TFA Takes on the Football Sector with Cryptocurrency
If you spend time on social media then you’ve likely come across a number of subcultures and groups that are very active on various platforms. Among these are cryptocurrency enthusiasts and football lovers. On any given day, it is not unusual to see viral tweets from both groups, whether there is infighting within the community, trending news, and so on.
Now, a new cryptocurrency is aiming to connect both worlds by becoming the bitcoin of football. Should this effort be successful, two of the biggest industries in the world could be bridged for the benefit of all.
The Resurgence of Football and the Need for a Digital Connection
The last year has been an interesting one for the football industry just as it has been for many others. Because of the COVID-19 pandemic, fans were unable to fully gather in stadiums to watch their games, and even as the world reopens, many are still unable to fully congregate due to restrictions in their countries. This has created a greater demand for a digital connection among fans since many are having to interact digitally with their favorite Club.
Several other sporting industries have recognized this shift as several NFL teams have created blockchain-based platforms and have also embraced NFTs to allow for the authentication of memorabilia. High-profile players are taking salaries in Bitcoin, and a few weeks ago a player was bought with TFC.
The football industry has seen a few tokens being launched by teams but there is the need for a universal token that will unify the entire industry which will likely be more effective than a horde of individual ones. It is this concept that TheFutbolApp has been created for and intends to operate a digital token for this purpose. This new token is backed by a number of industry players like Livingston FC of the Scottish Premier League. Additionally, TFA Worldwide Association, tasked with giving more than half the supply to worthy football-related causes, has board members with considerable ties into the Premier League.
The TFA app, which operates as enabling technology connecting the blockchain to the real world of football through a gamified social network, works on both iOS and Android. The only way to run ads on TFA is to pay with TFC, so the greater the demand for ads on the platform, the greater the demand for TFC. TFA also has a sophisticated payment system enabling hundreds of businesses to take payment from TFA users and TFC holders via the app.
In the short time that the app and the native token have existed, they have amassed an impressive hundred thousand holders worldwide and it is already being used within the industry. One example of this is the signing of David Fadario, who is from the Lagos Islanders, to the ALKI Oroklini football club and the payment for which was done in TFC tokens.
This is the first time that the token has been used for a football signing but it could very well become the industry standard as time goes on. The end goal is to become the standard token for the football industry and this will be done through strategic partnerships.
The Scottish premier league has already signed up to accept TFC as a means of payment for tickets on merchandise and they also act as a way to purchase non-ads modes on the official app. Ultimately, football fans around the world will need a common way to interact with each other, make payments and facilitate the billion-dollar football industry and TFA and its accompanying token wants to provide an avenue to do this.
Among its achievements, it also recently released the panda token ($PANDA), a useful meme token that is based on the Binance Smart Chain. This token is mainly geared towards the sports NFT market which has become very prominent in the sports world. The main aim of this token is to mint and trade NFTs on the official TFA app which also gives consumers a native way to trade football-based NFTs. Details are found at www.thepandatoken.com.
Since the token was launched in mid-June 2021, it has risen 10,000% on PancakeSwap and only shows more signs of growth moving forward. Between the native TFC token, the $PANDA token, the TFA worldwide association, the native app, and so on, it is clear that the management of TFA wants to cover all its bases with regards to offering consumers the best.
This also means that every possible angle of the football industry will be covered for fans who can interact with it digitally, make purchases, sales, and so on. The future of all industries will clearly be tied to blockchain and the digital world and TFA is clearly working ahead of the curve.
Image by Keith Johnston from Pixabay