Ault Alliance, Inc. (NYSE American: AULT) (“
Ault
Alliance”), a diversified holding company, and BitNile
Metaverse, Inc. (Nasdaq: BNMV) (“
BitNile
Metaverse” or the “
Company”), the latter
of which operates the growing virtual world, BITNILE.COM (the
“
Platform”), announced the launch of social gaming
on the Platform with the first public release of its online
roulette feature.
Previously available only as a Beta release, the
new version of roulette offers users an opportunity to play merely
for fun or for real money prizes through a sweepstakes model.
Sweepstakes are only open to residents of the United States (other
than residents of Idaho and Washington) who are at least eighteen
years old or the age of majority in their jurisdiction (whichever
occurs later) at the time of entry. Participation is void where
prohibited by law.
“We are excited for the launch of roulette, the
first of several games and in-world features expected to be made
available on the Platform in the coming months,” said Founder and
Executive Chairman of Ault Alliance, Milton “Todd” Ault, III.
“Unlike traditional online games, players are not confined to a
screen but can explore the site as well as interact with other
players. It's the closest you can get to real-life gaming without
ever having to leave your chair.”
BitNile Metaverse, through its wholly owned
subsidiary BitNile.com, Inc. (“BNI”), owns and
operates the Platform.
“BitNile.com has surpassed 1,400,000 engaged
users since its launch,” said Douglas Gintz, President of BNI. “Our
team is working diligently to introduce additional games and other
forms of entertainment on the Platform that we expect will appeal
to our expanding audience.”
Launched on March 1, 2023, the Early Release
version of the Platform provides a preview of the virtual world and
related activities. New features and functionality will be added as
they become available, including social gaming, eCommerce, live
streaming entertainment, and social networking.
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 ten seconds; it resulted in one or more conversion 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.
ContactsBitNile
Metaverse Investor Contact:investorrelations@bitnile.net
or 1-800-762-7293
Ault Alliance Investor
Contact:IR@Ault.com or 1-888-753-2235
BitNile Metaverse (NASDAQ:BNMV)
Historical Stock Chart
From Jun 2024 to Jul 2024
BitNile Metaverse (NASDAQ:BNMV)
Historical Stock Chart
From Jul 2023 to Jul 2024