Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

From Sports to Crypto: the first NFT ecosystem for Athletes and Fans

CryptocurrencyJan 12, 2022 09:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
From Sports to Crypto: the first NFT ecosystem for Athletes and Fans

Sports NFTs are becoming increasingly popular thanks to communities associated with sports stars, teams and leagues. A big challenge for fans is getting closer to their favorite athletes, cooperating with them, and even influencing some of their decisions. Blockchain is the vehicle for all this, and Blockasset is what blockchain looks like when it is filled with adrenaline by a fan shouting and encouraging athletes.

To connect star athletes and clubs with their fans with the help of advanced technologies, Blockasset establishes cooperation with major sports celebrities, creates a community of fans, bringing real benefits to NFTs and fan tokens. The BLOCK is the main token of the platform.

What are the benefits for athletes, fans and investors?
Blockasset offers famous athletes an effective way to launch their personal NFT collections and enhance the network effect among active users.

This model has already proven itself and brought many victories that you can be proud of. On two occasions, NFT collections broke sales records on Solana: when Giorgio Chiellini presented his set "Gladiator" in July and when NFT "Legends" dropped in the first week of November. Legends united 5 famous athletes, including Muhammad Ali and Alexander Ovechkin. All the NFTs were sold within 9 minutes, with a sale revenue of $5 million.

Fans admire the unique real benefits and rewards, such as VIP membership on Discord servers, signed merchandise, private AMAs with athletes and even face-to-face meetings. Revealing the enormous power of the "cooperation economy", Blockasset allows users to participate in leagues with athletes and influence their decisions about signing contracts and other projects. Thus, users receive an incentive to accumulate tokens for their needs and remain active in the ecosystem.

Those who want to invest in sports also get a unique set of sports assets. So, new investors are involved in the space with the anti-inflationary uniqueness inherent in NFT. The connection has become easier: users can easily purchase BLOCK for fiat. Thanks to sports platforms such as Blockasset, customers get the opportunity to exploit the potential of the emerging sector. It combines professional sports and innovations.

BLOCK: internal token with built-in utilities
BLOCK is an internal service token that provides access to all the functions of the platform. An efficient cycle increases the price of BLOCK, as users are constantly betting and using tokens.

Those who pay BLOCK in the domestic NFT market will receive significant discounts.

In addition, BLOCK is used to manage the platform, for example, to decide where the project will work in terms of functionality. Unlike universal NFT trading platforms, users can also vote on various aspects related to their favorite athletes: what kind of music they play at certain events and which NFTs they present there.

The game for earnings, another feature supported by BLOCK, will be launched in the second quarter of 2022, further increasing engagement and interaction between fans, investors and sports celebrities. The technical documentation of the project presents independent game universes and NFTs developed by specific companies and clubs under the control of Blockasset.

Increased interest in NFT for specific segments
Investors are starting to pay more attention to NFTs focused on certain segments, such as sports, music, games. These industries have potential use cases. Sports are clearly among such niches, and Solana-based projects are leading the way thanks to its transparency, and it is quite easy to use.

The community will continue to discover various ways to use the power of BLOCK through leaderboards, NFT trading and betting, a game for earnings and support for athletes' initiatives. The more cases are present, the more opportunities for sustained upward price dynamics.

Don't miss the opportunity to participate in this amazing project and think about taking part in the public sales of BLOCK tokens. You can find additional information on the official website and subscribe to the Blockasset account on Twitter (NYSE:TWTR) — there is already serious hype.

Continue reading on BTC Peers

From Sports to Crypto: the first NFT ecosystem for Athletes and Fans

Related Articles

Do Kwon proposes Terra hard fork to save ecosystem
Do Kwon proposes Terra hard fork to save ecosystem By Cointelegraph - May 16, 2022

On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email