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FITNESS METAVERSE EXPANDS AS THREE MAJOR FITNESS AND LEISURE BRANDS BECOME THE FIRST ENTRANTS INTO THE SANDBOX
OliveX Fitness Metaverse, the metaverse company, has this month expanded its network of metaverse partners after successfully signing three major fitness, leisure and physical activity brands to the The Sandbox metaverse – following in the footsteps of brands such as Adidas, Warner Bros and Gucci all of which have established themselves in the metaverse.
The metaverse experts, OliveX Fitness Metaverse, will support and assist the three brands – boutique fitness studio brand TRIB3, German fitness apparel brand Gym Aesthetics, and industry-leading UK playground innovators PlayInnovation – by bringing trademarked products into the metaverse in the form of NFTs via the Sandbox marketplace, as well as creating branded experiences within the OliveX owned “Dustland” within the Sandbox.
The Sandbox is a leading decentralised virtual real estate and gaming world from Animoca Brands and has partnered with globally significant brands and Intellectual Property (IP) including Snoop Dogg, Steve Aoki, Adidas & The Walking Dead.
Andy Hall, Director and Head of Commercial for OliveX, commented on the new partnerships, saying: “This agreement with three fantastic, forward-thinking and engaging brands is another critical step forward as we continue to build the fitness metaverse.
“While developing blockchain fitness games and investing in the blockchain gaming space is critical to our business, another pivotal aspect to our strategy is to assist globally significant brands such as these in migrating their products to the metaverse.
“We’re delighted to have them on board and we cannot wait to bring them on this fast-moving and exciting web3.0 journey with us.”
TRIB3 is no stranger to the world of cryptocurrency with it’s latest franchised location in Madrid – the fourth TRIB3 store to come to the city – paid for in cryptocurrency Bitcoin. The metaverse is the logical next step for the boutique fitness studio brand, utilising the experts at OliveX to bring their studios, brand and products to life in the non-physical world.
Gym Aesthetics, the fashionable and dynamic German fitness apparel brand which appeals to both the aesthetics and functional needs of its customers worldwide, will become the first sports clothing brand to feature within the OliveX fitness metaverse, a landmark decision for the forward-thinking brand, turning their clothing and apparel into NFTs for purchase with The Sandbox.
PlayInnovation’s trademarked products and games will be brought to life in the digital world, allowing users of The Sandbox to explore and virtually play and interact with products such as Street Snooker, Crossbar King and Street Cricket among others. This groundbreaking partnership will also transport one of the world’s most innovative and influential football freestyler, TV presenter and PlayInnovation ambassador John Farnworth into the Fitness Metaverse. World-record holder with countless world and european titles under his belt John has been at the forefront and top of the freestyling world for a number of years. His talent and likeability have earned him a global fan-base as well as being invited to perform at events such as the Champions League Final.
Users will be able to visit the OliveX-owned 12×12 parcel of LAND and Social Hub which will include a marketplace for the three partners trademarked NFTs and provide a digital space for branded content experiences. NFTs used within the Sandbox will provide players the ability to enjoy their rewards across a wider range of games, including utility within the wider OliveX ecosystem including Dustland Runner and Dustland Rider.
Playinnovation, John Farnworth and OliveX will be working together over the next 18 months to launch Playinnovation’s products into the Metaverse to drive an ROI and encourage more people to become active. John Farnworth will also use this as a platform to perform and inspire.
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Gotion High-tech’s operating profit up 391% in 2023, nearly RMB 2.8 billion invested in R&D for the year
HEFEI, China, April 20, 2024 /PRNewswire/ — On the evening of 19 April, Gotion High-tech (002074) released its 2023 annual report. The company achieved operating revenue of RMB 31.605 billion, an increase of 37.11% YoY; operating profit of RMB 975 million, an increase of 390.92% YoY; and net profit attributable to the owner of the listed company of RMB 939 million, an increase of 201.28% YoY. The company’s net cash flows from operating activities was RMB 2.419 billion, up 201.86% YoY.
On the same day, Gotion High-tech also released its 2024 quarterly report. The company achieved revenue of RMB 7.508 billion, a YoY increase of 4.61%, and net profit attributable to the owner of the listed company after deducting non-recurring profits and losses increased by 195.26% YoY.
The report shows that Gotion High-tech’s product delivery exceeded 40GWh in 2023, with a YoY growth of more than 40%, and sales revenue including tax increased by more than 50% YoY under the situation of continuous decline in battery prices. Power battery sales revenue of RMB 23.051 billion, a YoY growth of 24.72%. Energy storage business revenue was RMB 6.932 billion, up 97.61% YoY, with the revenue share rising to 21.93%.
Gotion High-tech adheres to innovation drive, increases R&D investment, and accelerates product technology iteration. In 2023, the company’s R&D investment reached RMB 2.768 billion, a YoY increase of 14.57%. The company’s Unified Cell, 4695 cylinder cell, semi-solid punch cell and third-generation battery cell products such as L300, M600 and N300 have been recognized by the market for their excellent performance in terms of safety, energy density, power performance and service life. Among them, Gotion has been designated by Volkswagen Unified Cell globally; the energy density of the in-house developed Astroinno battery pack reaches 190Wh/kg.
In addition, Gotion High-tech continues to deepen the strategic layout of globalization. With four Pack plants in Germany, Indonesia, Thailand and Silicon Valley of the U.S. launching their products, and production bases such as in Vietnam, Chicago of the U.S., Michigan of the U.S., Slovakia, Argentina, and Indonesia progressing step by step, Gotion High-tech initially formed the layout of ten overseas bases covering materials, cells, and Pack, and realized localization of production and R&D. In 2023, Gotion achieved overseas revenue of RMB 6.428 billion, a YoY growth of 115.69%.
View original content:https://www.prnewswire.co.uk/news-releases/gotion-high-techs-operating-profit-up-391-in-2023–nearly-rmb-2-8-billion-invested-in-rd-for-the-year-302122659.html
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