ESE Signs Agreement with GP Metaverse, a Project Backed By IndyCar Driver And Former F1 Driver Romain Grosjean

VANCOUVER, BC, March 16, 2022 – ESE Entertainment Inc. (“ESE” or the “Company”) (TSXV: ESE) (OTCQB: ENTEF) is pleased to announce that it has signed a framework agreement with GP Metaverse (“GP Metaverse”), pursuant to which ESE will assist GP Metaverse with organizing simulation racing (“sim racing”) tournaments and events.

GP Metaverse is a collection of 10,000 unique race car NFTs (non-fungible tokens) – one-of-a-kind digital collectibles. The collection will be distributed in 4 drops on the leading NFT marketplace, OpenSea. GP Metaverse is based on the environmentally friendly blockchain Polygon, which, due to its Proof of Stake consensus mechanism, is estimated to be 84,810 times more energy efficient than Ethereum’s Proof of Work-based blockchain.[1] The first drop of race car NFTs is scheduled for March 19, 2022. GP Metaverse is supported by IndyCar driver and former F1 star, Romain Grosjean, who has become the project’s ambassador. GP Metaverse is also endorsed by Patrick Kluivert – famous Dutch football player who won the UEFA Champions League with Ajax Amsterdam and FC Barcelona.

GP Metaverse is a project that aims to create a space where all motorsports enthusiasts can meet and build a unique community. Members – NFT holders – will be able to participate in both virtual and real meetings and have access to exclusive content such as podcasts and professional analysis. GP Metaverse membership also brings benefits of GP Metaverse partners, and access to raffles and giveaways.

As a part of framework agreement with GP Metaverse, ESE becomes its partner in the areas related to the organization of gaming and esports events, in particular sim racing and digital motorsports, as well as esports and gaming marketing, including in cooperation with influencers. 

Michał Mango, Head of Strategy at ESE Europe, said: “Sim racing finally has its own marketplace in the NFT community. The GP Metaverse brings all new ways to strengthen the motorsports community and provide it with a variety of benefits. We can’t wait to start organizing esports and gaming events and tournaments for the GP Metaverse community.”

Marcin Zajac, co-Founder at GP Metaverse, commented: “We are excited about the project as motorsport and new technologies seem to be a perfect match that bring a lot of attention from both blockchain/NFT enthusiasts and racing lovers. The strong and positive feedback we get motivates us to bring new quality to NFTs. It’s great to partner with ESE – the market’s leader in digital motorsports”.

Romain Grosjean, IndyCar driver and former F1 driver, commented: “GP Metaverse is an exciting NFT project where autosport, gamification and collectables come together and cool that I have my own unique car NFT too.”

 

About GP Metaverse

GP Metaverse is a collection of unique race car NFTs. The idea behind the project is to build a strong community of petrolheads from all over the world and unite them in the Metaverse. GP Metaverse is based on the environmentally friendly blockchain, Polygon. | www.gp-metaverse.com

About ESE

ESE is a Europe based entertainment and technology company focused on gaming and esports. The Company provides a range of services to leading video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. ESE also operates its own ecommerce channels, esports teams, and gaming leagues. In addition to the Company’s organic growth opportunities, the Company is considering selective acquisitions that align with its objective of becoming a dominant global player in esports technology and infrastructure. | www.esegaming.com

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 ESE anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, statements with respect to: the Company’s ability to successfully enter to metaverse and NFT space; the success of ESE’s partnership with GP Metaverse; the timing of the launch of the GP Metaverse; the growth of the metaverse and Web3; and the expected benefits to ESE resulting from its partnership with GP Metaverse. 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 information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of ESE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to ESE, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of ESE should be considered highly speculative.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE ESE Entertainment Inc.

For further information about ESE, please contact:

Daniel Mogil, Investor Relations

investors@esegaming.com

647-492-1535

[1] https://analyticsindiamag.com/nfts-vs-the-environment-the-choice-is-no-longer-binary/

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