ESE Entertainment Inc. (TSX-V:ESE) said it has started a new division focused on expanding its existing business products and services to the metaverse.
The metaverse is commonly defined as a network of 3D virtual worlds focused on social connection. The metaverse more specifically describes the Web3 based applications and worlds that are built on the blockchain.
ESE said it has identified two primary metaverses that it will seek to build business products and services for -- Decentraland and The Sandbox. In addition, there are multiple Play-To-Earn video games that ESE is evaluating.
READ: ESE Entertainment reviews highlights from 2021, talks strategic goals for 2022
To date, ESE said it has focused on offering a range of services to leading video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. ESE also operates its own e-commerce channels, esports teams, and gaming leagues.
Through the introduction of its metaverse business division, the company said it believes it may be able to expand its current offerings to clients in the metaverse by utilizing its expertise in gaming.
ESE CEO Konrad Wasiela will head the new metaverse division as the company will seek to add more expertise with strategic partnerships, new hires, and advisors in 2022.
“The opportunity in the metaverse and Web3 is very significant. Our existing clients and partners include some of the largest video game publishers in the world, and they are expanding their business models into the metaverse,” said Wasiela in a statement.
“That is why we believe that ESE is uniquely positioned to provide real services and business offerings by applying our existing expertise and capabilities to the metaverse. We will seek to expand into the space aggressively.”
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