BAYZ invests $500K in MetaSoccer in bid to boost ‘metaverse’ adoption in sports industry

YEREVAN (CoinChapter.com) – BAYZ, a São-Paulo-based Web3 gaming company, has invested $500,000 in MetaSoccer, a metaverse-based soccer gaming platform.

As a part of the deal, BAYZ will help fund the development of MetaSoccer’s ecosystem. Additionally, the company will assist virtual reality soccer by bringing content creators on board.

Meanwhile, MetaSoccer will reciprocate by in-game integrations, such as placing logos on players’ attires. The Metaverse platform will also provide a suite of in-game assets, including a leading group of competitive athletes that will be made available to the BAYZ community.

Also read: American Football legend Tom Brady apes into the Metaverse with a $450K Bored Ape Yacht Club NFT.

Sports in the Metaverse

Notably, the integration of sports into the Metaverse started in Q3-Q4 2021 and continued into the current quarter.

MetaSoccer was not the only sports platform making headlines lately. At the 36th annual Game Developers’ Conference (GDC) in San Francisco on Mar. 23, SportsIcon, a sports-devoted NFT Marketplace, launched Sports Metaverse.

The latter allows users to trade NFTs, buy and develop land, interact with “iconic sportspeople in 3D,” and visit stadiums in the virtual world. “For the first time in history, the biggest sports stars, brands, and clubs are together in one place,” read the announcement. Companies like Sony, Doom, Playstation Home, and Nvidia facilitated the launch.

Also read: Binance hops on crypto sports trend, become official sponsors of AFCON.

Notably, the NFTs include various sports merchandise and masterclasses offered by leading sports icons. For example, Belgian soccer player Romelu Lukaku, the striker for Premier League club Chelsea, gives insights into his experience and the “secrets of his training success.”