Shares of StemGen Inc. (OTCMKTS:SGNI) have been trading within a narrow range over the past few sessions.
Market Reaction
On Wednesday , SGNI stock ended flat at $2.50 with 25 shares, compared to its average volume of 1110 shares. The stock has moved within a range of $2.5000 – 2.5000 after opening trade at $2.50.
D3eSports Looks Forward to Connecting Virtual and Real Worlds via Metaverse
The gaming sector is a $200 billion industry that is growing exponentially with each passing year. D3eSports, a division of StemGen Inc. (OTCMKTS:SGNI) has capitalized on this trend, by partnering with Dawson Racing, a real racing team, for supporting their online gaming venture with real racing experience and expertise.
Simon Dawson, President & CEO of D3eSports, comments that the sole objective is to bridge the gap between virtual and real, via their platform, which could be used to educate, entertain, and provide a recruitment forum by bringing together corporate teams. With their Microsoft license, they created a healthy, competitive online racing environment using the popular Forza motorsports video game franchise and launched the D3eSports Cup in 2018.
The school pilot was quite successful in connecting in-class learning to real situation and experience by seeing from lead engineers on real cars how to change set-ups so they could make the adjustments on their virtual cars and experience those modifications.
The metaverse being a persistent, infinitely-scaling virtual space with its own economy and identity system, will make it possible to forge stellar communication among the team, sponsors, players and fans through virtual tours, sponsored content and possibly even play-to-earn opportunities. Virtual reality will smoothly transition into the real world.
Key Quote
“We saw the impact that gaming was having on traditional sports. Participation in outdoor sports was declining while time spent behind devices and computer screens was on the rise,” said Simon Dawson, President/CEO of D3eSports, a StemGen company. “Recognizing that it’s a trend unlikely to change, the challenge became how do we make that experience as rich as possible?”
