Dubai: Utility of Use of Blockchain in Innovative Approaches Dubai, a popular tourist destination, is all set to shake the sports industry with its new blockchain product. The Atleta Network based on the creation of the first Web3 sports industry blockchain platform becomes the next stage of the company’s development.
Launched with the help of football players including Kuranyi, Romario, Trezeghuet, Sneijder, and Marsal, the Atleta Network can become a pioneer in the industry and provide organizations with the opportunity to create smart contracts, emit tokens, as well as increase transparency of financial transactions.
It also has social purposes where fans can directly fund players’ careers and empower essential blockchain-supported sports academies for the development of young, underserved talents by providing them access to subsidized token subscription funding.
Dmitry Saksonov, the founder of Atleta Network, stated the following: “Thus, the Atleta Network can be beneficial for both enterprises and other users. ” Sports organizations can deploy smart contacts, issue tokens, and optimize their financial activity with high levels of transparency; users can contribute to the favorite players’ success via smart contacts, purchase blockchain sports academies digital collectibles, and get rewards for their professional success.
It enables fans to contribute to the growth of newer talent in the community by buying NFTs; the artists can then from that share in this success if such talent ever blows up. They’ve also been able to build merchandise collections that one can gather in the digital domain.
Superior organizations of world football clubs and iconic legends support blockchain crusade
The blockchain sports project based in Dubai of Coca-Cola Arena engaged thousands of investors and world soccer’s legendary players such as Kevin Kuranyi, Romario, David Trezeguet, Wesley Sneijder, and Marco Materazzi along with the ambassadors and curators joined the Blockchain sports project.
Some of the world’s most renowned Football Clubs and leagues like FC Barcelona and Liverpool, La Liga and NBA have expressed their plans to leverage the technology in sports NFT, ticket management, and fan engagement.
Policies: Expansion, Plans, and Technology
Atleta Network intends to launch 20 football academies employing blockchain technology by the end of 2024 and three academies — in Brazil’s Rio De Janeiro, Sobral, and Acopiara — have been launched with the total of $8 million in the investments.
After the temp do futebol competition had been established, scores of intelligent teenagers from over sixty thousand competitors in Brazil were selected, showing the effectiveness of the project in changing young people’s lives.
Some of the core features of the network are expected to go live on the mainnet by Q3 2024, supported thereafter by an A/ML system for its enhancement and optimal performance. The utility token $ATLA will be used inside Atleta’s ecosystem, enabling users to use it to purchase all services offered on the platform; then, through Atleta’s DEX, the token can be exchanged for other popular cryptocurrencies.
Thrown to Unity: It will allow the exchange of tokens between Atleta and other EVM-compatible networks. The total number of tokens or blasting is to occur in September, 2024 is known as the $ATLA token TGE.
The ethos of Dubai ensuring support of such stature ensures that it will be primed to lead the Web3 evolution of sports globally, which promises to unlock new horizons of innovation and diversification.
