VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) – Victory Square Technologies Inc. (âVictory Squareâ or the âCompanyâ) (CSE: VST) (OTC: VSQTF) (FWB: 6F6) provides investors with access to a diverse portfolio of next-generation tech companies in key industries including: the designer economy, digital health, games, web 3.0, virtual and augmented reality, and technology green, is pleased to announce that its holding company GameOn Entertainment Technologies Inc. (âGameOnâ) (CSE: GET) (OTCQB: GMETF) (FSE: 9E7) has signed a partnership agreement 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 deal guarantees GameOn $ 120,000 in revenue with an expected gross profit 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.
âThe 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, âsaid Matt Bailey, CEO of GameOn. âThe partnership with Chibi Dinos introduces a whole new category of customers for GameOn beyond rights holders in 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 NFT of different chibis, a Japanese slang word that describes something short, often a specific type of caricature where the characters are drawn in an exaggerated way. The 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 captains of team.
The Chibi Dinos sold out in 18 minutes on mint day August 20, 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 sports manager at Dapper Labs (NBA Top Shot), allows fans of GameOn’s partner rights holders to build their collection by acquiring NFTs – images, video or audio – either by purchasing via 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.
GameOn has a dynamic and experienced management team led by its CEO, Matt Bailey (Brooklyn Nets, Barclays Center), Chief Product Officer, Santiago Jaramillo (Dapper Labs, NBA Top Shot, EA Sports) and VP 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 (Victory Square Technologies), Liz Schimel (Apple News) and Carey Dillen (Yoga). GameOn began trading on the Canadian Securities Exchange (CSE) under the symbol “GET” on June 1, 2021.
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On behalf of the board,
Shafin Diamond Tejani
Chief Executive Officer
Victory Square Technologies
For more information about the Company, please contact:
Investor Relations Contact – Edge Communications Group
Email: [email protected]
Telephone: 604 283-9166
Media Relations Contact – Howard Blank, Director
Email: [email protected]
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.
ABOUT VICTORY SQUARE TECHNOLOGIES INC.
Victory Square (VST) builds, acquires and invests in promising startups, then provides the leadership and resources necessary to accelerate growth. The result: rapid scale and monetization, with a strong track record.
The strong point of VST is the cutting edge technology that shapes the 4th industrial revolution. Our portfolio consists of over 20 global companies using AI, VR / AR, and blockchain to disrupt industries as diverse as fintech, insurance, healthcare, and gaming.
What we do differently for startups
VST is not just another investor. With real skin in the game, we are committed to ensuring the success of every business in our portfolio. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We match you with seasoned talent in product, engineering, customer acquisition and more. Then we let you do what you do best: build, innovate and disrupt. In 24-36 months, you’ll scale and be ready to monetize.
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the prospects for the business of Victory Square, including, without limitation, statements relating to GameOn and its business, execution of business strategy, to future performance and in the future. growth, business prospects and opportunities of Victory Square and its related holding company, including GameOn, and other factors beyond our control. These forward-looking statements may, without limitation, be preceded, followed or include words such as “believes”, “expects”, “plans”, “believes”, “intends”, “plans” “,” Continue “,” project “,” potential “,” possible “,” contemplate “,” seek “,” objective “or similar expressions, or can use future or conditional verbs such as” can “,” could “,” Will “,” “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, wording or context. All statements other than statements of historical fact contained in this press release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square, including, but not limited to, GameOn’s ability to execute its strategy of planned development and growth e, GameOn’s ability to maintain its business as currently envisioned, GameOn’s ability to continue to retain service providers and customers, GameOn’s ability to provide services in accordance with applicable laws and regulations, GameOn’s activities and future activities, and any other assumptions presented in the Company’s disclosure file. Although Victory Square believes that the expectations and assumptions on which this forward-looking information is based are reasonable, they should not be relied on unduly as Victory Square cannot guarantee that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this press release are made as of the date of this press release. Victory Square disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release and accepts no responsibility for the adequacy or accuracy of this press release.