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dotmoovs Secures $840,000 For Its Competitive Blockchain-based Sports Venture

2 Mins read

The Non-Fungible Token industry continues to fire on all cylinders.

cryptodaily.co.uk

As the overall number of sales increases and more competing platforms hit the market, there are new incentives to explore these offerings. NFT Platform dotmoovs has raised $840,000 in private funding to bolster its platform.

Why dotmoovs Is Different

There is a growing interest in Non-Fungible Tokens and the associated service providers. Dotmoovs, powered by advanced computer vision algorithms, is one of the platforms recently completing a private funding round. As the dotmoovs team will focus on the sports industry, there are numerous opportunities to unlock in the future.

One of the primary selling points of NFTs is how they can bridge the gap between physical and geographic limitations, assessment of skill, and introduce new monetization methods. Building a comprehensive and competitive sports platform to let users challenge their friends or players of similar skill can bring people from all over the world together in a meaningful manner.

dotmoovs head of growth Ricardo Martins Costa adds:

“We are proud to have such notable investors joining us in building the first crypto mobile worldwide sports competitive environment. We know they can boost our growth and provide industry specific insight and knowledge which will be a deciding factor for us. Our vision is a robust platform powered by blockchain and a state-of-the-art AI system that can analyse videos of players performing sports challenges in real-time.”

Combined with a strong focus on mobile and global competition, dotmoovs can successfully unite sports fans worldwide to compete with one another. The platform’s AI-based video referee can assess performances in real-time. With the help of blockchain technology, everyone can assess the results fairly and transparently.

Successful Private Funding Round

The vision by dotmoovs has attracted attention from numerous investors. An $840,000 funding round has been completed successfully. Prominent investors include Moonrock Capital, Morningstar Ventures, Rarestone, AU21, Ascensive Assets, and others. Moonrock Capital and Morningstar Ventures intend to incubate the dotmoovs project and offer assistance along the way.

This close-knit collaboration between the incubators and the project’s team will help foster the growth of this NFT platform. It is not easy to combine sports, blockchain, and NFT to foster future growth. There are numerous opportunities to explore in the NFT space, and the sports industry is a multi-billion dollar industry. Following the success of ventures like NBA Topshot, it is evident there is a market for sports, NFTs, and blockchain technology.

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