The appetite for blockchain-based fan tokens appears to be limitless among big-league soccer clubs across the globe.
A token is a unit of value that is released by an organization and based on a blockchain, acting as an alternative for tasks when a cryptocurrency is unable to be used. Tokens exist digitally as a distributed record in the register of a blockchain. To understand tokens better, it is important to realize that they are to attract investors in an initial coin offering or ICO. While new Bitcoins are made through mining, new tokens are made by an individual or entity that already has Bitcoins or other kinds of digital money. Everyone can invest in a start-up with a guarantee of getting a share of the income from transactions. So here, tokens work as stock but does not give its owner managing rights in the company. Inside an application, tokens function as an internal currency for buying products and services and they facilitate the investment of fiat money into the cryptocurrency-related projects. Here they perform as debentures with a guarantee of profit in a fixed period of time.
With Uniswap’s liquidity mining rewards program set to end in one week, the project has called a community meeting to discuss how to move forward.11241
Crypto exchange Zebpay aims to create an ecosystem for digital-collectible fans in India.9261
DragonEx is introducing a new withdrawal method in an effort to save its business.11012
Paxos CEO Charles Cascarilla sees a bright future for tokenized assets — possibly through PayPal7303
DLA Piper’s new tokenization platform has already completed its first asset tokenization with a “piece of fine art.”7030
Non-fungible tokens are booming, with Animoca Brands and Skymarch revealing upcoming gaming titles powered by NFTs.5209
For now at least, the partnership appears focused on mutual brand outreach and marketing.4059
DeFi can be difficult to understand, but a new platform is aiming to make this industry accessible to all — and tackle downsides associated with behavioral investing.7678
Navi aims to expand fan engagement with a blockchain-based token.4370
Security token markets continued to slump last month, with sector-wide trade volume receding by more than 40%.7587
The team behind a new decentralized exchange says Uniswap has its flaws — and it is determined to fix them.5834
Raising $10 million out of $117 million to date, INX expects to finish the IPO by year’s end.4990
While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable.9742
With a market cap now over $1.5 billion, Wrapped Bitcoin (WBTC) makes up 80% of the total BTC held on Ethereum.9871