06:02:00 EDT Sun 05 May 2024
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GameOn Entertainment Technologies Inc
Symbol GET
Shares Issued 68,179,203
Close 2024-01-31 C$ 0.165
Market Cap C$ 11,249,568
Recent Sedar Documents

GameOn Entertainment to receive grant from Sportsology

2024-02-01 10:32 ET - News Release

Mr. Matt Bailey reports

GAMEON RECEIVES $GAME GRANT FROM SPORTSOLOGY FOR PLATFORM INTEGRATION

GameOn Entertainment Technologies Inc. will receive grant financing from Sportsology.

The grant will see GameOn receive 59 million $Game tokens. In return, GameOn will integrate the $Game platform into upcoming major league projects to provide unified experiences and rewards across its ecosystem, including GameOn Laliga and GameOn PFL. $Game, which GameOn is developing in partnership with Sportsology, is designed to drive fan engagement and revenue growth for game developers and sports leagues worldwide.

GameOn Laliga recently launched on social media, amassing more than 200,000 video views and a community of over 80,000 across X, Discord, e-mail and wait-list in less than two weeks. GameOn Laliga's first mint is scheduled for February, with an exact date and time to be announced.

GameOn also recently announced a grant from Arbitrum, the leading Layer 2 (L2) scaling solution for ethereum, with a market cap of more than $2-billion. $Game is planned to launch on Arbitrum in Q2, off the back of a string of successful game token launches like XAI.

This news is following the finalized software development and support agreement between the parties, which drives $2.3-million from development fees and $1.4-million in annual recurring revenue, with a total expected value of $9.3-million over five years.

"$Game is a natural fit for our ecosystem of next-gen fantasy games, launched with the best sports leagues in the world," said Matt Bailey, chief executive officer at GameOn. "This partnership puts the very first supply of $Game in the hands of GameOn and soon masses of sports fans."

To hear more, join GameOn CEO Mr. Bailey for live commentary and question-and-answer on GameOn's shareholder Telegram channel today at 2:30 p.m. ET/11:30 a.m. PT.

GameOn partner Laliga is the world's most-followed soccer league on social media, with a global community of over 200 million fans, while Professional Fighters League is the No. 1 mixed martial arts company in the world, having recently acquired Bellator and signed superstars Jake Paul and Francis Ngannu.

About GameOn Entertainment Technologies Inc.

GameOn partners with the world's best sports, media and entertainment intellectual properties to launch brand-building, money-making next-generation games. It turns fans into superfans -- engaging, retaining and monetizing audiences. With a diverse team of gaming, sports and Web3 veterans with experience at Take-Two Interactive, Twitch, EA, Dapper Labs and the Brooklyn Nets, GameOn's platform is executed at scale with millions of users, gameplays and revenue. GameOn has partnered with NBCUniversal, Bravo, Laliga, PFL, Karate Combat, the WNBA, Times Internet, Dick's Sporting Goods and Gaming Society.

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