Commenting on the portfolio, Metavesco CEO, Ryan Schadel stated, "The company has been purchasing OthersideMeta "deeds" as the trading prices have come down with the broader crypto related market. As this project continues development, I believe it will set the bar for all other metaverse platforms. This is the first major NFT project to incorporate Dynamic NFT's, Non-Fungible Tokens that change based on actions and interactions, that will enable an interoperable environment for gaming, development, socializing, and content creation. While NFT's are commonly associated with art or profile pictures, that association does the technology behind NFT's a disservice. This project is the epitome of web3. The company is positioned to literally own part of the virtual environment that can be built upon, licensed, traded, or even leased."
What is Otherside?
From the Otherside website:
"Otherside is a world-building platform that provides an exciting environment to play, create, compete, connect, and explore together. Initially, users will experience Otherside through a narrative gameplay experience (aka The Voyager's Journey) co-developed by Yuga Labs and Improbable and based on the technology from M². In the future, we look forward to seeing what new experiences and games our community can create to expand the possibilities of the metaverse. The tools and utility of Otherside will be continually and iteratively shaped by the participation and needs of our community. In Phase 1, only Otherdeed holders (aka Voyagers) and selected third-party developers will be able to participate and contribute to the first stages of the platform's features and uses."
Metavesco is a publicly traded web 3 enterprise. The Company generates income as a liquidity provider and invests in promising NFT projects and virtual land, primarily on EVM protocols.
Safe Harbor Statement
This press release contains statements that constitute forward-looking statements. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is included in the Company's filings on sec.gov.
SOURCE: Metavesco, Inc.
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