Investors Highlight: Metavest Capital
Continuing with our eye-watering investors introduction series, we’re stoked to welcome Metavest Capital to the EoF family!
Yes, THE Metavest Capital — the digital currency consulting, investment and strategy firm powering some of the biggest names in the blockchain gaming world.
With Dfinity, Concordium, and Dopamine being just some of the names Metavest has under its belt, we can’t be more proud to be able to tap into its vast potential of expertise, capital and resources.
We reached out to Metavest to see why they decided to invest in Engines of Fury, what they expect from the team, and what makes the crypto gaming world so interesting.
Why did you decide to invest in Engines of Fury?
We decided to invest in Engines of Fury because it was: A) recommended to us by our good friends at DeRace who we trust, and B) it passed our rigid internal checklist of requirements we have here at Metavest Capital.
Where do you see the potential in crypto games?
Our thesis on GameFi is that the concept of adding real utilities to tokens has enabled the less fortunate ones, for the first time ever, to provide for their families. At the same time, it has given full-time professional games another revenue stream to choose from.
The 2017 DeFi boom aside, we believe the NFT play-to-earn space is the most noticeable utility for crypto and blockchain that has been unlocked so far. The amount of gamers in the world that will eventually come over to the play-to-earn space from the more traditional pay-to-play space we believe will drive this asset class to decouple from the crypto space completely at some point, and become a monster of its own.
Crypto devs are currently battling for everyone’s attention. What do you think they should do, to be spotted?
In order for crypto games to stand out from the rest of the crowd in this extremely saturated market, there needs to be a clear roadmap and vision, a proper dedicated gaming dev team and studio working on the project, experienced blockchain members, financials with valuations that are reasonable and not overinflated, and tokenomics that make sense. On top of that, there need to be good strategic investors on the cap table, as well as a strong community following.
What do you expect from the team?
Big expectations usually lead to big disappointments, so we like to keep both feet firmly on the ground. That being said, we expect the team to deliver on its promises, stick to the deadlines and create a community that is engaging and hungry to be involved and stay involved. After all, this is a project that has the potential to not only allow the player to earn decent returns but also have fun doing it.
About Engines of Fury
Engines of Fury is an action-packed play-to-earn arena battler based on blockchain metaverse. The game allows players to engage in exciting PvP and PvE duels set in a gorgeous 3D rendered world where they can win tokens, forge NFTs, and earn profits.