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Champion Gaming Group (TSXV:WAGR) announces plan to explore opportunities in the Metaverse

Media, Technology
TSXV:WAGR
14 March 2022 08:45 (EDT)

Source: Champion Gaming Group Inc.

Champion Gaming Group (WAGR) has engaged Long Lost Friends to assist in developing its metaverse and NFT strategy.

The company has been identifying actionable opportunities in the metaverse, NFT and crypto space for itself and its two principal brands, Football Outsiders and EdjSports.

Long Lost Friends is bringing its expertise and creativity in order to further accelerate the company’s efforts around its Web3 strategy, including building the roadmap and strategic materials necessary to execute on these selected opportunities.

“We expect that, in the very near future, every person will have a parallel digital identity – avatars, crypto wallets, digital goods will be the norm,” said Ken Hershman, Co-founder and CEO of Champion Gaming.

“By combining our company’s industry-leading sports wagering-focused content, data and analytics with this new and limitless virtual world, we will empower our customers to harness next generation strategies, tools and technologies to inhabit virtual worlds for all of their sports wagering and fantasy sports activities. Partnering with Long Lost Friends meets our strategic goal of entering the metaverse by leveraging the expertise of a team that has been a pioneer in the Web3 space and has already demonstrated tremendous success curating and advising on offerings for other leading brands, including Superplastic, StockX and Ambush. Our first step is to work with Long Lost Friends to identify actionable opportunities and build a roadmap to execute on that plan.”

The metaverse is a combination of multiple elements of technology, including virtual reality, augmented reality and video where users ‘live’ within a digital universe; it also may contain elements or be integrated with blockchain technology. An NFT is a blockchain-based digital asset that represents real-world objects like art, music, in-game unlockables and videos. They are bought and sold online, frequently with cryptocurrency.

Champion Gaming is a sports content, data and analytics company that provides predictive and prescriptive analytical models and win probability applications and statistics in the sports industry for teams, media, fans, and bettors.

Champion Gaming Group Inc. (WAGR) opened trading at C$0.28 per share.

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