Business
Ecoark Holdings Changes Its Name to BitNile Metaverse
Ecoark Holdings Changes Its Name to BitNile Metaverse.
About this update from Wolf Energy Services Inc.
[{"type":"text","content":"\n LAS VEGAS, March 21, 2023 (GLOBE NEWSWIRE) -- BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”) today announced that the Company has changed its name from Ecoark Holdings, Inc. to BitNile Metaverse, Inc. effective today, March 21, 2023, to reflect its focus on growing its browser-based metaverse solution as its core business. The Company’s shares will continue to be traded on The Nasdaq Capital Market. The Company’s ticker symbol will change from “ZEST” to “BNMV”. The name and stock ticker are the next steps after the Company’s recent acquisition of BitNile.com, Inc. from Ault Alliance, Inc. (NYSE American: AULT). According to Randy May, Chairman and CEO of the Company, “As we retire the old ‘Ecoark’ name, we are excited to embrace the booming metaverse industry and to grow our business in this high-growth sector.” BitNile Metaverse’s Platform (the “Platform”), which went live to the public on March 1, 2023, offers a preview of the foundational world and related activities. The Platform continues to add new features and functionality weekly, including 3D immersive games, eCommerce, live streaming entertainment, and social networking. The Platform’s tiered rewards system incentivizes users to visit often and remain for longer durations, benefitting advertisers from the increased “stickiness” and innovative advertising models unique to the metaverse. The Platform also serves as an arena for content creators and media and entertainment companies to present their products and videos to users through their avatars in a new immersive experience. The Platform is device-agnostic, enabling end-users to access the metaverse via a web browser on any modern device, including mobile phones, tablets, PCs, and VR headsets. BitNile Metaverse encourages the public to experience the early access version of the Platform and subsequent updates through the link https://bitnile.com. For more information on BitNile Metaverse and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.bitnile.net or available at www.sec.gov. About BitNile Me...