How Will It Actually Work?

The sporting industry is about to change radically, and SportyFi will take a huge part in that shift by providing the wider global community with new ways to invest in sport. And how will we achieve that?

Today we will focus on the first pillar of our ecosystem: the SportyFi Smart Manager platform.

The Smart Manager Platform (the “Platform”) is a blockchain-based sports investment platform, acting as an intermediary connecting those with an active need for funding with contributing crowds on a micro level. The Smart Manager Platform can be used by anyone connected with sport, whether an athlete, a team, a club or any other sports organization.

The Platform will have two main modules: a cryptocurrency-based donations platform (Donations Module), and a cryptocurrency financial reward-based platform (Investment Module).

The Donations Module will offer athletes a blockchain-based donations platform where they are able to raise funds by creating profiles, listing their current achievements and plans for the future, and their specific crowdfunding goals. For example: an athlete or a club can turn to their fans and supporters for donations, enabling them to continue with training and competing.

The second module of the SportyFi Smart Manager Platform, the Investment Module, will enable detailed sponsorship smart contracts of various types, and most importantly, complex investment smart contracts, where an athlete, club or other sports organization can offer a long-term deal to financiers by committing a share of their future income or other revenue stream in exchange for an upfront investment. For example, they can acquire a stake in the career path of a talented young tennis player by supporting them financially as they progress, with the aim of possible future returns.

The Smart Manager Platform will give both fans and potential investors the tools to directly participate in one of the biggest and fastest growing industries. By disrupting the existing model of sports participation financing, SportyFi will allow the sports community to raise funds independently across the world, creating brand new strategies for investment into sport.

Need more details? Check out the SportyFi Website or read the SportyFi Whitepaper. And come chat with us on Telegram.