VANCOUVER (British Columbia), Aug. 18, 2022 (GLOBE WIRE) Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0), (OTC PINK APETF) (“Alpha” or the “Company”), a technology company that focuses on emerging markets in esports, mobile gaming, ecommerce, blockchain, and high growth opportunities, is excited to announce that Alpha, via its wholly owned subsidiary, Shape Immersive (“Shape”), has entered into a partnership with SPACE Metaverse (“SPACE”) to assist SPACE in developing ecommerce experiences in the metaverse.
SPACE was founded in 2021 and is a leader of the metaverse commerce industry. It aims to offer a platform that allows users to create and customize their own virtual rooms, as well as buy and sell their products and services. SPACE’s goal is to create a metaverse that provides consumers with a seamless and straightforward virtual experience for shopping, events, gamification, and other fun social activities without physical borders.
Shape will become a preferred vendor on SPACE. Shape will set up retail stores and ecommerce platforms on the SPACE platform to support leading brands that are entering the metaverse. Shape was founded in 2018 and has built an impressive portfolio of top brands including Red Bull and Coca-Cola.
SPACE’s investors include a number of the most web3 technologies including CoinFund, DapperLabs, and AnimocaBrands. CoinFund has over 60 investments. Digital Dapper Labs created NBA Top Shot as well as many other blockchain-based games. Animoca Brands is the most prominent VC blockchain game portfolio.
“COVID greatly accelerated the adoption of eCommerce and we believe SPACE Metaverse will help transform the ecommerce experience of many brands and consumers once again. We are excited to take digital commerce to the next level with this partnership,” said James Basnett, Co-Founder of Shape.
SPACE was created to help consumers enter the metaverse and create virtual goods. SPACE also provides a platform to allow them to monetize and monetize virtual assets.
Regarding this strategic partnership, SPACE’s CEO Batis Samadian states, “The founding team at Shape has been important in teaching companies and leaders about power of the metaverse and we are proud to have them as a partner pushing Space Metaverse forward to Fortune 500 companies and category leading brands.”
Shape will partner with SPACE to increase the value of SPACE and support it in its goal to become the best ecommerce tool in all of the metaverse.
Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. (CSE : ALPA), (OTC : APETF), (FRA : 9HN0 is a publicly traded corporation. The company holds a portfolio of assets that includes gaming, Metaverse tech and studio services. This portfolio focuses on emerging industry opportunities such as eSports. One of the operational units is Shape. This full-service metaverse company builds virtual retail experiences and web3 gaming for Fortune 500 companies. It also provides a platform that allows all gamers to play esports. This platform offers video game contests where top titles can be won and gamers can compete for cash prizes. Alpha clients and Partners include RTFKT (Olympics, Star Atlas), Red Bull, Intel and TED. Find out more at: www.alphametaverse.com
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The Board of Directors
Chief Executive Officer
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business and plans, including with respect to undertaking further acquisitions, incorporation of Shape’s abilities into the Company’s portfolio of gaming solutions, cross-selling across business units, development of further gaming intellectual property and metaverse gaming experiences, future value of the metaverse industry and the Company’s ability to position itself to capitalize on the metaverse industry. While the Company believes that forward-looking information is reasonable, there can never be certain that these expectations will be met. It is important not to place undue dependence on forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company does not complete any further acquisitions; that the Company is unable to incorporate Shape’s abilities into its portfolio of gaming solution; the Company’s inability to cross-sell across business units; the risk that the Company is unable to develop further gaming intellectual property and metaverse gaming experiences; the risk the future value of the metaverse industry does not materialize; the risk the Company is unable to position itself to capitalize on the metaverse industry; and that the Company may not be able to carry out its business plans as expected. The Company disclaims all obligation to update forward-looking statements and forward-looking information except as required by law. While the Company believes that forward-looking information is reasonable, there is no guarantee that these expectations will be met. The Company also doesn’t make any reference to profitability based solely on reported sales. This news release contains statements that are current as of the date it was issued.
This press release has not been reviewed by the CSE.
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