In the midst of an uncertain times in the virtual digital asset universe, brought on by the phenomenon of the “crypto winter”, surprisingly, the Women’s National Basketball Association’s key player, Alex Bentley has reportedly invested $40,000 in digital real estate in the metaverse of LootMogul.
Alex Bentley, a star basketball player, who is no stranger to making headlines has often professed her interest in digital assets. The 31-year-old is now steadily building her financial portfolio and securing her future, with prudent purchases in the virtual digital asset space.
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This purchase comes as a shock to many, as most industry experts and speculators warn of a persistent financial drought. However, it may be a wise investment to hold assets in a bear market, and fully reap its benefits in a bullish setting.
What is the Metaverse?
It is important to note that since the slow dying down of the crypto-wave, digital assets such as NFTs and Metaverse have gained prominence. The latter especially has gained immense popularity this past year, but what exactly is it?
The Metaverse is an expanded version of the Virtual Reality world, but with a slightly altered, three-dimensional aspect to it. The metaverse is basically a duplication of the actual, physical world in a digitized format, allowing users to replicate real-life aspects into computerized simulations that feel life-like.
Most metaverse users who have studied the platform in great detail are drawn to its easy access, naturality and infinite possibilities that it harbours. The Metaverse is an intersection of technology with the physical world, creating a web-like universe, which feels almost real.
The Metaverse has been increasingly economized and has been of great corporate interest. Big tech companies like Facebook have successfully capitalized on the Metaverse wave and have amassed a dedicated user fanbase. It has also emerged as a point of sale and promotion, with big retailers marketing their goods and services to Metaverse users, deriving another stream of revenue.
The LootMogul Metaverse
LootMogul, too, is an up-and-coming Metaverse platform that drives a majority of its traffic and clout from influencers, content creators, athletes and other celebrities. While it does not get the same amount of traction as Facebook’s Metaverse does, readers will be interested to know that it is pegged to be one of the forerunners in the space.
Interestingly, Bentley with her investment has now gained access to various sports-related digital assets within the Metaverse, such as playing areas, seats and ad spaces. A LootMogul representative also expressed that her investment has also allowed her unlimited access to related NFTs and other real-world advantages, that will catapult her financial position even further.
LootMogul’s Future Prospects
On her part, Bentley also recently commented on her decision to invest in LootMogul, and as a Metaverse player, is keen to truly reap the benefits the expanded simulation-based world has to offer.
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Additionally, LootMogul also has plans of expansion in the Web3 space, by allowing users and sports-lovers to interact in the Metaverse by using various subscription and reward-based packages, coupled with NFT advantages.
LootMogul has also stated that their various partnerships with different athletes spanning several sports associations in the industry, nearing trillion dollars in its valuation, has catapulted their drive to succeed.
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