Life Insurance and PPLI

Life Insurance and Private Placement Life Insurance

 We found a very educative blog post about Life Insurance and Private Placement Life Insurance: “This Life Insurance Lets the Very Wealthy Invest in Private Markets and Defer Taxes,“ by Andrea Riquier

Life Insurance and PPLI“No matter who wins the White House and Congress in November, tax law changes loom large, reviving interest in a tried-and-true strategy for the ultra-wealthy.“

The blog post discusses the concept of using life insurance as an investment, particularly focusing on its tax advantages and benefits for retirement and estate planning. It highlights how life insurance can build up cash values tax-deferred and pay them out tax-free, emphasizing the potential tax benefits for wealthy families. The post also touches on leveraging life insurance for investment purposes, maximizing life cover through premium finance, and the role of life insurance in investment diversification and tax-advantaged growth.

Here are some insights:

  1. Purpose of Life Insurance for the Wealthy:
  2. Private Placement Life Insurance (PPLI):
    • PPLI is a specialized form of universal life insurance available exclusively through private channels (not publicly offered). It is specifically designed for high-net-worth individuals.
    • Tax Efficiency: PPLI aims to reduce taxes on investments. By structuring investments within a life insurance policy, wealthy clients can benefit from tax-deferred growth and potentially tax-free distributions.
    • Tailored Solutions: Consulting with financial planners and insurance professionals, such as Michael Malloy and his team at EWP Financial, is essential. They can help customize PPLI policies to align with the unique needs and goals of each client.

Remember that PPLI is a sophisticated strategy, and seeking professional advice is crucial to maximize its benefits. Michael Malloy’s expertise in this area makes him a valuable resource for those navigating the complexities of wealth management and estate planning.

 

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

~ Your best source for PPLI and EWP

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

 

Fortifying Your Financial Future

How to Secure Your Wealth Globally

and the Protection of Crypto

Fortifying Your Financial Future:

A Global Approach to Wealth Security

Connecting the dots: Wealth Preservation, Cryptocurrency, Michael Malloy, EWP Financial, PPLI and EWP.

In today’s interconnected world, safeguarding your wealth has never been more crucial. Join us as we delve into strategies to fortify your financial future on a global scale.

Cryptocurrencies have been making waves in recent months. Let’s take a closer look at the developments in February and March of 2024.

Bitcoin, the flagship cryptocurrency, saw highs near $49,000 after the SEC approved spot bitcoin ETFs in January. However, February brought fluctuations, with BTC prices settling around $42,000 by month-end. Ethereum and other altcoins experienced similar volatility.

But how do you secure your wealth amidst this volatility? Let’s explore global wealth security strategies.

Private Placement Life Insurance (PPLI) offers tax-efficient investment solutions for high-net-worth individuals. By holding assets within a PPLI policy, you can mitigate taxes while enjoying the benefits of life insurance.

Michael Malloy, founder of EWP Financial, a pioneer in the realm of PPLI. His expertise ensures that high-net-worth clients understand the unique benefits of this strategy.

Expanded Worldwide Planning (EWP) provides a comprehensive approach to wealth preservation, focusing on privacy, asset protection, tax efficiency, succession planning, compliance, and flexibility.

EWP Financial, under Michael Malloy’s guidance, simplifies complex financial structures for the world’s wealthiest families, ensuring both wealth preservation and privacy.

In conclusion, the intersection of cryptocurrency gains, global wealth security, PPLI, EWP, and Michael Malloy’s expertise paints a vivid picture of financial empowerment in an ever-evolving landscape. Stay informed, adapt, and secure your legacy!

Disclaimer: This blog post provides general information and should not be considered professional advice. Consult with financial experts for personalized guidance. 

We are here to share our wealth of knowledge about PPLI and EWP.

Contact Us TODAY!

– The EWP Financial Team

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

~ Your best source for PPLI and EWP

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

 

Privacy Today – by Michael Malloy CLU TEP RFC

HOW?

A Private Placement Life Insurance (PPLI) asset structure could have easily prevented life changing invasions of privacy

(Watch videos at the end)

Introduction

Privacy has become a hot topic in recent years, with numerous controversies surrounding the collection and use of personal data by tech companies and governments. As technology continues to advance, it is important for individuals to understand their rights to privacy and the steps they can take to protect it. This article will summarize key points from a blog post on the topic of privacy and outline the most important takeaways.

The Importance of Privacy

The blog post begins by emphasizing the importance of privacy in today’s world. With the widespread use of technology, personal information is being collected and shared at an unprecedented rate, and it is essential for individuals to understand the implications of this. Privacy allows individuals to control who has access to their personal information, what that information is used for, and how it is shared. This control is essential for ensuring that personal data is not misused or abused.

Key Privacy Concerns

The blog post goes on to discuss some of the key privacy concerns that individuals should be aware of. These include:

  • Data collection: Tech companies and other organizations collect vast amounts of data on individuals, often without their knowledge or consent. This data can include everything from online searches and location data to purchasing history and social media activity.
  • Data sharing: Once personal data has been collected, it can be shared with other organizations, either for commercial purposes or for government surveillance. This can result in sensitive personal information being disclosed without the individual’s knowledge or consent.
  • Data breaches: Data breaches are a major concern in today’s world, as they can result in sensitive personal information being leaked to unauthorized individuals. This can include everything from financial information and Social Security numbers to personal health records and emails.
  • Government surveillance: Governments around the world are increasing their use of technology to monitor citizens, and this can have serious implications for privacy. For example, many governments collect data on internet activity and use this information for surveillance purposes.

Protecting Privacy

The blog post concludes by offering practical tips for protecting privacy in the digital age. These include:

  • Being aware of privacy policies: When using technology, it is important to be aware of the privacy policies of the companies and organizations involved. This includes understanding what personal data is being collected and how it is being used.
  • Using encryption: Encryption is a powerful tool for protecting personal data, as it ensures that information is only accessible to those with the necessary key. This can be especially important when using public Wi-Fi networks, as these are often unsecured and vulnerable to eavesdropping.
  • Being careful with personal information: Individuals should be careful about the personal information they share online, as this information can be used for malicious purposes. This includes being mindful of the information shared on social media, as well as avoiding responding to phishing scams or giving out personal information in response to unsolicited emails.

Conclusion

In conclusion, privacy is a crucial issue in today’s world, and it is essential for individuals to understand the threats to their personal information and the steps they can take to protect it. By being aware of the key privacy concerns and taking practical steps to protect their data, individuals can ensure that their personal information remains safe and secure. The blog post provides a wealth of information on the topic of privacy and is an excellent resource for anyone looking to learn more about this important issue.

Watch one of our most descriptive EWP Stories about #Privacy to understand more

 

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

~ Your best source for PPLI and EWP

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

 

The Six Principles Video Suite – The 6 principles of the United Nations Global Compact

The Six Principles Video Suite

At EWP Financial we use our own unique brand of asset structuring that incorporates the six principles of Expanded Worldwide Planning (EWP). Wikipedia features the six principles of EWP in its article on International Tax Planning. There is also a section on Expanded Worldwide Planning in Wikipedia’s article on Private Placement Life Insurance.

The six principles are privacy, asset protection, tax shield, succession planning, compliance simplifier, and trust substitute. Each of these six principles provide essential benefits to wealthy families throughout the world. The relevance of each of these principles varies according to where in the world the family holds their assets and does business, so it is essential to work with someone that has a global worldwide grasp of this complex situation, as we do at EPW Financial.

We have created six videos, each less than one minute in length, to provide you with the essential elements of these six principles. The six principles form the building blocks of our unique asset structures. A wide variety of asset classes can be maximized for tax efficiency, asset protection, and privacy by employing these six principles.

You can view these six short videos by going to our YouTube channel, EWP Financial, and clicking on Videos, then The Six Principles Video Suite.

This week we continue our series on the United Nations Global Compact with a short video on the importance of Purpose for an EWP asset structure.

 

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

~ Your best source for PPLI and EWP

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

PPLI and EWP Financial

Private Placement Life Insurance and EWP Financial

Why EWP Financial?

(Updated)

EWP Financial is one of a handful of firms worldwide that specialize in Private Placement Life Insurance (PPLI). Even so, EWP Financial sets itself apart from this elite niche because it markets itself directly to the world’s wealthiest families, while its competitors rely mostly on referrals from other professionals.

How does EWP Financial accomplish the daunting task of reaching the world’s wealthiest families directly?  In part by the fact that its founder and director, Michael Malloy, has authored two books on PPLI, written hundreds of articles, and produced close to 50 videos on its YouTube channel, EWP Financial, all with the specific purpose of reaching out directly to wealthy families.

Latest Article: PPLI – A way to preserve wealthPPLI Article

What ever induced EWP Financial to set out on this most difficult course? Here is what Mr. Malloy says:

“Over the years, I have found that wealth creators are able to grasp the unique benefits of structuring their assets using PPLI quite readily. Once they understand the considerable benefits and show willingness to come on board, we can then also educate their tax and legal advisors. This process has proven itself to be more effective and expedient.”

“The wealth creators have an intuitive sense honed by many years of business experience. They understand complex issues without having to delve immediately into technical issues. We can then provide their advisors with the appropriate tax codes and examples of the many structures that we have successfully completed if they so wish. Most often, the advisors then readily come on board as well.”

Why do advisors need to be educated on this subject? Alas, there are no questions on the CPA or the bar exam about PPLI asset structures. Thus professionals need to learn about these specialized structures in the midst of their practices. They would also have to have a practice that includes the world’s wealthiest families. This then is a rarefied group and most advisors welcome the expert education we provide.

EWP Financial enjoys the challenge of reaching the select audience of the world’s highest wealth achievers. We at EWP Financial, have carved for ourselves a niche with few competitors, and are very happy to have done so.

 Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

~ Your best source for PPLI and EWP

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

 

 

 

Did You Know This About #PPLI & #EWP? – Episode – 5 – EWP: The Deep Internal Design

Did you know this about Private Placement Life Insurance
&
Expanded Worldwide Planning?

EWP: The Deep Internal Design

PPLI Is a Cornerstone of Stability

In this Episode we explain the elements that comprise a successful EWP Asset Structure. We also reveal why an EWP Asset Structure always outperforms a taxable investment. Our conservative and straightforward approach to asset structuring gives you the maximum amount of tax efficiency, asset protection, and privacy. This is why an EWP Asset Structure has the reputation as the best asset structure available today for wealthy families worldwide.

Key to an EWP Asset Structure is how the investments are handled. To give you excellent insights into this key topic, we bring you an article by Bradley Barros from The Street: C Suite Advisors. Mr. Barros describes PPLI as “the ultimate ownership structure for high-networth families and individuals.” Here is how Mr. Barrors outlines the investment components of EWP Asset Structures:

  • An Insurance Dedicated Fund (“IDF”) holds the majority of the policy investment assets. The IDF is a preferred vehicle to hold assets within a policy structure. Separately Managed Accounts (“SMA”), properly administered, are permissible.
  • The creation of the IDF and the manager you choose is client need driven.
  • Based upon performance and consultation with the insurance carrier.
  • Flexibility is built into the policy and the investment strategy, allowing changes when desired.
  • The IDF or SMA are designed to achieve a diversified portfolio.
  • The portfolio will become more diversified over time as earned dividends are reinvested without deductions for taxes.
  • In addition, the manager can sell appreciated assets without capital gains exposure. This would be done confidentially due to the policy asset protection.
  • The policy structure is designed to both protect assets and maintain anonymity.

Investing Through a Customized Private Placement Policy

  • PPLI policies, and the contract structure and terms, are customized to suit the client, their needs, and their situation.
  • These policies can hold traditional bankable assets, as well as a variety of business interests in nearly any type of industry, commercial and residential investment real estate, intellectual property rights, music catalogs, artwork, oil and gas holdings, and other holdings as part of the Cash Value.
  • The policy Cash Value can be structured to grow tax advantaged, accessed tax-free through withdrawals and policy loans that do not need to be repaid during life, and tax-free death benefits
  • Policy holders may suggest their own trusted investment advisors to oversee and manage the policy cash value holdings, subject to communication with the PPLI insurance carrier, and investments may be held in custody at the selected investment manager’s firm.
  • There is complete transparency of costs on a pre-arranged term sheet. There are generally no commissions, only fully disclosed management fees charged by the PPLI Insurer.
  • The policies can be owned by trusts and other structures that are regulated by state law and provide valuable privacy and protection to policy owners and beneficiaries.
  • The policy Death Benefit may be acquired at a much-lower net cost, versus mass-marketed and retail insurance policies.
  • Policies may distribute life insurance proceeds “in-kind”. In-kind assets can include the actual stock or ownership interests in private equity and real estate”.

We invite you to join our long list of satisfied clients by contacting us on our worldwide toll-free number, 877 811 5846. We welcome your comments and questions.

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

~ Your best source for PPLI and EWP

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Did You Know This About PPLI & EWP? – Episode 4 – Life Insurance: The Magic Ingredient

#PPLI & #EWP FUNDAMENTALS

Did you know this about Private Placement Life Insurance and Expanded Worldwide Planning?

Private Placement Life Insurance (PPLI) In Action

EWP and PPLI: A Unity of Assets and Life Insurance

To truly appreciate what Private Placement Life Insurance (PPLI) can accomplish, you first must forget everything you currently know about life insurance. Yes, it is life insurance, but so radically different in cost and benefits, it has its own Wikipedia page, International Tax Planning.

On this page, you will read about the six principles of Expanded Worldwide Planning (EWP). We give you a short description of these six principles from the Wikipedia page later in this article.

First, let us list the key benefits of PPLI, so you can appreciate why Bloomberg said in a recent article:

“Athletes, celebrities, and family offices are embracing private placement life insurance, or PPLI, as a way to preserve wealth for their heirs. It’s a strategy that’s perfectly legal and has existed for decades.”

This is why Bloomberg is so excited about PPLI. In a properly structured policy:

  • All cash value growth grows tax-deferred, and is paid out as a tax-free death benefit;
  • No income taxes, and this includes capital gains tax;
  • Ability to access the cash value through tax free loans;
  • Adds asset protection and privacy;
  • Limited reporting;
  • Ability to avoid estate taxes;
  • No surrender charges.

An outstanding singular feature that catapults PPLI above any other life insurance policy is that all asset classes can be placed in a policy:

  • Real Estate/Physical assets
  • Hedge Funds/Alternative Asset classes
  • Private Equity
  • Intellectual Property
  • Art
  • Yachts and Private Jets
  • Alternative Currency denominations

Now let’s discuss the low-cost of this unique wealth structure tool. Depending upon the assets inside the policy, the total fees for a PPLI are 1-2% of the asset value in the policy. The cost of insurance charges are institutionally priced at the wholesale reinsurance company rates.

The death benefit is insured with these same reinsurance companies, the largest insurance companies in the world like Swiss Re and Munich Re with trillions of dollars in assets.

“To be eligible for a PPLI policy one must generally be what the SEC terms a Qualified Purchaser, having not less than $5M of investments. Most companies’ minimum premiums are also $5M.”

From the Wikipedia page, International Tax Planning, we give you the six principles which are making PPLI such a sought after wealth structuring technique.

Privacy

EWP gives privacy and compliance with tax laws. It also enhances protection from data breach and strengthens family security. EWP allows for a tax compliant system that still respects basic rights of privacy. EWP addresses the concerns of law firms and international planners about some aspects of CRS related to their clients’ privacy. EWP assists with the privacy and welfare of families by protecting their financial records and keeping them in compliance with tax regulations.

Asset protection

EWP protects assets with segregated account legislation by using the benefits of life insurance. This structure uses asset protection laws in the jurisdictions of residence to shield these assets from creditors’ claims. A trust with its own asset protection provisions can still receive additional protection with the policy.

Succession planning

EWP includes transfers of assets without forced heirship rules directly to beneficiaries using a controlled and orderly plan. This element of EWP provides a wealth holder a method to enact an estate plan according to his/her wishes without complying with forced heirship rules in the home country. This plan must be coordinated with all the aspects of a properly structured PPLI policy together with other elements of a wealth owner’s financial and legal planning.

Tax shield

EWP adds tax deferral, income, estate tax benefits and dynasty tax planning opportunities. Assets held in a life insurance contract are considered tax-deferred in most jurisdictions throughout the world. Likewise, PPLI policies that are properly constructed shield the assets from all taxes. In most cases, upon the death of the insured, benefits are paid as a tax free death benefit.

Compliance simplifier

EWP adds ease of reporting to tax authorities and administration of assets, commercial substance to structures. In addition, the insurance company is considered the beneficial owner of the assets. This approach greatly simplifies reporting obligations to tax authorities because assets in the policy are held in segregated accounts and can be spread over multiple jurisdictions worldwide.

Trust substitute

EWP creates a viable structure under specific insurance regulations for civil law jurisdictions. It also creates a new role for commercial trust companies. In most civil law jurisdictions, trusts are poorly acknowledged and trust law is not well developed. As a result, companies with foreign trusts in these civil law jurisdictions, face obstacles.

Conclusion

A PPLI asset structure is arguably the most efficient structure available today for wealthy families who wish a conservative and efficient structure to integrate tax-free investment growth, wealth transfer, and asset protection.

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

~ Your best source for PPLI and EWP

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

 

Did You Know This About PPLI & EWP? – Episode 3 – EWP’s Foundation Is The Six Principles

Fundamentals of Private Placement Life Insurance
&
Expanded Worldwide Planning

 

Did You Know This About PPLI & EWP?

EWP’s Foundation Is The Six Principles

Video 3

It makes sense to partner with a concept that is recognized as a cornerstone of financial stability—the six principles of Expanded Worldwide Planning, or EWP for short. The six principles are recognized as such by Wikipedia in its article on International Tax Planning. You too can employ these principles to grow and strengthen your own financial assets. How can you accomplish this? By using an asset structure that has at its very roots the six principles of EWP.

Here is the text from Wikipedia’s article on International Tax Planning which features the Six Principles of EWP

International Tax Planning

International tax planning, also known as international tax structures or expanded worldwide planning (EWP), is an element of international taxation created to implement directives from several tax authorities following the 2008 worldwide recession.

History

In 2010, the United States introduced the Foreign Account Tax Compliance Act (FATCA). Later the Organization for Economic Co-operation and Development (OECD) expanded these directives and proposed a new international system for the automatic exchange of information – known as the Common Reporting Standard (CRS). The organization also attempted to limit companies’ ability to shift profits to low-tax locations, a practice known as base erosion and profit shifting (BEPS). The goal of this worldwide exchange of tax information being tax transparency, it requires the exchange of a significant volume of information. As a result, there are concerns about privacy and data breach in interested industries. EWP has been an important element on the agenda of the OECD following the succession of leaked revelations about various jurisdictions, including the Luxembourg Leaks, Panama papers and Paradise papers. In December 2017, European Union finance ministers blacklisted 17 countries for refusing to cooperate in its investigation on tax havens

Principles

EWP allows a tax paying entity to simplify its existing structures and minimize reporting obligations under the Foreign Account Tax Compliance Act (FATCA) and CRS. At the heart of EWP is a properly constructed Private placement life insurance (PPLI) policy that allows taxpayers to use the regulatory framework of life insurance to structure assets along the client’s planning needs. These international assets can also comply with tax authorities worldwide. EWP also brings asset protection and privacy benefits that are set forward in the six principles of EWP below. The other elements in the EWP structure may include the client’s citizenship, country of origin, actual residence, insurance regulations of all concerned jurisdictions, tax report requirements, and client’s objectives.

Planning with trust and foundations frequently offer only limited tax planning opportunities whereas EWP provides a tax shield. Adding a PPLI policy held by the correct entity in the proper jurisdiction creates a notable planning opportunity.

Features

Privacy

EWP gives privacy and compliance with tax laws. It also enhances protection from data breach and strengthens family security. EWP allows for a tax compliant system that still respects basic rights of privacy. EWP addresses the concerns of law firms and international planners about some aspects of CRS related to their clients’ privacy. EWP assists with the privacy and welfare of families by protecting their financial records and keeping them in compliance with tax regulations.

Asset protection

EWP protects assets with segregated account legislation by using the benefits of life insurance. This structure uses asset protection laws in the jurisdictions of residence to shield these assets from creditors. A trust with its own asset protection provisions can still receive additional protection with the policy.

Succession planning

EWP includes transfers of assets without forced heirship rules directly to beneficiaries using a controlled and orderly plan. This element of EWP provides a wealth holder a method to enact an estate plan according to his/her wishes without complying with forced heirship rules in the home country. This plan must be coordinated with all the aspects of a properly structured PPLI policy together with other elements of a wealth owner’s financial and legal planning.

Tax shield

EWP adds tax deferral, income, estate tax benefits and dynasty tax planning opportunities. Assets held in a life insurance contract are considered tax-deferred in most jurisdictions throughout the world. Likewise, PPLI policies that are properly constructed shield the assets from all taxes. In most cases, upon the death of the insured, benefits are paid as a tax free death benefit.

Compliance simplifier

EWP adds ease of reporting to tax authorities and administration of assets, commercial substance to structures. In addition, the insurance company is considered the beneficial owner of the assets. This approach greatly simplifies reporting obligations to tax authorities because assets in the policy are held in segregated accounts and can be spread over multiple jurisdictions worldwide.

Trust substitute

EWP creates a viable structure under specific insurance regulations for civil law jurisdictions. It also creates a new role for commercial trust companies. In most civil law jurisdictions, trusts are poorly acknowledged and trust law is not well developed. As a result, companies with foreign trusts in these civil law jurisdictions face obstacles.

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

~ Your best source for PPLI and EWP

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Metaverse – PPLI and EWP – Episode 3

Transform Your Assets Inside an EWP Metaverse

PPLI Is Your Partner in Creating Financial Strength and Stability

It makes sense to partner with a concept that is recognized as a cornerstone of financial stability—the six principles of Expanded Worldwide Planning, or EWP for short. The six principles are recognized as such by Wikipedia in its article on International Tax Planning. You too can employ these principles to grow and strengthen your own financial assets. How can you accomplish this? By using an asset structure that has at its very roots the six principles of EWP.

The metaverse is a concept that has been thrust into our lives. Is it something new and or just a fad that will die out in a few years? At EWP Financial we are creating our own metaverse that has at its foundation the rock-solid Six Principles of EWP. In this video, through compelling images and concise dialogue, we explain how these Six Principles can create for you a financial future that beneficially transforms your own assets for tax efficiency, privacy, and asset protection.

We continue to bring you relevant articles on the Metaverse. This week we bring you articles from the worlds of sports and gaming; two areas that have been exploring new ways to use the metaverse. These two articles are courtesy of Cointelegraph.

Berlin-based football app enters the metaverse following $300M fundraiser

By Arnold Kirimi

The financing round was led by Liberty City Ventures, with participation from blockchain platforms and venture capital firms, including Animoca Brands and Dapper Labs.

OneFootball, a German football media application, has raised $300 million in a Series D round to grow the company’s presence on Web3 and develop new features on its platform.

According to a Thursday announcement, OneFootball and nonfungible token (NFT)-centric Animoca Brands created a joint venture called OneFootball Labs. The new platform will “enable clubs, leagues, federations and players to provide digital assets and fan-centric experiences based on blockchain technology.” Furthermore, fans will be able to obtain and store virtual collectibles using their email address and credit card.

The financing round was led by Liberty City Ventures, with participation from blockchain platforms and venture capital firms, including Animoca Brands, Dapper Labs, DAH Beteiligungs GmbH, Quiet Capital, RIT Capital Partners, Senator Investment Group, and Alsara Investment Group.

Animoca Brands will provide its expertise and network in blockchain, NFTs, gaming and the metaverse to help OneFootball develop new products and services that will increase digital fandom while generating new income streams for the football industry. In a statement, Lucas von Cranach, founder and CEO of OneFootball, said:

We believe the future of football away from the stands and off the pitch will be decentralized and built on Web3, giving back the ownership of data and digital assets to the fans.”

Murtaza Akbar, the managing partner at Liberty City Ventures, highlighted OneFootball’s 100 million monthly active users as an opportunity to take advantage of blockchain technology for a massive community of football fans.

Earlier this year, Cointelegraph noted that increasing interactivity and ownership of virtual items are some of the metaverse’s most outstanding features. “OneFootball might be jumping on both opportunities to provide more fans greater access to the “beautiful game.”

Manchester City, the English Premier League champions, announced their entrance into the Metaverse by signing a three-year agreement with Sony to provide virtual reality to professionals for image analysis and skeletal-tracking technology from Hawk-Eye. Neighbours Manchester United have also entered the Web3 ecosystem after a partnership with Tezos, announced on Feb. 10.

The first metaverse designed for non-crypto gamers releases theatrical trailer ahead of launch

By Sarah Jansen

The metaverse is evolving rapidly, increasing the barriers to entry for those without previous crypto knowledge.

The appeal of blockchain-based gaming is clear: participate in activities you might have already been doing and make some money at the same time in a realm constructed by tokenized and tradable items. While attractive in theory, the reality is that these models cater to those with a familiarity with nonfungible tokens (NFTs) and surrounding technologies. Consider that most of these games present a steep learning curve with some knowledge, costs and other setup required before a player can participate in the ecosystem.

Emerging as a low barrier to entry, Bezoge, the first crypto game for non-crypto people, presents Legends of Bezogia with its unique in-game tokenomics and currency. The play-to-earn (P2E) MMORPG game lets players pillage enemy SHIBs and DOGEs to rid the world of fear, uncertainty and doubt (FUD). Following the P2E model, players are invited to select a Bezogi and start their journey into earning blocks and rewards, whilst Bezogi NFT owners can rent or summon additional Bezogi if they already own two.

Where this game differentiates itself from other releases is its design as a mainstream offering that can be played by anyone. To enable this functionality, the game features a fully decentralized NFT rental platform where players can rent NFTs to use in gameplay without collateral or gas fees. Therefore, non-crypto gamers can now participate in Legends of Bezogia as they would in any other free-to-play game, eliminating previously mentioned high barriers to entry.

Bringing this project to life is a team of more than 30 in-house staff who share that the objective of this release is to become “the first crypto game for non-crypto people.”

In alignment with this mission, the team has released a Theatrical Trailer introducing the breeds found in Legends of Bezogia as an introduction to their Alpha signup.

Bigger and better play to earn

Bezogi exists as an NFT, in-game character on the Polygon Blockchain (MATIC) that will also be interoperable across multiple chains in the future. These characters are of one definitive colorway, a trait that is more than just aesthetic and instead holds significant meaning in the Legends of Bezogia due to differing bloodlines. On the surface, these creatures are cute; however, upon taking a deeper dive, every bloodline demonstrates a role as a fearsome warrior.

To illustrate the distinction between each, players are invited into the red corner with a breed of warriors known as the Red Zerkzogi. These warriors are covered in blood yet remain well-groomed and obedient. This group often has an arsenal of impressive weapons at their call, making them known killers. The red warriors are joined by the Yellow Speedzogi, recognized as being the fastest life-form in Bezogia, obsessed with gathering blocks and scavenging loot.

Continuing the introductions, players will meet the Blue Shieldzogi, a protector of Bezogia, the White Holyzogi, a keeper of the sacred Recovery Seed and the Green Freezogi, a frozen Bezogi that enjoys the thrill of a kill but is hooked on noxious gases. The final three spots are made up of the Orange Fudzogi, a group of meddling tricksters, a Black Darkzogi that burns blocks to summon new Bezogi, and the Golden Mintzogi, who run the lands of Bezogia and now command great respect and power.

With each Bezogi exhibiting a different set of skills, players are encouraged to carefully consider the space where each operates in the greater ecosystem. After deciding, interested parties can find Bezogi and Petzogi for purchase on the OpenSea platform.

30,000 holders and growing

The team shares that their efforts in P2E gameplay have resulted in 30,000 meme coin holders, alongside a Metaweek Gold, RBK Promotions Boxing Gala and the Dubai Soccer Award Gold Sponsorships. Furthermore, Bezoge has also begun pursuing influencer partnerships with those who have millions of followers. This effort will be followed by a series of guild partnerships that are still in progress.

With several other developments underway, the team continues to hold weekly AMA updates, providing additional detail about the latest developments. The intent is to attract gamers from all walks of life to a constantly changing digital construct the world recognizes as the metaverse.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

In our next video, we will reveal the financial tool that makes an EWP asset structure possible. Thank you for watching and hope you will join us for episode four in our Metaverse Series.

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

Michael Malloy-CLU-TEP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Metaverse – PPLI and EWP – Episode 1

The Expanded Worldwide Planning Video Series

Our Journey Together: An Exceptional World of Asset Structuring – Episode One

Beyond Facebook and Apple’s Metaverse with PPLI and EWP

Welcome. The metaverse envisioned by companies like Facebook and Apple entails an augmented, virtual reality where users are not just scrolling, posting, and commenting, but interacting in a fully-realized computer-generated world. This type of metaverse is being defined today, but the final outcome is something nobody knows.

The transformative metaverse that an EWP Asset Structure creates for your assets is analogous to one of nature’s most miraculous events: the transformation of a caterpillar into a butterfly. Once your assets are placed into a properly designed EWP Asset Structure, they are shielded from taxation, while simultaneously achieving maximum privacy and asset protection. A stunning financial transformation indeed!

The caterpillar world that your assets previously occupied has been freed into the new reality of the butterfly. Your assets remain the same. What these same assets can achieve for you has been fundamentally altered.

This type of financial metaverse has been in existence in various forms since the 1980s. You don’t have to wait for it to define itself. An EWP Asset Structure creates a new reality for your assets by using a simple and straightforward financial tool–life insurance, in the form of Private Placement Life Insurance, or PPLI for short.

This series of videos introduces you to the Metaverse of EWP Asset Structures and how you can use them to achieve maximum tax efficiency, privacy and asset protection.

As the Forbes article below states, some are calling 2022 the year of the metaverse. With this in mind, we bring you an example of how high-end real estate is working with the metaverse.

ONE Sotheby’s Is Selling The First Real-World Home Through The Metaverse Using NFT Technology

Emma Reynolds,Senior Contributor

I cover home design and luxury real estate.

Some might argue that 2022 is the year of the metaverse, and specifically, metaverse real estate.

Together, ONE Sotheby’s International Realty and Voxel Architects, along with general contractor and NFT collector Gabe Sierra, are introducing the first ever ‘MetaReal’ mansion that includes a real-world home and a virtual counterpart in the metaverse. The virtual home will live within The Sandbox metaverse, a community-driven platform where creators can monetize voxel assets on the blockchain.

The buyer of the NFT asset will also acquire ownership rights of the physical home, set to be completed in Miami in Q4 of 2022. This is the first time something like this has been done.

The home in Miami will be built on a one-acre lot in one of the city’s most prestigious neighborhoods. It will span 11,000 square feet and include seven bedrooms and nine bathrooms. The virtual property will exactly mirror this, and Voxel Architects is helping to create it. The ‘MetaReal’ Mansion will be auctioned off in 2022 at a yet-to-be disclosed reserve price. The exclusive sales agent for the property is Michael Martinez of ONE Sotheby’s, who plans to execute the transaction on the Ethereum blockchain.

The metaverse counterpart of the home will serve as an extension of the real-world home, allowing the buyer to host in-home meetings, events and parties with guests from around the world,” Meta Residence founder Gabe Sierra tells Forbes. “By mimicking the real-world environment of the buyer, we are creating an experience that blends the lines between metaverse and reality. Imagine fighting off a dragon, traversing over a mountain range, and finally arriving at your metaverse property, where you are greeted by your friends who are visiting to check out your new Bored Ape NFT. After interacting in your virtual living room, you exit the metaverse, and you are now sitting inside that same real-world house. That is the experience we are creating.”

NFTs as they pertain to real estate are relatively new, and for those who have a hard time making sense of the concept, you’re not alone. In short, the metaverse is a virtual world and there are more than one. Facebook, for example, hopes to be the largest. The tech company changed its name to Meta earlier this year.

Please watch our FIRST NFT COLLECTION

by Michael Malloy, CLU TEP RFC.
CEO, Founder @EWP Financial

Michael Malloy-CLU-TEP