dotmoovs, a blockchain-powered sports platform, announced it had completed a private funding round of $840,000 from its investors.
The funding round saw the participation of various notable investors, including Spark Digital Capital, Ascensive Assets, Moonrock Capital, Building Blocks, Morningstar Ventures, Rarestone, AU21 and GBV Capital.
Head of growth at dotmoovs, Ricardo Martins Costa, explained:
“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. Our vision is a robust platform powered by blockchain and a state-of-the-art AI system that can analyze videos of players performing sports challenges in real-time.”
dotmoovs is the first crypto mobile worldwide competitive environment. It bridges the gap between physical and geographical limitations, monetization and assent of skills within the sports industry. Dotmoovs hopes to create a powerful platform where people can challenge their friends or other skilled players to compete in their favourite sport. Participants can earn NFTs and $MOOV tokens for the very win made on the platform. Players can also get the token for participating in challenges and growing their ranking on the platform.
Simon Dedic, managing partner of Moonrock Capital, and Danilo Carlucci, CIO of Morningstar Ventures, explained:
“We are grateful and honoured by the trust shown by dotmoovs’ team to become their official incubators and lead investors. Working closely with the team for some time now, we are highly impressed with their professionalism, expertise, and what they’ve developed so far. We are very excited to see this ambitious and revolutionary project come to life – combining sports, blockchain, and NFTs with dotmoovs’ vision of growth. The level of their supporting technology is not something we see every day. For these reasons, we are thrilled to be a part of dotmoovs’ journey and helping them achieve their vision.”
Dotmoovs also helps create a secure platform for players by providing an anti-fraud detection algorithm to ensure fairness in all games. Players also have access to the winning party’s videos for complete confidence in the results.
Dotmoovs’s native token, $MOOV, is currently listed on Uniswap with a sale price of $0.004. The platform will reportedly form partnerships with IoT companies to help develop their technology further and expand the number of supported sports.