The Fan Controlled Football League (FCF) is gearing up for its second season after closing a $40 million Series A led by Animoca Brands and Delphi Digital, the league announced Wednesday.The FCF is an alternative professional sports league where fans vote on real-time decisions for their team, including play calling and roster management.“We call the league a real-life video … [Read more...] about ‘Fan Controlled Football League’ Goes Crypto With $40M Investment From Animoca, Delphi
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Arsenal FC Fan Token Ads Criticized by UK Regulator
Arsenal said the tokens differed from cryptocurrencies, which are a means of payment, as they were designed for entertainment and to encourage fan participation. The tokens could not, at the time the ads appeared, be traded on the Socios app. The club also denied that the ads were for cryptocurrency investments. Source link … [Read more...] about Arsenal FC Fan Token Ads Criticized by UK Regulator
New England Patriots Partner With Fan Token Site Socios
Socios made its foray into the American sports market in October when it announced partnerships with 24 National Basketball Association (NBA) teams. However, U.S. securities laws are seen to be a potential hurdle for tokens promising rewards for sports superfans, along with league-wide partnership implications. No such tokens have yet to launch in any of the major U.S. sports … [Read more...] about New England Patriots Partner With Fan Token Site Socios
Crypto fan tokens a mixed bag for game-deprived soccer fans
Soccer fan tokens emerged as an offshoot of the tokenization craze in cryptocurrency sometime around 2019. Essentially acting as tokenized shares of influence, fan tokens give supporters of sports organizations the chance to take part in club polls, win unique prizes, and gain a small say in club decisions which are designed to spur increased fan engagement but are often only … [Read more...] about Crypto fan tokens a mixed bag for game-deprived soccer fans
Chiliz takes to the track with Formula 1 fan tokens
The popular ‘fan token’ reward and engagement blockchain Chiliz notched another win yesterday by signing a pair of popular European racing teams. In a press release on Friday, Socios.com — a fan token app built on Chiliz — announced that Aston Martin Cognizant and Alfa Romeo Racing were the latest to launch tokens on the platform. Fan tokens have been used to distribute … [Read more...] about Chiliz takes to the track with Formula 1 fan tokens