The Arbitrum Foundation announced today that GameOn (CSE: GET) (OTCQB: GMETF), a company that develops, operates, and monetizes web3 fantasy sports games in partnership with the world's best sports leagues, has been granted funding from the foundation. As a result of this agreement, GameOn will be able to launch upcoming major league partnerships on Arbitrum One's network, including the LALIGA and PFL.
There is no doubt that Arbitrum is one of the leading Layer 2 (L2) scaling solutions for Ethereum. It has the highest Total Value Locked (TVL) across all L2 networks, estimating $7.54 billion or 54% market share. Arbitrum recently overtook Ethereum on two occasions in terms of daily transactions.
GameOn CEO Matt Bailey said, "Today's news is yet another endorsement from a leading industry figure, further emphasizing our position as a world-class company. We are surrounded and supported by world-class partners, which gives GameOn the firepower to sign leagues, launch games, and fuel rapid growth in the industry."
The Arbitrum Foundation has a mission to support and grow the Arbitrum network and its community while remaining at the forefront of blockchain adoption. Additionally to the Foundation grant program, Arbitrum DAO (the token holders governing the blockchain) launches large-scale grant initiatives on a regular basis, such as the 50 million ARB token incentive program that recently took place. It is our intention that GameOn will participate in such initiatives in the future.
We are glad to provide support to GameOn as they continue to leverage sports to lead mass adoption in web3, as Nina Rong, Head of Ecosystem Development at Arbitrum Foundation, stated. As a result of our grant, GameOn will be able to push the boundaries of web3 fantasy sports by developing new products and services.
Matt Bailey, Director and Chief Executive OfficerGameOn Entertainment Technologies Inc. [email protected] on behalf of the Board of Directors.
GameOn (CSE: GET) (OTCQB: GMETF) is one of the world's leading game development companies, partnering with a variety of leading brands in sports, media, and entertainment to launch brand-building and money-making next-generation games.. Engaging, retaining, and monetizing audiences is what we do. We turn fans into superfans. Our platform is built by an experienced group of gaming, sports, and web3 veterans with experience at Take-Two Interactive, Twitch, EA, Dapper Labs, and the Brooklyn Nets. This enables our platform to run at scale with millions of users, gameplays, and revenue streams.. NBCUniversal, Bravo, LALIGA, PFL, Karate Combat, the WNBA, Times Internet, DICK'S Sporting Goods, and the Gaming Society have partnered with GameOn in the past.. Take a look at our PLAYN3XT platform to learn more about it
Take a look at our PLAYN3XT platform to learn more about it
It should be noted that this press release includes "forward-looking information" and "forward-looking statements" (collectively referred to as "forward-looking information" within the meaning of applicable securities laws).. It is generally easy to identify forward-looking information by using words such as "believes," "may," "plans," "will," "anticipates," "intends," "could," "estimates," "expects," "forecasts," "projects," and similar expressions, as well as the negative of these words.. It is important to note that all statements contained in this release, other than statements of historical fact, are forward-looking statements.. In this news release, forward-looking information may include, without limitation, statements regarding the future plans and objectives of the Company, the execution of business strategy, future performance, future growth, future business prospects, synergies and opportunities for the Company and its subsidiaries, as well as other factors outside of the Company's control.
In this news release, forward-looking information may include, without limitation, statements regarding the future plans and objectives of the Company, the execution of business strategy, future performance, future growth, future business prospects, synergies and opportunities for the Company and its subsidiaries, as well as other factors outside of the Company's control.
There are many risks, uncertainties, and other factors that can cause a company's actual results, level of activity, performance or achievements to differ materially from what is expressed or implied in such forward-looking information, including known and unknown risks, uncertainties and other factors.. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made, including, but not limited to the Company being able to capitalize on the acquired assets, the ability of acquired assets to maintain its value as presently contemplated, the synergies of the acquired assets with the Company's operations, and such other assumptions presented in the Company's disclosure record. Despite the Company's efforts to identify important factors which might cause actual results to differ materially from those projected in forward-looking information, there may be other factors that may cause actual results to differ from those projected in forward-looking information.. Despite the fact that such information can be relied upon, it cannot be guaranteed that it will prove to be accurate, since actual results and future events may differ materially from those anticipated in such information. This means that readers should not place undue reliance on forward-looking information as a result. It is important to note that all forward-looking information in this document is conditioned in its entirety by this cautionary statement, and GameOn does not accept any responsibility for revising or updating any such forward-looking information or to notify the public of any revisions to any of the forward-looking information contained herein in order to reflect future results, events or developments, except as required by law.
It is important to note that all forward-looking information in this document is conditioned in its entirety by this cautionary statement, and GameOn does not accept any responsibility for revising or updating any such forward-looking information or to notify the public of any revisions to any of the forward-looking information contained herein in order to reflect future results, events or developments, except as required by law.
This press release is neither sponsored nor endorsed by the CSE nor its Regulation Services Provider (as defined in the policies of the CSE) and neither the CSE nor its Regulation Services Provider accepts any responsibility for its adequacy or accuracy.
The source of the information is GameOn Entertainment Technologies Inc.
There is a fantasy sports platform known as GameOn, Inc. (CSE: GET) (OTCQB: GMETF) which is partnering with some of the world's best sports leagues to launch, operate, and provide fantasy sports services to...
As one of the world's leading fantasy sports platforms, GameOn (CSE: GET) (OTCQB: GMETF) has partnered with some of the world's greatest leagues to launch, operate, and manage virtual...
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