Simplicity Esports (WINR) is in the process of designing and selling NFTs

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Simplicity Esports (OTCQB:WINR) announced last week that it partnered with Project Token and the UCF Blockchain Innovation Lab to create and sell NFTs for the Esports and gaming industry.

After this news, it announced on Monday that it has received a record number of applications in the last 30 days submitted by its wholly-owned subsidiary PLAYlive Nation’s website. The applications include potential franchisees interested in opening new franchise territories of Simplicity Esports gaming centers.

Roman Franklin, President of Simplicity Esports, stated, “Through an introduction from a mutual board member, we have secured an excellent partner to jumpstart our future in NFTs. I see a huge opportunity for the minting of NFTs as a digital form of merchandise for esports fans, and the use of blockchain in general to create a more secure and efficient infrastructure for the global esports and gaming industries.”

Corey Lanzing, CEO of Project Token, said ”We couldn’t be more thrilled to enter a space shared with the likes of NBA Top Shop and others. We are looking forward to launching this collection with a leader in esports and gaming, in the coming months.”

Summary

  • Simplicity Esports (OTCQB:WINR) is now in the process of designing and selling non-fungible tokens (NFTs) for the esports and gaming platform. This should attract many investors since NFTs are trending from what we have seen with TKAT, DLPN, OCG and
  • The stock has reached its highest high of $22 and is now $17 after dropping 5.5% yesterday. It has 1.33 million outstanding shares and a 52-week range from $5.36 to $22. We expect further announcements on NFTs that will drive volume and interest in the stock price.
  • In the last couple of days, it has received a record number of applications including potential franchises and it already has more than 20.

 

About the franchise applications

The new franchise applications include disclosure of financial information, desired territory, and business background. New applicants typically take 30 to 60 days to move through Simplicity Esports’ internal vetting and sales process. The vetting process is designed to approve only those applicants that Simplicity Esports believes have the financial and business experience needed to become a franchisee owner-operator of a Simplicity Esports gaming center. Not all applications are approved.

The purchase fee stands at $45,000 and the company still makes a profit from the sale of furniture, fixtures and equipment for the build-out phase of gaming center construction.

Roman Franklin, President of Simplicity Esports, stated, “I am enthusiastic about our prospects for 2021. The combination of our growing corporate-owned and franchisee-owned gaming center infrastructure is a testament to our commitment to remaining the largest footprint of eSports gaming centers in the U.S. I attribute the record number of franchisee applications to pent-up demand caused by COVID-19 disruptions. I expect the demand will continue to increase as a growing number of states lift restrictions that have been in place for almost a year.”

About Simplicity Esports and Gaming Company

Simplicity Esports is a North American eSports organization founded by CEO Jed Kaplan, a minority owner of both Memphis Grizzlies and Swansea City of the English Champions League. The company is based in Florida U.S. since 2017 and is the first pure-play publicly-traded eSports organization in America. Simplicity Esports is an established brand within the eSports industry and offers streaming in popular games across different genres, including Apex Legends®, PUBG Mobile®, Overwatch®, League of Legends®, and various EA Sports® titles.

The company is now in the process of designing and selling non-fungible tokens (NFTs) for the esports and gaming platform. This should attract many investors since NFTs are trending in the last few days from what we have seen with TKAT, DLPN, OCG and YVR. What is more, the company is operating another 12 and is franchising more than 20 Esports Gaming Centers providing the public an opportunity to experience gaming and eSports in a social setting, regardless of skills and experience.

Just like Super League Gaming, it organizes and hosts tournaments, and in-person events while also owns a Riot Games League of Legends franchise and top Brazilian eSports organization, Flamengo Esports.

Simply Esports stock chart

The stock has reached its highest high of $22 and is now $17 after dropping 5.5% yesterday. It has 1.33 million outstanding shares and a 52-week range from $5.36 to $22.

We expect further announcements on NFTs that will drive volume and interest in the stock price.

Disclaimer – I/we have no position in any stock mentioned. I wrote this article myself, and it expresses my personal opinions. I am not receiving any compensation for it, other than FDGT Academy. I do not have or had in the past any business relationship with any company that is mentioned in the above article.

Natalia C. - Junior Analyst at FDGT Academy

Natalia C. - Junior Analyst at FDGT Academy

I am a stock analyst/investor with prior experience and knowledge to BSc Accounting and Finance. After completing my degree and exposure to the accounting firms I decided that the direction I should choose is towards the Investment world. I completed my masters in Investment Management where it gave me solid fundamentals to build my career on. I have examined a lot of different aspects of investment, from REITS, derivatives, currencies, bonds, equity and hedge funds. I never stopped learning about the market which is why I can analyze and write articles for FDGT community always personally opinionated. My passion are green energy and electric vehicles stocks as a whole. I also had my share of analyzing the work form home stocks that are coming to take over in the upcoming years.