In the modern world, technology has become an integral part of it, and sports are no exception. Today we can see how developing technology helps in various areas of sports activity, from various gadgets for amateurs to equipment, control and measuring devices, modern flooring for professional athletes and prostheses that allow people who have lost their limbs to fully engage in sports.
Every day more and more new discoveries allow a person to set new records, create new techniques and approaches to training. So the use of synthetic poles in athletics increased their ejection properties and forced athletes to change their jumping technique and raise the jumping bar from 5 to 6 meters. Improving the surfaces in the arena allowed the runners to change the rhythm, speed and running technique, made it possible to develop greater speed. In cycling, the design and materials from which bicycles are made have changed significantly; they have become much lighter and faster than their predecessors. Technology has touched all sports.
What about the fans? In addition to online betting, which simply took over the sports market, logos can be found on the shirts of a wide variety of sports clubs. Blockchain technology has also entered the cricket sports market in India.
Leading token and fan engagement platform Socios has announced a partnership with three Indian Premier League cricket teams: Royal Challengers Bangalore, Punjab Kings and Kolkata Knight Riders.
Three cricket teams are among the eight selected to compete in the 2021 cricket championship. However, the competition has recently been temporarily suspended. The end of events was a decisive step in the fight against COVID-19 in India.
Protecting the safety and health of the game’s shareholders, as well as the well-being of their fans, seems like the best thing to do right now. With no idea when this suspension will end or if matches resume anytime soon, the three cricket teams as well as Chiliz have found it prudent to use this period of “dormancy” to explore digital and blockchain initiatives that will improve their fan engagement. sports, hence the partnership agreement.
Satish Menon, CEO of Punjab Kings, is very pleased with this development. He expressed his excitement when he said, “We’re delighted that socios.com has partnered with us. We hope this association will benefit both the franchise and Socios.com and help in the overall growth of the franchise. ”
For this moment, the number of partners of both projects reaches the number 30, which includes the football clubs Barcelona, Manchester City and Juventus. With a brand price of more than $ 6.5 billion, its attractiveness and IPL value will not be sold to other major sports leagues around the world, such as the Champions League or the Super Cup. A good partnership is a rare opportunity to enter the Indian market and, with the help of a blockchain and a cryptocurrency, will bring you the unique advantages of a million, which is intertwined with the Indian market.
Once on the Socios.com platform, sports clubs place fan tokens. Fans must purchase Chiliz Tokens ($ CHZ) through a cryptocurrency exchange in order to receive Fan Tokens. The Socios platform gives fan token holders access to poll voting rights, VIP rewards, exclusive club and sponsorship promotions, AR-enabled features, chat forums, games and competitions. Chiliz has a market cap of over $ 2 billion and is trading at $ 0.42 at the time of writing.
At Socios, Teams can run a Fan Token Offering (FTO), which allows fans to receive tokens that can then be used for other exclusive events. Each team or club receives its own token, which is the ultimate digital asset that provides access to an encrypted ledger that governs voting ownership and membership rights.
Venky Mysore, CEO and Managing Director of Kolkata Knight Riders, said: “We were looking for new ways to improve and optimize our fan engagement, and Socios felt right for us. Socios has already proven how powerful it can be for interacting with fans from some of the world’s largest sports organizations.”
India loves sports. The country is dominated by such sports events as cricket, football, tennis and many others, and millions of people are engaged in a variety of sports.
And besides modern technologies like blockchain, the market is dominated by other technological opportunities to make browsing more interesting. One of these areas is gambling, in India, it has now become very popular to bet on these events. In their country, not only local sports events are held, but also international events. With the rise of online casinos and bookmakers, sports betting in India is easier than ever. Historically, gambling has been in India for decades, and it was only after legalized sports games became available that gamblers turned to these bookmakers to place bets. Before that, they just used illegal bookmakers for betting. Online cricket betting breaks records every year for the number of IPL bets, and now there is an opportunity to do it with legal bookmakers. And this is definitely a plus for Indian players since the focus on one market allows them to provide better services. For example, the cricket odds updating or the work of the support service.
The fight against illegal bookmakers was one of the reasons why the government was willing to provide people with the opportunity to legalize sports games. They realized that criminal activity was rampant because of the ban on sports betting, and it was a good idea to simply open the doors to the licensing of specific bookmakers to give people the opportunity to bet.
Keep in mind that not all sports betting sites offer sports betting and not all sports betting sites are trustworthy. The number of online betting sites can be countless right now, which means some of them will be questionable even in India. As a player, check all the information you need to know about the site and make sure you are confident that you are betting on it. A sports betting scam site can rob you of your winnings by holding them for a long time.
