Magic Johnson, the basketball great turned business mogul, invested in SimWin Sports, a digital sports league with teams owned by sports stars and celebrities, and purchased football and basketball franchises. Penny Hardaway, Jerry Rice, Marshall Faulk, LaMelo Ball, and Mike Singletary are also owners.
Johnson is thrilled to be a part of SimWin, which is setting trends in one of the hottest new business sectors and has a great team leading the way. It's a multi-billion-dollar business that's about to take off, and the SimWin model is a great way for sports fans to get involved. Looking forward to contributing to its success.'
This announcement isn't so interesting, however. Interesting is that Johnson is investing in a new and growing trend: a mashup of gaming, sports, web3, and metaverse.
The eSports league is based on proprietary Web3 technology, which isn't just a game. 'Each owner of a player has a unique business opportunity, sharing in multiple league revenue streams, earning salaries, performance bonuses, fantasy sports, and secondary market revenue,' says the company.
The crypto bubble has burst, and the blossom has fallen off NFTs for now, but the philosophies and technologies that drive web3 might just be getting started.
We are attempting to create something that, like SimWorld from earlier decades, is simultaneously fun to play and strategic, combining concepts from sports, eSports, fantasy leagues, and gaming.
Simon uses artificial intelligence technology to allow digital athletes to progress over the course of the season -- with atrophy, and hot and cold streaks -- and to progress throughout their careers.
This, the company asserts, generates 'the most accurate simulation of traditional sports' while also unlocking revenue opportunities in the form of hard cash and allowing users to create and own the next 'meta sports superstar.'
As a black entrepreneur, Magic has inspired people of all races, but especially as a transcendent superhero, said David J Ortiz, Founder and CEO of SimWin Sports.
With his assistance, SimWin Sports is building a sports metaverse that delivers Showtime to sports fans 24/7/365, so they don't miss out on anything.'
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