Fandom Sports Commences Development of NFT Exchange for Esports and Sports Rewards
June 22 2021 - 7:10AM
InvestorsHub NewsWire
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Fandom
Sports
Commences Development of
NFT
Exchange
for
Esports
and Sports
Rewards
Vancouver, British Columbia –
June 22,
2021–
FANDOM SPORTS Media Corp. (CSE: FDM) (OTCQB:
FDMSF) (FRANKFURT: TQ43) ("Fandom Sports" or
the "Company"), is pleased to announce
the Company has commenced development of a Non-Fungible
Token (NFT) exchange that will be built into both the Company's all
ages and wagering Fan Engagement platforms.
Fandom Sports has already
minted its first
Fancoin
non-fungible token (NFT) which will form the backbone of the
Company's
fan
rewards program.
The Company will be creating numerous unique NFTs to encourage and
reward Esports
and
Sports fans for their use of the Fandom Sports
platform.
"Current scalability issues with the deployment of NFTs in real
time to facilitate the capture of digital moments
relating
to speed and cost are roadblocks to mass adoption. On top of
the actual imbedded NFT exchange, our development team is
considering specific
solutions
that will
enable
users of the Fandom Sports platform to create, share and transact
NFTs in new and unique ways that the current NFT protocols
cannot
support. Fandom
remains
steadfast
on
its technical roadmap to continue delivering innovative solutions
that improve
upon existing
processes and methodologies.
The peerless capabilities that we have demonstrated pertaining to
data ingestion, analysis and presentation for Esports and the
planned sports modules will be extended to differentiate ourselves
in the rapidly growing and evolving NFT space," states David
Vinokruov,
CEO and President Fandom Sports.
The Company is also incorporating the NFT exchange into planned
test marketing campaigns with industry partners and will issue
regular updates relating to those efforts.
"PLAY.
PREDICT. GET REWARDED."
About Fandom Sports
Fandom Sports Media is developing and deploying a web application
which instantly operates on Android and iOS mobile devices
targeting Esports Super Fans. The Company's Unified Information
Access platform is active in a private cloud with multilingual
support and is targeted towards a global launch of the Fandom's
regulated betting and unregulated Esports prediction fan engagement
models. Fandom supplies interactive Esports entertainment to Super
Fans through purpose-built data interaction.
For additional
Information:
Investor
Relations
David
Vinokurov
CEO and
President
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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