Fan Controlled Football Secures $40 Million in Funding for League Expansion and NFT Integration
Big Bucks for a Bold League
Fan Controlled Football (FCF), the trailblazer of alternative sports leagues, has raked in a hefty $40 million in its Series A funding round. This financial windfall, primarily sourced from crypto and blockchain gaming firms, aims to fuel FCF’s ambitious plans to expand from four to eight teams in the upcoming season. Talk about a touchdown in the funding game!
What’s All the Fuss About?
Founded in 2017 by dynamic duo Sohrob Farudi and pals, FCF took its first leaps amidst the pandemic in a bubble environment in Atlanta, showcasing an indoor 7 vs 7 version of American football. The twist? Literally everything is determined by fans. From player acquisitions to in-game plays, fans hold the power, turning the traditional spectator role on its head.
Welcome to the NFT Arena
Fans, get ready to cheer for your teams in digital jersey and NFT avatar! The upcoming season will feature an exciting element—slash NFTs have entered the chat. The so-called “Ballerz Collection” will provide unique avatars tied to each new team, influencing how fans engage in decision-making for their team. It doesn’t get cooler than that, right?
- Exclusive content for NFT holders
- Enhanced voting power based on NFT rarity
- Discounts for existing Bored Ape Yacht Club or Gutter Cat NFT holders
The Ballerz NFT avatars will be released in limited quantities of 8,888, bringing both rarity and value to fans who wish to wield their influence. Expect a public minting price of around 0.1776 Ether (ETH) or approximately $580.
Brands Behind the Funding
This impressive funding round was spearheaded by the iconic NFT and crypto firms, Animoca Brands and Delphi Digital. Fan tokens, as Yat Siu of Animoca Brands states, enable fans to realize tangible value and meaning in their engagement with sports. In FCF, fans are not just couch potatoes; they are pivotal players in creating a meaningful sporting experience.
A Future Full of Experiments
As co-founder Farudi puts it, FCF is all about adapting and discovering what resonates with fans. Unlike conventional leagues, FCF isn’t bogged down by rigid structures like players’ unions or a multitude of owners. Instead, its one-focal goal is success—aiming to harness the power of its fans while constantly experimenting with new concepts to keep the game fresh.
In the world of sports, innovation is the name of the game, and Fan Controlled Football is undoubtedly positioning itself as a front-runner heading into the future.