ESE and Metapro Partner with Virtual Driftmasters to Launch one of the World's Largest Esport Racing Events - Seite 2

In the coming days, the Virtual Drift Masters App will be made available to the public, enhancing the experience and accessibility of the series. Alongside these developments, Metapro has also unveiled the latest version of the Metapro Wallet, showcasing their commitment to integrating new technology within the esports.

A significant innovation introduced by Metapro for this series is the metaproID, a novel concept that combines web2 and web3 user profiles. This feature is set to revolutionize how participants interact within the Virtual Driftmasters ecosystem, offering a seamless and integrated user experience that bridges traditional online platforms with the emerging web3 space.

Konrad Wasiela, CEO of ESE, expressed excitement about the launch: "Virtual Driftmasters is more than just a competition; it's a testament to the power of collaboration between technology and motorsport. Thanks to Metapro's technological expertise, we're able to offer an unparalleled virtual drifting experience. This series is a leap forward in our mission to blend gaming, sports, and entertainment into compelling, innovative experiences."

With the Virtual Driftmasters series, ESE and Metapro invite motorsport enthusiasts and gamers to be part of the event that pushes the boundaries of what's possible in the world of esports and online racing.

ESE Also Announces Grant of Restricted Share Units

ESE also announces the grant of options (each, an "Option") to purchase an aggregate of 750,000 common shares in the capital of the Company (each, a "Share"), as well as the award of an aggregate of 6,650,000 restricted share units (each, an "RSU", and together with the Options, the "Awards") to certain directors, officers, and consultants pursuant to the Company's equity incentive plan. The Options are exercisable for a period of 3 years from the date of grant at a price of $0.12 per Share. All Options vest 100% on the date of grant. Each RSU represents the right to receive, once vested, one Share. The RSUs will vest 12 months from the date of the RSU award. Of the Awards granted, 3,050,000 RSUs and 300,000 Options were granted to directors or officers of the Company. The Company relied on section 5.5(a) of Multilateral Instrument 61-101 - Protection of Minority ‎Security Holders in ‎Special Transactions ‎‎("MI 61-‎‎101")‎ as the exemption from the formal ‎‎valuation ‎requirements of MI 61-101 and section ‎‎5.7(1)(a) of MI 61-101 as the exemption from ‎the minority approval ‎requirements of MI 61-101 in respect of the ‎Award grants to the directors and ‎officers of the Company, as neither the fair ‎‎market value of the subject matter of, nor the fair market value ‎of the consideration for, the Awards granted to the directors and officers of the Company exceeded 25% of the Company's ‎‎market capitalization.‎‎