Gaming

X1 Esports and Entertainment Ltd. Announces Official Name Change to X1 Entertainment Group Inc.

X1 Esports and Entertainment Ltd. Announces Official Name Change to X1 Entertainment Group Inc.

X1 Entertainment Group Inc. (CSE: XONE; OTCQX: XOEEF; FSE: ZI0) (" X1 " or the " Company "), a video games and media portfolio company, is pleased to announce that it has completed its name change from "X1 Esports and Entertainment Ltd. to "X1 Entertainment Group Inc."

"The change of name from X1 Esports and Entertainment to X1 Entertainment Group represents the next phase of consolidation and streamlining of our brand and portfolio," said Mark Elfenbein, CEO of the Company. "As we continue to build out our portfolio and expand into the fastest growing areas of gaming, esports, and the creator economy, having clear association and cohesion throughout the X1 brands will become increasingly important and valuable."

A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da5022fc-a86f-473f-aef3-10a308b27d67

The official name change comes after a notable year of acquisition-fueled growth which saw X1 add influencer management company, Tyrus LLC, and Rocket League news outlets ShiftRLE, and Octane.GG to its existing portfolio which includes esports organization Rix.gg.

As a supplementary shift, Tyrus LLC, will be officially renamed ‘X1 Talent Corp.', and ShiftRLE and Octane.GG will be operated under ‘X1 Media & Network', a new, media-focused division of the Company.

About X1 Entertainment Group Inc.

X1 Entertainment Group Inc. is a gaming and entertainment company that helps connect brands with Gen-Z and millennial audiences all over the world through a diverse portfolio of assets which includes an Esports team, a talent management agency, and other integrated media assets. The company's assets are in three main verticals: Media & Network, Creator Economy, and Gaming & Esports. X1 is continuing to build upon its existing portfolio of assets through a combination of organic growth and accretive M&A.

Mark Elfenbein
CEO and Director

info@X1Esports.com
www.X1Esports

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively " forward-looking statements "). The use of any of the words "will", "intends" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.


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X1 Entertainment Group Announces Update on Recent Commercial Progress

X1 Entertainment Group Announces Update on Recent Commercial Progress

  • X1 Talent managed star, Zanadood signs deal with Google's YouTube
  • X1 Talent managed star, Brizzy Voices signs deal with AMD
  • X1 Talent managed star, RuffSenpai signs deal with Snapchat
  • ShiftRLE grows social media presence 200% YOY
  • ShiftRLE launches new Rocket League fan destination at www.ShiftRLE.gg

X1 Entertainment Group Inc. (CSE: XONE; OTCQX: XOEEF; FSE: ZI0) ("X1" or the "Company"), a video games and media portfolio company, is pleased to provide a corporate update on recent commercial progress with its wholly-owned subsidiaries, Tyrus LLC, a leading social media influencer management firm, and with ShiftRLE, a leading news and statistics destination for fans of the popular video game, Rocket League.

"Our focus in 2022 has been on the integration and growth of our acquisitions. With Tyrus LLC, which was renamed to X1 Talent Corp., the core strategy has been to grow the talent roster and international brand clients that partner with X1 talent to promote their newest and hottest products," said Mark Elfenbein, CEO, X1 Entertainment Group Inc. "With ShiftRLE which has a fast-growing social media audience on Twitter, the core strategy has been to launch a new web destination experience at www.ShiftRLE.gg for Rocket League fans which recently debuted in November."

Notable brand campaigns engaged with X1 Talent over the previous 90 days include:

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X1 Entertainment Group Launches New Rocket League News Portal Creating Global Hub for Rocket League Fan Community

X1 Entertainment Group Launches New Rocket League News Portal Creating Global Hub for Rocket League Fan Community

  • X1 merges owned news properties ShiftRLE and Octane.gg to create ‘the primary sports media network of Rocket League'
  • www.ShiftRLE.gg will target millions of daily Rocket League players and feature extensive play-by-play and game-by-game statistics, player and team pages, events calendar, live video, fantasy sports, and news on roster reports and rumors

X1 Entertainment Group Inc. (CSE: XONE; OTCQX: XOEEF; FSE: ZI0) ("X1" or the "Company"), a video games and media portfolio company, has today announced the launch of www.ShiftRLE.gg an all-new sports news outlet aimed at the global Rocket League fan community.

Merging its two wholly-owned media properties, ShiftRLE and Octane.gg, ShiftRLE.gg is well positioned to be the leading source for Rocket League news offering roster reports and industry rumors, and hosting an extensive database of play-by-play and game-by-game statistics which allow fans to uniquely analyze the game on a deeper level. Player and team pages will enable fans to track their favorite pro's performances throughout the season and new features to be developed such as live videos, live scores and fantasy sports will also allow fans to immerse themselves in the league and engage with the wider game community.

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X1 Esports-owned Tyrus LLC Announces Commercial Progress During 2022

X1 Esports-owned Tyrus LLC Announces Commercial Progress During 2022

  • Tyrus-managed YouTube star, Brizzy Voices signs deal with Warner Brothers
  • Tyrus talent, Kate Stark, engaged by Bank of Montreal (BMO)
  • Tyrus talent IAmBrandon signs a year-long brand ambassador contract with Amazon Luna
  • Tyrus-managed influencers contracted with a host of leading global brands including: Best Buy, Logitech and Square Enix.

X1 Esports and Entertainment Ltd. (CSE:XONE; OTCQX: XOEEF; FSE: ZI0) ("X1" or the "Company"), a video games and media portfolio company, is pleased to provide a corporate update on commercial progress with its wholly-owned subsidiary Tyrus LLC, a leading social media influencer management firm empowering gamers, content creators and influencers.

"The power and potential of influencer-led marketing campaigns has led to major global brands increasingly looking to gaming and esports influencers to help build profile for their newest and hottest products with Gen Z audiences," said Amanda Solomon, head of Tyrus LLC. "We have seen very solid month-on-month growth since the start of the year and are already filling a strong pipeline into 2023 and beyond. To see our talent working with a growing number of the world's largest and most notable brands shows the impact and unique influence these creators have with their GenZ audiences, and the strength of this as a key marketing channel going forward."

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X1 Esports Closes Acquisition of Assets of Rocket League Community, Octane.GG

X1 Esports Closes Acquisition of Assets of Rocket League Community, Octane.GG

Acquisition of Octane is intended to expand X1 ' s global Rocket League video games portfolio and reach to Gen Z audiences

  • The transaction is anticipated to strengthen X1's position in video game media, adding Octane's social media followers and statistical platform at http://Octane.GG
  • Rocket League globally averages over 80M players per month 1
  • The acquisition is X1's third closed post-IPO acquisition after the announcement of the closing of the Tyrus LLC acquisition on August 5 th 2022, and ShiftRLE on August 10 th 2022.
  • It is anticipated that Octane will merge into Shift to create a new destination for Rocket League fans.

X1 Esports and Entertainment (CSE:XONE; OTCQB: XOEEF; FSE: ZI0) ("X1" or the "Company"), a video games and media portfolio company which owns and operates Esports assets and a leading creator economy business is pleased to announce, further to its news release dated September 15 th 2022, it has closed its acquisition of the assets comprising of Octane.GG ("Octane"), an online statistical and news outlet focused on the popular video game, Rocket League.

In connection with the acquisition of the assets comprising the business of Octane, the Company has entered into consulting agreements with two individuals, who as key personnel will be responsible for the continued operation of Octane. As consideration for the acquisition of the assets compromising the business of Octane, the Company is paying a cash purchase price of US$35,000, US$17,500 of which was paid in connection with the closing of the acquisition and US$17,500 of which will be payable within 45 days after the closing date.

" We are enthusiastic to have closed on the Octane acquisition," said Mark Elfenbein, CEO of X1. "As Rocket League continues to grow in global popularity, owning multiple assets within this Esport allows the opportunity to launch an all-encompassing Rocket League destination site containing breaking news, statistics, video highlights, and fantasy sports."

Information Related to Octane

Octane is the leading Rocket League Esports statistics platform providing in-depth match statistics across the top events in the space. Since its inception in 2017, Octane has collected data for hundreds of thousands of games and thousands of players, teams, and events. As the primary source of statistics for Rocket League, Octane has amassed a valuable trove of data on the history and evolution of players and teams from their rookie days to playing on the world stage. Using the platform, fans are able to check-in live during game days to see how their favorite players and teams are performing, while coaches and commentators can use the data to draw better conclusions and create narratives around how players and teams are trending. Octane's robust set of filters and comprehensive data makes it an unmatched resource for the large community of Rocket League esports fans.

The Company anticipates utilization of Octane's Rocket League statistics database in launching future offerings, such as a possible Rocket League fantasy product, as discussed in X1's prior news release dated July 25th, 2022.

Changes to Directors and Officers

The Company also announces that Jan Hoffmann has resigned from the Company's board of directors (the " Board ") and as the Chief Executive Officer of the Company's wholly owned subsidiary, RixGG Europe Ltd., which holds and operates the Company's RixGG e-sports teams. The Company would like to thank Mr. Hoffmann for his contributions to the Company and wishes him well on his future endeavours. Latika Prasad, a current director of the Company, will be appointed Chief Executive Officer and a director of RixGG Europe Ltd. and will oversee operations with Mark Elfenbein, CEO of X1.

Samantha Shorter has been appointed to fill the vacancy on the Board. In connection with her appointment to the Board, Ms. Shorter has resigned as Chief Financial Officer of the Company, and Bobby Dhaliwal has been appointed as the Company's Chief Financial Officer.

Samantha Shorter

Ms. Shorter most recently served as the Chief Financial Officer of X1, and has over a decade of experience in providing reporting, assurance and accounting services to publicly traded companies, including technology companies. She left public practice in 2011, where she acted in the capacity of audit manager with Davidson & Company LLP, a major Canadian accounting firm, and has since taken on a variety of leadership roles. Her governance and accounting knowledge facilitates effective implementation and oversight for financial reporting, administration and internal controls development and budgeting. Ms. Shorter completed a Bachelor of Commerce with Honours at the University of British Columbia. She is a Chartered Professional Accountant (CPA, CA) and Certified Internal Auditor.

Bobby Dhaliwal

Mr. Dhaliwal works as a financial consultant with a number of TSX-V and CSE listed companies in the resources and technology sector, including in the roles of CFO and controller. These companies are Canada-based with various international operations. His professional experience includes assistance on initial public offerings, continuous disclosure and financial reporting, implementation of accounting software, various equity financings and implementation of internal control policies. Mr. Dhaliwal graduated from Langara College, Vancouver, and holds a bachelor of accountancy.

Information Related to Rocket League

Rocket League is one of the world's leading esports 2 . With 5-minute games that feature non-stop action, the car-soccer hybrid game has seen significant growth with players across demographics since its launch, now seeing global averages of 80M players per month, according to Active Player 3 .

About X1

X1 Esports and Entertainment Ltd. is a gaming and entertainment company that helps connect brands with Gen-Z and millennial audiences all over the world through a diverse portfolio of assets which includes an Esports team, a talent management agency, and other integrated media assets. The company's assets are in three main verticals: Media & Network, Creator Economy, and Gaming & Esports. X1 is continuing to build upon its existing portfolio of assets through a combination of organic growth and accretive M&A

For more information, please contact:

Mark Elfenbein

CEO and Director

info@X1Esports.com
www.X1Esports

FORWARD LOOKING STATEMENTS:

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking information in this news release includes the ability of Octane to integrate with ShiftRLE or at all, and expected synergy between ShiftRLE and Octane, including by allowing for the provision of Rocket League fantasy sports options, the continued growth and popularity of Rocket League, the growth of ShiftRLE (as integrated with Octane) and the establishment of ShiftRLE as a multimedia company with longevity in the space, and the achievement of any revenue by ShiftRLE. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations, changing market and industry conditions, the ability of each of X1 and Octane to implement their respective business strategies, including plans to integrate Octane and ShiftRLE, the continued relevance of Octane's media capabilities, competitive conditions, adverse industry events, availability of capital and financing as needed. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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X1 Esports Enters Into Agreement to Acquire Assets of Rocket League Community, Octane.GG

X1 Esports Enters Into Agreement to Acquire Assets of Rocket League Community, Octane.GG

Following completion of the acquisition, X1 intends to merge media assets of Octane with recently acquired media assets of ShiftRLE into a new super destination for 80 million-strong Rocket League players and fan community.

  • The transaction is anticipated to strengthen X1's position in video game media, with Octane's 16,500 social media followers, and Shift's existing 40,000+ followers
  • Octane's unique Rocket League statistics database will allow new Shift/Octane hybrid the ability to launch Rocket League fantasy sports
  • Rocket League globally averages over 80M players per month
  • The acquisition will help deliver on X1's core strategic priorities of building a diverse portfolio of gaming-related assets and providing global brands with unique access to Gen Z audiences

X1 Esports and Entertainment (CSE:XONE; OTCQX: XOEEF; FSE: ZI0) ("X1" or the "Company"), a video games and media portfolio company, is pleased to announce it has entered into an asset purchase agreement (the "APA") to acquire Octane.GG ("Octane"), an online fan statistics platform focused on the popular video game, Rocket League.

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GameFi Leader, Splinterlands, Surpasses 2 Billion Transactions Milestone

- Today Splinterlands announced that the company has surpassed the monumental milestone of 2 billion transactions having been made on the platform since the company was founded in 2018. After passing the 3 billion battle threshold in August 2022 this marks another significant indicator in sustainable and rapid growth for the Web 3.0 collectible trading card battle game. According to DappRadar, Splinterlands accounted for 96% of all transactions on Hive the blockchain that Splinterlands is built upon. Splinterlands is currently experiencing between 3 to 5 million daily transactions.

"It is hard to fathom the immense growth and engagement that we have seen in our community," said Splinterlands CEO Jesse "Aggroe d" Reich. "Two billion transactions is mind blowing. As we look to improve our frictionless onboarding approach as well as the entertainment value of Splinterlands, we look forward to continuing to introduce Splinterlands to new players who have not yet explored blockchain games."

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Performance on the Move! GIGABYTE Introduces New AORUS 17, AORUS 15 Gaming Laptops, and AERO 14 OLED Super-thin Creator Laptops

GIGABYTE today introduces the AORUS 17, AORUS 15, and AERO 14 OLED, a suite of new laptops optimized to provide power and mobility. The three new additions now join the flagship AORUS 17X, AORUS 15X, and AERO 16 OLED in GIGABYTE's 2023 laptop lineup, which was unveiled earlier at CES 2023. Boasting the latest cores from both Intel and NVIDIA in a sleek and portable design, the AORUS 17 and AORUS 15 prov ide strong performance with max total graphics power (TGP) for enthusiasts who want to take their games on the go; while the AERO 14 OLED is tailored for creative minds, combining portability with a perfectly color-accurate display.

News Provided by Canada Newswire via QuoteMedia

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KRAFTON Inc. to open its first Canadian AAA game studio in Montreal

KRAFTON Montreal Studio will hire 150 people in the next 3 years to work on a new IP based on a fantasy novel series

KRAFTON Inc., a collective of independent game development studios behind the success of PUBG: BATTLEGROUNDS, is proud to announce today the opening of its first Canadian AAA game studio located in Montreal, Quebec . KRAFTON Montreal Studio will be led by Patrik Méthé, a prominent figure in the gaming industry with over 20 years of experience in leadership roles on some of the world's most renowned franchises.

News Provided by Canada Newswire via QuoteMedia

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Gaming Innovation Group: Invitation to Q4 2022 results presentation

Gaming Innovation Group Inc. (GiG) publishes its interim report for the fourth quarter 2022 before market opening on Wednesday 15 February 2023 .

CEO Richard Brown will present the Q4 2022 results via livestream at 10:00 CET . The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.

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Wemade Hosts WEMIX Airdrop Event to Celebrate the Global Launch of MIR M!

WEMIX PLAY, the number 1 blockchain gaming platform by Wemade, is hosting a WEMIX airdrop event until February 28th to celebrate the global launch of its MMORPG, MIR M: Vanguard and Vagabond.

Wemade Hosts WEMIX Airdrop Event to Celebrate the Global Launch of MIR M!

WEMIX PLAY will be giving away 1 WEMIX each to 1 million users who meet the following requirements: Connect game account to PLAY Wallet, reach character level 25, and have a log-in record within one week from the event end date. If the number of participants exceeds 1 million, winners will be selected based on the order of reaching character level 25 first. Winners and more information will be announced later.

MIR M is a K-MMORPG featuring martial arts that launched on January 31st . It recreated Wemade's most popular IP, The Legend of Mir 2, to fit current game trends, and applied blockchain technology to create tokenomics based on the game token DRONE and Governance token DOGMA.

MIR M is also part of an Inter-game Economy that includes the economy of MIR4, the world's most successful blockchain game. Users of games in this Inter-game Economy can reinvest the game tokens they have obtained in each game into other games, thus creating a virtuous cycle.

Please visit the official website for more information on the airdrop event in celebration of the global launch of MIR M. ( https://mirmglobal.com/ )

(PRNewsfoto/Wemade)

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SOURCE Wemade

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STABILITY AI PARTNERS WITH KRIKEY AI TO LAUNCH AI ANIMATION TOOLS

An AI Text to Animation tool that generates 3D, animated, interactive characters

A new AI Experience lets users generate animations in minutes

Krikey.ai, an AI tools company, announced an AI Animation partnership with Stability AI today. Krikey's AI Text to Animation tool enables users to use a text phrase to generate avatar animations in minutes. Users can then export a video file or fbx file to their social media account, 3D game engine or film editing software of choice. Krikey's tool also allows users to customize their 3D Avatar and then generate an AI animation for that avatar. The AI Animation tool launches today and is available at www.krikey.ai more Avatar customization features will be launching this quarter.

Usually an animation takes 5+ business days to create, but with Krikey's AI tool it takes minutes to generate. The animations are mobile optimized and also immediately usable in AR. This AI to AR pipeline empowers creators and democratizes content creation. AI can never imbue a character with emotion so the role of artist and animator remains the same in the production pipeline. Creators and developers can visit www.krikey.ai to generate their own AI animations today.

"Stability is always seeking out AI innovators and the Krikey team has put together one of the best tools to democratize creative expression. Now anyone can animate a 3D character with a few words in a text box ," said Emad Mostaque , CEO of Stability AI. "We are excited to support the Krikey AI team and work together to empower the next generation of AI creators and developers."

In Krikey's AI Tool, users will be able to explore and try a set of basic motion prompts including variations on walk, run, jump, wave, climb and more. The website www.krikey.ai has a prompt guide to help guide users enter and experiment in the world of AI Animation. More complex prompts like moonwalk, zombie march and tai chi also lead to engaging results. Generated animations can be seen in the dashboard within your account and users can download video files or fbx files. Within the animation tool, users can also change the camera angle, add or remove shadows, backgrounds, change the animation speed and customize their Avatar before exporting to share with friends.

"This is the beginning of a revolution in how 3D content will be created ," said Ketaki Shriram , Co-founder and CTO at Krikey.ai. "Generative AI Animations have applications in numerous industries including film, gaming, metaverse avatars, social media and cloud computing. AI Animation could be the foundation of the next creator economy."

Krikey's AI Animation tool is available today online at www.krikey.ai . Visit the website to generate your first AI animation!

About Krikey AI

Krikey AI has built a set of developer tools including an AI Text to Animation tool, custom 3D Avatar tool, AR mobile app toolkit and more. The AI tool enables creators to generate animations they can take into any platform for 3D content creation. Krikey has previously partnered with Snapchat, T-Mobile, Google Maps, The Ellen DeGeneres Wildlife Foundation, Sony Pictures Entertainment and the National Audubon Society, building custom AR games for each brand partner and reaching 5M+ users. For more information, please visit www.krikey.ai .

About Stability AI

Stability AI builds open source AI tools to provide the foundation to awaken humanity's potential. Their AI tool empowers artists to generate images and 3D models based on text inputs. They have open AI models for image, language, audio, video, 3D models and biology. They are the developer of Stable Diffusion and design and implement solutions for companies to use AI in their production processes. For more information, please visit https://stability.ai/ .

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SOURCE Krikey, Inc

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