- Fandom Sports (FDM) has minted the first non-fungible token for its Esports rewards program
- The token, known as Fancoin, was designed by renowned artist Daniel Mazzone
- The company will create numerous NFTs, contests and giveaways to reward Esports fans for using its platform
- Fandom Sports supplies interactive Esports entertainment to super fans
- Fandom Sports Media (FDM) is down 2.04 per cent and is currently trading at C$0.48 per share
Fandom Sports (FDM) has minted the first non-fungible token for its Esports rewards program.
The token, known as Fancoin, was designed by renowned artist Daniel Mazzone, and will remain in the company’s reserves as a treasured exemplar of a burgeoning asset class.
Fandom will create numerous NFTs to reward Esports fans for using its platform.
The company is also designing contests and branded giveaways around this version of the NFT.
The company has obtained registered trademarks for the Fandom Sports brand logo and Fancoin across markets where Esports have demonstrated exponential growth. These include China, Japan, South Korea, Taiwan, India, Germany and the United Kingdom.
David Vinokurov, Fandom Sports President and CEO, commented,
“We have accelerated our efforts to develop our rewards matrix. Recent hires haves furthered our initiatives by minting our first Fandom Sports NFT. Our team is working diligently to build out our rewards and NFT matrix to empower fans to get rewarded for their attention.
Players will have the chance to own earned rewards to trade, sell and monetize their skills and time by unlocking digital assets in both free play, regulated wagering and our upcoming all ages platform.”
Fandom Sports is also announcing a debt settlement agreement for 16,071 shares priced at C$0.56 per share. The company issued the shares in lieu of a C$9,000 payment.
Fandom Sports supplies interactive Esports entertainment to super fans.
Fandom Sports Media (FDM) is down 2.04 per cent and is currently trading at C$0.48 per share as of 9:33 am ET.