Vancouver, British Columbia — January 12, 2026 — Leads & Copy — VIP Entertainment Technologies Inc. (TSXV:VIP) intends to adapt BPT Token as the primary currency of its global gaming and entertainment platform, Alchemist Republic, according to a non-binding Memorandum of Understanding.
Under the MOU, BPT Token is intended to function as a utility token, serving as a core medium for payments, rewards, and access to various content and services within the Alchemist Republic platform. VIP aims to enhance user engagement and implement a Web3-enabled digital economy across its platform ecosystem.
BPT Token is currently listed and actively traded on the global cryptocurrency exchange Gate.io. By integrating an externally traded token as the platform’s base currency, the Company expects to establish an open, market-linked platform economy, moving beyond a closed, internal point-based system.
VIP expects to achieve the following strategic objectives through this initiative:
- Enhanced consistency across platform payment and reward systems
- Improved accessibility for global users
- A scalable economic infrastructure applicable to future game and content onboarding
The company plans to continue the phased enhancement of the Alchemist Republic platform, including platform renewal, onboarding of new games and content, and further Web3-oriented functionality. Updates on material developments will be provided through future disclosures.
Any definitive or binding agreement, if any, will be subject to further internal approvals and applicable regulatory requirements.
The BPT Platform represents an intersection of intellectual property and blockchain technology designed for the Web3 era. It transforms traditional patent development and sharing into an engaging, reward-based ecosystem through BPT tokens. The platform enables inventors, innovators, and interested parties to actively participate in patent-related activities, from sharing development processes to trading patent rights and creating patent-based NFTs. By tokenizing intellectual property and fostering a community-driven approach, the BPT Platform creates new opportunities for patent monetization while building a collaborative space where innovation is both rewarded and celebrated.
VIP Entertainment Technologies Inc. is currently undergoing a restructuring process under new management. The Company is focused on stabilizing its financial position, restructuring outstanding debt, and pursuing opportunities to enhance shareholder value.
VIP Entertainment Technologies Inc. is focused on developing and expanding its global digital content platforms, enhancing service offerings, and creating shareholder value through strategic partnerships and platform innovation. Under new management, VIP Entertainment Technologies Inc. is a Canada-based technology company focused on the global gaming and entertainment market, integrating platform operations, digital content, and next-generation Web3 technologies. The Company is committed to building sustainable digital ecosystems and user-centric platform experiences.
For further information, please contact:
Brian Shin,
Chief Financial Officer
bshin@preaknessgroup.com
Source: VIP Entertainment Technologies Inc.
