GameOn Receives $GAME Grant From Sportsology for Platform Integration
VANCOUVER, BC, Feb. 1, 2024 /CNW/ -- GameOn (CSE: GET) (OTCQB: GMETF), a next generation fantasy sports company partnered with the world's best sports leagues to launch, operate, and monetize web3 games, today announces grant funding from Sportsology.
The grant will see GameOn receive 59,000,000 $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, email, and waitlist 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 $2b. $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 $2.3m from development fees and $1.4m in annual recurring revenue, with a total expected value of $9.3m over five years.
"$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, CEO 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 Matt Bailey for live commentary and Q&A on GameOn's shareholder Telegram channel today at 2:30 PM ET / 11:30 AM 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 PFL is the number two MMA company in the world, having recently acquired Bellator and signed superstars Jake Paul and Francis Ngannu.
On Behalf of the Board of Directors:
Matt Bailey, Director & Chief Executive Officer
GameOn Entertainment Technologies Inc.
[email protected]
About GameOn
GameOn (CSE: GET) (OTCQB: GMETF) partners with the world's best sports, media, and entertainment IPs to launch brand-building, money-making next-gen games. We turn 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, our 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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SOURCE GameOn Entertainment Technologies Inc.
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