Former soccer gamers Shaun Wright Phillips and Jordan Stewart have bought land within the sports activities metaverse. Philips will look to make use of the house for occasions and show his NFTs.
“This is the new frontier when it comes to sports. The metaverse and owning a piece of it, is about interaction and co-creation – watching live sports with friends all around the world, hanging out with friends, and buying and selling NFTs are some of the things I’m looking forward to doing here,” Philips mentioned.
In addition to Philips, 4 corporations have already pre-bought land within the sports activities metaverse, together with Phat Fantasy, Own the Moment, ThriveFantasy, Press Sports, and Beyond The Game Network.
“I still remember the goal that Philips scored against Manchester United in 2004, and Stewart has had a career here in the UK and the USA. What strikes me the most about these two is their interest for Web3.0, communities, and the interaction with athletes that the sports metaverse will give to consumers,” Alexi Yovanoff, co-founder and COO, SportsIcon, mentioned.
According to a press launch, buyers see the potential in metaverse to hire a digital house for events with sports activities stars, non-public lodges to view sporting occasions in digital actuality (VR) stadiums, or provide key manufacturers an area for sponsorship appearances. The press launch claimed that early buyers are already making tenfold, million-dollar earnings. As per insights from a analysis by Grayscale Research, the returns are anticipated to proceed to develop and annual revenues for the metaverse will stand at $1 trillion, with $400 billion for gaming worlds alone.