I have made an extensive research about many Blockchain startups with token or coin trading now on exchanges, one of the main reasons limiting the increase of their value is because most of these tokens or Coin don't really have a real life business applications that doesn’t need more sermon of how blockchain technology work to the public and this is the bane of value increase, so it is therefore very important for any investor to be able to decode how effective the acclaimed enterprise applications of any project will be and how easy it will be for the public to embrace it thereby increasing the adoption of blockchain technology and Cryptocurrency into our daily lives.
My above reason for many undervalued projects is the reason why am reviewing a new blockchain startup that aims to disrupt sports content distribution industry. As we all know that Sport is the uniting force of our world, when it comes to sports most of us usually forget those things that divide us like race, religion, ethnicity and many more. Sports is a multi billion dollar industry and in one way or the other we engage in sports activities either by actively involved or just enjoy watching it. The business application of this new startup named SportsFix is awesome and their approach towards it is also exceptional and easy to adopt even by those that doesn’t know much about blockchain technology so the project has been able to meet those criteria apart from others like the team, token allocations and so on which they also fare well. Now is the time for me to dive in fully into the project.
SportsFix Media Holdings is already a fast-growing OTT business in Asia, streaming local and international sports events to millions of fans every week and on track to become one of Asia’s most valuable live video streaming platform in the region.
SportsFix is bringing two powerful innovative forces together Netflix live streaming business model with blockchain technology to transform the most universally accepted and watched content which is sports contents. This is summary of SportsFix.
SportsFix goal is to presents a disruptive digital blockchain-based sports content ecosystem thereby debundling and decentralising sports media rights, executing trusts and immutable through SF Tokens (SFT) and smart contracts built on Ethereum protocol.
Current Distribution Method
In today's world, traditional way of distributing sports is expensive, antiquated and inconvenient for fans. Sports content is often bundled with other contents and finally add up in a large pay monthly subscription package making unaffordable and inaccesible to many fans especially millions who may not have the means to subscribe for this "sum up" subscription. Packages are often bundled with undesirable network based content which increases the cost of subscription. Subscribers are forced to accept these high prices because the system is not flexible for them to pay only for their desired content.Market Opportunity
The Problem
SportsFix Solution
The SportsFix Digital Stadium is the ultimate fan experience combining the excitement of live and Video on Demand (VOD) sports content with the power of social media, gamification, predictions, fantasy leagues and e-commerce all driven by the SFT. It allows fans to:- Pledge and vote for their favourite content
- Control their own experience by only paying for their preferred content
- Engage directly with their favourite clubs
- Simulate live stadium experience by interacting with other fans within the Ditigal Stadium.
This model is exceptional integration of self-executing smart contracts and OTT technology (delivery of film and TV content on the internet without the need for users to subscribe to satellite pay-TV service). This enables fans to unlock their favourite content and product features through bidding. The way on how the token will fuel the operation of the ecosystem is indicated in the diagram above.
SF will engage with the fans to create a unique user profile that helps to curate their favorite sports content based on their behaviour and preferences. SF’s reward system is designed to create a compulsive loop for engagement, elevate status among fans, and recognize loyal fans that help grow the digital stadiums.
SF will work with fans to create a unique user profile that will assist to curate their favorite sports content based on their choices. This reward system is developed to create a compulsive loop for engagement, elevate status among fans and rewards loyal fans that help in growing the digital stadiums.
Tiered Digital Stadium
Digital stadiums are tiered based on group attendance. Although digital stadiums can theoretically have a near unlimited capacity, stadium tiering is used to incentivize respective fan bases to watch the livestream together. As the community of fan bases grow, they collectively as a group move up the digital stadium tiers to unlock innovative stadium features to enhance their viewing experience.
Features of Digital Stadiums
Conclusion
All what am doing here is just to summarize SportsFix, the project is beyond what I can write here and my conclusion about the project is that it worth checking out. The project is an established project with credible team, all what they are doing is to use Blockchain technology to improve their business model. SportsFix team is credible and they have built careers that they will not do anything to tarnished. SportsFix have signed many partnerships and the latest partnership is with ROKKI which will made selected contents of SportsFix to be stream on 49 AirAsia planes.Check any of these links below for more information about the project:
https://www.sportsfix.io/image/wp.pdf
https://www.facebook.com/sportsfix.io
https://twitter.com/SportsFix_io
https://bitcointalk.org/index.php?topic=4380637
Author's Details
Bitcointalk Username: Soundy
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2373705