Magic Johnson invests in Metaverse Gaming Mashup of Sports, eSports, Gaming, Web3
The big basketball player who has become a Magic Johnson business tycoon invested in Simwin Sports, a digital sports league from teams with owners of sports and celebrities stars, and bought a football and basketball franchise in Simwin. Other owners include Penny Hardaway, Jerry Rice, Marshall Faulk, LaMelo Ball and Mike Singletary.
“I’m so excited to be involved with SimWin, which is leading the way in one of the hottest new industries and has a great team leading the charge,” Johnson said. “This multi-billion dollar business is about to take off and the SimWin model is a great way for sports fans to get involved in this groundbreaking opportunity. I look forward to contributing to its growth and success.
That’s not what’s interesting about this ad, though. What’s interesting is that Johnson is investing in a growing new trend: a mix of games, sports, Web3 and metaverse.
According to Simwin, the Esports League is “built on owner web3 technology”, which is not just a game. “Each player of a player presents a fun and unique commercial opportunity, sharing several sources of income from the League, winning salaries, performance bonuses, fantasy sports and secondary market revenue,” the company said.
Crypto has crashed and the bloom is over for now, but the philosophies and technologies driving Web3 may be just getting started. And mixing those with concepts of sports, e-sport, fantastic leagues and games is an attempt to build something that, as Simworld from previous decades, you can both play and develop strategies.
While potentially creating value and generating revenue.
Simwin uses an “IA player performance model, allowing each digital athlete to develop throughout the season – with atrophy and hot and cold sequences – and to develop throughout his career”, explains the society. This, according to the assertion, generates the “most precise simulation of traditional sports” while opening up income opportunities – in sound and stumbling money, according to the company – and by offering the possibility of creating and having the next “Super” star of meta sports”.
“Magic has inspired as a transcendent superhero for people of all races, but especially as a black entrepreneur,” David J Ortiz, founder and CEO of Simwin Sports, said in a statement. “With its help, SimWin Sports is creating a sports metaverse that will bring Showtime to sports fans 24/7/365, so they never miss the action.”