EX Sports Adopts Blockchain to Drive Crowdfunding in the Sports Industry

Asia Blockchain Review
August 14, 2019
EX Sports Adopts Blockchain to Drive Crowdfunding in the Sports Industry

In Thailand, EX Sports, a digital sports service provider, announced that it is joining hands with Blockchain Centre Bangkok and Thailand’s Digital Economy Promotion Agency (DEPA) to launch three new blockchain projects that will, for the first time, use the decentralized technology to enhance transparency in the country’s sports industry while promoting new athletes to equally succeed in the industry.

Developing a Reliable Platform for the Sports Industry

According to Khaosod, a local news agency, Stephan Fox, Vice President of the Global Association of International Sport Federations (GAISF) announced his support for the projects.

“In the past few years, the sports industry worldwide have been developing platforms to drive further fundraising opportunities. EX Sports is adopting blockchain to ensure that this crowdfunding platform is reliable and transparent, driving sustainable growth for the sporting community,” said Fox. 

Meanwhile, Katha Boonsin, CEO and Co-Founder of EX Sports (Thailand) disclosed that the project is offering new ways to raise funds for athletes.

“Today, crowdfunding can be done online with the help of a blockchain platform. We have joined hands with organizations such as DEPA, United Through Sports (UTS) and GAISF to demonstrate the advantages of blockchain for the sports industry,” Katha said.

Blockchain Initiatives to Drive Sports and Athletes

The three projects are crowdfunding for amateur athletes, tackling counterfeit sports collectibles, and working with UTS to raise funds for youths in rural areas. 

According to EX Sports’ website, the organization is aimed at increasing fan engagement for all sports, rewarding fans with a unique revenue share model, enabling athletes to unlock the value of their popularity with collectible tokens, and developing sustainable sport brands within one global ecosystem.

Source: https://www.khaosod.co.th


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