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The company said the funds will be invested into early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the Socios.com partner network. Go to Source Powered by WPeMatico
Following men’s cricket, the Board of Control for Cricket in India (BCCI) prohibits the women’s teams from having commercial associations and other sponsorships with crypto businesses. Go to Source Powered by WPeMatico
Smaller-scale esports organizations have started using blockchain tech for distributing prize pools, but the tech is yet to be adopted by the big tournament organizers. Go to Source Powered by WPeMatico
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building up brand recognition among sports fans before it went bankrupt. FTX Sign Being Dismantled as Miami Heat Seeks New Naming Rights Partner for Its Arena … Read more
Gaming companies Zebedee and Thndr are taking advantage of the Lighting Network, atop Bitcoin, to entertain and onboard gamers into Bitcoin. Go to Source Powered by WPeMatico
A look at the many ways in which nonfungible tokens are being utilized to increase fan engagement in the sports sector. Go to Source Powered by WPeMatico
The prolonged crypto winter razed off the inflated floor prices across the NFT ecosystem, inadvertently changing investor sentiment and forcing users to rethink their long-term investment strategies. Go to Source Powered by WPeMatico
The Esports 3.0 Platform has secured an extra 50M commitment following its current token raise GEMS prepares for a listing in the coming months. GEMS is honored to announce its new $50 million Investment Commitment from GEM Digital Limited (‘GEM Group’), a digital asset investment firm based in The Bahamas. GEM Group actively sources, structures, … Read more
Deloitte expects an eventual rise in blockchain-enabled innovations; as a result, “The use of NFTs, crypto, fan tokens, and ticket innovations will grow and evolve.” Go to Source Powered by WPeMatico
Are crypto companies sponsoring F1 for the glitz and glamor, or will NFTs demonstrate important use cases behind these partnerships? Go to Source Powered by WPeMatico
