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Elray Resources Inc. (OTCPK:ELRA) has completed the sale of its proprietary crypto iGaming technology to 180 Life Sciences Corp. (NASDAQ:ATNF). As compensation, Elray received preferred stock convertible into a 40% stake in ATNF and warrants to purchase 3 million shares of ATNF common stock, subject to stockholder approval. The technology will be used to launch an iGaming Blockchain casino. According to CTO Vincent Cai, this strategic move aims to enhance Elray's financial position and create new revenue opportunities through market collaborations.
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Elray Resources Inc. (OTCPK:ELRA) has signed its first operator, Maxibet Technology N.V., to launch a blockchain casino. This platform, expected to operate globally under the brand name Maxibet, taps into the growing crypto gambling sector, which is forecast to reach $93 billion by 2024. Elray's cofounder, Cathy Feng, expressed confidence in the potential success of Maxibet and its offerings. The announcement also highlighted an exclusive agreement with Golden Matrix Group to provide top-tier gaming content. This marks a significant advancement for Elray as it commercializes its crypto gaming technology.
Elray Resources Inc. (OTCPK: ELRA) has announced the acquisition of Online Casino Crypto Technology from Luxor Capital LLC, which will enable the launch of its Elray Blockchain System (EBS) for crypto gaming operators in the near future. Additionally, Elray secured an Exclusive Distribution Agreement with Golden Matrix Group Inc. (NASDAQ: GMGI) to access all gaming content for crypto operators, enhancing its B2B online crypto casino offerings. The global crypto gambling market is projected to reach $93 billion by 2024, highlighting significant growth potential for Elray.
Elray Resources Inc. (OTCPK: ELRA) has confirmed its official Twitter account amidst false claims from unrelated parties. The verified account can be found at twitter.com/ELRA_Official. The company recently updated its OTC Company Profile to include this information and plans to use the account for future public updates. Founded in 2004, Elray Resources is restructuring to capitalize on opportunities in e-commerce IP.