Lootmogul Was Reported As One Of The Top Metaverse Projects By Web3studios

LootMogul has been listed as one of the top metaverse projects by the market research report conducted by Web3Studios (W3s) and reported by Venturebeat. The market survey by Web3Studio also suggests that the economic value of the sports metaverse is expected to grow by $80 billion by 2030.

Web3 Studios (W3s) is a financial advisory and investment company specializing in web-based businesses and digital assets. They deliver quality market research after deep research on metaverse, web3, and crypto.

The study draws an intriguing picture of the contexts in which digital technology, ranging from digital collectibles to digital esports, might increase fan engagement. The survey has given a detailed overview of the current market and a forecast for the future. This report also talks about how generations are changing the way people pursue sports. Sports were viewed as recreational and competitive events by a small number of people, with little or no engagement. But as generations pass, young minds are trying to find numerous methods to interact more, like contests, events, reviews, and more. Moreover, now any live sport can be seen from different parts of the world, and even live chats are enabled for like-minded people to share their opinions.

At this pace, it is crystal clear that the metaverse will soon spread its hands to all industries like sports, fashion, entertainment, and more. Many well-known companies and projects have started solely for metaverse integration into fashion, sports, lifestyle, and more.

When we consider sports, they have played a major role in our lives from the beginning. It acts as a medium to connect, relax, and bond with friends, family, and even strangers. Even though these days, most of us are running away from physical contact and being in our own world, when it comes to sports, people enjoy themselves with their loved ones. Hence, sport is an integral part of us. Apart from the connections we receive through sports, it also gives us a peaceful mindset. Accordingly, preserving and improving sports is also very important. We, as one of the leaders in the sports metaverse industry, are trying to turn this dream into reality.

Raj Rajkotia, CEO of LootMogul talks about how LootMogul is stepping up, “As a leader in Sports Centric metaverse created by athletes for athletes, LootMogul’s goal is to provide tools to both athletes and sports brands for engaging with fans in the most simplistic manner without the complexities of blockchain and wallets while ensuring full transparency and accountability. Web 2.5 approach to onboard sports fans into Web 3.0 and the metaverse economy through athletes, brands, and tangible benefits is a key differentiator for LootMogul.”

Here, in LootMogul, we are connecting fans and athletes together in the metaverse, where they can engage, interact, learn, and play together. Athletes and fans gain a new role in their favorite sports in this manner. The engagement of the fans will increase, which will drive many unknown fans to the ground. For sports personalities, these can be a way to finally get to know their hardcore fans, a new revenue path, and even a newfound career. Multiple possibilities can be foreseen in the future for the metaverse and sports.

Apart from the marvelous experience through LootMogul, fans can learn, earn and contribute, they can participate in interactive games, events, training sessions, and yoga studios & can all own, trade, rent, or lease assets inside LootMogul Metaverse. They can also shop for their favorite merchandise at MetaStores.

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