New York, Sept. 17, 2019 (GLOBE NEWSWIRE) — (via Blockchain Wire) — SportsCastr, the live streaming platform that empowers anyone to become a sportscaster, today announced the launch of FanChain. In development since last year, FanChain includes a cryptocurrency (the “FANZ” token) that allows sports fans to earn and trade tokens, and provides tools for teams, leagues and media companies that allow them to easily integrate a blockchain solution specifically designed for sports. industry.
On SportsCastr, viewers can now send broadcasters virtual gifts and tips which can then be exchanged for FANZ tokens. This allows broadcasters to directly reward their favorite fans and athletes who broadcast live on the platform. SportsCastr also now offers an integrated blockchain-powered FANZ wallet, a standalone version of which is available at FanWallet.com.
“The rise of early digital distribution platforms, social media, live video and blockchain technology have all converged to pave the way for SportsCastr to thrive,” said SportsCastr CEO Kevin April. “With the launch of FanChain, anyone can use SportsCastr to not only connect to a global network of like-minded sports fans, but also to enter a new digital economy.”
FanChain’s goal is to connect a fragmented multi-billion dollar sports market with tokens that can be digitally stamped and tracked by athletes, teams, leagues and media. The FanChain ecosystem includes a wallet and a decentralized application that third parties can integrate with, both of which are available for use today.
FanChain has partnered with LATOKEN, a leading cryptocurrency exchange, to allow token buyers to purchase FANZ and SportsCastr users who earn FANZ to trade or sell their tokens.
SportsCastr recently announced an exclusive partnership with FanWide.com, America’s largest sports fan club network, which helps fans find local game-watching parties or fan club chapters for any team in any any city. FanWide will integrate FanChain to provide cryptocurrency rewards for attending watch parties and engaging on their platform. FanWide also embeds features into its platform to entice its users to “go live” on SportsCastr from the hundreds of thousands of watch parties listed through its service.
The FanChain token leverages a unique combination of fungible and non-fungible characteristics that allows team loyalty to be embedded into individual tokens, which can be produced and transmitted across multiple platforms. This allows SportsCastr and other members of the FanChain ecosystem to reward fans for creating value for their favorite teams, and allows brands and organizations to target and reward their most passionate fans.
SportsCastr is a technology company that develops and operates a live streaming platform that allows users to be their own commentator and enables rights holders to broadcast live sports games and events that are enriched with interactivity social and multiple comment choices. The Company’s investors include SGI MB; NBA Commissioner Emeritus David Stern; Super Bowl champion Vernon Davis, NBA All Star Steve Smith, O’Melveny & Myers Sports co-president Charles Baker and coaching legend Jim Boeheim. In the summer of 2018, the NFL Players Association acquired a minority stake in the company, making SportsCastr an officially licensed NFL player platform. In 2019, Super Bowl XLVIII champion Richard Sherman became the company’s first brand ambassador and streams regularly on the platform.