J Moses (Take-Two Interactive), Shafin Tejani (Place de la Victoire technologies), Liz schimel (Apple News) and Carey Dillen (Yoga).
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is generally identifiable by the use of the words “believes”, “could”, “plans”, “will”, “foresees”, “intends”, “could”, “could”, “estimates”. “,” Expects “,”, “” plans “and similar expressions, and the negative of such expressions. The forward-looking information contained in this press release includes statements regarding the listing of GameOn and the commencement of trading on the CSE.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company to differ materially from those expressed or implied by this forward-looking information. Forward-looking information is based on reasonable assumptions, estimates, analyzes and opinions of management in light of its experience and perception of trends, current conditions and expected developments, and other factors that management considers relevant and reasonable in the circumstances on the date on which these statements are made. Although the Company has attempted to identify important factors which could cause actual results to differ materially from those contained in the forward-looking information, other factors may cause results not to be as expected. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Therefore, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this document is qualified in its entirety by this cautionary statement, and GameOn disclaims any obligation to revise or update such forward-looking information or to publicly announce the result of any revision of any of the information. forward-looking statements contained herein. to reflect future results, events or developments, except as required by law.
Neither CSE nor its regulatory services provider (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this release.
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