Portuguese startup RealFevr is now primed for further international expansion after securing funding during difficult bear market conditions.
Boost to Video NFT Platform
RealFevr has closed a Series A+ funding round worth €10 million and has been given a valuation of €60 million. The funding round led by VCs ADvantage, Semapa Next, Shilling, and others, reinforces the project’s ability to push through the bear market and build a broader audience.
The Portuguese startup plans to use the funds to help grow its video NFT platform which already possesses gameplay NFTs of world-famous players like Cristiano Ronaldo, Iker Casillas, Zlatan Ibrahimović, and Ronaldinho. The RealFevr team posted a Medium blog on Oct. 31, outlining how the project plans to begin using the fund.
The blog outlines four key areas of investment:
- Team growth and office expansion
- Increase the digital intellectual property (IP) owned by RealFevr
- Further game and ecosystem development, like the Trading Moments Game and the Fevr Battle Arena
- Bootstrap new marketing campaigns and branding initiatives
“Being at the forefront of innovation in such a competitive and highly technological market, we are determined to remain bold in one of the most transformative markets we have ever seen in our lives. Our team is proud and excited about the new products we are building. The most satisfying thing is that we have now created the opportunity to expand our structure explosively, and we will definitely live up to the responsibility,” founder Fred Antunes told Mariana Coelho Dias of Dinheiro Vivo.
The €10 million is a boost to the ambitions of RealFevr. One of the few drawbacks to the project early on has been its focus on Portuguese-centric IP and players. The project can now focus on further international expansion and look to become more than just a Portuguese start-up.
What is RealFevr:
RealFevr was established in 2015 in the fantasy markets with a football fantasy league game with over 2 Million downloads on iOS and Android. The protocol is now releasing the first-ever Football Video NFTs Marketplace, powered by BNB Chain. The protocol uses their $FEVR token as a Web 3.0 gateway to football’s greatest moments. The protocol is also a lending and borrowing protocol for fans to buy, sell, and profit from their collectibles.
Where to Find RealFevr:
Source : bsc.news
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