GMETF - GameOn Confirms Finalization of Previously Announced Letter of Intent With Sportsology | Benzinga
VANCOUVER, BC, Dec. 13, 2023 /PRNewswire/ -- GameOn (CSE:GET) (OTCQB:GMETF), a next generation fantasy sports platform partnered with the world's best sports leagues to launch, operate, and monetize web3 games, today announces that it has entered into a definitive software development and support agreement with Sportsology. GameOn and Sportsology had previously announced that they had entered into a letter of intent; as of today's announcement, the terms of that letter of intent have been finalized.
The partnership will drive $2.3m from development fees into Q4, as well as $1.4m in annual recurring revenue from 2024 onward. The total expected value of the deal is $9.3m over five years, with the partnership anticipated to grow and garner further opportunities.
is designed to drive fan engagement and revenue growth for game developers and sports leagues worldwide. The platform will enhance the player experience in sports-specific games such as fantasy games, predictor games, card battle games, and sports betting games, as well as others where relevant as the ecosystem matures. Developers will use to provide interoperability between games, distributed rewards, true ownership of assets, and other benefits to ...