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Seeking Alpha 2022-09-08 12:54:43

Enthusiast Gaming, Coinbase in pact to allow EV.IO players to earn crypto

Coinbase Global (NASDAQ:COIN) will become the preferred infrastructure provider to power Enthusiast Gaming Holdings' (NASDAQ:EGLX) portfolio of Web3-enabled games in a collaboration between the two companies, they said Thursday.The alliance is based on Enthusiast Gaming's (EGLX) EV.IO, a browser-based, first-person shooter game that allows users to earn cryptocurrency as rewards for in-game achievements.Coinbase (COIN), the cryptocurrency exchange, will provide developer tools, educations content, and community-building support for Enthusiast Gaming's (EGLX) games.Enthusiast Gaming (EGLX) shares have risen 4.8% in Thursday premarket trading, Coinbase (COIN) stock has slipped 0.4%.In August, EGLX posted strong Q2 sales and margins.

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