For the Web3.0 Fans: How Fando Could Change Sportstech
Undoubtedly, the Web3 explosion during the pandemic made its mark.
The use of Web3 technology by businesses to increase fan interaction is a component of a rapidly expanding revolution in the way that big sports organizations communicate with their fans.
The sports industry has discovered that it is more crucial than ever to build a link between the actual, in-person atmosphere and excitement of a sport and the digital world.
The connections between creators and fans are frayed, let's face it. Since the advent of Web2, followers have become accustomed to a one-way transactional street of following and consuming, and their encounters with well-known authors rarely make them feel pleased. Celebrities only have a small and Specialized tool for controlling their personal brand and interacting with top fans. Web3, however, offers an alternative and firmly establishes the current dynamic as unidirectional and disengaging.
Now, Fando Network is here to take Web3 fan engagement to the next level.
Making connections with fans has never been simpler thanks to them.
Two entrepreneurs, Mr.Manit Parikh and xyz, were inspired to develop better sports fan engagement platforms in order to totally reshape the fan engagement market. That was how Fando Network began.
A space that is connected to services and innovative concepts are increasingly in demand as more people become interested in digital interaction.
The Fando Network platform appears at first sight to be a user-friendly platform that is centered on the fanbase but it's much more than that ,Fando Network is altering the playing field.
The mission of Fando Network is to offer personalization experiences for sports and entertainment that are powered by blockchain. To boost their fan engagement strategies, the team has expanded collaborations with sports clubs, leagues, organizations, esports teams, and sports influencers.
The goal of Fando Network is to establish connections between teams and supporters while ensuring new revenue streams that are safe, open, and perfectly integrated with the ideal fan experience.
There are several built-in activities planned for both creators and fans to take part in, enjoy, and enhance their performance.
Fando Network is dismantling third-party platforms that served as barriers between sports and entertainment creators and fans, in addition to developing a top-tier marketplace for fan engagement and rewards. Fando Network is working to solve middleman issues by developing a responsive app that fans can access across numerous platforms, giving sports clubs and organizations direct access to comprehensive fan metrics.
With the help of these insights, businesses may better tailor their offerings for fans in terms of both merchandise and fan services.
Fando tokens
*Take a definition of Fando tokens*
For independent creators, Fando tokens will be significantly more valuable. The majority of commercialization and branding is outsourced once the big-name performers have amassed their money.
However, for the less well-known musician, with an audience of up to 1000 follows, collecting just one dollar from each of their fans would support significant growth and success through decentralized financing.
As a result, the bond between creators and fans is strengthened. The ability to produce interesting and gratifying content increases as the artist gets more attuned to the involvement from their community. Therefore, the monetization potential of social tokens incorporates useful autonomy into the careers of young innovators.
Now that the power is directly in the hands of the creators and their separate online communities, it is no longer bound by systems of celebrity status, traditional media, or social media.
It encourages a mutually beneficial relationship between the two sides because celebrities can pick what and when to share with fans and people can select when to consume. The creators in this field are the ones most likely to put in the work because relying on the Fando Token demands an ongoing, focused effort.
With the community's pressure to have quality content, accountability becomes quantifiable. As a result, the content created is of a higher caliber, engagement is regular and substantial, and fans as a whole benefit more from the celebrity interaction than before.
By contributing to a creator's success and making investments in their continued and future performance, fans now play a more significant role in the relationship, empowering both parties. Fando Network gives fans access to a wide range of exclusive and extra Web3 enabled features offered by the creators. From choosing to exhibit support through staking, the Web3 equivalent of "following" to exciting offers.
Fans might gain access to amazing surprises by "staking" their creator token too.
Conclusion
A significant lesson has been learned by the sports industry. With ground-breaking NFT marketplaces and metaverses, they have not only adapted to the digital world but are also prepared to advance along with technology.
Fando believes Web3 technology and the metaverse might give corporations, content creators, and fans a lot of opportunities. They can be used by brands to increase revenue-generating prospects, possibly with lower merchant fees, which might provide consumers more purchasing power and give typical businesses more room to develop.
The creator economy's forthcoming Web3 paradigm seeks to empower creators to establish their own autonomous "open economy," which they may jointly control with their fans and directly commercialize without depending on a middleman.
