Meet a Company Looking to Bring NFTs to Online Gaming and Esports

Photo by Fredrick Tendong on Unsplash

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The internet is changing fast. Prominent tech giants like Meta Platforms Inc. FB and Microsoft Corp. MSFT are prioritizing developing the metaverse while communication carriers continue to roll out the latest 5G technology.

Even if it takes years before these innovations become widespread, it’s safe to say the physical world is becoming increasingly intertwined with the digital world. This is especially true when it comes to entertainment.

Digital games and esports have been a popular source of online entertainment for some time. But innovation has often been internal with improvement of traditional systems. However, one example of a company changing the way users bet on and interact with their favorite games is Fandom Sports Media Inc. FDMSF.

Fandom Sports is a platform for gaming, microservices, and esports. The company reports that through web-based machine learning, it allows Superfans to predict and wager on an almost infinite amount of outcomes. It also enables users to win non-fungible token (NFT) drops. 

Fandom Sports users gain access to specialized user and prediction feeds and capabilities for peer-to-peer (P2P) wagering and prediction alongside multicast streaming. But what the company believes really sets it apart from the competition is its integration with NFTs.

Fandom Sports will also operate an NFT marketplace where users can win, purchase or earn NFTs within Fandom’s ecosystem and conduct transactions through the platform. Also importantly, the marketplace accepts all types of NFTs generated from any protocol.

The company is keen on becoming a major player in the global e-sports betting market, which is expected to grow at a compound annual growth rate (CAGR) of 44% over four years.

Fandom Sports holds an exclusive sports and esports license for the purpose-built Unified Information Access (UIA) platform and a Curacao gaming license.

It boasts a business model with the ability to earn a number of revenue streams incorporating advertising, brand sponsorships, sports and esports leagues, platform integrations, wagering commissions, odds wagering, subscriptions, NFT minting, and auctions.

Fandom Sports plans to open more revenue lines with leagues, teams, and players or influencers on the creation of NFTs and transactions within the Fandom Sports platform and marketplace.

Fandom Sports operates on Android and iOS mobile devices. Learn more about its latest developments here.

This post contains sponsored advertising content. The content that follows is for informational purposes only and not intended to be investing advice.