Blockasset Launches Multi-Utility $BLOCK Token, Helps Mainstream Investors Into Sports

Blockasset, a blockchain-based sports platform connecting famous athletes with their fans, announced the date of the multi-utility $BLOCK token public sale. Following the record-breaking LeGENds NFT collection drop that boomed in New York’s Times Square in early November, the sale will commence on the 9th of December on DaoMaker, Solanium, and Raydium. 

After the COVID-19 pandemic stopped most of the in-person interaction for months, athletes found themselves lacking ways of engaging with their fanbases and supporting their brands. Decentralized platforms, such as Blockasset, offered a solution. Today, they are continuing to create a never-before-seen level of engagement in the post-pandemic world by utilizing novel technologies such as non-fungibles and fan tokens, putting both on the list of the most promising assets to date.

Bringing Benefits to Athletes, Fans, and Investors

First and foremost, Blockasset serves as a launchpad for elite athletes, where they can release branded NFTs and fan tokens, and connect with their fans in a meaningful way. This model has already been successfully battle-tested by the project. To this day, Blockasset’s athletes have broken Solana’s sales record twice: first last July, by Giorgio Chiellini and his ‘Gladiator’ NFT collection, then in early November by ‘Legends’ stellar NFT drop that featured five athletes including Muhammad Ali and Alexander Ovechkin, and got sold out in 9 minutes, raising $5 million.

By becoming token holders, fans get access to multiple benefits, such as exclusive fan club membership, discounted merchandise bundles and unique memorabilia draws, member-only athlete-led events like AMAs, meet-and-greets, and fantasy league competitions, voting on athlete decisions, and more. This incentivizes them to collect tokens and engage with the whole Blockasset ecosystem.

Mainstream investors, in their turn, get an opportunity to add a new promising asset to their portfolio. Through Blockasset, they can easily tap into a new investment niche at the intersection of novel tech and sports – especially now, as gaining access to rare NFTs early on, before the tech reaches mass adoption, creates plenty of potentials to profit from their increasing value.

$BLOCK, The Multi-utility Token

Another asset both fans and investors might want to put on their lists is $BLOCK – the native token of the platform. BLOCK helps move forward Blockasset’s mission, with the engagement boost, increasing demand, and a number of utilities hotwired in the tokenomics. 

First off, BLOCK holders can use the token to get discounts on Blockasset’s upcoming NFT marketplace. By staking their BLOCK holdings, they get access to additional rewards in the form of interest; the more BLOCK a user stakes, the more they’ll earn overtime. In that same vein, users can stake BLOCK to earn ASSET token, another token exclusively used on Blockasset’s NFT farm, which can be spent on exclusive perks, NFTs, and more. 

In addition to the above, BLOCK enables governance: holders can propose changes and updates to the Blockasset platform and vote on new features. This governance extends to athlete-related content, such as voting on some athlete’s or team’s decisions – e.g., what music should they use at their next big event. And lastly, $BLOCK opens the door to Blockasset’s Play-to-Earn universe. While this block is still to be delivered in Q2 2022, the token will facilitate interactions with Blockasset play-to-earn titles, and allow acquiring game-specific NFTs.

According to the platform’s representatives, the public round of the $BLOCK sale starts on the 9th of December. The token will be available from DaoMaker, Solanium, and Raydium. With a total supply of 320 million BLOCK, only 3.84 million will be made available to the public during this stage of the sale. 

Sports Tokens as Promising Assets

Lately, the whole sports NFT sector has been receiving increased attention from the fans, general public, and investors of all levels – mainly, due to the non-fungibles booming, the bar for investments lowering, and the demand for quality entertainment and interaction growing. 

As the Blockasset platform delivers more features to incentivize further engagement, such as play-to-earn games, NFT trading, and leaderboards, the $BLOCK token is bound to increase in value – and those who invest early will likely benefit the most. 

All that, plus the high number of utilities, makes both sports NFTs and $BLOCK assets worth looking into, whether you are a dedicated sports fan, a crypto enthusiast is making their first steps in investing, or a seasoned investor is looking to diversify their portfolios. 

To keep track of the project or take part in the $BLOCK sale, head to the official website of the project or subscribe to the team’s Twitter account.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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