Wow! Magic Johnson Invests In Billion Dollar Sports Metaverse Business

Magic Johnson (Instagram @magicjohnson)

JAKARTA - Undeniably, the metaverse is also a reality in sports. This is evidenced by the fact that luminaries like Magic Johnson are willing to invest in it.

Yes, the Los Angeles Lakers legend is currently an investor in a promising new competition to become a multi-billion dollar business.

Johnson has acquired the American football and basketball franchise in the e-sports league, SimWin Sports. It is based on NFT (non-fungible token), which allows players to buy, sell and design.

The matches are then simulated and the owner can earn money in the long run.

"I am thrilled to be involved with SimWin, which is making its mark in one of the hottest new business sectors and has a great team leading the way," Johnson said.

"This multi-billion dollar business is about to launch and the SimWin model is a great way for sports fans to get involved in this groundbreaking opportunity. I look forward to contributing to its growth and success. Get ready for the Inauguration Draft Class NFT player drop is coming soon. I will probably drafting one of your players for my team."

NBA legends Tracy McGrady and Penny Hardaway, as well as Charlotte Hornets star LaMelo Ball, have also invested in SimWin. They were joined by NFL stars such as Jerry Rice, Marshall Faulk, and Mike Singletary.

"From every stage of his career, Magic has inspired a transcendent superhero for people of all races, especially as a black entrepreneur," said David J Ortiz, Founder, and CEO of SimWin Sports.

"His transformation from one of the most influential careers in the history of sport, to becoming a more successful business leader has inspired generations of minority entrepreneurs like myself. We at SimWin seek to follow in his footsteps as we build this highly innovative sports metaverse."