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RE: What Is SportyCo and Will It Change the Sports Industry?
Yes, great question. :) Well, I think some projects need a platform where you can find others, to have at least an overview. It would be great to pay them in Bitcoin that´s true, but I think that the developers need some money as well, nobody is going to work for free. Decentralized in this case is more about investing in the different athletes, and that everybody can do participate. At least in my opinion. That´s why I like the project, and it´s not getting that much attention. The platform is launching soon, which is great. :)
Hmmm, I see what you mean. Of course not, nobody works for free! But what does the investor get out of the deal? Is it kinda like a sponsorship? A charity to a particular athlete?
Yes, it says in the whitepaper that Donating and Investing are possible. Not sure if they will be paid in Tokens or in Fiat.
Investors will be able to invest into athletes, teams, clubs or other sport organizations and in
exchange for an upfront investment receive, for example:
» a share of future image rights of an athlete;
» a share of future sponsorship proceeds;
» commercial rights relationships;
» a share of transfer rights;
» other athletes’ economic rights.
Well, it´s operating more like an "intermediary" but I think some projects need still some kind of intermediary because otherwise, it will be impossible to match them perfectly together. But just my opinion ;)
I guess I should read the whitepaper before asking questions 🙄 But thanks for the info anyways! It’s interesting to me because I was an athlete growing up but couldn’t afford to really excel in sports outside of the school year because joining a club team is out of pocket. I still managed to win state twice in wrestling and was an honorable mention in USWrestler magazine, but I know I didn’t reach my full potential due to money situations. So this idea and if this platform launches like planned, I think it could due very well. The only problem is getting awareness of this platform to the public, and people not truly understanding what blockchain can provide as one of my blogs “The Crypto Rise” goes into. But I think this will work itself out overtime.
Yes, you should :D. Anyway, you are the perfect example that the platform could do very well :).