BlockchainSpace (BSPC), the leading data aggregator and infrastructure provider for guilds and Web3 projects, remains upbeat that 2023 will be a banner year with its acquisition of majority stake in intellectual property (IP) house, Metasports.
Peter Ing, chief executive officer and founder of BSPC, expressed belief the synergistic partnership with Metasports, “rooted in the alignment of objectives,” will bring more value to the partner guilds under BSPC’s flagship product, Guild Hub, and give Metasports “an unbridled springboard to high impact web3 communities.”
“BlockchainSpace is looking to scale faster this year. It doesn’t matter if it’s a bull market or bear market—innovation doesn’t stop. We’ve always been focused on strengthening our resources to support our mission, with a more consolidated approach through Guild Hub,” Ing said in a statement announcing the acquisition.
The strategic move—done to support Web3 communities amid economic challenges and the thawing crypto winter—allows BSPC to boost its flagship product, Guild Hub, and make it possible for Metasports to finally build technology-backed IPs.
Launched in late 2022, Guild Hub is BSPC’s initiative to help create legitimacy among Web3 communities that guarantees an effective way of policing the community and providing a venue to create impactful and valuable partnerships.
The Metasports acquisition is instrumental to fostering further business growth, allowing them to continue supporting the community, the BSPC CEO said. “Esports and guilds are not going away as they are integral to Web3 gaming. Metasports will be essential in serving these guilds.”
Since its launch last December 2021, Metasports, which focuses on Web3 and Web2 gaming IPs across the esports experiences, creator networks, and news and media verticals, has quickly proven its value in the space in Web3.
Among its successes are the Lunacian Sports League, the first professionally organized and longest running esports league for Axie Infinity, and the establishment of their creator business management with famous content creator KookooTV as their first creator partner.
“While many veer away from high-risk decisions given the market conditions, the two companies view the acquisition as a strategic move based on a thorough understanding of the market, thanks to BSPC’s readily available and growing data sets through Guild Hub,” the statement read
Joe Josue, CEO and co-founder of Metasports, is confident they can strengthen their commitment to enhanced experiences around gaming and will bring value to their stakeholders through this acquisition.
“We saw an incredible opportunity to grow and invest in more IPs, and that’s when we started to seek venture. In BlockchainSpace, we found a partner that would be the backbone which we could build on Web3. By tapping BlockchainSpace’s infrastructure, we will finally be able to build technology-backed IPs, which is a powerful next step for us,” Josue said.
With BSPC’s and Metasports’ sights set on scalability this year, both companies look forward to bringing in big changes that will not only impact their business development, but most especially contribute to the success and longevity of the already-growing global Web3 community.