- Fandom Sports (FDM) has announced the pending launch of its NFT marketplace, Fandomart.com
- Fandomart will allow creators to unlock revenue streams through minting, buying, selling and trading NFTs
- The marketplace will support numerous minting protocols and interoperability with other NFT exchanges
- Fandom Sports Media is an entertainment company that offers a proprietary gaming and micro-services platform for esports
- Fandom Sports (FDM) is up by 13.89 per cent and is currently trading at $0.205 per share
Fandom Sports (FDM) has announced the upcoming launch of its NFT marketplace, Fandomart.com.
Fandomart will allow creators to mint, buy, sell and trade their own NFTs, unlocking revenue streams for broadcasters, leagues, teams, players and streamers.
The marketplace will support numerous minting protocols and interoperability with other NFT exchanges.
The marketplace will also reside in the company’s fan engagement and wagering ecosystem, allowing users to watch streamed content, make predictions and wagers, as well as create NFTs on the fly.
In the near future, Fandom Sports intends to implement sell-on clauses where NFT creators can participate in the profits when an original NFT is resold.
David Vinokurov, Fandom Sports’ President and CEO, stated,
“Fandom Sports is creating a complete scalable ecosystem which facilitates fan engagement as well as NFT creation at mass scale, which no other platform can match for the numerous revenue streams and countless opportunities for fan engagement. With Fandom Sports, there is no more having to worry about lost future revenues and we’re eager to present to our partners the new revenue streams we can create with the application of our technologies.
On August 13, 2021 Statista is showing that the NFT resale market is nearing 50 per cent of the overall value of the NFT market. Fandom Sports is taking steps towards realizing value for creators as part of this growing portion of the market, which under current protocols is inaccessible to creators for secondary revenue opportunities.
Engaging with fans across all ages and spectrums represents one of the building blocks for our audience aggregation strategy that will allow us to foster our own organic community outreach and leverage partners’ existing audiences for fan engagement and wagering where permissible under our existing and coming licensing regimes.”
Fandom Sports Media is an entertainment company that offers a proprietary gaming and micro-services platform for esports.
Fandom Sports (FDM) is up by 13.89 per cent and is currently trading at $0.205 per share as of 9:44 am ET.
