Fandom Sports Outlines Upcoming Fan Engagement Platform Launch and
Non-Fungible Token Strategy
Vancouver,
British Columbia – March 7, 2022 – InvestorsHub NewsWire
-- Fandom Sports Media Corp. (CSE: FDM) (OTC: FDMSF) (FRANKFURT: TQ43) ("Fandom Sports" or
the "Company"), is pleased to outline its strategy for its upcoming
prediction platform launch, gamification strategy and reward
platform incorporating and deploying Non-Fungible Tokens ("NFTs")
to reward fans for engagement.
The Company has completed development of the prediction engine,
its' NFT marketplace –
www.fandomart.com,
and content integration capabilities.
Development teams are now implementing a gamification and rewards
engine that will incentivize stream viewers to play and predict
across their favourite forms of content. Once gamification and
reward engines are completed in early Q2, Fandom Sports will be
able to present specific monetization and customer acquisition
strategies to the global creator community and key industry
stakeholders with the goal being to establish pilot and beta
projects across a spectrum of platforms.
"Given ever
escalating customer acquisition costs for all wagering platforms
and the lack of fully defined data streams for esports and other
forms of content, our technical team has been developing a platform
that will facilitate predictions in stream or broadcasts across a
spectrum of live and pre-recorded events . Fandom Sports will be
casting a wide net for audience aggregation by embedding our
technology with partner organizations," states David Vinokurov,
Fandom Sports CEO and president.
According to
NFT stats compiled by blockchain analytics firm Chainalysis Inc.,
the NFT marketplace grew to almost $41 billion in 2021, closing in
on conventional art sales. In 2020, conventional art and antique
sales amounted to $50 billion. OpenSea (valued as of January 5,
2022 US$13.7 bn) sits at the top of the world's biggest NFT markets
at the moment and has an NFT price tracker. Estimates suggest that
around a quarter of a million people actively trade NFTs every
month on the platform. Fandom Sports will be working with
influencers, teams and organizations to capitalize on these growing
trends and exploit the intersection of streaming, esports, sports
and broadcast content with unique NFTs that also will allow
specific utilities across a range of content platforms.
"With the
recent explosion of the different forms of content creation and
fierce competition for viewers it will be imperative for content
creators to deliver fun and engaging content to
audiences.
Our
platform will assist with bridging that divide and providing new
opportunities for revenue generation through unique predictive
technologies with an imbedded variety of multi-function
NFTs.
We
will be leveraging our previously announced partnerships with
wagering, esports, and crypto partners to cast a wide and impactful
net vis-à-vis a global audience of content creators and consumers,"
continues Mr. Vinokurov
"PLAY.
PREDICT. GET REWARDED."
For additional
Information:
David
Vinokurov
CEO,
President
Fandom Sports
Media Corp.
Email:
info@fandomesports.com
Phone +1 (604) 256
6990
The CSE has
not reviewed and does not accept responsibility for the adequacy
and accuracy of this new release.
DISCLAIMER:
Certain statements made herein may contain forward-looking
information within the meaning of the applicable Canadian
securities laws ("forward looking statements"). Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "budgets", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negatives or thereof. Forward-looking statements herein
include, but are not limited to statements with respect to: the
affiliate marketing relationship with Elite Duels Corp. and the
entering into a definitive agreement for the affiliate marketing
partnership and the expected benefits to Fandom from the definitive
agreement; market acceptance of the Company's peer-to-peer wagering
platform; the Company's expectation of becoming a world-class
engaging eco-system for all ages fans and fans of wagering on live
Esports events;
and the expected growth and health of the Esports betting market in
general.
Forward-looking
statements by their nature are based on assumptions and involve
known and unknown risks, uncertainties and other factors which may
cause the actual results to be materially different from those
expressed or implied by the forward-looking statements. We have
made certain assumptions, which our management believes to be
reasonable, about the forward-looking statements, including the
ability to enter into a definitive affiliate marketing agreement
with Elite Duels Corp., the expected revenue and other benefits to
be generated by the relationship, as well as the ongoing
performance advantages of the Company's platform in comparison with
existing or future competitive offerings, and the future growth of
the market in which we compete. However, we can provide no
assurance that the forward-looking statements will prove to be
accurate. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly,
you should not place undue reliance on the forward-looking
statements or information contained herein. Important additional
information identifying risks and uncertainties and other factors
is contained in the section entitled "Risk and Uncertainties" in
the Company's most recent Management Discussion and Analysis filed
on SEDAR.
Except as
required by law, we do not intend to update forward-looking
statements whether as a result of new information, future events or
otherwise.