NFT REVIEW NEWS Belgian Football Club Incorporate NFT Tech into Business Model

As NFTs continue to grow across industries, it is to no surprise that the digital asset has began making headway in an array of different sporting contexts, none more so that the biggest moneymaker of them all, football. There are multiple 2022 occurrences that can readily back-up up this statement, such as the construction of the Etihad stadium in the metaverse, the inking of a sponsorship deal between Tezos and Manchester United, and the auctioning of the Premier League NFT license.

As exciting as such endeavours are, the latest coming together of the Web3 and football worlds, which sees professional Belgian football club KMSK Deinze strike a strategic partnership with global GameFi platform Digital Entertainment Asset (DEA), is arguably the most revolutionary of them all, as it marks the first ever instance of a professional sporting entity incorporating blockchain technology into the fundamentals of its business model. 

DEA plans to sponsor KMSK Deinze for the next season, as well as work with the club to create comprehensive Web3 initiatives for its immediate and long-term future. The initiatives will include the purchasing of NFTs, digital assets, and game items on DEA’s PlayMining gaming platform. The club will also begin participating in DEA’s play-to-earn games as a gaming guild, where revenue will be generated from investing in and organizing NFTs for P2E games.

Future web3 initiatives will include the creation of an economic ecosystem using Watch-to-Earn and fan tokens, as well as the implementation of a program which will see supporters invest their earnings from P2E games on DEA’s platform back into club-related consumption, which will further the revitalization of the club’s economic sphere.

Hiroyuki Ono, who is vice chairman of the KMSK Deinze board has since spoken on the first-of-its-kind partnership: “The city of Deinze, led by Mayor Jan Vermeulen, has been working on various measures to revitalise the city. When we thought about contributing to the community through football as a member of the community, we wanted to release the potential of football following the most cutting-edge trend of the times. We endorsed the mission of DEA, which advocates social contribution through GameFi. We look forward to working with Mr. Yoshida and the rest of the creative team at DEA“.

You may ask yourself why DEA have decided to partner with a club which is near-enough unknown outside of its domestic setting, however, after inspecting of the structure of each entity, it is evident that both units share interlinking interests. For starters Ono is the CEO of ACA Football Partners (ACAFP), a Singapore-based football business company that plans to create multi-club ownership from Asia, whilst DEA is also Singapore-based.

Through KMSK Deinze being a group company of ACAFP, the initiative will not only boost the value of the global footballing conglomerate, but in doing so, it will also cater to DEA’s added ambition to increase the awareness of its platform and proprietary token DEAPcoin ($DEP) in the European region.

Follow KMSK Deinze >> Twitter

Want more? Connect with NFT Plazas:

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Source link

If this article, video or photo intrigues any copyright, please indicate it to the author’s email or in the comment box.

What do you think?

26 NFT Points
Upvote Downvote


I am the curator of the NFT Review Market News. If the document or content infringes any copyright, please point it out in comments and it will be promptly removed. To all the articles we include the link of the Resource that appears as Source Link If this article, video or photo intrigues any copyright, please indicate it to the author's email or in the comment box.


Leave a Reply

Your email address will not be published.


NFT REVIEW GAMING Race for Cerberus: The latest Along with the Gods Hero