SportsCastr, a livestreaming platform that enables fans to act as sportscasters during live sporting events, is launching a cryptocurrency. FanChain will power a decentralized sports entertainment ecosystem and reward fans for producing content.
Backed by former NBA Commissioner David Stern, NFL Washington Redskins tight end Vernon Davis, and Syracuse University men’s NCAA basketball coach Jim Boeheim, FanChain will be “stamped” by metadata so that fans can be rewarded for the live streams they produce about their favorite teams.
Content produced on SportsCastr will be linked via blockchain to certain teams, leagues or events so fans can be rewarded for creating value.