VANCOUVER, BC, November 28, 2023 /PRNewswire/ — Game enabled (CSE: GET) (OTCQB: GMETF), a next-generation fantasy sports platform partnering with the world’s top sports leagues to launch, operate and monetize Web3 games, today announced a grant from the Arbitrum Foundation. The deal will see GameOn launch upcoming partnerships with major leagues on the Arbitrum One network, including THE LEAGUE And PFL.
Arbitrum is the leading Layer 2 (L2) scaling solution for Ethereumboasting the highest total value locked (TVL) across all L2 networks with approx. $7.54 billion i.e. 54% market share. Recent arbitration exceeds Ethereum daily transactions twice.
“Today’s news has overwhelming support from another industry leader,” said Matt Bailey, CEO of GameOn. “We are surrounded and supported by world-class partners, giving GameOn the firepower to sign leagues, launch games and fuel rapid growth.”
The Arbitrum Foundation’s mission is to support and grow the Arbitrum network and its community while remaining at the forefront of blockchain adoption. Separate from the Foundation’s grant program, Arbitrum DAO (the token holders governing the blockchain) periodically launches large-scale grant initiatives such as the recent short term incentive program of 50 million ARB tokens. GameOn intends to participate in such initiatives.
“We are happy to support GameOn as they continue to leverage sports to drive mass adoption of Web3,” said Nina Rong, Head of Ecosystem Development at the Arbitrum Foundation. “We look forward to seeing GameOn’s next innovations, leveraging our grant to push the boundaries of web3 fantasy sports.”
On behalf of the board of directors:
Matt Baileydirector and CEO
GameOn Entertainment Technologies Inc.
Game enabled (CSE: GET) (OTCQB: GMETF) partners with the world’s best IPs across sports, media and entertainment to launch next-generation games that build brand strength and make money. 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 Brooklyn Nets, our platform runs at scale with millions of users, gameplays and income. GameOn has partnered with NBCUniversal, Bravo, LALIGA, PFL, Karate Combat, the WNBA, Times Internet, DICK’S Sporting Goods and Gaming Society. Learn more about our PLAYN3XT Platform.
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SOURCE GameOn Entertainment Technologies Inc.