- One of the advantages of NFT (Non Fungible Tokens) is that it transfers the fans’ energy and adds value to it by converting it to tangible forms.
- it is coming from the blockchain and crypto gaming firms. It also incorporates a few new teams and a recently launched NFT project.
- This means they can have control over the branding, gameplay, acquisition of players, and team selection. For the coming seasons, tokens will be playing a major role in the voting process in 50% of the teams.
One of the advantages of NFT (Non Fungible Tokens) is that it transfers the fans’ energy and adds value to it by converting it to tangible forms. This is creating an effect in the social tokens and non-fungible token industry. Yat Siu, the co-founder of Animoca brands, has brought this statement forward. Fourteen million dollars have been raised by the fans in alternative sports organizations fan control football. It has been created to support the extension plans of the league, and it is coming from the blockchain and crypto gaming firms. It also incorporates a few new teams and a recently launched NFT project.
FCF was launched in 2017 by Ray Austin, Grant Cohen, Patrick Dees, and Sohrab Farudi. Amidst the pandemic last year, this debut season was launched in a confined environment. There will be a 7 vs. 7 football playing team; games can be visualized live on Twitch. However, the most interesting feature of this league is that the entire game is under the surveillance of the fans and governed by them- who will have the entire voting rights. This means they can have control over the branding, gameplay, acquisition of players, and team selection. For the coming seasons, tokens will be playing a major role in the voting process in 50% of the teams.
Specific funding round was LED forward by the Animoca brands and NFTs in the 40 million series, which also incorporated Delphi Digital. These funds will be used to expand the football league so that there are age teams for the season of 2022 compared to four teams in 2021. It will also be used for a non-fungible token project launch known as The Ballerz Collection.
NFT X Sports
All the new teams will be tied to the Gutter cats and Bored Apes following the reveal of team 80KL (co-founded by Steve Aoki) and Knights Of Degen in October.
This football league is giving out 8888 NFT avatars for the new teams, which the fans can grab. It will help them get their voting rights to decide for the team. The difference among the non-fungible tokens as far as value and rarity is concerned. This means that the expensive tokens will give more benefits and improved voting rights and power. It will also provide the fans with exclusive game tickets and content.
The holders of the Gutter Cat NFT and the board apes Yacht Club will be liable to receive a 50% discount on the purchases of BALLERZ NFT when they are buying tokens that are relevant to the incorporated teams. These non-fungible tokens can drop later this month, and subsequently, the cost of each token will roughly become 580 dollars or 0.1776 ETH.
With coin telegraph, Yat Siu, the co-founder, and chairman of Animoca Brands, mentioned that these tokens will help the friends participate in their favorite sports and decide on the same. For example, fan-controlled football is an evolution where the game is not in the players or on the sports board but in the hands of the fans. Blockchain technology will give an in-depth feeling and meaning to all those playing FCF.
An interview on January 12th with Forbes declared that the co-founder of FCF, Farudi, is now performing experiments with the playing format to find out what is working best for the football league and the fans.