[PRESS RELEASE – Singapore, Singapore, April 2nd, 2024]

Ethlas, a trailblazer in the Web3 gaming industry, announces the groundbreaking SkillFi model alongside its flagship game, Battle Showdown: Gambit. The game is set to empower players to monetize their skills, fostering a sustainable economic ecosystem within the game.

The Gambit Ecosystem

Battle Showdown: Gambit introduces a unique economic model that unites players with their Patrons (Bit holders). Players are rewarded proportionally based on their in-game performance, ensuring top skills translate to real-world value.

Concurrently, Bit holders can invest in players by acquiring Bits and share in their success through a profit-sharing mechanism. This emphasis on player empowerment redefines their role within the Web3 gaming landscape.

The Gambit ecosystem consists of:

• Battle Showdown: Gambit mobile game, with high-stakes gameplay across multiple game modes and a cash in/out system for players;
• The Gambit portal, with Bits trading and analytics dashboard for Bit holders.

The SkillFi model

Fractionalized Ownership: Users can invest in promising players by acquiring fractions of player Bits. This approach enables a profit sharing mechanism, allowing gamers to share their success with Bit holders.

Bits Trading: A dynamic Bits Trading marketplace empowers Bit holders to become talent scouts, identifying and investing in promising players. By trading player Bits, Bit holders can build a diversified portfolio and potentially reap significant rewards based on player performance.

Analytics Dashboard: A comprehensive dashboard to analyze player performance, earnings, and trading history.

Roadmap

Ethlas is committed to continuously developing the SkillFi experience with an exciting roadmap ahead:

• Phase 1: Gambit Point System (Live Now) – The current portal allows users to accumulate points and multipliers, climb the leaderboard, and qualify for upcoming airdrops.
• Phase 2: Bit Trading (Coming Soon) – The highly anticipated Bit trading marketplace will launch, allowing Bit holders to speculate on potential skilled players.
• Phase 3: Game Launch (Coming Soon) – The official launch of the first Gambit game, a thrilling shooter experience available for download on both iOS and Android devices. This phase unlocks the full potential of SkillFi, with comprehensive Bit trading functionality and in-depth player analytics.

About Battle Showdown: Gambit

Website: https://battleshowdown.com

Whitepaper: https://whitepaper.battleshowdown.com/

Twitter/X: https://twitter.com/BSD_gambit

Discord: http://discord.gg/bsd-gambit

About Ethlas

Founded by a team of tech veterans with experience at Google, Microsoft, IGG, Airbnb, JP Morgan, Citi, Grab, and more, Ethlas is headquartered in Singapore with remote offices globally.

Ethlas began its journey as a successful blockchain gaming platform, acquiring 1 million users in just 3 months. Recognizing the growing need for robust security solutions in the space, the company also developed FailSafe, a market-leading anti-fraud technology, solidifying their commitment to trust and accessibility in Web3.

Ethlas is backed by Sequoia Capital, Makers Fund, Dragonfly Capital, Yield Guild Games (SEA), Infinity Ventures Crypto, Global Blockchain Innovative Capital, and executives from Coinbase, CoinMarketCap, Spartan Group, Hashed, and Grab.

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