Blockchain Sports, an international sports project, is revolutionizing the world of football by integrating advanced technologies such as IoT, AI, VR, and blockchain. Earlier this year, the project was officially presented at the Coca-Cola Arena, the largest indoor arena in the Middle East, attracting over 5000 people.
Renowned football legends including Kevin Kuranyi, Zico, Romario, David Trezeguet, Westley Sneijder, Marco Materazzi, and more have joined the project as ambassadors and curators. They bring their expertise and experience to contribute to the development of the project.
Led by CEO Dmitriy Saksonov, the Blockchain Sports team has already established three football academies in Brazil, specifically in Rio De Janeiro, Acopiara, and Sobral. Through these academies, the team has identified and recruited over a hundred talented young players from the favelas, who will become the first digitized athletes. The project has received support from the Brazilian government and has recently launched its custom blockchain solution called Atleta Network. One of the groundbreaking features of this network is the NFT Marketplace, where digital cards representing each academy player are available.
These digital cards are created through the process of athlete tokenization. Users can support their favorite athletes by purchasing digital tokens, which are stored securely and transparently on the blockchain ledger.
The athlete tokenization process consists of five stages, ensuring transparency and accessibility. In the first stage, the project employs a rigorous quality assessment process to identify the stars of tomorrow. A team of experts analyzes the athletes’ performance and skills using IoT sensors that capture statistics such as speed and activity time. This evaluation allows for a fair market value to be assigned to each athlete.
Transparency is maintained in the second stage through partnerships with the athletes’ organizations. These organizations provide verified data and endorse the tokenization process, ensuring the legitimacy and qualifications of the athletes.
Once verified, Blockchain Sports mints unique ERC-1155 standard tokens, or digital cards, for each athlete. These tokens represent ownership and a connection to the athlete’s journey.
To ensure widespread participation within the ecosystem, Blockchain Sports strategically issues 20% of the tokens to the public, while the remaining 80% are securely stored in an escrow for liquidity pools. These pools create a robust marketplace for future trading, allowing users to easily buy, sell, and trade their athlete tokens.
The grand finale of the athlete tokenization process is the Initial Athlete Offering (IAO), where users can start purchasing tokens of their chosen athletes.
BCSports’ athlete tokenization is not just a financial instrument, but a game-changer for the sports industry as a whole. It allows passionate users to directly support their favorite players and share in their triumphs, democratizing athlete investment that was previously exclusive to institutions and the wealthy.
For athletes, tokenization provides a new way to connect with their fan base, monetize their talent, and have greater transparency and control over their marketing.
This innovative ecosystem created by Blockchain Sports extends beyond individual athletes and users. Organizations gain powerful tools for fan engagement and revenue generation, while sponsors have the opportunity to form targeted partnerships with tokenized athletes, reaching a passionate and highly engaged audience.
To learn more about the academies, athlete partnerships, and upcoming products, visit the Blockchain Sports website. Exclusive athlete training content can also be found on their Instagram page. Stay connected with the latest news and updates on X.
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