National Football League adopts blockchain by partnering with SportsCastr
The National Football League Players Association (NFLPA) has set on its march towards blockchain adoption by acquiring a minority stake in SportsCastr, a blockchain startup that is also responsible for FanChain. It is a move that will take football a step closer to the distributed ledger technology and shows the wide implementation of blockchain across several sectors.
The former and current players can take part in this combined blockchain and sports initiative
The deal will help the ex and current National Football League (NFL) players to create interactive, tokenized content on the platform. NFLPA Vice President of business and legal affairs, Casey Schwab, who is also an ardent follower of blockchain, told CoinDesk that SportsCastr will aid anyone who wants to set up streams and share their commentaries on games. The NFL players who will be taking part in the commentary, will be earning by providing commentary during live sports and also by creating content for fans.
NFLPA Vice President shares his views
“When you look at blockchain, and obviously currencies have been the most ubiquitous use of blockchain today, but when we look at tokenized assets or tokens or [non-fungible tokens], we look at the different ways we can try to create products that are going to be sustainable and long-lasting.
“Because of the decentralized nature of the platform, anyone can get on it, players can get on it. NFL players are really interested in blockchain, in crypto … if a player calls me and asks ‘how do I get involved’ I’d suggest he go on SportsCastr and start generating tokens.”
The company doesn’t want to restrict themselves to any particular sport and wants the company to eventually to expand themselves across several other sports. “We’re not limiting it to any sports. It’s really about engaging all athletes,” he said.
Image via Shutterstock
Join our Telegram group