Crypto-Powered Football League Adds NFL Stars Marshawn Lynch and Richard Sherman

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NFL stars Marshawn Lynch and Richard Sherman have joined the
Fan-Controlled Football League (FCFL) — a crypto-powered
football league — as team owners.
Lynch and Sherman will also serve as fan captains for their
respective franchises when the FCFL’s inaugural season kicks off
in June 2019, the company told CCN.

Lynch is currently a running back for the Oakland Raiders and
Sherman is a defensive back for the San Francisco 49ers.
Sherman and Lynch won the Superbowl together in 2013 when
they were teammates on the Seattle Seahawks.
The FCFL is a blockchain-based, real-world sports league where
fans make all the decisions: They hire the coaches, draft the
players, and call the plays in real time. They also name the teams
and design the logos.

$5.2 Million ICO Canceled

As CCN reported , NFL Hall of Famer and venture capitalist Joe
Montana joined the crypto-powered league as an investor and
chief strategic adviser in September 2018.
Back in December 2017, the FCFL raised $5.2 million from an
initial offering through Indiegogo, one of the world’s largest
crowdfunding platforms.

In August 2018, MicroVentures — the broker-dealer that handles
Indigogo’s ICO fundraisers — quietly canceled the ICO and
refunded the money, citing regulatory concerns .
In a blog post, the FCFL said it decided to delay its ICO until it
launches a fully-functional platform to demonstrate to regulators
that its tokens truly have utility and are not speculative
investments:

“After many, many hours spent with our legal counsel and
advisors, we decided that the best course of action was to delay
our Fan Token generation event until the launch of a fully
completed FCFL platform with which the Fan Tokens can interact
with utility function.”

Games Will Be Live-Streamed On Twitch
The Fan-Controlled Football League is hoping to capitalize on the
growing mainstream awareness of blockchain and crypto by
offering a hybrid experience that combines the passion of live
sports with the engagement of video games.

FCFL games will be played in a high-tech production studio
equipped with drones, sensors and wearables, with seating for
1,000 fans. The games will be streamed in real time
through Twitch, a live streaming video platform owned by
Amazon.

The team owners and celebrity fan captains of the remaining six
teams will be announced in the coming weeks. The FCFL said it is
also working with a group of private investors who will be
participating alongside the fan captains as co-owners of the fan-
run teams.
The FCFL was founded by serial entrepreneurs Sohrob Farudi,
Grant Cohen, and Patrick Dees in collaboration with NFL veteran
Ray Austin.

Source : https://www.ccn.com