SportsCastr’s FanChain is a blockchain ecosystem for the multi-billion dollar global sports market
New York, September 17, 2019 (GLOBE NEWSWIRE) – (via Blockchain Wire) – SportsCastr, the live streaming platform that allows anyone to become a sports commentator, 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 redeem tokens, and provides tools for teams, leagues and corporations. media that allow them to easily integrate a blockchain solution specially designed for sports. industry.
On SportsCastr, viewers can now send broadcasters virtual gifts and tips which can then be redeemed 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 on FanWallet.com.
âThe rise of digital distribution platforms, social media, live video and blockchain technology have all converged to pave the way for SportsCastr to thrive,â said Kevin April, CEO of SportsCastr. “With the launch of FanChain, anyone can use SportsCastr to not only connect to a global network of like-minded sports fans, but to step into 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 the media. The FanChain ecosystem includes a wallet and a decentralized application that third parties can integrate, both available today.
FanChain has partnered with LATOKEN, a leading cryptocurrency exchange, to allow token buyers to buy from 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 network of sports fan clubs, which helps fans find game night or fan club chapters for any team in any city. FanWide will integrate FanChain to provide cryptocurrency rewards for attending watch nights and engaging on their platform. FanWide also integrates features into its platform to entice its users to âgo liveâ on SportsCastr from the hundreds of thousands of watch games listed through its service.
The FanChain token exploits a unique combination of fungible and non-fungible characteristics that allow 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 who create 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 rights holders to stream live sports games and events that are enhanced by social interactivity and multiple choices of comments. 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-chair 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 platform of NFL players. In 2019, Super Bowl XLVIII champion Richard Sherman became the company’s first brand ambassador and regularly streams on the platform.
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