VANCOUVER – ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) reported that, in partnership with Bitcoin Vault, it has launched the first set of non-fungible tokens promoting the previously announced esports talent show, SkillzVault by Bitcoin Vault, which is being developed by ESE in partnership with BTCV.
An NFT is a digital asset that can be used to represent objects like art, music, and videos, and which is stored on the blockchain. NFTs are bought and sold online, and are becoming an increasingly popular way to buy and sell digital artwork because of the ability of blockchain technology to assure ownership.
This first set of NFTs launched in connection with SkillzVault by Bitcoin Vault included images of the character that represents South Korea in the tournament, which is the first country in which the tournament was launched. The 4 NFTs were made available on August 13th on the NFT marketplace AirNFTs, and sold out in just hours.
ESE and BTCV plan to release a set of NFTs for each of the 4 remaining countries in which SkillzVault by Bitcoin Vault will take place – China, Japan, Vietnam, and Brazil. SkillzVault by Bitcoin Vault is one of the first global esports tournaments with its own NFT collectibles. If the launch of the remaining SkillzVault NFTs continue to be successful, ESE will look into integrating NFTs in its other endeavors in the future.
SkillzVault by Bitcoin Vault is a global tournament in which participants from 5 countries – China, Japan, South Korea, Vietnam and Brazil – compete in the mobile games, PlayerUnknown’s Battlegrounds (PUBG) and Peacekeeper Elite, to get the opportunity to compete in the finals alongside star gaming influencers from each of the participating countries. ESE is responsible for the production and infrastructure of the show, including the development of the project concept, media plan, technology implementation, marketing, and overall campaign roll-out. SkillzVault by Bitcoin Vault launched on August 2, 2021 in South Korea, and the Japan edition will follow on August 23, 2021. The project will conclude with a final in Brazil on November 21, 2021.
“We are still in the experiment phase with NFTs. The market has seen incredible growth in the past year, so we decided to release a series of NFTs together with ESE to create collectibles related to this unique event. This is just the first step, and more will come in the coming weeks while we advance into SkillzVault,” says Radek Popiel, Chief Communications Officer at Bitcoin Vault.
“We had been internally conducting research and development around NFTs, and thanks to the cooperation with Electric Vault we’ve turned this concept into reality. We are thrilled to have taken our first step into the NFT space and capitalize on this opportunity,” states Michał Mango, ESE Head of Strategy.
Bitcoin Vault (BTCV) is the main sponsor of the SkillzVault series of tournaments. BTCV is a cryptocurrency designed to provide extra level of security based on a 3-Key Security Solution allowing reversible transactions without compromising blockchain immutability. It features all the convenience of Bitcoin while adding important features, providing users with transparency and freedom.
ESE is a Europe based entertainment and technology company focused on esports and gaming. ESE’s assets consist of multiple world-class operators in the gaming and esports industries. The Company’s capabilities include but are not limited to: physical infrastructure, broadcasting, global distribution for gaming and esports-related content, advertising, sponsorship support, and a growing esports team franchise, K1CK Esports. ESE is focused on bridging the gap between the European, Asian and North American esports industries.
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