NFTs are already gaining popularity inside the sports activities world and plainly there might be no stopping it. The most recent NFT sports activities growth comes as RealFevr, an NFT and fantasy sports activities app, has introduced a €10 million funding spherical. This brings the overall funding raised by the corporate since its inception to €15.4 million.
This spherical noticed participation from corporations like Semapa Subsequent, Shilling Capital, and Companions. As per studies, RealFevr plans to make use of these funds to amass extra IP rights and increase internationally.
The previous few months have seen much more sports-focused NFT projects come to gentle. And these haven’t been restricted to soccer alone. From basketball to baseball, we’ve seen all types of leagues and groups launch web3 initiatives. What makes this much more spectacular is that many of those developments have occurred throughout a crypto winter that many critics have declared the top of the NFT area.
This was touched on by RealFevr CEO Fred Antunes in an announcement concerning the funding spherical and what it means.
“Given the precise market traits in addition to worldwide financial and political challenges, securing €10 Million reinforces the imaginative and prescient all of us share, as a group, for RealFevr,” he mentioned.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on websites like BTCmanager and Blockchain Reporter. She has a level in Company Communications.