Fandom Sports Teams With Polygon
to Allow Fans Real-Time NFT Creation
Vancouver, British
Columbia –October 14, 2021 -- InvestorsHub
NewsWire -- Fandom
Sports Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FRANKFURT: TQ43) ("Fandom Sports" or
the "Company"), is pleased to announce that it has entered into a
technology partnership with cryptocurrency platform Polygon, with
the aim of supporting efficient and scalable NFT minting on Fandom
Sports' www.fandomart.com
("FANDOMART") NFT
marketplace.
Launching in Q1 2022, FANDOMART will
reside as a module within the Company's fan engagement and wagering
ecosystem ("UIA Platform''). Players on the Fandom UIA Platform
will be able to watch their favorite streamed content, make
predictions and wagers against their friends or the global
community as well as to create NFTs on the fly. Players can capture
multiple moments from their favourite event to create an NFT from
all the while continuing to watching their stream or broadcasted
content while enjoying new levels of fan
engagement.
FANDOMART
will be a branch of the Fandom UIA platform, a place where users
can mint, buy and sell their own NFTs. The service intends to
support numerous minting protocols, as well as interoperability
with other exchanges. In order to see this vision become a reality,
Fandom needed to leverage a blockchain that was at the same time
fast, inexpensive and of course secure. Many existing NFT platforms
use Ethereum, but the reality is that Ethereum is too costly and
slow in its current form for mass adoption. This is why
Fandom Sports
decided to
launch its NFT Marketplace on Polygon's layer 2 ethereum scaling
protocol.
Polygon, formerly known as Matic, is a
blockchain framework, known as a "side chain," that builds and
connects Ethereum-compatible blockchain networks. It is designed to
regulate an environment where a whole ecosystem of blockchains no
longer function as closed-off silos but instead as part of a wider
interconnected spectrum. The Polygon network is much, much faster
than Ethereum, and network fees are generally just
pennies.
It also doesn't hurt that Polygon
already works with most of today's top blockchain-based Web 3.0
games and NFT projects, including Decentraland, Opensea and The
Sandbox, and has 6x more gaming and NFT Dapps than any other
blockchain outside of Ethereum. This means that Fandom's vision for
real-time NFT creation, and trade, becomes very possible through
this partnership.
David Vinokurov, CEO and President
Fandom Sports, said: "Our timely connection with the team at
Polygon satisfies numerous ongoing initiatives for Fandom Sports.
Having an industry leading blockchain protocol partner with the
technical reach and marketing scope of Polygon will give the
Company the ability to capitalize on the Company's NFT on the Fly
solution by deploying with top tier esports and sports
organizations. Our goal to facilitate the mass creation of NFT from
players' favourite streamed content providers will provide for new
revenue streams for our partners, increased engagement for our
players and new opportunities to interact with fans
globally."
About Polygon
Polygon is
the leading platform for Ethereum scaling and infrastructure
development. Its growing suite of products offers developers easy
access to all major scaling and infrastructure solutions: L2
solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid
solutions, stand-alone and enterprise chains, data availability
solutions and more. Polygon's scaling solutions have seen
widespread adoption with 500+ applications hosted, ~600M total
transactions processed, ~60M unique user addresses and $5B+ in
assets secured.
If you're an
Ethereum Developer, you're already a Polygon developer! Leverage
Polygon's fast and secure txns for your Dapp, get started
here.
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About Fandom Sports
Media:
Fandom Sports Media operates an
Esports/Sports wagering platform at www.fandomesports.gg
The platform is the ultimate mobile
friendly application for unfiltered raw Esports and
Sports predictions and data interactions. Fandom allows
passionate fans to unleash their primal passions, make predictions
and/or wagers and earn rewards. Fandom Sports is a web application which instantly
operates on an Android and iOS mobile device targeting "Superfans,"
who aspire to show the world they know their stuff better than the
experts and their friends - giving them a chance to Play, Predict,
and Get Rewarded. Fandom Sports is revolutionizing the way that
consumers interact with streamed and broadcast content through the
creation of www.fandomart.com
the Company's own NFT
marketplace. Fans will be able to tune in, watch, predict, wager
and create NFTs all on-platform.
"PLAY. PREDICT. GET
REWARDED."
For additional Information:
Investor Relations
Email:
info@fandomesports.com
Phone +1 (604) 256 6990
DISCLAIMER:
The CSE has not reviewed and does not
accept responsibility for the adequacy and accuracy of this
information. This news release may contain forward-looking
statements. These forward-looking statements do not guarantee
future events or performance and should not be relied upon. Actual
outcomes may differ materially due to any number of factors and
uncertainties, many of which are beyond the Company's control. Some
of these risks and uncertainties may be described in the Company's
corporate filings (posted at www.sedar.com).
The Company has no intention or
obligation to update or revise any forward-looking statements due
to new information or events. This press release contains
forward-looking statements about FANDOM SPORTS. Forward-looking
statements may be identified by the use of words like "believe,"
"expect," "anticipate," "estimate," "plan," "consider," "project,"
and similar references to the future. Forward-looking statements
reflect FANDOM SPORTS' good-faith evaluation of information
available at the time the forward-looking statements were made.
These forward-looking statements are subject to a number of risks
and uncertainties, and our actual results may differ materially
from those projected. Please refer to FANDOM SPORTS' annual and
quarterly reports filed on SEDAR for a full discussion of those
risks and uncertainties we view as most important. Forward-looking
statements are not, and should not be relied upon as, a guarantee
of future performance or results, nor will they necessarily prove
to be accurate indications of the times at or by which any such
performance or results will be achieved. As a result, actual
outcomes and results may differ materially from those expressed in
forward-looking statements. We undertake no obligation to update or
revise forward-looking statements.
SOURCE FANDOM SPORTS
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