Tokenization

Harsh economic restrictions in Argentina have pushed the country’s football clubs towards cryptocurrencies. Recently, the first transfer of a football player via crypto instead of fiat occurred, marking a new era in football finances. Earlier this month, Sao Paulo Futebol Clube from Brazil paid $6-$8 million worth of USDC to Banfield’s Athletic Club for midfielder Giuliano Galoppo. The oscillating gap reflects the tempestuous value fluctuations between the US Dollar and the Argentinean Peso. The First Football Cryptocurrency Signing Galoppo's transfer…

Liechtenstein Cryptoassets Exchange (LCX) announced that it would tokenize the upcoming Roe v. Wade feature film produced, written, and directed by Nick Loeb and Cathy Allyn.  The movie is a political-legal drama based on the true story of America's most controversial decision by the U.S. Supreme Court. According to director Loeb, the film focuses on "the women's rights movement versus the pro-life movement."  "It's a social war movie where we take both sides of the argument and hopefully let the audience…

There are thousands of cryptocurrencies in the market today, and they are no longer a medium of exchange alone. Multitudes have noticed the advantages of investing in them as opposed to fiat currencies. According to 2019 statistics, over 20% of the world's population has bought cryptocurrencies, and over 80% have invested in crypto-related ventures. Bitcoin is the most invested cryptocurrency thus far, with Ethereum following closely. Nevertheless, crypto investments primarily engulfed influential investors in the market. The need to involve…

On 6th March 2020, Cointelegraph reported that the Figer group, the highly acclaimed Brazilian sports management company, has launched OLE sports. OLE sports is a blockchain-based platform set to tokenize soccer players globally. Andre Figer, The Figer Group's Vice President, said that Olecoin would be a sign of hope for new soccer players, seeing that the majority of them drop their dreams despite being highly talented, due to lack of funds. Figer Group will make its digital token Olecoin available…

Blockchain is primarily a distributed ledger designed to foster transparency and immutability of information and, most commonly, transactions. The idea of blockchain was initially instituted in 2009, with the most successful crypto asset, bitcoin. Since then, there have been many other crypto introductions, including the launch of the second-best-performing blockchain, Ethereum.  Ethereum introduced the concept of smart contracts, which paved the way for the speedy introduction of crypto tokens. Tokens are primarily a digital representation of another asset, real-world or…