Screaming J
He'll put a spell on you
Err....not really!
[Football] Crawley Town no longer officially exist
- Thread starter Barham's tash
- Start date
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Err....not really!
B-right-on
Living the dream
Yep this cleared it up:
I now know I haven't a bloody clue WTF is going on. It's as clear as mud, as my old grandad used to say.
pure_white
Well-known member
- Dec 8, 2021
- 1,216
Got disaster written all over it
London Irish
Well-known member
Blockchain-based DAOs (decentralized autonomous organizations) where members have a share and a say are a pretty interesting concept for ownership of sporting clubs/franchises. There's at least one DAO in the US looking to buy an NBA team: https://fortune.com/2021/12/16/can-...ports-nba-krause-house-pelicans-aron-solomon/
Obviously a crapton of challenges in terms of how decision-making is governed, but just imagine how much more fun NSC polls would be
Probably not in my lifetime, but a Premier League full of teams owned by supporter DAOs rather than uber-rich ethically-dubious individuals would be pretty cool.
Obviously the whole world are going to be sceptical, I am too, but is there a tiny chance it might work? The new owners have paid 5 million so they've demonstrated their goodwill by that. There are no assets to strip, the ground is owned by the council. Few can really predict the latest turns in the crypto/NFTs market, what if their sales pitch strikes a chord in that community? But worst case scenario, their NFTs selling scheme doesn't work, so they move on, and as long as they don't play silly buggers about a sale, the former owner Paul Hayward is still lying in wait and would probably pick it up if they walked away not asking for too much. The downside for Crawley fans is losing their precious Football League status if mismanagement leads to a rotten season and relegation. But for the time being, there is likely to be a rise in the player budget, which has been probably bottom 4/bottom 6 in League 2 for the past few seasons. So there could be a reckoning at some point but for the next year at least, you could see some progress for the football team with lots of funny crypto dudebro stories jostling for space in the Sports section of the Argus
Tyrone Biggums
Well-known member
No.
If you use an electronic ticket on your phone to get into an event that's an NFT.
It's far easier to just launder money through old fashioned traditional ways than risk it on NFT projects.
Artistic NFTs are just a modern day form of collecting panini stickers or basketball cards.
People know what they are buying with digital art NFTs so it's not a pyramid scheme.
People are simply buying them on the same premise that people have always bought things that others collect, that they go up in value over time.
So no different to people who bought any number of different things over the years hoping they went up in value.
A great many never did of course.
Tyrone Biggums
Well-known member
There's crypto projects that are set up so that no matter how much or how little you hold of a cypto coin/token you are able to participate in voting for the direction an organisation will take.
It's literally just engaging the fans and giving them a say in how the club is run.
And like any shareholders you need to purchase "shares" in it which in this case is the club's crypto token to be able to vote in such things.
It can also be used as an entry requirement for special deals or events the club might create.
It's literally just engaging the fans and giving them a say in how the club is run.
And like any shareholders you need to purchase "shares" in it which in this case is the club's crypto token to be able to vote in such things.
It can also be used as an entry requirement for special deals or events the club might create.
Tyrone Biggums
Well-known member
I'm betting most of the people who have no idea what NFTs do have at some stage in there life bought a raffle ticket.
NFTs can be used exactly like a raffle ticket.
NFTs can be used exactly like a raffle ticket.
London Irish
Well-known member
The podcast from the new owners is really interesting, if you half an hour to kill, listen without prejudice
https://podcasts.apple.com/gb/podcast/the-joe-pomp-show/id1593114026?i=1000556511687
https://podcasts.apple.com/gb/podcast/the-joe-pomp-show/id1593114026?i=1000556511687
Cheshire Cat
The most curious thing..
Not at all. What is this nonsense......
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McTavish
Well-known member
- Nov 5, 2014
- 1,563
I'm really interested in this.
I asked on the bitcoin thread whether it was obligatory to use a cryptocurrency to buy an NFT and was told by [MENTION=12901]CheeseRolls[/MENTION] and [MENTION=599]beorhthelm[/MENTION] that it was as that was how your ownership was recorded.
If an electronic ticket is classed as an NFT then clearly cryptocurrencies don't need to be involved. Is that how you see it?
Also, if an electronic ticket is an NFT, why isn't a paper ticket? Or is it?
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Tyrone Biggums
Well-known member
A lot of the noise around them comes from the digital art side of the "NFT" side of things.
This is what an non fungible token can encompass.
So in terms of event tickets and domain names NFTs aren't even that new of a concept, been around since 2014.
The difference between an NFT ticket and a printed paper one is the paper one needs to be created, printed and distributed, an NFT ticket is built on a blockchain.
In regards to payment type it will vary from platform to platform but they generally use the native token of the layer 1 platform that the marketplace is built on or the native token of the site itself. Which is really not much different to a shop or website that only accepts certain fiat currencies and not others.
This article might help a bit with an overview.
https://www.forbes.com/advisor/investing/cryptocurrency/nft-non-fungible-token/
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 70,585
So is an Albion digital ST an NFT? If not, isn't the whole blockchain aspect superfluous?
Tyrone Biggums
Well-known member
Well it could potentially stop ticket scalping as an example. As each NFT is unique and if it was delivered to say your phone then scalpers wouldn't be able to own or even pass them onto those who might normally buy them.
A ST could work as an NFT as it would stop people being able to let others use their STs if the club so wished that to be a thing.
McTavish
Well-known member
- Nov 5, 2014
- 1,563
The more people explain this, the more confused I get.
Earlier you said that "If you use an electronic ticket on your phone to get into an event that's an NFT." which suggests that all electronic tickets are NFTs. Subsequenly you seem to suggest that electronic tickets are only NFTs if they are part of a block chain.
Could you clarify? Is a BHAFC Season ticket an NFT or not?
Rodney Thomas
Well-known member
So, a digital ticket itself is not an NFT. If it needs blockchain input (to ensure ownership attribution) then a digital ticket or season ticket isn't itself an NFT, even if it could be.
My main issue with this space is the complete lack of regulation. Other assets have some form of regulation - to a lesser of high degree - but currently NFTs are like the wild west with influencers and high profile people scamming people (usually their fans) royally. Promising NFTs that come with all manor of short and long term project plans and objectives to drive up value, only for the influencer to bin the project off are the first sale and run off with the money. Authorities really need to start clamping down on this type of shit.
Blue Valkyrie
Not seen such Bravery!
thedonkeycentrehalf
Retired
- Jul 7, 2003
- 8,720
I thought I heard El Pres on Radio Sussex yesterday - I guess he was talking about this.
If you can stay awake long enough listening to him, I'm sure he probably made some sense of this
If you can stay awake long enough listening to him, I'm sure he probably made some sense of this
Tyrone Biggums
Well-known member
Sorry what I wrote might have not been as detailed as it needed to be.
So technically they could be.
However as they aren't built/created on blockchain tech then at present they would not be.
However in the future a club could build software that built an NFT season ticket that when scanned a photo of the holder could be viewed by staff on a screen to ensure the scanner matches the holder as an example.
This is what Mark Cuban of the Dallas Mavericks spoke of when they decided to switch to them.
So in that case it seems at present ticket companies will buy blocks of tickets and resell them with Dallas only making money from the first party sale.
Switching to NFTs it would seem that they can now make further royalties on that secondary sale when the ticket gets sold on again.