CUMMING, GA / ACCESSWIRE / September 23, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), the leading publicly-traded Web3 enterprise, is pleased to announce the latest corporate investment in non-fungible tokens (NFTs). Upon the first of ten anticipated releases, entitled the Water Bear profile picture (PFP) mint, in the Genesis Collections created under the MicroBuddies brand by Good Gaming, the Company immediately began "sweeping the floor" of the collection. "Sweeping the floor" is an NFT investing strategy where a buyer purchases all or a large number of the available NFTs in a project at the lowest level possible, or "floor price," set by the owner.
The strategy is centered on identifying promising NFTs and acquiring a percentage of the collection speculating that the NFTs will experience a spike in popularity and, subsequently price, as demand increases. Bored Ape Yacht Club and Goblintown represent two prime examples of NFT collections where perspicacious investors that made an early entry were rewarded with a handsome return on investment as prices skyrocketed with publicity.
The Genesis Collections are designed to assist Good Gaming create cross-platform functionality back to its MicroBuddies base game as Good Gaming expands its reach across different popular gaming platforms, including Minecraft and Roblox experiences. For Metavesco, the purchases complement the Company's growing portfolio of digital assets related to the metaverse, NFTs, and cryptocurrencies.
"We acquired a small collection of NFTs that we believe remains under the radar of the general public that has tremendous upside owing to their aesthetics and functionality," commented Ryan Schadel, Chief Executive Officer of Metavesco. "With every investment we make, albeit in a smaller project like the Genesis Collections or a mega project such as Yuga Lab's Otherside, we expect to build corporate value with the added benefit of supporting fellow Web3 companies. What Good Gaming is doing by connecting its game with others is leading-edge technology and we're thrilled to own part of the collection at rock-bottom pricing."
More information on Good Gaming and its collections are available at:
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
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SOURCE: Metavesco, Inc.
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