- Summary:
- Portugal-based RealFevr game has recently raised €10 million in VC funding. We discuss how it intends to use the funds to power its mission.
The fantasy football app RealFevr, which has more than 2.5 million downloads and 1.2 million registered players, has just completed a new investment round in which it raised 10 million euros. ADvantage, a global sports investor, spearheaded the investment. Other participants included Semapa Next, Shilling Capital Partners, and a number of professional football players from around the world. With this cash, the team can move faster on its international expansion plan, which includes several launches and partnerships.
Understanding the RealFevr mission
Lisbon-based RealFevr was founded in 2015 with the goal of disrupting the Fantasy Leagues industry. Using cutting-edge digital tools and the decentralized nature of blockchain, it creates a new model for the NFT market in sports. Its economy is powered by the $FEVR token, and it has introduced the first video-based NFT marketplace for football. The group has quickly become a leader in the expanding blockchain, NFTs, and crypto-assets sector.
Both a beginner-friendly “classic” league and a more advanced “draft” league are available on the company’s platform. Users can also customize their fantasy sports experience by picking their own teams and competing using mobile apps.
Despite the recent dip in the price of cryptocurrencies, all of the game’s pack drops remain in high demand. Over 145,000 packs from the NFT collection have been sold in less than 24 hours since the packets were first released. RealFevr plans to use the fresh capital to accelerate its global expansion and acquire additional intellectual property rights. In addition, it plans to launch the first Trading Moments Game, FEVR Battle Arena, to the public in the coming weeks.
With the support of its thriving user base around the world, RealFevr has successfully processed more than a million smart contract transactions on the BNB Chain. Also, raising €10 million in the middle of a market slump is no mean feat and points to the game’s strong potential. Traditional TCG mechanisms will underpin the forthcoming FEVR Battle Arena game, which will also have a token economy designed by the developers.