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KUALA LUMPUR, Malaysia, Jan. 20, 2023 /PRNewswire/ Footiverse, a football fantasy league metaverse, has recently marked its entry into the NFT space with the launch of the FootiverseNFT collection on new year's eve. A utility-driven NFT, Footiverse seeks to create a sustainable NFT ecosystem driven by the continuous addition of features and practical perks, rather than solely through hype alone. In furthering this mission, Footiverse aims to launch its Game-fi (the intersection of gaming and finance in an environment driven by use of blockchain and NFTs) platform in Q3 of 2023. A digital asset that lives on a blockchain, NFTs are popular for their uniqueness and community-empowering nature. While incentivisation and popularity can greatly increase the value of hype-driven NFTs, this also means that theygenerally have an extremely short lifespanin comparison to their web2.0 counterparts - becausethey run on the unsustainable resource of hype. The emphasis of hype in marketing and

Kuala lumpurCalvin leongPrnewswire footiverseFootiverse dream coachJan 20023 prnewswire footiverseA football fantasy league metaverseAs recently marked its entry into the nft space with launch of footiversenft collection on new year 39s evea utility drivenOotiverse seeks to createa sustainable nft ecosystem driven by the continuous addition of features and practical perksAther than solely through hype alone in furthering this missionOotiverse aims to launch its game fi the intersection of gaming and finance in an environment driven by use blockchain nfts platform q3 2023a digital asset that lives onaFts are popular for their uniqueness and community empowering nature while incentivisation popularity can greatly increase the value of hype driven nftsHis also means that theygenerally have an extremely short lifespanin comparison to their web2 0 counterparts becausethey run on the unsustainable resource of hype emphasis in marketing and value createsa void thought given long term planning buildinga thriving nft ecosystem community for instanceHile the average holding period for nfts increased from 30 9 days to 47 between q1 and q2 2022 this is stilla relatively low when compared tomore traditional investments such as stocks thathave an of 5 months footiverse aims reach parity redefine asa long term investment by making their value less reliant on hype cycles market fluctuations quot 39s mainstrategy maximiseuser engagement through gamifying web 3 gaming opens up new opportunities with play earn systems further incentivise user activity howeverAny web 3 games use predatory practices such as locking rewards and progression behind hours of playing to produce artificial activity demand counter thisOotiverse instead focuses the bulk of its utility and value to be generated passively with simple