In what will be a week full of announcements, especially with a Portuguese flavor, first up are fantasy football leagues, a trading moments app and a video NFT marketplace RealFevr with the announcement of a €10 million funding round. According to the Lisbon-based organization, the ten million will be used for further international expansion efforts and the acquisition of new intellectual property rights. As of January 1, 2018, RealFevr has raised €15.4 million.
With a global ambassador and shareholder Bruno Fernandez on board, RealFevr’s €10 million funding round was led by ADVANTAGEfeaturing Semapa Next, Shilling Capital Partnersand several undiscovered soccer stars.
Whereas just a month ago our friends at Bloomberg reported of the massive 97% drop in NFT trading volumes since the start of this year, from $17 billion to just $466 million from January to September, and Liverpool FC catastrophically dive into the world of NFT, 95% of the collection remained unsold, it’s an interesting time to come out of the gates with a €10 million funding round. Granted, these deals take months, but still.
When looking at the £1.125m in revenue that Liverpool actually collected, as opposed to the £8.5m that was predicted, it is perhaps better to frame RealFevr’s argument in terms of sales. According to the company, “All NFT collection packs to date have sold out in less than 24 hours, with over 145,000 packs sold,” and include players such as Bruno Fernandes, Cristiano Ronaldo, Iker Casillas, Zlatan Ibrahimovic, Angel Di Maria, Ronaldinho, Eric Cantona, Totti, Ruben Diaz and others.
“Given the actual market characteristics as well as the global economic and political challenges, securing €10 million reinforces the vision we all share, as a team, for RealFevr,” commented RealFevr CEO To the Point Fred Antunes. “Being at the forefront of innovation in such a competitive and high-tech market, we are determined to remain bold in one of the most transformative markets we have seen in our lifetime.”
With more than a few sports-related Web3 startups all vying for a piece of the pie, ADvantage’s Jeremy Pressman commented, “we’ve seen our fair share of startups building products at the intersection of sports and Web3. What immediately stood out about the RealFevr team was not only their deep expertise in the Web3 and blockchain spaces, but also their focus on and understanding of what it takes to build a community.”