American Boxing Legend Mike Tyson Chooses Blockchain for New Venture
Marie Huillet's original article for cointelegraph.com reduced by 72%
Iconic American boxer Mike Tyson is spearheading a new blockchain-powered cross-entertainment platform for a new generation of fighters. On Aug. 13, VentureBeat reported that the new venture - dubbed "Fight to Fame" - will use blockchain technology to underpin a new, multi-pronged platform that aims to catapult aspiring fighters to success via social media, reality TV, film, games, live matches and betting.
While Tyson will serve as the founder and chairman of the sports and competition committee for Fight to Fame, the project also counts Farzam Kamalabadi as its CEO, the two-time Emmy award winner Tim Smithe as its television producer and Stan Larimer as its cryptocurrency and blockchain expert. "As a seasoned fighter, I want to mentor future generations, especially future action stars and make sure there's a path to career success and fair compensation. Building this global platform for them is a passion of mine." A fan token economy will be launched in order to drive engagement as well as to reap the project's gains for the fighters, fans and company alike.
Kamalbadi and Smithe noted that in the case of industry titans such as the Ultimate Fighting Championship, fighters often walk away with just 15% of their take after fees. More details about Fight to Fame's planned fan token offering are due to be released in future; the tokens will apparently confer betting and voting rights on their holders and form part of a transparent blockchain-based economy for the entire ecosystem.
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