tl;dr
Blockchain Sports is a pioneering international sports project using advanced technologies like IoT, AI, VR, and blockchain to revolutionize world football. The project has enlisted renowned football legends as ambassadors and curators and established football academies in Brazil. It has also launch...
Blockchain Sports is transforming world football by utilizing advanced technologies like IoT, AI, VR, and blockchain. The project has enlisted football legends as ambassadors and established football academies in Brazil. It has also launched Atleta Network, a custom blockchain solution with an NFT Marketplace for digital athlete cards through athlete tokenization.
The athlete tokenization process involves five stages to ensure transparency and accessibility, allowing users to support their favorite athletes by purchasing digital tokens. This system aims to democratize athlete investment and create a new ecosystem within the sports industry.
Blockchain Sports is the first international sports project combining advanced IoT, AI, VR, and blockchain technologies, with renowned football legends as ambassadors and curators. The project has already established three football academies in Brazil and scouted over a hundred talented young players from favelas to become the first digitized athletes.
The project has announced the launch of Atleta Network, a custom blockchain solution supported by the Brazilian government. Among its products, the network includes an NFT Marketplace with digital cards representing each academy player. These cards are created through athlete tokenization, allowing users to directly support their favorite athletes via purchasing digital tokens.
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. IoT sensors capture players' statistics during games and training sessions, allowing for a fair market value assignment to each athlete for the tokenization process.
STAGE 2: BUILDING TRUST. PARTNERING WITH THE ATHLETES’ ORGANIZATIONS
The athlete’s affiliated organization provides verified data and endorses the tokenization process, ensuring legitimacy and fostering a secure and trustworthy environment.
STAGE 3: FROM PLAYER TO PIXEL. MINTING THE TOKENS
Blockchain Sports mints unique ERC-1155 standard tokens, or digital cards, for each athlete, representing ownership and a connection to the athlete’s journey.
STAGE 4: BALANCING THE ECOSYSTEM
The tokens are strategically issued, offering 20% to the public for widespread participation. The remaining 80% are securely stored in an escrow, specifically allocated to create liquidity pools for future trading.
STAGE 5: THE INITIAL ATHLETE OFFERING (IAO)
This pivotal event allows users to start purchasing tokens of their chosen athletes, democratizing athlete investment and creating a new ecosystem within the sports industry.
BCSports’ athlete tokenization democratizes athlete investment, allowing passionate users to directly support their favorite players. Athletes benefit by monetizing their talent and building a deeper connection with their supporters, while gaining transparency and control over how they’re marketed. This system also empowers athletes with greater transparency and control over how they’re marketed.
A dynamic new ecosystem is emerging within the sports industry, benefiting organizations, sponsors, athletes, and passionate users alike.
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