Alpha Esports Tech Combining Metaverse and Real World for Unique User Experiences

Rhea-AI Summary

Alpha Esports Tech announced that its subsidiary Paradise City Gaming is developing AR-based experiences to enhance engagement in the Metaverse. Utilizing Niantic’s Lightship toolkit, similar to that of Pokémon Go, these experiences will encourage users to complete real-world challenges and earn NFT rewards and Alpha Coins. With the Metaverse being dubbed the 'next internet', the company aims to integrate mobile gaming and esports, positioning itself within this growing landscape.

Positive

• Development of AR-based experiences signals innovation in the competitive Metaverse space.
• Utilization of proven technology (Niantic’s Lightship) acknowledged for success with Pokémon Go.
• Engagement and monetization strategies that could increase user interaction and revenue.

Negative

• None.

Alpha Esports Tech subsidiary Paradise City Gaming to develop AR based experiences to increase foothold within the Metaverse

VANCOUVER, British Columbia, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Alpha Esports Tech Inc. (CSE: ALPA) (FSE:(9HN), (OTC PINK: APETF) (“Alpha” or the “Company”), a technology company that focuses on emerging markets in esports, mobile gaming, commerce, blockchain, and high growth opportunities, is proud to announce Alpha’s subsidiary Paradise City Gaming  (“Paradise City”) has begun the development of its Metaverse technologies, which are AR based experiences that will bring the virtual world together with the physical world.

Using Niantic’s software toolkit, Lightship, the same technology that was used to develop Pokémon Go, Paradise City will start developing experiences encouraging users to participate in real world challenges with the opportunity to earn NFT rewards and Alpha Coins, Alpha’s utility crypto token. Pokémon Go is one of the highest downloaded apps with over 100 million downloads on the App Store and the Google Play Store.

The Metaverse, also regarded as the “next internet” combines VR and AR technology that can allow users to be inside a digital universe. The Metaverse has unlimited opportunities for users from gaming, to shopping, to work, to relaxing with friends and family. Microsoft and Facebook have already announced plans to launch into the Metaverse. 

“Alpha has always been a pioneer of new technologies and we continue to show our commitment by integrating the Metaverse within our business model.,” said interim CEO of Alpha, Matthew Schmidt. “We believe esports and mobile gaming will be one of the first integrations into the Metaverse and it is important to stay ahead of the competition. Paradise City will continue to work on Metaverse technologies and integrations within the Alpha ecosystem, including products which drive user engagement and monetization for the Company.“

About Alpha Esports Tech Inc.

Alpha Esports Tech Inc. is a technology company that focuses on emerging industries in esports, mobile gaming, ecommerce and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Esports Tech brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphatech.inc

Contact:
Investor Relations: ir@alphatech.inc - 604 359 1256
Media and Public Relations: media@alphatech.inc

On Behalf of The Board of Directors
Jonathan Anastas
Chairman and Director

Forward Looking Statement
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company’s business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.

The CSE has not reviewed, approved or disapproved the content of this press release

FAQ

What is Alpha Esports Tech's new project in the Metaverse?

Alpha Esports Tech's subsidiary, Paradise City Gaming, is developing AR-based experiences to enhance user engagement in the Metaverse.

How will Paradise City Gaming use Niantic’s Lightship technology?

Paradise City Gaming will use Niantic’s Lightship technology to create real-world challenges that reward users with NFTs and Alpha Coins.

What opportunities does the Metaverse present for Alpha Esports Tech?

The Metaverse offers unlimited opportunities for gaming, shopping, and social interaction, which Alpha aims to integrate with its existing platforms.

What position does Alpha Esports Tech hold in the esports and gaming industry?

Alpha Esports Tech is positioning itself as a pioneer in integrating esports and mobile gaming technologies within the emerging Metaverse.

What impact could AR-based experiences have on Alpha Esports Tech's business?

AR-based experiences could significantly boost user engagement, retention, and potential revenue streams for Alpha Esports Tech.