Connect with us
Prague Gaming & TECH Summit 2024

Blockchain

Web3 Studios reports LootMogul as one of the top sports metaverse

Published

on

 

LootMogul is listed as one of the top sports metaverse projects. As researched by web3 Studios and reported by VentureBeat, this vertical is expected to grow exponentially to $80 billion by 2030.

web3 Studios (“w3s”) is an investment banking firm exclusively focused on companies building the open economy. Founded by Blackstone and McKinsey alumni, W3s mission is to establish institutional-grade financial services in the web3 world.

“The metaverse itself is a huge opportunity for the world to add a new layer of human interaction to society. For sports specifically, it could create access points and virtual experiences for new audiences. This is not mutually exclusive with the joy of physical interaction of sports, but rather an extension that will allow for more inclusion across the industry” – Web3 Studio Report

Raj Rajkotia shared how LootMogul is strategically positioned in the sports metaverse experience landscape – “As a leader in Sports Centric metaverse created by athletes for athletes, LootMogul’s goal is to provide tools to both athletes and sports brands for engaging with fans in the most simplistic manner without the complexities of blockchain and wallets, while ensuring full transparency and accountability. Web 2.5 approach to onboard sports fans into Web 3.0 and metaverse economy athletes, brands, and tangible benefits is a key differentiator for LootMogul.

In addition, Web Studios stated “We expect the economic value of the metaverse sports space to grow exponentially over the next 10 years. This is fueled by a rapidly growing consumer interest in new ways to engage with their favorite sports and teams, as well as sports stars’ positive attitudes toward new forms of monetizing their audiences. Big sports brands and investors recognize the potential that metaverse technologies bring to the areas of consumer engagement, retention, and monetization in sports and invest heavily in the space. While the metaverse sports space is still subject to high societal, legal, and technical uncertainty – we forecast the metaverse sports space may generate more than $80bn by 2030.”

Blockchain

CryptoBlox Technologies Inc.

Published

on

cryptoblox-technologies-inc.
Continue Reading

Blockchain

Zero Hash bolsters its ecosystem support with addition of Aptos blockchain

Published

on

zero-hash-bolsters-its-ecosystem-support-with-addition-of-aptos-blockchain
Continue Reading

Blockchain

Green Fintech Market Size – Global Forecasts to 2029

Published

on

green-fintech-market-size-–-global-forecasts-to-2029
Continue Reading
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE