Investor Spotlight: ParaFI Capital
We are glad to announce that ParaFI Capital is one of our VC partners that will help the creation of this entire soccer universe that we will deliver to our community.
Here is the summary of an interview with Mika Honkasalo, Technical Researcher of ParaFI Capital, in which he explain the reason why he invested on MetaSoccer, and also his predictions about Crypto market and NFT in general.
Please introduce your fund
ParaFi is a crypto investment firm focused on DeFi and the NFT/metaverse space. We are crypto-native and are hands-on when it comes to protocol governance, token economics, and product development. We are personally users of all these products and have seen how they’ve developed over the past years.
ParaFi invests across the industry — from early-stage DeFi projects to technical infrastructure and later-stage in some of the largest companies in the space.
Why did you decide to invest in MetaSoccer?
We were really impressed by the team’s expertise in gaming and how they’d adopted concepts from crypto/NFTs to enhance the gaming experience. In crypto, we’ve often see gaming take a backseat to the financial aspects, but in MetaSoccer we saw excellence in both.
Football manager games are familiar to many of our team members and our first thought was that we are excited to play MetaSoccer ourselves.
What are your current predictions for the NFT and crypto markets in 2021–2022?
The NFT market is in many ways going through its ICO phase — with a lot of excitement but often more hype than substance. Similar to DeFi, many of the best projects are being built today and the infrastructure is being laid out for future projects.
Scalability improvements (among alternative blockchains and L2s) should give blockchain-based applications the opportunity to reach millions of daily active users. To date, especially DeFi, is often too expensive for the average retail user and e.g. gaming use cases are difficult to build on the existing stack.
How do you think MetaSoccer can disrupt the soccer and gamefi market?
In many ways, MetaSoccer can bring much of the financial aspects of running real-world football clubs to the metaverse — whether it be trade markets for players, sponsorships deals for teams/arenas, or even the fan spectator experience.
NFTs and blockchain technology makes this experience for players a truly global market with interoperability with the rest of DeFi and metaverse applications.
What are you going to name your MetaSoccer club?
Since there are many football enthusiasts on the team, I could probably persuade us to start a club under the ParaFi name — that would be cool.
About MetaSoccer
MetaSoccer is the first blockchain-based soccer metaverse where users can create their own club and generate income while playing (Play-to-Earn).
A whole soccer ecosystem where users can participate full-time as club owners or managers while having fun and generating income. MetaSoccer embraces multiple revenue streams such as: NFT asset drops, fees from different transactions across the ecosystem (marketplace sales, betting, token swap…), sponsorships and broadcasting.
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