Rapid Growth Attributed to Browser-Based Access and
Headgear-Free Experience
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”), announce that
the Platform has surpassed 500,000 active users in less than one
month since launching its early-access phase. This impressive
growth, even with limited content and graphics, showcases the
Platform’s global appeal and demonstrates the potential to be a
significant contender in the metaverse space. BitNile Metaverse,
through its wholly owned subsidiary BitNile.com, Inc.
(“BNI”), owns and operates the Platform.
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BitNile Metaverse attributes this growth to two key factors:
- The Platform is accessible via any device using any web
browser, without requiring permissions, downloads, or apps;
and
- The 3D Platform can be enjoyed without the need for bulky and
costly virtual reality headsets.
“All you need are your eyes and a screen,” says Founder and
Executive Chairman of Ault Alliance, Milton “Todd” Ault, III. “The
feats that the Platform has achieved thus far, and what we hope to
accomplish, are truly remarkable.”
The Company announced last week that three new games and three
new in-world features will be added to the Platform within the next
30 days. The Company believes these additions will not only expand
the range of experiences available to users but also contribute to
the continued growth and development of the Platform.
Douglas Gintz, President of BNI, stated, “Our users have been
instrumental in our Platform’s success, offering invaluable
insights and feedback. Their contributions have empowered our
developers to rapidly and consistently refine and enhance every
aspect of the Platform.”
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 weekly, encompassing 3D
immersive games, eCommerce, live streaming entertainment, and
social networking. The Platform is working on implementing a tiered
rewards system to encourage users to visit frequently and stay for
extended periods. Advertisers are anticipated to benefit from
increased “stickiness” and inventive advertising models unique to
the Platform.
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.
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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version on businesswire.com: https://www.businesswire.com/news/home/20230330005359/en/
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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