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Anyone here heard about Chilliz and the partnerships they have been signing recently. I beleive the sport industry is going to take over the crypto space sooner or later because i see a great movement in what they are building. They have signed partnership with so many big Footbal clubs and i am so excited with what they are building.

If you really want to go into this then I'm ready to share how I feel about crypto sport projects, aside from sport gambling platforms on the blockchain technology crypto sport projects are utterly failure, they end up going down, too low interest on them, you can only see two to three successful ones, majority end up dead

I didn't even believe with it and i must tell you about the token start and it's a failed project too. The implementation is not so easy as you said dude. Crypto needs to be mainstream before it can be used in cport industry .
This is not my first time to see that.

Yep, heard about them because they sort of sponsored something for Juventus and other big clubs even Barcelona I believe but it does not seem to be a big sponsorship because I hardly or never saw their brand name during any matches.

Sports is definitely big we all saw how the gambling and crypto industry took a hit when sports was paused!

Brother, it is other way around, blockchain technology and crypto is taking over all the industries and sectors among which sports is also one of them. Slowly but surely crypto will be adopted everywhere and we will see it in our everyday life more and more.

I think its a good way to Market crypto to the masses . Of you see sports bet have been sponsoring Watford fc and I am sure many people have been aware of it through it now.

I get your point and I agree with you. Surely, sports industry has been all over the crypto space for some time now. Yes, it got attention of many enthusiasts of different sports into engaging with cryptocurrencies but I do not think that sports industry will be taking over here. As commented earlier, there many projects sponsored by sports industry which just failed. And I believe crypto will be taking over across different industries, in time.

this project is really very strong and I have already made good money investing in this coin. It is also very volatile and I constantly sell when the price rises and buy when it falls.

I have been seeing their advertisment especially in AS Roma stadium by allowing only the fan token holders to watch match in the stadium and most of the teams have been allowing their fans make decisions with their token. it is going to be big i believe it

Likewise me. I made a lot of money from the Barca toke and it was a big hit. it went X3 after the offering. it was insane

even though there are many who will adopt cryptocurrency from all over the world and from anywhere but you must know that no one can guarantee a profit from that adoption, it could be that when many adopt cryptocurrency it will actually make the price collapse, so do it at your risk.

You should have mentioned the partnership. The partnership is with FXT team and it just about about them helping Chilliz with liquidity. So I do not see how this help the sport industry could be a good thing for the price because people now know they should be able to get in and out of their trade with low slippage in price.

Every business and revenue side of each sports will also turn to crypto sooner or later. There have been people working to tokenize the shares of various football clubs and other high revenue generating sports, the process has been slow but i am sure in coming years we are going to see most things tokenized including all the big football clubs.

Is it just me? Because I feel like all sport projects are just base on hype only, they aren't helpful to sport world at all, why are they in existence on blockchain? I knew Chilliz project but that's it, why do we need this project?

There are a few crypto projects trying to revamp the sport industry, but only Chilliz has been taking crypto gradually mainstream with their partnerships and platform Utilization. So many crypto projects in category of sports betting  and other sports related projects have failed, but there is still hope. I've been trading CHZ, and considering to hold some for long term.

You should also add the source of it so we can read what is the things they want to build.

They can use any crypto currency but taking over all of it I think I miss understand this claim.

There are many possible use of crypto currency and sports is only thing that can use crypto currency as their advantage.

LMAO, how can Chilliz project take over crypto space? It's just a sport project that's not that needy in crypto space? See how demanding chainlink is today? That's because of its Oracle ability, we need strong utility not sport

when i saw the british league and watford club sponsored by sportbet and saw the bitcoin logo on their hands, the crypto market already saw the sports market could be used as an advertisement to get bigger and that was great because sports, especially football saw a lot of people,

yes you're right, the sports industry is compatible with crypto. so this will have a positive impact on the development of crypto. there are already many projects that have collaborated with a sports club one of the sportbet. in the future it is possible that the sports industry will be completely controlled by crypto.

It's a good step in direction, and this is part of exciting news we like to listen to.  We want competition among industries and institutes in crypto adoption. This will in turn put smile on the face of those in the crypto industry.  We don't just want this to remain at the level of news or signing of agreement alone, but implementation.

Yea i heard about fan tokens earlier this year and i made a research about the whole tokens, i found out the Juventus fan token has been released since 2 years ago and im just getting to know now. I am a football and i will do anything football related to cryptocurrency. Now i have holdings in Barcelona fan tokens and Galatasaray fan tokens. I am looking forward to the upcoming FTOs

Chilliz is a very strong project with a lot of partnerships, but I think that we should not completely trust this project. Always think about the fact that in any cryptocurrency project there are risks of losing your money

Not just Chilliz but there are a lot of projects unrelated to sports or gaming industry has joined the league. If you know Binance they are also introduced a platform called bplay that has direct affiliate of Binance for this category. Even the supply chain of tokoin also have a platform for gaming. I think Chilliz made a good decision expanding their wings to sports bets industry.

With the time of covid we all knew there are locked down all over the country and this is one of the best entertainment for people staying at home. Not an investors of Chilliz but this coin is a hidden gem for me.

Not only sports but all the Gaming industry nowadays entered into the blockchain space because of the fair play in their team. They also have launched their own blockchain as recently XAYA has done. Their currency is known as CHI which is now traded at Liquid and Citex and growing in volume.

well I think you already know that in the cryptocurrency world there will always be a risk of loss that could happen immediately, therefore if you know a project that has good development at the beginning, no one can guarantee that a few months later it will collapse because there is problems within the company because they could potentially occur.

Yes, I heard about the project they got pretty great partnerships with the top sports clubs around the globe like FC Barcelona, Juventus but, sadly all the fan token offering on their platform ends really quickly.

I know there are many projects that create similar things, but none of them can last long in the crypto industry, most of these projects die as if swallowed up by the earth, hopefully this time the goal is not just profit, in order to survive there must be real use so that can survive and grow in the market.

I always thought that nothing would come of it, but at least I can say thanks to Chilliz for popularizing cryptocurrencies among fans.

It finishes in less than 5 minutes my first participation was in Barcelona token offering and i was able to buy just few amount of their tokens because it was limited per user you cant buy more than a certain amount so it can go round.

Do any of you guys understand why Chiliz is gaining traction and why those tokens went up so quickly even if they're not that popular in crypto channel/media?

I think one of the key reason is because you can participate in CEO voting and something like that with the apps. It offers a new way to support your club and to do that you have to own the club token, which is why lots of people who knows this are buying it.

The only sport projects I can trust on crypto space are gambling tokens for sports, crypto projects that are built for sport supports kinda always end up a failure sorry to say, I've joined countless Airdrops since 2018 with sports use cases and no single one did well

Like they say "Be more than a fan" The fan tokens allows football fans to make some decision about their clubs. if you own the fan tokens youll be able to have voting rights which i find very interesting

if the plan is actually realized it will likely affect the market adoption including new investors. If I'm not mistaken, I heard about a well-known company (soccer) but I forgot the name, all I remember is that they plan to adopt blockchain technology or make their own coins, but until now there has been no recent news.

Actually I don't know what is this project about but sports is something irrelevant to the crypto space, if this project is about making financial benefits to the sports club it doesn't mean they are taking the whole sport industry, already lot of brands spending for the sports just to show their brand name to this world.

It is not surprising at all. With government now properly regulating the online crypto casinos which is now allowing almost all crypto casinos to operate legally, the crypto space was bound to take over. Lots and lots of benefit for both the operators of the casinos and their users.
The flexibility of adding funds and withdrawing it within few seconds has made all those casinos to adopt the usage of crypto currencies. (but kinda feels like you are shilling for the token you have mentioned).

I can imagine really decentralized sports betting on Ethereum in the future. Thanks to oracles - Chainlink we will have correct data from the matches and thanks to smart-contracts we finally have a trustworthy betting platform that will not punish if you win too much.  8)

Is this the one you are talking here? https://www.chiliz.com/en/home/.
Sports have been one of the beneficiary of blockchain or crypto as we have seen a lot of sports being sponsored by many tokens already. So there's no surprise here, but the thing is that it didn't bring as close to adoption as it should have. But this is good news for sports though, football, ufc, basketball and others, so let's see how it build up in the next five years.

As one of the experts said,I just can't remember the name, he said, decentralized is the future.
So I think since we are in a decentralized market, it's nice to see a decentralized casino or sportsbook that would lead the space in the future.

I am a gambler and I am always open for changes especially if it would result to improvement.
Honestly, I don't know what this project OP has mentioned, but I'll check on this, but for the moment, let's stick to what gambling sites could offer.

But the thread title "Sports Industry taking over the Crypto space"... is wrong. lol

Sport industry taking over crypto? I doubt this, almost all the sport projects I know are not doing well, cryptocurrency community hardly believe in sport projects probably because of the mass failure from previous project. I believe this may happen later in future but not now.

It is so much to believe that not only in online gambling will adopt crypto but it will also be adapted to the sport industry.
The announcement has passed for several months but not hearing any development in regard to this.

https://www.eu-startups.com/2020/02/fc-barcelona-partners-with-blockchain-startup-chiliz-to-launch-a-token-for-its-fans/.
This could actually give a huge impact on the sports industry and likely to see huge adoption sooner.

If we could read this one https://usa.inquirer.net/54810/why-is-the-global-sports-industry-turning-to-blockchain-startups-like-fight-to-fame. It can say that we are moving ahead to blockchain technology and much near to crypto adoption.

Sport has long begun to take root in the cryptocurrency sphere, and soon the entire sport will be associated with cryptocurrency and cryptocurrency technologies, and since cryptocurrency is developing very quickly, it may already happen very soon.

In the current situation, I can say that you are right. You know, sports helps the crypto community grow (contributed sportsbetting) but on the other hand crypto are not helping the sports industry significantly. Well, that's understandable anyways since cryptocurrency are not yet well adopted. It definitely needs more exposure. Nonetheless I do believe that crypto can still open outstanding possibilities. Hmm maybe in the future team companies will use crypto in closing a contract with the players they recruit as their payment option, they may also use it for paying violations or use for financing the needs of their players. Who knows :D?


Just let it mature further and let's see what would happen next.

I doubt it is just sports industry, it is in fact all the industries in the world who are looking at crypto and specially blockchain technology a lot better, which means everyone in the world is giving more attention towards bitcoin and blockchain. Sports is not niche in this regard, they are on par with many other ones.

Finance is the big one that is involved with crypto a lot and gambling is coming second, exchanges and casinos are biggest in the crypto world and that is not changing anytime soon and nothing will take over those two anytime soon, not the way they are growing right now. However, I would say other industries finally taking a look at crypto is actually quite cool because we need adoption to grow stronger and this is a great way to do it.

Yes i know Chilliz. But the results did not come the way they preached. Everything is easy to say but how difficult it is to implement. I don't know if their development has stopped or not. Because I can't see any new updates now. I don't know how crypto can affect the sports. Because the purpose of crypto is to replace money, crypto was not born to work with sports.

You made a good observations and stated your opinion well but those who are into Defi projects will not agree with you, they will say Defi will take over the crypto space because of the hype and so on. At the same time, those into other categories or sectors of the crypto space will also point out and back up their claims as to why their own is better of. So in essence, one sector such as the sport industry can't take over the crypto space rather every other sector will contribute in their own way to make the crypto space valuable and great.

Now a days there are no exceptions left for industries going for tokenization. Sooner or later, evry industry is on the way to get digitised with blockchchain technology.
Recently, few month ago, I came accross one project related to sports industry. It's name is project "WITH". Its still running.

Why not now, this is clearly a good time for the sport to venture out of their comfort zone since they already hit hard by the coronavirus. When everything back to normal in the future, I doubt they will ever consider to utilize crypto to sporting.

Whether sports industry or DeFi or gambling industry, those industries are good for crypto adoption. So on my end, I don't  care if sports is the leading or DeFi is leading in the current market, as long as they help in crypto adoption, it will be good in crypto community in general. I don't want to take sides on this matter, because all of them are important in the growth of crypto community. They have their specific industries to address with, and I believe we all need them to increase the number of crypto users. The more we are, the better for crypto.

Yes, there is nothing to be more familiar to gambling than using crypto as their payout. After all, their whole scene already involved to variable bet rate and result. I'm sure they feel right at home with crypto being used to placing a bet for sport games.

I think that cryptocurrencies and gambling are a natural combination this is why we see so many casinos that are successful, in fact besides exchanges the gambling industry is probably the biggest industry born out of this market and it is not difficult to understand why, many gamblers do not like the idea of going through KYC just to gamble and get some fun and now thanks to the pandemic it seems that people are more interested in gambling than in the past so I see any attempt to make the gambling industry even more popular with good eyes.

PSG losing the final tonight affected the value of their coin the way it really pushed the value up when they won the quarter final against Atalanta from 6$ to 10$. I was also expecting them to win tonight so it can take over the juventus token

Sorry but we are not talking about who overtaking the crypto space instead, we are talking about the adoption of crypto space into the sports industry.
There is nothing we do for Defi projects, but if they are in the support of the sports industry then much better. Because sooner or later, another project will come out for this intent, and for sure it probably more is coming if we are fully engaged in the sports industry and the use of blockchain technology.

I'm seeing this to happen soon but it takes more time. Crypto adoption is wide increasing in various sectors and many big companies are already in support of this. If this development will continue, no wonder that crypto will widely be used by the majority.

Often someone believes in things like this easily. But in the end, it all depends on the progress of the project development. Nowadays, crypto has grown into various sectors and it is becoming good. When it comes to crypto for sports, this is also commonplace. because there have been many projects that have adopted this. But if indeed Chilliz and his partners can make something different, more interesting, and real, then it is possible that it will work. but still, all of the future will depend on the market and how the response of crypto holders and their needs.

yes, Chiliz has so many big soccer team as their official partner. i also ever saw the news that there is a soccer club that bought a new player with crytpocurrency. also wartford FC has sportsebets.io as their main official partner. so i think most of crypto projects will invade the sport industry in the near future.

Good news for everyone they have 3 brand new FTOs  for 3 different teams coming out tomorrow and it will be a big one. You can check out socios.com or chilliz.net to participate

   
I am so exited too , but are they crypto site https://betabomb.com/en/ (https://betabomb.com/en/) 

The sports industry have already recovered again and this field is not suitable to be combined with the crypto industry especially for the tokenization. so many projects have failed to combine both of the industry and then i just forget this .


We must onlly focus in the financial industry

I know there are plenty of games who tried it in 2017,too many ICO relating egames application were launched but up to now, there are still no big changes yet except for the in games purchase but it's still good to experiment and try till someone is able to make a changed, who knows someone will be able to create and build something that can benefit players and companies, even for gamblers and casinos thru blockchain like having more transparency in games and promos with some plots that will get popularity in the future.

I saw the bitcoin logo on watford jersey throughout it was at that time i knew sports will take over the crypto space soon but what made me so excited was the chiliz partnering with top club and im still excited because there are still more to come

Not only betting and gambling. Football clubs want to give more to their fans with the use of cryptocurrency everything doesn’t have to deal with gambling or betting when it comes to sport. The facts that fans can make decisions with their fan tokens is huge