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S.S.C Napoli To Launch $NAP Fan Token On Socios.Com

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S.S.C Napoli To Launch $NAP Fan Token On Socios.Com
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S.S.C Napoli in partnership with Chiliz, the leading blockchain providers for the sports and entertainment industry, have officially announced that they will launch a $NAP Fan Token on the fan engagement and rewards app Socios.

Fan Tokens are collectible digital assets, minted on the Chiliz blockchain, that provide owners with access to voting rights in polls, VIP rewards, exclusive promotions, AR-enabled features, games and competitions on Socios.

The $NAP Fan Token will grant I Partenopei worldwide unprecedented access to the club. Engagement opportunities for $NAP Fan Token holders will include the chance to vote in interactive club polls on the Socios app.

In addition, fans will be able to put their skills to the test against other fans from around the world in games, competitions and quizzes, competing in global leaderboards and earning real-life and digital club-related rewards, benefits and experiences along the way. Fans can also look forward to accessing exclusive content and experiencing Socios’s geo-location, augmented reality feature ‘Token Hunt’.

Details on when the $NAP Fan Token will launch, as well as the price and supply will be revealed shortly.

For SSC Napoli, the partnership with Socios. represents real added value, helping the club reach its fans globally and engage with them in new and innovative ways. The polls and the additional engagement opportunities Napoli will create with Socios will help grow the club’s brand presence internationally, reinforcing the day-to-day relationships with fans all over the world.

Socios is a direct-to-consumer (D2C) platform that uses blockchain technology to provide the world’s leading sporting organisations with the tools to engage with and monetize their global fanbases. Over 1.2 million fans across the world are now using Socios.

More than 90 major sporting organizations have partnered with Socios, including FC Barcelona, Paris Saint-Germain, Juventus, AC Milan, Atlético Madrid, Manchester City, Inter Milan, Arsenal and the Argentina and Portugal national football teams, as well as a number of leading teams from F1, esports and cricket. Napoli will become the sixth Serie A club to launch a Fan Token on Socios.

Created by Chiliz, the leading blockchain provider for the global sports and entertainment industry, Socios has major expansion plans and is targeting many more Fan Token launches throughout the world. The company has multiple office locations around the globe. It has recently opened new regional headquarters in Madrid, Istanbul, São Paulo and Buenos Aires, and will soon open a North American office.

Serena Salvione, Chief International Development Officer of Napoli said: “Partnering with Socios has a special value for us, being the brand more and more involved in global projects and driven by fans’ engagement objectives. We are constantly looking for new ways to make our fans feel part of the club in the digital environment and for them to have their voices heard on a daily basis. Socios will help us in doing that and we can’t wait to work closely with our new partner and come up with unique activation ideas”.

Alexandre Dreyfus, CEO of Chiliz and Socios, said: “Napoli is a world-renowned club with an illustrious history and a proud, passionate fanbase. We look forward to creating unprecedented engagement opportunities for I Partenopei across the world.

“Today’s announcement takes our roster of Serie A partners up to six teams; that means a quarter of Italy’s biggest clubs are now using our platform to improve the fan experience for their global support.”

“We have established a very strong presence in the Italian sports industry, but our mission to shift passive fans into active participants in Italy and around the world continues. There is so much more to come.”

Blockchain

Blockchain betting market, Azuro, aims to tackle liquidity problems with the latest seed funding round

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The global betting and predictions market is expected to grow to over $92 billion by 2023 as new players, nations, and states embrace the industry. Huge economies such as the U.S. have long prohibited gambling but in 2018, some states legalized the practice, adding $1.5 billion to the global recorded figure of online betting revenue by the end of 2020.

Image source: Azuro

With many other states expected to follow the path, the gambling industry may surpass the predicted figure – $100 billion in annual revenue being the target by the end of 2023.

In light of the explosive rise in sports betting during the pandemic, many decentralized betting protocols have come up trying to sway users and players towards blockchain-based prediction markets. On Wednesday, Azuro, a decentralized DAO of betting and prediction markets, announced a successful $3.5 million seed funding round led by top VCs and angel investors ranging from DeFi, GameFi, traditional betting markets, and other blockchain-related areas.

The seed investment round was led by three companies namely Gnosis, Polymorphic Capital, and Flow Ventures. Other investors in the round included Ethereal Ventures, Arrington XRP Capital, AllianceDAO (a.k.a. DeFi Alliance), Delphi Digital, Meta Cartel Ventures, Merit Circle, and Clever Advertising.

Since the launch of decentralized prediction platforms in 2017, the space has rather stagnated despite the demand from players and the crypto ecosystem skyrocketing to a $3 trillion market capitalization. While many attempts have been made to make them work, most of these platforms have failed terribly in delivering on the fundamentals that Web2 betting companies capitalized on including an array of events, deep liquid markets, competitive odds, and multiple betting options. Additionally, current blockchain-based betting solutions suffer from single liquidity providers, product depth, and a bad UX for their players.

The latest capital injection into Azuro aims to solve these problems by launching a transparent, trustless, and decentralized platform. Currently, liquidity providers (LPs) on prediction markets have to start markets manually, set the odds and seed liquidity to each market they create. This means the LPs hold all the betting risks while having little incentive to do so. This has caused massive capital and liquidity exiting the decentralized prediction markets – as it happened with Gnosis, a partner of Azuro.

Furthermore, prediction markets are inefficient for bets with 3 or more outcomes. Most are bound to stick with YES/NO markets, which is dramatically insufficient especially for sports and related bets with more than two outcomes. Lastly, most of these platforms face regulatory pressure and geographical constraints, which could impact the growth of betting markets or even see them shut down.

Unlike its competition, Azuro is building a new protocol to enhance liquidity provision and minimize the betting risks for LPs on the platform. The platform employs a “pooled liquidity structure”, similar to DeFi protocols, which means LPs will not have to manually create markets and are not exposed to the betting market’s systematic risks. Instead, the risk is spread across all betting markets on the protocol, and therefore dramatically reduced for the LPs.

Additionally, the funds will be used to build a friendly UX architecture that allows for the full depth of the betting product available at centralized sportsbooks and a classic frontend, similar to traditional betting markets. Unlike most of the decentralized prediction markets today, Azuro will also allow users to easily set up multiple betting options, moving from the binary “Yes/No”, currently widely spread across decentralized prediction markets.

The decentralized betting governance protocol

Over the past year, DAOs have become the norm in the crypto industry, allowing participants on the platform to vote on proposals made to improve or upgrade the protocol. Similarly, Azuro plans to launch its DAO to reduce the external influence from regulators and authorities.

According to a statement, the platform holds liquidity as the base infrastructure layer with players and customer interactions built on top of it. This approach “outsources much of the direct-to-consumer efforts and relieves Azuro from most of the regulatory, KYC, legal and operational lift”, the statement further reads. Azuro breaks the role of traditional bookmakers into smaller roles, much more attainable for smaller participants. Azuro connects these participants in an elaborate dance thus providing players with a better experience in a decentralized way.

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Blockchain

EVOS Esports Partners with Metaverse Game Avarik Saga

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Southeast Asian esports organisation EVOS Esports has partnered with Avarik Saga, a Japanese RPG NFT P2E metaverse game, to expand the former’s collection of games, including the adoption of blockchain-based games.

Set to launch in the third quarter of this year, Avarik Saga is a strategic team-building game under the Japanese RPG genre that aims to bring the modern game experience into the NFT metaverse space. Under the partnership, EVOS Esports will introduce blockchain technology to potentially untapped audiences in Indonesia and other Southeast Asian countries. This includes people who have not previously engaged with NFTs or games in general.

According to EVOS, it believes NFT play-to-earn (P2E) metaverse games such as Avarik Saga can empower fans and communities, and this partnership will propel the company towards its ambition of becoming the first blockchain game company in Indonesia.

EVOS CMO Michael Wijaya said that he is very excited that EVOS can help Avarik Saga tap into existing local gaming communities and introduce the first Indonesian NFT P2E Metaverse RPG game, as well as foster a solid relationship to spearhead the blockchain game experience.

In September last year, Avarik Saga released its first playable NFT character collection of 8888 genesis NFTs, which sold out in less than an hour. The collection is currently available for trading in a secondary NFT marketplace, OpenSea.

While leveraging the enticement of RPG gameplays, Avarik Saga itself aims to use its P2E format, coupled with the enticement of RPG gameplays, to help accelerate the mass-market adoption of NFT gaming in Southeast Asian countries.

Avarik Saga CEO Kevin Cahya said that P2E is a mechanism that can only be a worthwhile venture if the game drives excitement and value to the community.

“In the end, the core of the game itself has to be enjoyable. A strong lore that entices the user to the Avarik Saga universe, a clear game mechanic that is engaging and content that makes the player want to come back is key. So, we want to develop an attractive game that appeals to the masses, even Gojek drivers and warung (small shop) owners, so they can earn real money while experiencing a digital world,” he added.

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Blockchain

Abstraction Enters Blockchain Game Development Space with Mythical Games Partnership

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Abstraction Enters Blockchain Game Development Space with Mythical Games Partnership
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Studio renowned for technical prowess and creativity chosen as part of initial group of developers to work with new crypto-powered games platform

Abstraction, a creative game development studio based in The Netherlands, is one of the first to partner up with Mythical Games. Recently valued at $1.2 billion, Mythical Games has selected to work with Abstraction on an action-strategy game based on the developer’s own proprietary technology, which will be integrated into Mythical’s new crypto platform.

“Mythical Games is at the forefront of scarcity-driven game design, and it’s exciting to be here at the beginning with them, exploring new ways to unlock the potential of crypto-powered games,” said Ralph Egas, CEO and Founder of Abstraction. “We share Mythical’s vision for player-owned economies and NFTs and are eager to apply our extensive AAA game development experience to the Mythical Platform, leveraging blockchain technologies to help set the industry standard for play-to-earn and digital ownership within video games.”

In line with the goals of the Mythical Platform, the unnamed action-strategy game will be play-to-earn, unlocking the player’s ability to reap rewards based on NFTs (non-fungible tokens), which use the transparency and security of the digital ledger of blockchain to authenticate rare items. Built on “a private EVM-compatible sidechain,” the Mythical Platform allows players to value and sell their own in-game items. It can integrate with existing games or be part of a new game, and includes tools for trades, payments, integration with in-game inventory, and fraud protection.

“We have been working with the team at Abstraction for over a year on a prototype using the incredible simulation tech they have built,” said John Linden, Co-founder and CEO of Mythical Games. “This is the type of innovation that can completely change a game experience for the better; we believe a combination of their technology and our economic platform has the potential to create a new and exciting game economy that players will enjoy for years to come. We are excited to work with Abstraction on bringing this evolution to life.”

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