André Figer, vice chairman of one of many largest sporting profession administration corporations in Brazil, has his eyes firmly set on tokenizing
André Figer, vice chairman of one of many largest sporting profession administration corporations in Brazil, has his eyes firmly set on tokenizing soccer gamers.
The well-known entrepreneur informed Cointelegraph Brazil that blockchain expertise and athlete tokenization has the potential to remodel the administration of sport worldwide.
The Figer Group has been concerned in lots of important strikes within the soccer world, together with the transfer by midfielder Giovanni to Barcelona, the acquisition of Robinho by Actual Madrid in addition to the midfielder Júnior Urso for Guangzhou R&F of China.
Tokenization can help youthful gamers
Figer stated he’s supporting the launch of a platform named Olecoin that can be targeted on encouraging new soccer gamers who usually abandon their careers resulting from an absence of economic help.
Citing figures from FIFA, he identified that greater than 265 million individuals play soccer on the earth and that Brazil accounts for the biggest variety of soccer stars on the earth. Nonetheless, he stated that whereas thousands and thousands of {dollars} are spent on worldwide participant transactions, there are numerous abilities that get misplaced “alongside the best way”:
“I consider that [blockchain] is an answer to some pains out there. We see an increasing number of steadily, dad and mom of gamers providing their youngsters virtually as if at an public sale between brokers. We have to perceive that the desperation on the a part of the daddy and the household basically, in having the ability to assist the son to proceed his profession, causes this to occur.”
Advantages for traders and gamers
That’s the place Olecoin can assist. Based on the project’s developers, the thought is to create an ecosystem during which micro-investors can, via the acquisition of the participant’s token, take part of their future receivables, with small participation for a selected interval of their future salaries and advertising and marketing contracts. Figer stated:
“Initiatives like this challenge that I’m a part of may give extra possibilities to those gamers, as a result of some are actually good however resulting from circumstances, simply would not have the chance. If there’s a state of affairs the place you could have a monetary incentive in order that this participant has the likelihood to do coaching, to have his sporting supplies, to have satisfactory meals, transportation to the coaching place, and so on. So, via this platform we had been in a position to generate alternatives for the participant. ”
The challenge was a finalist within the Sensible Dubai International Blockchain Problem 2019. The participant platform is predicted to launch within the second half of 2020, with a beta model that has 10 gamers tokenized.