VANCOUVER, BC, Nov. 28, 2023 /PRNewswire/ -- GameOn (CSE: GET) (OTCQB: GMETF), a next generation fantasy sports platform partnered with the world's best sports leagues to launch, operate, and monetize web3 games, today announces grant funding from The Arbitrum Foundation. The deal will see GameOn launch upcoming major league partnerships on the Arbitrum One network, including LALIGA and PFL.
Arbitrum is the leading Layer 2 (L2) scaling solution for Ethereum, boasting the highest Total Value Locked (TVL) across all L2 networks with approximately $7.54 billion or 54% market share. Arbitrum recently surpassedEthereum daily transactions on two occasions.
"Today's news is strong backing from yet another industry leader," said Matt Bailey, CEO at GameOn. "We're surrounded and lifted by world class partners, giving GameOn the firepower to sign leagues, launch games, and fuel growth rapidly."
The Arbitrum Foundation has a mission to support and grow the Arbitrum network and its community while remaining at the forefront of blockchain adoption. Separate from the Foundation 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 provide support to GameOn as they continue to leverage sports to lead mass adoption in web3," said Nina Rong, Head of Ecosystem Development at 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 Bailey, Director & Chief Executive Officer
GameOn Entertainment Technologies Inc.
matt@gameon.app
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. Learn more about our PLAYN3XT platform.
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SOURCE GameOn Entertainment Technologies Inc.
