How Africa News
The amount of Black women who own sports teams is extremely low, which is why we are excited to see more enter the space.
Sara “Lovestyle” Hood, the CEO of Sara Belay Inc. and a tech entrepreneur, is up next!
Ownership In The Metaverse
On December 6, the software entrepreneur announced that she had purchased the Houston Hyenas in SimWin Sports, a metaverse sports league.
Emmanuel Acho, an NFL analyst and on-air personality, and Edward Madongorere, CEO and co-founder of Moon Ultra, are among her co-owners.
According to the company’s website, the proprietors of David J. Ortiz’s digital sports league, SimWin Sports, include Magic Johnson, Jerry Rice, Tracy McGrady, LaMelo Ball, and others.
“I’m a big fan of David Ortiz’s leadership and his team’s innovative approach to emerging technologies in gaming and sports betting,” Hood said in a statement via SimWin’s website.
“He has played a pivotal role in ensuring that ownership opportunities have been accessible to black and brown investors, which I’m deeply passionate about increasing representation for black women in sports. It’s especially meaningful to me to be a partner in the Houston Hyenas alongside Ed and Emmanuel, one of our first investments as a group.”
Furthermore, Hood stated in her statement that the digital sports league is “the first entity in the world to sell professional sports franchises as NFTs, owned by some of the world’s most prominent celebrities, sportsmen, and influencers.”
As reported earlier in 2022, Hood joined Malcolm Jenkins’ Broad Street Ventures as one of its new investors alongside India Robinson.
