Indian sports buffs can now vote for their favourite team's jersey using blockchain
Sportzchain brings a unique opportunity for fans to earn money by influencing the decisions of their favourite sports teams
By Shashank Bhardwaj
Sportzchain, a blockchain-based fan-engagement company, has announced the launch of its flagship fan tokens platform. This groundbreaking initiative will provide fans with a usable poll platform that will ensure their participation in a team's development journey. Siddharth Jaiswal, founder and CEO of Sportzchain, said in an announcement:
"We are thrilled to finally introduce our flagship decentralised web platform that will allow sports fans to influence a team directly. This is the first time in the Indian arena that a platform is enabling fans to invest in a tokenised membership of the team, AKA fan tokens and vote to impact that team’s sporting decisions like training jersey design and playing schedules. At present, we are planning to induct three polls, but with time this number will grow, and so will fan participation. Soon, we’ll launch fan tokens so that fans can join this tokenised membership of their favourite teams sporting decision and also partake in financial gains."
The brand has reportedly begun the Alpha phase of its decentralised web application. It is now actively preparing to launch the Beta phase by the end of August. This step gives fans the ability to have their voices heard. Users can vote on binding/non-binding polls to express approval or disapproval on team decisions, whether it is deciding the theme of the jerseys for the team's training sessions or other elements. For now, the users can vote in polls for two kabaddi teams (Dabbang Delhi and Tamil Thailaivas) and one cricket team (Iceland Cricket team).
The platform's native token, $SPN, will be minted in August 2022. To gain access to the opportunity, users must have $SPN. Aside from platform rewards, lucky participants will have the chance to win an iPhone, Arena vouchers, and much more. Sportzchain aspires to build the ultimate 'invested fan-base.' Each fan of the fanbase will be a 'ZuperFan,' endowed with 'imperium superpowers' that allow them to effectively influence the decisions related to their favourite teams while also earning money.
$SPN token holders will also have exclusive access to several VIP privileges. Further, the token holders will be able to participate in various contests and other activities with their favourite teams. Sportzchain also brings the opportunity for its users to play and win rewards through gamification. Gamification is a unique concept bringing casual and fantasy gaming together. Users will also have the opportunity to buy merchandise of their favourite teams at a discounted price. Sportzchain also allows its users to have access to exclusive sports tokens, talent tokens and NFTs.
Shashank is the founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash
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WazirX co-founders shifting base to DubaiRead More..
Blockchain.com reportedly exploring IPO this yearRead More..
CoinDCX raises over $135 million in fresh funding round, now worth $2 billionRead More..
Atari terminates blockchain joint venture with ICICB GroupRead More..
Monero's July hard fork confirmed by its communityRead More..
Backed by Shark Tank's Kevin O'Leary, WonderFi set to acquire Canadian exchange CoinberryRead More..
US Govt Links North Korea to Axie Infinity HackRead More..
Jack Dorsey's first tweet NFT resells for only $280Read More..
Opera crypto browser now available on iOSRead More..
Beanstalk Stablecoin protocol loses $182 million in governance exploitRead More..
Jack Dorsey vs. Vladimir Tenev on Bitcoin transaction feesRead More..
Ripple claims 'a very big win' in SEC caseRead More..
Argentinian town to invest in crypto mining to fight inflation, upgrade rail infraRead More..
Pantera Capital closing fundraise for its blockchain fund after raising $1.3 billionRead More..
Homegrown blockchain co Polygon commits to go carbon neutral this yearRead More..
NBA registers four NFT trademarksRead More..
US crypto expert jailed 63 months for helping North KoreaRead More..
Fortnite developer Epic Games raises $2 billion to build for the metaverseRead More..
Indian companies storm the metaverse and NFT spaceRead More..
Coinbase is producing a movie trilogy on Bored Ape NFTsRead More..
Multiple Indian Twitter accounts hacked, NFT content postedRead More..
German police shut down $1.3 billion illegal darknet firmRead More..
Meta tests sale of virtual goods in metaverseRead More..
Bitcoin 2022 Conference: Bitcoin Maximalists attack national currenciesRead More..
Binance Gets In-Principle Approval to Operate as Crypto Broker in Abu DhabiRead More..
EU limits Russians' crypto investments to 10k EurosRead More..
Coinbase suspends UPI payments in India three days after launchRead More..
From KFC to Tesla, Dell: Crypto-curious corporations struggle to find right recipeRead More..
In Texas, crypto miners turn to solar powerRead More..
South Africa concludes technical Proof-of-Concept for its CBDC settlement systemRead More..
Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
Meta working on virtual money 'Zuck Bucks': reportRead More..
Germany closes Russian darknet marketplace HydraRead More..
Britain paves way to accept stablecoinRead More..
Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
ECB's Lagarde 'concerned' about crypto use to dodge Russia sanctionsRead More..
Crypto provides fix for some in crisis-hit AfghanistanRead More..
Bitcoin to the rescue: Cryptocurrencies' role in UkraineRead More..
Digital art in spotlight as Dubai makes crypto hub bidRead More..
G7 looks to thwart cryptoassets use as Russian sanctions dodgeRead More..
Can cryptocurrencies give Russia, others breather from economic sanctions?Read More..
Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..