SportsCastr, a live streaming company backed by the NFL Players Association, has announced the launch of its FanChain cryptocurrency on FanWide, a platform that helps fans find local game watch parties for their favorite teams.
As part of the launch, sports fans can now earn FanChain tokens (FANZ) for checking into viewing parties at thousands of sports bars across the U.S., and can seamlessly redeem the tokens for cash via SportsCastr’s FanWallet.
To get started, users simply register for an account at FanWide.com. After linking their FanWallet, users can earn tokens at more than 10,000 sports bars that are part of FanWide’s network.
“FanWide has promoted over 1.5 million watch parties and has partnered with numerous professional sports teams and their fan clubs from the NFL, NBA, Rugby League, European soccer leagues and more. This rollout represents one of the largest real-world deployments of blockchain in fandom, and we’re just getting started.”
Going forward, the companies expect to work with local bars and venues to accept FanChain tokens in exchange for discounts, drinks, and other rewards. Additionally, FanWide will be integrating SportsCastr’s live streaming technology to allow fans to go live from viewing parties.
“Fans are always seeking new ways to show their team pride, and now they can earn rewards for watching their teams and supporting local businesses. This partnership is great for fans, great for venues, and great for the world of crypto.”
– Symon Perriman, CEO and Founder of FanWide
FANZ Token
FanWide is the second platform to integrate FanChain. On SportsCastr.com and its mobile app, broadcasters can earn FanChain for broadcasting, and viewers can send FANZ tokens to tip, unlock pay-per-view events, purchase subscriptions and more.
In addition to the FANZ token, SportsCastr develops the FanChain-compatible FanWallet and a DApp that allows any sports company, team or league to distribute and reward fans with FanChain tokens.