LAS VEGAS, March 21, 2023 (GLOBE NEWSWIRE) — BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Firm”) at this time introduced that the Firm has modified its title from Ecoark Holdings, Inc. to BitNile Metaverse, Inc. efficient at this time, March 21, 2023, to replicate its give attention to rising its browser-based metaverse answer as its core enterprise. The Firm’s shares will proceed to be traded on The Nasdaq Capital Market. The Firm’s ticker image will change from “ZEST” to “BNMV”. The title and inventory ticker are the following steps after the Firm’s latest acquisition of BitNile.com, Inc. from Ault Alliance, Inc. (NYSE American: AULT).
In response to Randy Might, Chairman and CEO of the Firm, “As we retire the outdated ‘Ecoark’ title, we’re excited to embrace the booming metaverse business and to develop our enterprise on this high-growth sector.”
BitNile Metaverse’s Platform (the “Platform”), which went dwell to the general public on March 1, 2023, affords a preview of the foundational world and associated actions. The Platform continues so as to add new options and performance weekly, together with 3D immersive video games, eCommerce, dwell streaming leisure, and social networking. The Platform’s tiered rewards system incentivizes customers to go to typically and stay for longer durations, benefitting advertisers from the elevated “stickiness” and progressive promoting fashions distinctive to the metaverse. The Platform additionally serves as an enviornment for content material creators and media and leisure firms to current their merchandise and movies to customers by way of their avatars in a brand new immersive expertise.
The Platform is device-agnostic, enabling end-users to entry the metaverse by way of an online browser on any fashionable system, together with cellphones, tablets, PCs, and VR headsets. BitNile Metaverse encourages the general public to expertise the early entry model of the Platform and subsequent updates by way of the hyperlink https://bitnile.com.
For extra data on BitNile Metaverse and its subsidiaries, the Firm recommends that stockholders, buyers and every other events learn the Firm’s public filings and press releases out there below the Investor Relations part at www.bitnile.web or out there at www.sec.gov.
About BitNile Metaverse Inc.
Based in 2011, BitNile Metaverse owns 100% of BitNile.com, Inc., together with the BITNILE.COM metaverse platform. The Platform, which went dwell to the general public on March 1, 2023, permits customers to have interaction with a brand new social networking neighborhood and buy each digital and bodily merchandise whereas taking part in 3D immersive video games. Along with BitNile.com, Inc., BitNile Metaverse additionally owns three non-core subsidiaries both instantly or not directly: roughly 66% of Wolf Vitality Companies Inc. (OTCQB: WOEN) not directly, 100% of Zest Labs, Inc. instantly and roughly 89% of Agora Digital Holdings Inc. instantly. BitNile Metaverse additionally owns roughly 70% of White River Vitality Corp (OTCQB: WTRV).
Ahead-Wanting Statements
This press launch accommodates “forward-looking statements” inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended These forward-looking statements usually embody statements which might be predictive in nature and rely on or check with future occasions or circumstances, and embody phrases comparable to “believes,” “plans,” “anticipates,” “tasks,” “estimates,” “expects,” “intends,” “technique,” “future,” “alternative,” “could,” “will,” “ought to,” “might,” “potential,” or comparable expressions. Statements that aren’t historic information are forward-looking statements. Ahead-looking statements are based mostly on present beliefs and assumptions which might be topic to dangers and uncertainties. Ahead-looking statements converse solely as of the date they’re made, and Ecoark doesn’t undertake any obligation to replace any of those statements publicly in gentle of recent data or future occasions. Precise outcomes might differ materially from these contained in any forward-looking assertion because of numerous components. Along with dangers referring to the acceptance of the Platform by people, competitors with a lot bigger firms working metaverses, Ecoark’s capacity to boost capital, and state regulation of bitcoin mining, buyers ought to assessment the chance components that would have an effect on Ecoark’s enterprise and monetary outcomes that are included in Ecoark’s filings with the U.S. Securities and Change Fee, together with, however not restricted to its Varieties 10-Ok, 10-Q and 8-Ok. All such filings can be found at www.sec.gov and on the Firm’s web site at www.bitnile.web.
