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VIP Entertainment Technologies Inc ( (TSE:VIP) ) just unveiled an update.
VIP Entertainment Technologies Inc. has signed a non-binding memorandum of understanding to integrate BPT Token as the primary currency on its global gaming and entertainment platform, Alchemist Republic, positioning the token as a utility asset for payments, rewards and access to content and services. By adopting an externally traded cryptocurrency listed on Gate.io, VIP aims to move from a closed, internal point-based system to an open, market-linked platform economy that it expects will deliver more consistent payment and reward mechanisms, greater accessibility for global users, and a scalable economic infrastructure for onboarding future games and content, reinforcing the company’s broader Web3 strategy as it continues to overhaul and enhance its platform under new management.
More about VIP Entertainment Technologies Inc
VIP Entertainment Technologies Inc. is a Canada-based technology company focused on the global gaming and entertainment market, integrating platform operations, digital content, and next-generation Web3 technologies. Under new management and undergoing restructuring, the company is working to stabilize its financial position, restructure outstanding debt, and expand its global digital content platforms and service offerings through strategic partnerships and platform innovation, with an emphasis on building sustainable digital ecosystems and user-centric experiences.
Average Trading Volume: 426,554
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$140.3K
See more data about VIP stock on TipRanks’ Stock Analysis page.