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Home » Why Lootmogul Should Optimize Its $200 Million Investment With AR and VR Fitness
My Metaverse Minute

Why Lootmogul Should Optimize Its $200 Million Investment With AR and VR Fitness

Kieron AllenBy Kieron AllenSeptember 28, 2022Updated:September 28, 20221 Min Read
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Acceleration Economy Metaverse

In Episode 168 of My Metaverse Minute, Kieron shares his thoughts about Lootmogul’s recent reveal of a significant investment.

This episode of My Metaverse Minute is sponsored by Community Summit North America, the largest independent gathering of the Microsoft Business Applications ecosystem taking place October 10-13 at the Gaylord Palms in Orlando, Florida. With 500+ Dynamics 365 & Power Platform sessions and more than 300 speakers, this event is a must-attend for Microsoft customers. Visit summitna.com for more details.

Highlights

00:43 — There has been a very exciting $200 cash injection for major sports Metaverse platform Lootmogul.

01:14 — The sports industry is a fantastic gateway into the Metaverse. This is yet another example of how sports will be a major player when it comes to Metaverse investments. However, after digging into Lootmogul’s offerings, Kieron is somewhat disappointed. And here’s why….

01:38 — The platform has ultimately focused on branding. This is a tried and tested model. Although that certainly works, AR and VR fitness is booming right now, and Kieron has yet to see a sports-based platform that incorporates AR/VR training into its business model.


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Acceleration Economy Metaverse

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Analystuser

Kieron Allen

Cloud, AI, Innovation
Cloud Wars analyst

Areas of Expertise
  • Business Apps
  • Cloud
  • Cybersecurity
  • Data
  • LinkedIn

Kieron Allen is a Cloud Wars Analyst examining innovations in, and the future impact of, the latest AI, cloud, cybersecurity, and data technology developments. In his ongoing analyses and video reports, Allen focuses on the platforms, applications, people, and ideas that will mold our digital future. After serving as the Online Editor for BBC Sky at Night Magazine and as the Editorial Assistant for BBC Focus Magazine, Kieron became a freelance journalist in 2015 where his focus on the business technology market became a key passion. Kieron partners with technology start-ups and organizations that share his interests in science, social affairs, non-profit work, fashion and the arts.

  Contact Kieron Allen ...

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