It goes without stating that cryptocurrencies and sports are beginning to go together. We saw a wide variety of collaborations between leading crypto platforms and a few of the biggest football clubs across the world.
As the cryptocurrency industry turns into ending up being a legitimate and regulated area, it’s just natural to expect that this relationship is just going to reinforce.
First Eleven is a new digital marketplace and platform for crypto and football fans. The platform includes the most recent football news, live scores, components and unites the worlds of crypto and football.
Harnessing the power of blockchain, they are developing non-fungible tokens (NFTs) as part of their fan experience. These digital tokens permit fans both to have a user experience as a spectator along with specific rights that allows them to participate in the action.
Users will even have the ability to vote on football matches with a chance to win NFTs and F11 Tokens – – the native cryptocurrency that powers the entire environment – – it is both on the Ethereum blockchain and Binance Smart Chain.
A Closer Look at the F11 Platform
Cryptocurrency has been the fastest-growing financial investment class all over the world. Annualized over the past 2 years, the crypto market has actually gained 573% per year. Investors from the largest of organizations to specific retail investors can no longer ignore this sector.
The F11 platform unlocks access to the blockchain and crypto markets for sports fans. It has evaluated its consumer base and planned a customized reward structure. They will provide a number of additional features for NFTs owners.
This consists of staking, which will assist financiers to stake their tokens and earn fan tokens of their favorite group noted on the F11 launchpad. The launchpad, which is ideal on the platform, is created to assist football clubs to develop their own NFT collections.
This, integrated with a pool on the F11 app to serve as a liquidity service provider, is supposed to help in financing activities by borrowing from their fans through blockchain innovation.