Empire posts $18 million profit in 2021, led by gains in metaverse property, NFTs sales

economictimes.indiatimes.com:

metaverse property, sale of NFTs and staking investments. The year-end report, compiled by vEmpire, discloses its staking strategies carried out across Ethereum, Decentraland, Sandbox, Axie Infinity, and Starlink, leading to unrealized profit surpassing $4 million in the final quarter of 2021 alone. As early adopters of the Metaverse, the entity’s NFT sales amounted to an additional $5,00,000 and supplemented with newly acquired valuable investments, at roughly ninety percent below current market value.

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For 2022, vEmpire’s objective will remain to spur growth and decentralization of Metaverses. vEmpire’s ETH pool allows access for more individuals to the expensive but profitable, blue-chip NFT protocols like Bored Ape Yacht Club. «Our users have contributed to staking tens of millions of dollars worth of Metaverse tokens on our platform, which has enabled us to build a decentralized Metaverse investment portfolio that represents the largest in the industry,» said Dom Ryder, founder of vEmpire. “Overall we are extremely pleased with the performance and the quality assets we have acquired over the past quarter. I am pleased to say we are very much on track for the remainder of our roadmap. We are still incredibly early to the Metaverse,” he added. vEmpire’s ETH staking pool was incepted with 518.7 ETH and its value, as measured by the lowest equivalent asset floor, is now 1,021.5 ETH, almost doubling in value. Meanwhile, vEmpire’s Metaverse staking options in Metaverses like Decentraland, Sandbox, Starl, and others allow investors to partake