The project was developed on the infrastructure of Chiliz Chain, a world-leading blockchain for the sports and entertainment industry and aims to increase the possibilities of fan engagement with their favorite players and create a new source of revenue for athletes through web3 gamification.
The announcement was made during Blockchain Rio with the presence of Diego Lugano, former player who won the world championship for São Paulo in 2005 and an ambassador for Olecoin.
Tap-to-earn games are trending in the crypto world and have simple-to-understand mechanics: just tap on the coin or icon in the center of your cell phone screen to earn points or even crypto assets within the game. Due to their easy gameplay and the possibility of valuable prizes, tap-to-earn games have attracted millions of users around the world.
Fantasy game with NFTs of real players
What makes Olefoot even more innovative is the use of NFTs of real players, whether they are players at the beginning of their careers, professionals, or even former players. Additionally, each NFT directly contributes to the sponsorship and support of rising talent, as well as a marketplace where different athletes will have more visibility and new means of revenue.
Within Olefoot, it will be possible to find the same football players from different eras, such as in the line of tokens of former players such as Diego Lugano himself and Robert, Brazilian champion with Santos, in 2002. The platform will have several new crypto assets in its universe and a secure economic sustainability model to provide an even better experience for users.
The project will also focus on women's football, allowing users to choose the main players, according to strategies and variations available in the game. The integration of genders and age groups culminates in the first steps of creating a new universe for football, now in an environment with more opportunities.
With the creation of NFTs for professional players, former players and aspiring athletes, Olefoot democratizes access to commercial opportunities in the new era of digitalization of assets in the sports industry.
André Figer, the project's mentor since 2019, stated: "Our proposal with Olefoot is to show the market a new way of using football NFTs. Until now, holders of this type of token were just waiting for the market to move. Now, we are giving people the option, in addition to several benefits, of buying an NFT to use in their fantasy game teams. And then, just like in football, the best-assembled teams win prizes in our leagues. This transforms the experience of owning NFTs and brings them to a more fun environment like football."
Figer continues: "We believe that combining the passion for football with a simple activity, such as kicking the ball with your finger on the screen to earn coins, will accelerate the creation of a community with countless people who have never even created a digital wallet before. Projects with millions of users are now looking to football to try to do what we already do in essence."
"Olefoot will seek out people who have never worked with digital currencies to the most expert in the subject, just as we intend to create tokens for the simplest player to the biggest clubs in the world," concludes the executive.
Bruno Pessoa, Country Manager of Chiliz in Brazil, stated: "We are very excited about the launch of Olefoot. It is yet another innovative web3 sports project hosted on our blockchain and we believe that the game opens up an infinite range of possibilities, allowing fans and athletes to interact in unprecedented ways. The choice of Olefoot by Chiliz Chain shows that we are on the right track as a SportFi ecosystem and reinforces our commitment to innovation within the sports industry."
Olecoin
Olecoin is the first decentralized football player platform that uses blockchain technology to validate the profiles of new talents across distributed sources. Once validated, new talents are tracked and connected to investors in case they need financial support to continue training. Our platform supports football player transfers by publicly sharing contract details with fans, bringing trust back into the game.
Chiliz Group
Chiliz Group is the home of SportFi. Its infrastructure is powered by Chiliz Chain, the first EVM-compatible Layer-1 blockchain for sports and entertainment, powered by the native Chiliz token (CHZ). Over 80 Fan Tokens from the world’s largest sports entities provide the gateway to the Chiliz ecosystem.
Its flagship product on Chiliz Chain, the Socios.com platform, hosts a global community of over two million users, making it the largest non-finance/commerce-centric consumer web3 product in terms of user base.
Chiliz has partnerships with numerous brands, including global sports giants such as FC Barcelona, ??Paris Saint-Germain, Manchester City, Juventus, S.S.C. Napoli, Inter Milan, AC Milan, Arsenal, Atlético de Madrid, A.S. Roma and major Formula 1 teams.
Source: GMB
