BitNile Metaverse, Inc. (Nasdaq: BNMV) (“
BitNile
Metaverse” or the “
Company”), the company
operating the rapidly growing virtual world, BitNile.com (the
“
Platform”), and Ed Carpenter Racing announced
today that Conor Daly’s No. 20 BitNile.com Chevrolet would carry
special livery featuring the BitNile Platform in the 107th running
of the Indianapolis 500. Mr. Daly will unveil the car and
participate in a virtual meet and greet tonight at 8:00 pm ET at
www.BitNile.com. This first-of-its-kind unveiling will take place
exclusively on the Platform. Fans can be a part of the ceremony by
creating a free account at www.BitNile.com. This is part of what
the Company sees as the Platform’s mission, i.e., to make events
and experiences universally accessible to the public via the
metaverse.
BitNile.com, Inc. (“BNI”), the
wholly owned subsidiary of the Company that owns and operates the
Platform, with over 1,000,000 engaged users, recently launched
social gaming in its metaverse. The Platform’s first social gaming
release is roulette, which can accommodate over 1,000 simultaneous
players in one social environment. The exciting new livery design
features multiple gaming icons including a roulette wheel, playing
cards and dice. BNI anticipates future social games to be released
to include Poker, Blackjack, Craps and Slot Machines.
“I always love the special liveries that roll
out for the biggest race in the world - the Indianapolis 500,”
stated Conor Daly. “And anyone who knows Todd Ault and the
BitNile.com team knows they are all in on IndyCar racing. This
gaming themed BitNile.com car is the perfect way to promote social
gaming in the metaverse, and I am excited to show it to everyone
tonight!”
“We are just getting started with the launch of
social gaming on the Platform. Users can expect more games,
livestreaming events, and unique experiences only possible in the
Company’s metaverse,” said Milton “Todd” Ault, III, Executive
Chairman of BNI. “Conor has been an incredible ambassador for our
company, and we are excited to celebrate the launch of social
gaming at this year’s Indianapolis 500.”
BNI is honoring Daly’s 10th start in the race by
displaying dice (adding up to 10) on each sidepod and from an
overhead view of both sidepods the dice add up to 20, Daly’s entry
number. The roulette wheel and the playing cards also incorporate
the lucky No 20.
The No. 21 BitNile.com Chevrolet driven by Rinus
VeeKay and the No. 33 BitNile.com Chevrolet driven by Ed Carpenter
will feature the traditional BitNile.com branding for the Indy
500.
Launched on March 1, 2023, the Platform has new
features and functionality will be added to it from time to time,
including eCommerce, live-streaming entertainment, and social
networking. The Platform offers real-world money prizes through a
sweepstakes model. Sweepstakes are only open to residents of the
United States (excluding residents of Idaho and Washington) who are
at least eighteen (18) 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.
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
10 seconds; it resulted in one or more conversation 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 BNI, 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 Ed Carpenter Racing
Ed Carpenter Racing (“ECR”)
first entered the NTT INDYCAR SERIES in 2012. The
Indianapolis-based race team has proven its versatility by
collecting eight wins across each type of track the series competes
on – street and road courses, short ovals and speedways. ECR is led
by IndyCar’s only team owner/driver, Ed Carpenter, three-time pole
winner for the Indianapolis 500 (2013, 2014 and 2018). The 2023
season has the team continue to compete with two full-time entries:
the No. 20 BitNile.com Chevrolet with Conor Daly behind the wheel
and the No. 21 BitNile.com Chevrolet, driven by Rinus VeeKay. Ed
Carpenter will round out the team’s three-car effort on the ovals,
campaigning the No. 33 BitNile.com Chevrolet. More information may
be found at http://www.edcarpenterracing.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 BitNile Metaverse will not 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
BitNile Metaverse’s business and financial results which are
included in BitNile Metaverse’s filings with the U.S. Securities
and Exchange Commission, including, but not limited to, Forms 10-K,
10-Q and 8-K. All such filings are available at www.sec.gov and on
the Company’s website at www.BitNile.net.
Contactsinvestorrelations@bitnile.net or
1-800-762-7293
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