The company said the funds will be invested into early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the Socios.com partner network.
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Crypto ads and sponsors banned from women’s cricket league in India
Following men’s cricket, the Board of Control for Cricket in India (BCCI) prohibits the women’s teams from having commercial associations and other sponsorships with crypto businesses.
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Blockchain tech still far from hitting the esport big leagues, says investor
Smaller-scale esports organizations have started using blockchain tech for distributing prize pools, but the tech is yet to be adopted by the big tournament organizers.
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From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building up brand recognition among sports fans before it went bankrupt. FTX Sign Being Dismantled as Miami Heat Seeks New Naming Rights Partner for Its Arena […]Powered by WPeMatico
Solitaire, Counter-Strike, Snake: How casual gaming could be a ‘huge’ Bitcoin on-ramp
Gaming companies Zebedee and Thndr are taking advantage of the Lighting Network, atop Bitcoin, to entertain and onboard gamers into Bitcoin.
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How NFTs can boost fan engagement in the sports industry
A look at the many ways in which nonfungible tokens are being utilized to increase fan engagement in the sports sector.
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Fans seek trust and better understanding of sports NFT market: Research
The prolonged crypto winter razed off the inflated floor prices across the NFT ecosystem, inadvertently changing investor sentiment and forcing users to rethink their long-term investment strategies.
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GEMS Secures 50M Investment Commitment from GEM
The Esports 3.0 Platform has secured an extra 50M commitment following its current token raise GEMS prepares for a listing in the coming months. GEMS is honored to announce its new $50 million Investment Commitment from GEM Digital Limited (‘GEM Group’), a digital asset investment firm based in The Bahamas. GEM Group actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. The new capital will further enhance GEMS products and expand the ecosystem globally, with a primary focus in Asia. GEMS, the Esports 3.0 Platform, currently has more than 80 blockchain and Esports
The post GEMS Secures 50M Investment Commitment from GEM appeared first on The Merkle News.
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Blockchain, crypto set to take sports industry beyond NFT collectibles
Deloitte expects an eventual rise in blockchain-enabled innovations; as a result, “The use of NFTs, crypto, fan tokens, and ticket innovations will grow and evolve.”
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Crypto and NFTs at F1: What are firms bringing to the races beyond sponsorships?
Are crypto companies sponsoring F1 for the glitz and glamor, or will NFTs demonstrate important use cases behind these partnerships?
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