Enthusiast Gaming Announces Strategic Web3 Collaboration with Coinbase
September 08 2022 - 7:00AM
Enthusiast Gaming Holdings Inc. (“Enthusiast
Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), an integrated
gaming entertainment company, today announced a collaboration with
Coinbase Global Inc. (“Coinbase”) (NASDAQ:COIN), one of the world’s
largest cryptocurrency platforms and a trusted leader in the Web3
space. The announcement introduces Coinbase as the preferred
infrastructure provider to power Enthusiast Gaming’s portfolio of
Web3-enabled games. Coinbase will provide developer tools,
educational content, and community-building support to power
Enthusiast Gaming’s portfolio of Web3-enabled games.
Coinbase is uniquely positioned to empower
Enthusiast Gaming’s goal of creating memorable gaming experiences
and capturing the next wave of Web3 users globally. The Coinbase
Cloud developer platform offers solutions required by novice and
experienced developers alike - such as crypto wallets, blockchain
nodes, and fiat-to-crypto payment rails.
“Coinbase is the perfect technology partner and
is an expert at onboarding users to a Web3 experience,”
said Bill Karamouzis, President of Enthusiast Gaming.
“I am excited to see the potential value-enhancing
features for our users that our work with Coinbase can bring. Among
these value-enhancing features is the already integrated Coinbase
Wallet. This self-custody wallet option allows users to easily
send, receive, and manage the cryptocurrency they earn from
EV.IO.”
The partnership centers around Enthusiast
Gaming’s EV.IO, a novel, browser-based, first-person shooter game
(FPS), that allows users to earn cryptocurrency as rewards for
in-game achievements. “We’re honored to have been selected by
Enthusiast Gaming to power its growing portfolio of games with
scalable blockchain infrastructure,” said Dan Kim, Vice
President of Business Development at Coinbase. “Partnering
with industry experts on game-changing titles like EV.IO is how
we’ll help onboard the next 100 million users into Web3 in the
safest and most seamless way possible.”About Enthusiast
Gaming
Enthusiast Gaming is an integrated gaming
entertainment company, building the largest media and content
platform for video game and esports fans to connect and engage
worldwide. Combining the elements of its four core pillars:
Communities, Content, Creators, and Experiences, Enthusiast Gaming
provides a unique opportunity and integrated approach to reach and
connect with its coveted GenZ and Millennial audience. Through its
proprietary mix of digital media and entertainment assets,
Enthusiast Gaming has built a vast network of like-minded
communities to deliver the ultimate fan experience.
Contacts
Enthusiast Gaming Investor Relations:Eric Bernofsky, Chief
Corporate Officerinvestor@enthusiastgaming.com
Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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 Enthusiast Gaming
anticipates or expects may or will occur in the future (in whole or
in part) should be considered forward-looking information. 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 statements in this news release include, but are
not limited to, planned partnership activities and enhancements to
the functionality of game titles published by Enthusiast Gaming,
and the growth of the Web3 userbase.
Forward-looking statements are based on
assumptions and analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, including, but not
limited to, expectations and assumptions concerning: interest and
foreign exchange rates; capital efficiencies, cost saving and
synergies; growth and growth rates; the success in the esports and
gaming media industry; the Company’s growth plan, and judgment
applied in the application of the Company’s accounting policies and
in the preparation of financial statements in accordance with
applicable financial reporting standards. While Enthusiast Gaming
considers these assumptions to be reasonable, based on information
currently available, 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, without limitation,
risks associated with general economic conditions; adverse industry
events; and future legislative, tax and regulatory developments.
Readers are cautioned that the foregoing list is not exhaustive.
For more information on the risks, uncertainties and assumptions
that could cause anticipated opportunities and actual results to
differ materially, please refer to the public filings of Enthusiast
Gaming which are available on SEDAR at www.sedar.com. Readers are
further cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions
or expectations upon which they are placed will occur. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement and reflect our expectations as of the
date hereof, and thus are subject to change thereafter. Enthusiast
Gaming 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
applicable law.
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