Vancouver, British Columbia–(Newsfile Corp. – January 19, 2021) – Fandom Sports activities Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FSE: TQ43) (“Fandom” or the “Firm”), is keen it to stipulate its technique for minting and deploying Non-Fungible Tokens (“NFTs”) to reward Esports followers for engagement on Fandom’s All Ages Engagement Platform (the “Platform”).

NFTs are a kind of cryptographic token that aren’t fungible and never mutually interchangeable. NFTs have been developed to create verifiable and provable digital possession for distinctive digital gadgets together with art work or in-game gadgets, resembling a magical sword or an avatar. As beforehand highlighted, an NFT turns into a digital collectible with the authenticity backed by blockchain expertise, on this case, Ethereum. NFTs will be bought or traded on web sites resembling OpenSea, VE-VE, and WAX, which have emerged as buying and selling platforms for NFTs.

NFTs can be utilized to signify nearly something, from digital to actual belongings. Among the hottest NFT websites discovered on-line as we speak embody:

Digital artwork: CryptoArt.io, KnownOrigin, MakersPlace, and SuperRare

Digital music: Mintbase and ROCKI

Digital buying and selling playing cards: Gods Unchained and Sorare

Gaming belongings: Axie Infinity and World of Ether

Digital actual property: Cryptovoxels and Decentraland

Fandom might be creating NFTs for: person handles, day by day raffles, coin packages, avatars, frames (round profile pictures), stickers, badges, chat amplifiers (textual content goes in bigger/totally different fonts), rating multipliers, and different in-game bonuses. Every class could have dozens of particular examples that might be staggered to concentrate on elevated shortage to incentivize gamers to carry out particular actions inside the platform. The top aim can be to get a FandomWiki outlining all of the NFTs the Firm has created both by itself initiatives or with associate manufacturers. The Firm is evaluating organizational necessities to help this initiative

Based on NonFungible, through the previous month, over 60,000 NFTs have been bought for a complete of $12 million with CryptoPunks, SoRare, and SuperRare representing the highest websites by gross sales worth. Over the previous three years, NonFungible has tracked over 5 million transactions valuing over $160 million. Based on CryptoArt.io, December 2020 set a brand new report for the blockchain-based artwork market with over $8 million of NFT art work bought. Over the previous 3 years, over 54,000 items of crypto artwork representing $54 million has been bought.

David Vinokurov, CEO and President states, “The convergence of Esports, blockchain, iGaming and gaming applied sciences gives a singular vantage level for the Firm to leverage its Unified Info Entry platform to capitalize on all these overlapping technological developments. In any trade, on the finish of the day, one of the best expertise will win, and I consider that Fandom is laying the groundwork for a transformative person expertise in all sectors talked about and finally worth creation for all of the Firm’s stakeholders.”

PLAY. PREDICT. GET REWARDED.”

For extra Info:

David Vinokurov

CEO, President

Fandom Sports activities Media Corp.

E mail: data@fandomesports.com

Telephone +1 (604) 256 6990

The CSE has not reviewed and doesn’t settle for accountability for the adequacy and accuracy of this new launch.

DISCLAIMER:

Sure statements made herein might include forward-looking data inside the that means of the relevant Canadian securities legal guidelines (“ahead wanting statements”). Typically, however not all the time, forward-looking statements will be recognized by means of phrases resembling “plans”, “expects”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives or thereof. Ahead-looking statements herein embody, however usually are not restricted to statements with respect to: the affiliate marketing online relationship with Elite Duels Corp. and the coming into right into a definitive settlement for the affiliate marketing online partnership and the anticipated advantages to Fandom from the definitive settlement; market acceptance of the Firm’s peer-to-peer wagering platform; the Firm’s expectation of changing into a world-class participating eco-system for all ages followers and followers of wagering on reside Esports occasions;and the anticipated progress and well being of the Esports betting market basically.

Ahead-looking statements by their nature are based mostly on assumptions and contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes to be materially totally different from these expressed or implied by the forward-looking statements. Now we have made sure assumptions, which our administration believes to be cheap, in regards to the forward-looking statements, together with the flexibility to enter right into a definitive affiliate marketing online settlement with Elite Duels Corp., the anticipated income and different advantages to be generated by the connection, in addition to the continuing efficiency benefits of the Firm’s platform compared with present or future aggressive choices, and the longer term progress of the market through which we compete. Nevertheless, we will present no assurance that the forward-looking statements will show to be correct. Moreover, ought to a number of of the dangers, uncertainties or different elements materialize, or ought to underlying assumptions show incorrect, precise outcomes might fluctuate materially from these described in forward-looking statements. Accordingly, you shouldn’t place undue reliance on the forward-looking statements or data contained herein. Vital further data figuring out dangers and uncertainties and different elements is contained within the part entitled “Danger and Uncertainties” within the Firm’s most up-to-date Administration Dialogue and Evaluation filed on SEDAR.

Besides as required by legislation, we don’t intend to replace forward-looking statements whether or not because of new data, future occasions or in any other case.

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/72326

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