On October 16, 2024, 180 Life Sciences Corp. (NASDAQ: ATNF), a Delaware-incorporated company, filed a Form 8-K report with the SEC, announcing a press release containing a letter to shareholders from Interim CEO Blair Jordan. The letter outlines the company's strategic entry into the online gaming industry through a newly acquired blockchain-based gaming technology platform. This platform is designed to support B2C online casinos and future B2B models, offering advanced features such as blockchain casino operations back-end, seamless exchange technology, blockchain API technology, player account management, loyalty systems, and affiliate tracking systems. The company aims to leverage this technology to establish a presence in the global iGaming market, which is projected to reach $133 billion by 2029. 180 Life Sciences Corp. is evaluating potential...Show More

On October 16, 2024, 180 Life Sciences Corp. (NASDAQ: ATNF), a Delaware-incorporated company, filed a Form 8-K report with the SEC, announcing a press release containing a letter to shareholders from Interim CEO Blair Jordan. The letter outlines the company's strategic entry into the online gaming industry through a newly acquired blockchain-based gaming technology platform. This platform is designed to support B2C online casinos and future B2B models, offering advanced features such as blockchain casino operations back-end, seamless exchange technology, blockchain API technology, player account management, loyalty systems, and affiliate tracking systems. The company aims to leverage this technology to establish a presence in the global iGaming market, which is projected to reach $133 billion by 2029. 180 Life Sciences Corp. is evaluating potential acquisitions in the iGaming industry, although no targets have been confirmed. The company's commercialization strategy includes technology transfer, business strategy development, technology review, front-end development, game evaluation, licensing, and marketing plan development, with a goal to have the first online casino operational by the end of Q1 2025. The company acknowledges the need for significant funding to commercialize the platform and is considering raising this through debt or equity funding. The press release also contains forward-looking statements regarding the company's plans and prospects in the iGaming sector.