Onfolio Web 3 subsidiary achieves first profitable month

Onfolio announces that its Web3 media brand “Web3 Gam3r” achieved its first profitable month in October. “We started this brand right at the end of the last Crypto bull run in early 2022 as a way to build a media presence in the crypto space, particularly the gaming arena. The space has had a tough time since early 2022, but we continued growing a small media brand and cultivating a passionate following in the “Web3 Gaming” space. Part of the challenge was that we didn’t want to use a large amount of capital to grow the brand, while reaching profitability as soon as possible. The long term vision is to keep building out a profitable brand to capture large upside during the next crypto bull run, assuming the space heats up again in the future. Being able to do so profitably is key, and is a testament to the small but passionate Web3 Gam3r team. Essentially what we have now is being paid to hold a call option on the Web3 gaming space,” said Onfolio CEO Dom Wells.