Unlimited Access to the Metaverse Via First
Headgear-Optional, Download-Free Platform
Ault Alliance, Inc. (NYSE American: AULT) (“Ault
Alliance”), a diversified holding company, and BitNile
Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the
“Company”), the company operating the rapidly growing
virtual world, BITNILE.com (the “Platform”), announced that
the Platform has surpassed 1,000,000 engaged users in less than
seven weeks since launching its early-access phase.
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The 3D Platform’s appeal is growing as a multitude of people
have experienced unlimited access to the Metaverse in a
browser-based format without plug-ins, downloads or apps, which can
be enjoyed with or without a costly virtual reality headset.
“What’s amazing is that we are still in ‘preview’ mode, with
very little interactive content in the Platform,” said Founder and
Executive Chairman of Ault Alliance, Milton “Todd” Ault, III. “But
that is changing rapidly, as we are planning to add some great new
games and in-world features this month. Soon, the Platform will, in
my opinion, be the hottest spot in the Metaverse.”
BitNile Metaverse owns and operates the Platform through its
wholly owned subsidiary BitNile.com, Inc. (“BNI”).
Launched on March 1, 2023, the Platform currently provides a
preview of the foundational world and related activities. New
features and functionalities will be added regularly, encompassing
3D immersive games, eCommerce, live streaming entertainment, and
social networking. BNI is working on implementing a tiered rewards
system on the Platform to encourage users to visit frequently and
stay for extended periods. Advertisers are anticipated to benefit
from increased “stickiness” and inventive advertising models to be
implemented on the Platform.
Regarding its upcoming features and experiences, Douglas Gintz,
President of BNI, said, “We are targeting May 1, 2023 for the
rollout of the first of many expected social gaming experiences
that will offer eligible users a chance to win real-world prizes,
including cash. We will provide more detail in the near future, or
users can sign up at BITNILE.com to keep up to date.”
The Company’s dedication to improving the user experience across
the Platform via ongoing innovation and expansion is expected to
further solidify its position within the metaverse market. As the
number of users continues to grow, the Platform is poised to become
a premier destination for those seeking a truly immersive and
interconnected virtual world. Users can access and explore the
early-access version of the Platform and receive updates by
visiting https://BITNILE.com.
The Platform uses Google Analytics to track usage and identify
users. A user is considered to be engaged if one of the following
conditions is met: the session lasted longer than 10 seconds; it
resulted in one or more conversation events; or it resulted in two
or more page/screen views.
About BitNile Metaverse, Inc.
Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of
BitNile.com, Inc., including the BITNILE.COM metaverse platform.
The Platform, which went live to the public on March 1, 2023,
allows users to engage with a new social networking community and
purchase both digital and physical products while playing 3D
immersive games. In addition to BitNile.com, Inc., BitNile
Metaverse also owns three non-core subsidiaries either directly or
indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB:
WOEN) indirectly; 100% of Zest Labs, Inc. directly; and
approximately 89% of Agora Digital Holdings Inc. directly. BitNile
Metaverse also owns approximately 70% of White River Energy Corp
(OTCQB: WTRV).
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and provides mission-critical products that support a diverse range
of industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles. In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.Ault.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and neither Ault Alliance nor BitNile Metaverse undertake any
obligation to update any of these statements publicly in light of
new information or future events. Actual results could differ
materially from those contained in any forward-looking statement as
a result of various factors. In addition to risks relating to the
acceptance of the Platform by individuals, competition with much
larger companies operating metaverses and BitNile Metaverse’s
ability to raise capital, investors should review risk factors,
that could affect either or both of the Ault Alliance’s and BitNile
Metaverse’s respective businesses and financial results which are
included in Ault Alliance’s and BitNile Metaverse’s respective
filings with the U.S. Securities and Exchange Commission,
including, but not limited to, their respective Forms 10-K, 10-Q
and 8-K. All such filings are available at www.sec.gov and on the
companies’ websites at www.Ault.com and www.BitNile.net,
respectively.
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BitNile Metaverse Investor Contact:
Investorrelations@BitNile.net or 1-800-762-7293
Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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