Fandom Sports To
Launch
www.Fandomart.com NFT
Marketplace
Vancouver,
British Columbia, Canada -- September 9, 2021 -- InvestorsHub
NewsWire -- Fandom Sports Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FRANKFURT: TQ43) ("Fandom
Sports" or the "Company"), is pleased to provide an update on
the
Company's
numerous NFT initiatives.
Fandom Sports
will be launching a standalone non-fungible token ("NFT")
marketplace at
www.fandomart.com
("Fandomart").
Fandomart
will also 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 a global community
as well as to create NFTs on the fly.
Once a player
selects an NFT, they are able to continue watching their stream or
broadcasted content while continuing to challenge friends and the
global viewer community.
Whenever a
Fandom player wants to create another NFT, the record button can be
selected and if more than one person is creating that NFT at that
time, the selected NFT is automatically sent to an auction on
Fandomart; thus creating numerous revenue streams for all of Fandom
Sports' Partners - broadcasters, leagues, teams and
players/streamers.
A
product video on Fandom Sports NFT initiative can be viewed
at:
https://www.youtube.com/watch?v=gZQfcus0z2Y
Fandomart
will reside within the Fandom UIA platform to instantly capture all
NFTs created within the platform and as a standalone site where
creators can go to mint, buy, sell and trade their own
NFTs.
Fandomart
will support numerous minting protocols and support
interoperability with other NFT exchanges. Furthermore,
Fandom
Sports is
evaluating new NFT technology that allows for the creation
of
"Sell on
clauses" so that way anytime that the original NFT is resold, the
creator of the NFT and Fandom's partners can share in the increase
in the value of that particular NFT.
The Company
is currently in discussions with several blockchain protocol
organizations that will facilitate this
capability.
A
product video on Fandomart can be viewed at:
https://www.youtube.com/watch?v=2Z8R3h555K4
"Fandom
Sports is creating a complete scalable ecosystem
which
facilitates
fan
engagement as well as
NFT creation
at mass scale which no other platform can match for the numerous
revenue streams and countless opportunities for fan engagement.
With Fandom Sports there is no more having to worry about lost
future revenues and we're eager to present to our partners the new
revenues streams we can create with the application of our
technologies.
On August 13,
2021 Statista is showing that the NFT resale market is nearing
50%1
of the
overall value of the NFT market.
Fandom sports
is taking steps towards realizing value for creators as part of
this growing portion of the market which under current protocols is
inaccessible to creators for secondary revenue opportunities,"
states David Vinokurov, CEO and President. "Engaging with fans
across all ages and spectrums represents one of the building blocks
for our audience aggregation strategy that will allow us to foster
our own organic community outreach and leverage partner's existing
audiences for fan engagement and wagering where permissible under
our existing and coming licensing regimes," continues Mr.
Vinokruov.
1
https://www.statista.com/statistics/1235228/nft-art-monthly-sales-volume/
"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
