CUMMING, GA / ACCESSWIRE / September 23, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the “Company”), the leading publicly traded Web3 company, is pleased to announce the company’s recent investment in non-fungible tokens (NFTs). After the first of ten expected releases titled Water Bear Profile Picture (PFP) Mint in the Genesis collections created under Good Gaming’s MicroBuddies™ brand, the company immediately began “sweeping” the floor of the collection. “Sweeping the floor” is an NFT investment strategy in which a buyer purchases all or a large number of the available NFTs in a project at the lowest possible level or “floor price” set by the owner.
The strategy focuses on identifying promising NFTs and acquiring a percentage of the collection, speculating that as demand increases, the NFTs will see an increase in popularity and consequently price. Bored Ape Yacht Club and Goblintown are two excellent examples of NFT collections, where astute investors who got in early were rewarded with a handsome return on investment while prices skyrocketed with the public.
The Genesis Collections are designed to help Good Gaming bring cross-platform functionality back to its MicroBuddies™ base game as Good Gaming expands its reach into various popular gaming platforms, including Minecraft and Roblox experiences. For Metavesco, the purchases complement the company’s growing portfolio of digital assets related to Metaverse, NFTs and cryptocurrencies.
“We have acquired a small collection of NFTs that we believe will remain under the radar of the general public that have a tremendous advantage due to their aesthetics and functionality,” commented Ryan Schadel, Metavesco Chief Executive Officer. “With every investment we make, whether it’s a smaller project like Genesis Collections or a mega project like Yuga Lab’s Otherside, we expect to add shareholder value with the added benefit of supporting other Web3 companies . What Good Gaming is doing by connecting its game to others is cutting edge technology and we are thrilled to own part of the collection at a rock-bottom price.”
For more information on Good Gaming and its collections, visit:
Metavesco is a publicly traded Web3 company. The company generates revenue as a liquidity provider and invests in promising NFT projects and virtual land, mainly on EVM protocols.
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SOURCE: Metavesco, Inc.
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