Press Release View Non-AMP

New era of the sports industry. Support young football players through tokens

Published by
PR Manager

Blockchain Sports is the first international sports project building the future of world football, by combining advanced IoT, AI, VR, and blockchain technologies. At the beginning of the year, the official presentation of the Blockchain Sports Ecosystem project gathered more than 5000 people under the roof of Coca-Cola Arena, one of the biggest indoor arenas in the Middle East. 

Many world-famous football legends like Kevin Kuranyi, a German professional player, Zico and Romario from Brazilian national team, David Trezeguet, who played for the Italian national team and is a double champion of France and Italy, Westley Sneijder a Dutch former professional player with a record for the number of matches played, Marco Materazzi, a former player from the Italian team, and others joined the project as ambassadors and curators. 

Dmitriy Saksonov, CEO of Blockchain Sports, and the team have already established three football academies in Brazil (Rio De Janeiro, Acopiara, Sobral) and scouted over a hundred talented young players from favelas to become the first digitized athletes. The project, supported by the Brazilian government, announced the launch of its custom blockchain solution, Atleta Network. Among numerous groundbreaking products, the network encompasses the NFT Marketplace with digital cards representing each academy player.

These cards are created by implementing athlete tokenization. This process allows users to directly support their favourite athletes through a secure and transparent ledger by purchasing digital tokens.

How athlete tokenization works

Blockchain Sports breaks down the athlete tokenization process into five clear stages, ensuring transparency and accessibility.

Stage 1: Identifying the Stars of Tomorrow

The project employs a rigorous quality assessment process. A team of experts analyze an athlete’s performance and current skills. During games and training sessions, players wear IoT sensors that capture their statistics, such as speed, activity time, etc. This meticulous evaluation culminates in assigning a fair market value to each athlete, ensuring a balanced foundation for the tokenization process.

Stage 2: Building trust. Partnering with the athletes’ organizations 

Transparency is paramount. The athlete’s affiliated organization plays a vital role by providing verified data and endorsing the tokenization. This ensures the legitimacy and qualifications of the athletes, fostering a secure and trustworthy environment for all participants.

Stage 3: From player to pixel. Minting the tokens

Once verified, Blockchain Sports leverages blockchain technology. They mint unique ERC-1155 standard tokens, or simply digital cards, for each athlete. These tokens represent ownership and a connection to the athlete’s journey.

Stage 4: Balancing the ecosystem

Accessibility is key. Blockchain Sports strategically issues the tokens, offering 20% to the public. This ensures widespread participation within the ecosystem. The remaining 80% are securely stored in an escrow, specifically allocated to create liquidity pools. These pools guarantee a robust marketplace for future trading, allowing users to easily buy, sell, and trade their athlete tokens.

Stage 5: The Initial Athlete Offering (IAO)

The grand finale arrives with the IAO. This pivotal event allows users to start purchasing tokens of their chosen athletes.

BCSports’ athlete tokenization isn’t just about a new financial instrument; it’s a game-changer for the entire sports industry. Traditionally, athlete investment was an exclusive club for institutions and the wealthy. Now, passionate users can finally join the game, directly supporting their favorite players and sharing in their triumphs.

For athletes, tokenization breaks free from the limitations of traditional sponsorships. They can directly connect with their fan base, monetizing their talent and building a deeper connection with their supporters.  This system also empowers athletes with greater transparency and control over how they’re marketed.

The impact goes beyond individual athletes and users.  A dynamic new ecosystem is emerging within the sports industry. Organizations gain powerful tools for fan engagement and revenue generation, while sponsors unlock targeted partnerships with tokenized athletes, reaching a passionate and highly engaged audience. 

Join the movement:

Visit https://football.bcsports.io to learn more about academies, athlete partnerships and upcoming products.

Watch exclusive athlete training content on Instagram: https://www.instagram.com/blockchain.sports/

Stay connected with the latest news and updates on X: @blockchainsprts

PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Recent Posts

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…

April 2, 2025

Trump Tariffs Live: Bitcoin Price Rallies To $87000 On ‘Liberation Day’

Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…

April 2, 2025

Grayscale Announces Launch of Two New Bitcoin ETFs: Here’s What They Are

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025