Calgary, Alberta – On June 8, 2023, VIP Entertainment Technologies Inc. (TSXV: VIP) (“VIP” or the “Company”) has established an Advisory Board to define and execute its future strategy I am very happy to announce that Free-to-play and cash-based game activity on the Metaverse. The Advisory Board will be led by Stefan Kovach and Adam de Cata, two of his leading experts in the Web3 and Metaverse industry. VIP asked Stephan, who has a lot of gambling experience, to write a report detailing the company’s metaverse strategy in consultation with Adam and others, including VIP’s technical team. The report he expects to be completed by the end of July, and implementation of future plans to begin shortly thereafter. Based on the information currently available, VIP expects to roll out the first Metaverse casino by the fourth quarter of 2023.
VIP Director Bob Runde said: “For VIP, to be able to work with two such seasoned professionals and Metaverse experts in strategy development and execution is a tremendous opportunity. Over the years, we have returned to rational and sensible opportunity cost assessments and believe it is the right time for VIP to enter this space. We believe that the Metaverse and Web3 are the next evolution of the web and that only a fraction of the booming I gaming market over the past 15 years will migrate to these technologies. We believe that this market will become important just by doing so.”
Our network of advisory boards and access to global A-list IP enables VIP to create a unique and exciting environment for our customers and prospective customers, creating a meaningful differentiation from our competitors.
Stephan Kovacs said: We share their vision of exploring new horizons in the Metaverse and would love to help bring their ideas to life. Being at the forefront of Web3 and Metaverse technologies offers the opportunity to revolutionize the gambling experience, making it more fun, challenging, and holding the next generation of players accountable. ”
About Stefan Kovach
Stefan is the founder of RarerThings, a strategic Web3 advisory service working with high-profile clients in the sports, entertainment and luxury industries. He has acted as an advisor to many tennis industry players, including the ATP, WTA, Australian Open and global tennis stars, as well as working with traditional and native fashion and gaming brands. He started working on decentralized technology in 2017, when he became CEO of the first-generation Ethereum dapp.
Prior to working at Web3, Stefan worked on Virgin Atlantic’s first e-commerce strategy and worked on internet-based businesses since the late 90s as part of the team that launched Opodo, an online travel agency backed by nine European airlines. assisted in the creation and expansion of And he’s a senior executive at PokerStars, the world’s largest online poker room.
He is passionate about new technologies and supporting startups as an early-stage angel investor and regularly speaks on business models and use cases for NFTs, Metaverses, Tokenomics and Play-to-Ear.
About Adam de Cata
Adam is a recognized leader in enabling blockchain, NFTs and the Metaverse, specializing in building digital and virtual world experiences for brands and artists. He is the founder of award-winning studio Run It Wild, a multidisciplinary blockchain, metaverse and NFT development studio specializing in art, collectibles and games.Diverse portfolio including blue-chip brands such as the Australian Open [recent recipient of a Bronze Lion award at Cannes Festival]the link tree [$1B unicorn evaluation] and Elvis Presley [exclusive web3 IP licensee]USGA, World Table Tennis, and creators such as Kelly Wearstler [2M followers]Alex Troschuto [award winning artist] and David McLeod [award winning artist]Run It Wild found a product market fit in partnering with brands to navigate the possibilities of Web 3.0. With a strong background in licensing and brand management, he spent his early career managing iconic brands such as Warner Bros. Batman and Harry Potter. Adam is keenly aware of the very real challenges and vast opportunities that Web 3.0 presents.
He previously consulted as Head of Partnerships for Decentraland, the world’s first fully decentralized 3D virtual reality platform built on the Ethereum blockchain. In this capacity, Adam led the creation and execution of the end-to-end Metaverse strategy, from conception to commercialization. Combining brand management and Metaverse expertise, Adam has earned a front row seat for every brand/IP involved in his play in the Metaverse, and has an impressive array of iconic brands in Decentraland, including Sotheby’s, Coca. We’ve grown our roster. Coke and Samsung to name a few.
For more information, please visit www.vipentertaingroup.com or contact us at:
VIP Entertainment Technologies Inc.
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This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than historical facts, that anticipate activities, events, results, outcomes, developments, achievements or achievements that may or will occur in the future (in whole or in part) by VIP should be considered forward-looking. information. Often, but not always, information about forward-looking variations of words or phrases (including negative variations), or utterances formed in the future tense, or statements that a particular action, event, or outcome “might,” “might,” or “would.” what it shows. “”, “may” or “will” (or other variations of the foregoing) are taken, occur, achieved or realized.
Forward-looking statements are based on assumptions, including expectations and assumptions regarding Metaverse, Web3 and our growth plans. VIP believes these assumptions are reasonable, but based on currently available information, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, but not limited to, risks related to general economic conditions. An adverse event for the industry. future legal, tax and regulatory developments; Readers are cautioned that the foregoing list is not exhaustive and other risks described in public disclosures recorded and filed under company profile on www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that our plans, intentions or expectations based on such statements will be realized. Such information, although believed to be reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. . Please refer to VIP Entertainment Technologies’ public materials available on SEDAR (www.sedar.com) for a detailed description of the risks, uncertainties and assumptions that could cause actual results to differ materially from anticipated opportunities. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement, reflect our expectations as of the date of their announcement, and are subject to change thereafter. VIP Entertainment Technologies Inc disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.