Blockchain News: Mike Tyson Launches Platform That Combines Fights With Blockchain Technology

Olowo by Olowo - 12:26 PM Aug 14, 2019
Blockchain News: Mike Tyson Launches Platform That Combines Fights With Blockchain Technology
Blockchain technology has shown its ability to provide working solutions in different sectors and it appears that it could make a thrust into the Boxing scene. Former boxing heavyweight champion Mike Tyson has announced that he would be launching a boxing platform Fight to Fame.

The platform aims to help boxers achieve fame with the help of the entertainment and would be fully backed by blockchain technology.

Tyson Aims To Assist Young Fighters With Fight to Fame Platform

According to Tyson, the new platform was launched out of his ambition to create an environment that would make it easier for new boxing stars to emerge from the shadows into the limelight. Tyson hopes that this initiative when fully operational would bring back the golden age of boxing.

«The idea of Fight to Fame arose when thinking about the problem of not having new action stars entering through the pipeline . As an experienced fighter, I want to guide future generations, especially future action stars and make sure that there is a path to professional success and fair compensation. Building this global platform for them is one of my passions ».

The Fight to Fame platform will enable fighters have greater control over their prize money and allow them to have influence within the boxing scene.  These would be achieved by leveraging the power of social network, live fights,  reality shows and blockchain technology.

How Does Blockchain Technology Come Into Play

So far the plan sounds pretty good but what does Blockchain have to do with it? As the platform hopes to use a decentralized accounting book. Blockchain technology would be used in designing the decentralized accounting ledger.

Fight and Fame also want to leverage on the current wave of blockchain technology and provide a different means of payment for fighters. This is also a good opportunity for blockchain technology to be a key part of the fighting scene.

The financial expert and CEO of this project, Farzam Kamalabadi, believes that the  unique element offered by Fight to Fame is that it will bring about fans engagement.

«Blockchain resolves the empowerment that did not exist in the Internet era. This is about the generation of wealth from the masses, but back to the masses through all participants and stakeholders. So it's not just win-win. This is multiple victories for all concerned ».

The platform plans to launch cryptocurrency tokens that they can use for various activities. Over time, this would increase the value of the chips, helping to raise the profile of the firm behind the innovation.

This is a great initiative that has the potentials to revolutionize the boxing industry if fully optimized.

 

 
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Olowo

OlowoI am olowoporoku adeniyi, writer, editor and crypto evangelist, with five years experience in the Blockchain industry.