SportsHero Limited announced that it has executed a 12 month binding terms sheet Nanchang Virtual Reality Detection Technology Co Ltd. for the joint development of a world first virtual reality esports prediction platform (Platform). The Platform to be designed and developed (using SportsHero's proprietary live predictor and prediction platform technology) will allow users to view esports tournaments live through a virtual reality headset giving users a real-life stadium experience. This unparalleled user experience will enable users to completely immerse, engage and interact within the metaverse. Users will be able to place and discuss live predictions, view Sportshero's live predictor in real time, chat within their communities and view live betting odds. In accordance with the partnership, the parties have agreed to the following: to co-develop a virtual reality esports prediction platform that can be viewed in virtual reality across multiple headsets to esports viewers; SportsHero to provide its proprietary live predictor and prediction platform technology; Nanchang to provide its virtual reality software and hardware development capabilities and know how to develop the Platform; both parties to jointly fund the development of the Platform and if agreed by both parties, additional third-party funding for the development of the Platform may be sought and secured; during the scoping stage of the Platform, the parties will use best endeavours to collaborate, develop and execute a multifaceted business development strategy for the launch of the Platform; and SportsHero will make available the services of its newly appointed Head of Esports in China, Ms Sherry Chen, to provide access to her Chinese network, which includes game publishers and esports streaming networks.