The number of Black women who have ownership in sports teams is vastly low, which is why we love to see when more enter the space.
Sara “Lovestyle” Hood — a tech entrepreneur and CEO of Sara Belay Inc. — is up next!
Ownership In The Metaverse
On Dec. 6, the tech entrepreneur announced that she has become an owner of the Houston Hyenas in SimWin Sports — a sports league in the metaverse.
Fellow owners along with her for the move are Emmanuel Acho — an NFL Analyst and on-air host — and Edward Madongorere –CEO and co-founder of Moon Ultra.
The digital sports league founded by David J. Ortiz — SimWin Sports — has owners that include the likes of Magic Johnson, Jerry Rice, Tracy McGrady, LaMelo Ball, and more, according to the company’s website.
“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.”
What’s more, Hood noted in her announcement that the digital sports league is “the first entity in the world to sell professional sports franchises as NFTs, owned by some of the biggest celebrities, athletes, and influencers.”
Ortiz, Founder of SimWin Sports, Shares A Statement:
“Our new ownership group’s outstanding professional accolades in the tech and media industries and newfound commitment to our vision speak volumes about SimWin’s long-term vision in the metaverse. The addition of the Houston Hyenas also highlights our efforts to promote an inclusive, diverse, and equitable ownership base.”
As previously reported by AfroTech, earlier in 2022, Hood joined Malcolm Jenkins’ Broad Street Ventures as one of its new investors alongside India Robinson.