ESE, in Partnership With Bitcoin Vault, Announces Non-Fungible Tokens (NFTs) Release
ESE Entertainment has launched a series of non-fungible tokens (NFTs) through a partnership with Bitcoin Vault (BTCV) for the esports talent show, SkillzVault by Bitcoin Vault. The initial NFT set, featuring a character from South Korea, sold out on August 13, 2021, within hours. Further NFT releases are planned for tournaments in China, Japan, Vietnam, and Brazil. ESE is responsible for the production and marketing of this global tournament, which includes participants from five countries. The final is scheduled for November 21, 2021.
- First NFT launch related to esports with rapid sell-out within hours.
- Plans for continued NFT releases for other countries enhance future revenue opportunities.
- ESE’s collaboration with BTCV positions it strategically in the growing NFT market.
- Dependence on the success of upcoming NFT launches to maintain interest and revenue.
- Market volatility in NFTs could affect future sales and profitability.
VANCOUVER, British Columbia, Aug. 23, 2021 (GLOBE NEWSWIRE) -- ESE Entertainment Inc. (“we”, “ESE”, or the “Company”) (TSXV: ESE) (OTCQB: ENTEF) is pleased to announce that, in partnership with Bitcoin Vault (“BTCV”), it has launched the first set of non-fungible tokens (“NFT”) promoting the previously announced esports talent show, SkillzVault by Bitcoin Vault, which is being developed by ESE in partnership with BTCV.
An NFT is a digital asset that can be used to represent objects like art, music, and videos, and which is stored on the blockchain. NFTs are bought and sold online, and are becoming an increasingly popular way to buy and sell digital artwork because of the ability of blockchain technology to assure ownership.
This first set of NFTs launched in connection with SkillzVault by Bitcoin Vault included images of the character that represents South Korea in the tournament, which is the first country in which the tournament was launched. The 4 NFTs were made available on August 13th on the NFT marketplace AirNFTs, and sold out in just hours.
ESE and BTCV plan to release a set of NFTs for each of the 4 remaining countries in which SkillzVault by Bitcoin Vault will take place – China, Japan, Vietnam, and Brazil. SkillzVault by Bitcoin Vault is one of the first global esports tournaments with its own NFT collectibles. If the launch of the remaining SkillzVault NFTs continue to be successful, ESE will look into integrating NFTs in its other endeavors in the future.
SkillzVault by Bitcoin Vault is a global tournament in which participants from 5 countries – China, Japan, South Korea, Vietnam and Brazil – compete in the mobile games, PlayerUnknown's Battlegrounds (PUBG) and Peacekeeper Elite, to get the opportunity to compete in the finals alongside star gaming influencers from each of the participating countries. ESE is responsible for the production and infrastructure of the show, including the development of the project concept, media plan, technology implementation, marketing, and overall campaign roll-out. SkillzVault by Bitcoin Vault launched on August 2, 2021 in South Korea, and the Japan edition will follow on August 23, 2021. The project will conclude with a final in Brazil on November 21, 2021.
“We are still in the experiment phase with NFTs. The market has seen incredible growth in the past year, so we decided to release a series of NFTs together with ESE to create collectibles related to this unique event. This is just the first step, and more will come in the coming weeks while we advance into SkillzVault,” says Radek Popiel, Chief Communications Officer at Bitcoin Vault.
“We had been internally conducting research and development around NFTs, and thanks to the cooperation with Electric Vault we’ve turned this concept into reality. We are thrilled to have taken our first step into the NFT space and capitalize on this opportunity,” states Michał Mango, ESE Head of Strategy.
About Bitcoin Vault
Bitcoin Vault (BTCV) is the main sponsor of the SkillzVault series of tournaments. BTCV is a cryptocurrency designed to provide extra level of security based on a 3-Key Security Solution allowing reversible transactions without compromising blockchain immutability. It features all the convenience of Bitcoin while adding important features, providing users with transparency and freedom. www.btcv.com
About ESE Entertainment Inc.
ESE is a Europe based entertainment and technology company focused on esports and gaming. ESE’s assets consist of multiple world-class operators in the gaming and esports industries. The Company’s capabilities include but are not limited to: physical infrastructure, broadcasting, global distribution for gaming and esports-related content, advertising, sponsorship support, and a growing esports team franchise, K1CK Esports. ESE is focused on bridging the gap between the European, Asian and North American esports industries. | www.ese.gg
Forward-Looking Statements
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that ESE anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, comments with respect to: the success of ESE’s partnership with Bitcoin Vault or the SkillzVault tournaments; (ii) the release of the remaining SkillzVault NFTs, and the timing thereof; (iii) the likelihood of the remaining SkillzVault NFTs selling as quickly as the first set, or at all; and (iv) ESE’s plans to utilize NFTs in connection with other endeavors in the future. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of ESE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to ESE, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of ESE should be considered highly speculative.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE ESE Entertainment Inc.
For further information about ESE, please contact:
Daniel Mogil, Investor Relations
investors@esegaming.com
647-492-1535
FAQ
What is the significance of ESE's NFT launch on August 13, 2021?
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