RealFevr revenues exceed €3.5M

 In News, NFTs, Start-Up

RealFevr, a Portuguese startup which launched the first official Non-Fungible Token collectable football game videos marketplace, has hired Nuno Figueiredo as its new CFO as revenues hit €3.5 million.

“Accepting the post was a decision based on weighing up several factors including: the interest in the crypto assets area since 2017, but also the opportunity of having an active role regarding the development of crypto assets in Portugal.
“RealFevr has a very structured project with clearly defined challenges that will enable me follow the company’s growth as CFO,” says the new CFO in a communiqué.
RealFevr is a fantasy football app with more than 2.5M downloads, 1.2M already registered users and 10 national leagues, 3 international club competitions and all the major European team competitions, including the Top 5 European leagues: Premier League, La Liga, Series A, Bundesliga and Liga Portugal bwin.
“In our case, we empower users with a cryptocurrency and video collectibles that can be traded with other peers or used within the wider RealFevr in-game environment.
“2021 NFTs frenzy mode is going crazy. However we do believe this “bubble” will pop-out and only the NFTs backed by intellectual property will remain attractive and with real intrinsic value”, states the company’s CEO Fred Antunes.
In RealFevr each athlete becomes an artist and their actions – Goals, Saves, Assists, and so on — become pure art in movement.
With that said, RealFevr aims at completely disrupting the NFTs ecosystem by combining breakthrough tech, blockchain’s decentralisation, with the uniqueness of video collectibles that empower gamers, providing utility to each moment and ‘gamifying’ it through fantasy token-leagues always backed by official intellectual property.
A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger (blockchain).
NFTs can be associated with easily reproducible items such as photos, videos, audio, and other types of digital files as unique items (analogous to a certificate of authenticity), and use blockchain technology to give the NFT a verified and public proof of ownership.
Copies of the original file are not restricted to the owner of the NFT, and can be copied and shared like any file. The lack of interchangeability (fungibility) distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin.
The first NFT project was launched in 2015 on the Ethereum blockchain, and interest grew with the rise of interest in crypto currencies.
Interest and the total monetary value of NFTs grew significantly in 2021, with sales of NFTs exceeding $2 billion during the first quarter of the year.
NFTs have drawn criticism with respect to the energy cost and carbon footprint associated with validating blockchain transactions as well as its frequent use in art scams.