Web3 x Sport with Sportfaction, Metafight, Fanlive

Recorded: Dec. 6, 2022 Duration: 0:51:01

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Hello, hello.
Yes, hello, hello, can you hear me? Yes, I can hear you. I don't know what's going on.
Uh, me too. Wait, I have problems with my headsets.
This is really strange.
Okay, can you hear me well? Yes, yes. I can. Okay, yeah, there is some technical problems with with Twitter and with Twitter spaces in the last update. I read a lot of people complaining about that since one week, so it's in that
But same for us. We still have the same problems as everyone with a space. It's just closing at any time and we can't do anything about that. So, well, we'll do our best. But yeah. Yeah, we're taking it in any case so that we can at least turn it into a podcast.
but it's a bit unfortunate. If you guys can't hear me, just send me a message. But let's pick it up again apologies. I'm going to ask the question again because we got caught off. But obviously we were talking about like predominant income streams for sports, the traditional
who have been ticketing, broadcasting rights, sponsorship and merchandise, and I wanted to know if you guys feel if this traditional model has like, is limitation and if web tree can bring or alter these stream and is it even needed?
So I'm going to go with you Adam, since you have a lot of experience with professional football scene. How do you feel about that? Yes, maybe I think it was Thomas who was starting to answer the question. And I remember
It was even, sorry, so maybe even yes, we can continue what you were saying and then I can continue to give my answer. Okay, thank you. So yes, I was saying that basically the the Spark business model
of WebPri is working properly and some innovative organization are trying to gain an advantage by bringing some WebPri capabilities and use the development, basically. I can imagine top of my head a number
different areas where webswee could be a real advantage to those sports organizations. So first of all, it would help definitely bring younger fans and audiences to a sport. And for example, we know that golf is
struggling to attract new and younger players and web screen that sense could help. It could open up to larger younger populations. Another way, yeah, where web3 could help would be also in the sponsorship and the data.
an spawned organization as huge contact lists and it could use those with their spawn zones because every spawn zone of a day is really keen to have additional data, additional contacts and that's where
I can see a good welcome development for Web3. And finally, as well, the point in my mind is the live streaming or the TV streaming and all the pirate programs. Somebody, I think it was Adam who mentioned earlier that Web3
and the blockchains would bring additional security to the ticketing area, but I can see the same for streaming. Is it a possibility that the technology would help resolve the
issue for sport organization to ensure the media rights are ring-fans and secure. In more opinion, yes, there is something to do. Thank you. Yes, maybe even
Thank you and I'm really aligned with what you said and maybe what I can add on this is that there is also one thing, one really simple thing that the web pre can manage to solve
is cost saving. I think this is the first component of what blockchain can bring to the industry. Blockchain brings increased efficiency and automation, which will lead to significant cost saving. And I think this is the first way for this technology to bring
It's not an additional revenue, it's a cost-saving, but it's more cash for companies at the end. So this is the pre thing, and the second, it's also
everything which is about time consuming, about legal stuff, about contracts, all the things that cost a lot of money and a lot of time to the whole organization.
It could be cut off by the blockchain and by smart contract. So I think this is the first step where blockchain can bridge a huge step forward for the industry. And it's not about
about generate more revenues, it's more about streamlines, the operation and the organization by itself. So that's one thing.
The other thing, it's about contract tokenization. There is a very interesting example in NBA where a player's tokenized his contract. I don't know if you guys heard about
the story, but he turned a three years contract into an investment vacant. In details, he put a certain amount of token shares for Sian to accredited investors, and the gold for him was to receive the money
majority of his contract upfront instead of over the three years. And of course in return investors are guaranteed return over the three years period with the principal repayment plus interest. So this is already interesting.
interesting use case where players can take benefits from blockchain and tokenize their contract. So I think this one is very relevant for me and it could be a game changer also for players and athletes.
Yeah, so you said that it's more about cost saving efficiency, streamlining the operations and then also maybe even like diminishing risks from a fair perspective like they could tokenize their content
track, they could receive some of the payments up front and then share it with the people that believe that they could go far and wide in whatever sports they're doing. Now, this is all we're talking about this from like the player perspective, from the
organizational perspective, what have you changed it around to the fan? Because obviously sports has always been very much fan-led. What can WebTree bring that is ultimately going to have the fan on board with all these new developments?
Maybe Pierre, you can start. Sure. To me, this is all the entrepreneurs are going to use the tools out of the web tree to bring a new solution.
to defend on our side at Metafide. We are trying to get closer, to the MNF fighter to defend through tickets to see the fights in real life, like we were doing in France, which is
an ambition to do it at a more large scale. This is also a space where we can organize meetings between fighters and finds directly for them to exchange on a specific topic whether it is a web tree for which fighters get
curious in and for the fans to know more, I skills knowledge in MMA practice, whether it is training, nutrition, many things, but it can also be the fighters proposing their
own items out of a fight memorable fight to the public directly as a collectible. So there is a lot of way to do it and you just have to find a more suitable way to do it with the spot you are working in.
Yeah, and even you said something about that, um, weptree could attract larger populations of younger people, but it would also be good for data gathering, especially to kind of have more specific sponsorships. Um, where do you see the advantage
for the fan because obviously these type of things they help the other side, the other stakeholders, why is WebTree important for the community? I see many different areas when the fans would benefit, basically.
One, first of all, would be accessibility. As we know, Web3 could offer very distant advantages for people from all around the world to access a sporting event, whether it's online or whether it's
in front of a TV or something. Also, I would see a huge advantage for both fans and the Spont organizations to organize direct communications between the clubs, all the players and the fans.
directly and opening up basically a new channel, so to speak, but on a large scale. And whilst still be gaining a type of flexibility to have one-on-one conversation with the infants,
So for example, the dose two, yes, that I've got in mind. Yeah. Eddie, do you have anything to add there? I do tell you what, let's say, even on peer because I have the summons
We can see, for example, we have a community aspect on decentralization. We can raise the ads between part and atlet. We can succeed in bringing the final closer to the idol at least. That's what we want to do. That's why we are working hard to atlet as an investor in our studio. We don't just want to
We want to add them into the project, by the participants. So, who are the users are watching for that? And we can wait to have a review, but yes, I see it is the best part of what we can provide. It is to make the community and the athletes together.
There is a particular, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very#
a few people know it's a grand freeze, a selling grand freeze, the world is going about 100 kilometers an hour and so they respect our club and they are launching for the next season a fan-based team. They're going to build up a whole team based on a
with tokens distributed to fans and if the token cell generates enough cash they are going to be about which will be the whole team which will be fan based with the fans decided
within which will be the team members, what will be the, what will be the, what will be the look like and so on. And so it's really a use of Web3 to create a team in sport. So that's pretty interesting.
Yeah, so we are talking a lot about accessibility since a few minutes and I had one question about that because mainly we want the sport to be accessible for everyone and now we have some technical, it's technically a bit difficult for people to
to own NFTs, to Mint NFTs and all of that and crypto in general and do you think the main step would be crypto accessibility in general so people don't have to manage
too much stuff, too much technical stuff to own all these advantages and benefits from this technical development in general. Maybe I will ask this to Adam first.
Yes, sure. And this is a very important component for the democratization of the whole industry. We really need to start to build an ecosystem with
a very seamless process. And even more, we need to have a process where people are not really aware that behind what they are consuming, there is a blockchain technology.
For example, when you are on internet and I don't know you are looking for anything on the road or you are not looking for about the technology which is behind. You are just looking for the result and
and to find what you are looking for or to buy what you are looking for. You are not really interested in the process of the operation and of the technical stuff. So I think when we will be able to give to people the ability to consume
and to use the blockchain technology without knowing that there is this specific technology behind, then it will be a game changer. So I think this is a huge step we have ahead us to propose a very seamless process.
in investments with DeFi or ASL, with NFTs or GELMING or Aether in some TV games or whatever. We need to find the way to give a very smooth profit
to consume everything based on blockchain. I think this is my point. Yeah, so I guess what you're saying is that it can in theory provide accessibility. We're just not there yet where it is in practicality
accessible for large groups of people because of the costs and the complications that are associated with it. And I guess to that point, that might also be the reason why there is a slower adoption because there are costs involved in that. And to go
further on that because obviously we spoke about stakeholders, we spoke about what WebTree could do for players and for organization support organizations. Now all three of you have your projects within WebTree. When we look at attracting these stakeholders,
attracting players, attracting fighter. What has been the response so far? I'll start with you, Pierre. Yeah, on our side, the resistance was very positive. The fighters, they are not the most
guys and they don't really know about what is web tree. Some of them know about triptobase because they have the person or the interest into it but they were very curious on how does it works and it went with a large aspect
of education when talking to them to get them into a meta-fight. So yeah, it was mostly positive, curious about what we are doing and plus we had some strong arguments to provide them to join a meta-fight.
Okay, how about rugby players even? Yes, the same. The same that the top players to fighters basically rugby players generally have responded
very well to fund lines requests. But the same really applies to bloodbite players and members of the public. Some people are more aware of what digital collectible cards are.
and some are not. Some players see a great potential for their own personal brand and to build their own personal brand. So not everybody is aware of the potential, but it's no different to the public really. So but generally
speaking, we are the good response. So when we talk about kind of the main incentives to get players in, would you say that that's actually for them, the personal brand building because they can already do that, right? Yeah, yes.
There's a big incentive in the field and they've got a good incentive to build their own personal brand equity and strengthen the link with their own audience, audiences even. So they can generate value by
by having a closed link and regular communication with their base support. Consider the power of having thousands if not millions of direct links, as you know, there's a huge equity in that.
answer to your question is yes, buddy. Yeah, and Adam, I mean, you you're a professional football player. Is it something like looking back that you think would have been great for your career to have Web Tree already like intertwined in that?
How do you see that for this new generation of football players? Yes, I think for this new generation of players, it's also about to be recognized as an entrepreneur and
and as an advisory. Because the players, there is a kind of competition between them outside of the field, which is more about the brands, more about businesses.
and you think they can do outside of the field. So what I see is that they are really into being recognized as an entrepreneur and as a person that can
do something more than just playing football or playing basketball. So this is the first thing. The second thing I can say is that they also really want to make something useful and valuable for the fun
because for them it's really easy to make investments in any company in private equity. It's not a really big deal to invest like 50k or 100k euro in any company. But what they are looking for
Now it's more about providing something with a very valuable and sustainable for the community. So this is really important for them and it's getting more and more important for them because
of the social media, social network and so on. So they have a huge exposure on media and on people which is much higher than 15 years ago or 20 years ago when I was playing
So the window is so much bigger than now they are really focused on providing something valuable for the fund base. So would you say that Web 3 provides almost provides kind of like a new type of retirement plan for professionals?
Yes, of course. It's beautiful for them. It could be, it would be a new way to generate revenue after the career, but it's also an important thing.
opportunity for them to create new revenue, sorry, but even now, I mean, they really interesting to have a non-usual way to generate revenue because most of them, when they speak
and talk with what manager it's always about investing real estate in a financial investment plan, life insurance and so on. So when we are talking about investing in cryptocurrencies and generates yield with those new assets,
You see there is a
very interesting curiosity and they are really into it to know more about how they can create crypto assets now to generate revenues in the future. So the monetization of
of a brand and awareness, I think it will be more and more across what we and crypto currency. Yeah, that makes sense. I mean, you guys are three of the projects that we follow close
to see your builders in the space, can you tell us a little bit more about your own roadmap? What are the next major milestones that you're trying to achieve for metafights? Let's start with that. Yeah. So there are four steps in the
The first is in about a few days, less than 10 days. Is the release of the bridge feature to initiate the migration from Terranua blockchain to IAMX blockchain and for players to switch their card
from a network. The second step is the release of the marketplace that will offer the secondary market feature. Then it is the release of the shops to allow pack of cards to be sold to any player that get interested in to meta
and at the same time the release of the metafide alpha by mid-January. Oh the alpha is releasing mid-January nice. Already yeah. Yeah. Tomah do you want to speak about fan life and where you guys are heading next?
Sorry. What? Carry on. Carry on. Okay. Sorry. So the next step for for for for for naive we already have on the market a proof of
of the market, which we are very satisfied with this with the market. We are going on a second phase and starting next week with the release of all brand new home page, which will be
for progressive release of a very new, fine live experience of the marketplace. Several fantasy games can come up to this.
And such for, well, actually people in the next several until the first semester of next year. Why do we want to release the whole fantasy experience because we identified several audience and audiences and from the
what we call cryptogamers, which would be people who like to play to play games, but have a sensibility towards blockchain and web3 and cryptocurrencies. And we also want to bring it on
Red defense obviously has as he once said trying to bring a younger or younger or Jens a younger to to the sport and lastly gamers and this this is going maybe
maybe we're going to talk about this later in about how gamers see blockchain and NFT but there's a strong resistance to to to to to to an if this from from from from hardcore gamers and so we really want to bring them an experience which will try to
to show them how they can use NFTs. But NFTs won't be loot boxed. And through game design, through different types of fantasy games, bring them an experience that they will like and they will
Can come back to Ruby Harley. Yeah, yeah. Any what about a sport faction? What do you guys have in the pipeline for the next few months? Yeah, we have a lot to do by playing. It is mainly by the on three issues, the development
the mobile game, we created more in order to prepare a quality user experience and communication. Our next big milestone is the launch of the Office Alcomlinkation of the project in January. On 10, we want to launch our early access in the second quarter of 2023.
But until then we have a lot of automated steps planned like we will probably use a prototype to get a commentary on both so that all know all on the top of about what we want to offer. So yeah, a lot of stuff is coming up. The community will like it.
nice nice okay sorry did someone wanted to say Tomah you wanted to say something no no not now I just did but now nothing nothing
Not right now for the next question. Yes. Okay. Okay. Awesome. I want to talk a little bit more about sustainability because that's also quite a hot topic in
the web tree. I mean, there's been quite some fun and name calling around web trees, ponzzies, cash grabs. What do you guys, what's your stance on this? Do you feel that it's fair?
Yeah, well, if I can start on this one, to my own belief, this is total affair. The loss is for many people were huge over the past months and over the past years too. This is the
The deal for any emerging market to my belief, the information is not well known by so many people. There is some kind of race for the first people to get a project with these technologies.
and the gameplay is not important there because they want to get the first mover advantage and take money. This is the deal of any market, I would say, at its first stages and when it becomes
the more mature it grows the more stable too. So yeah it's kind of fair but we are kind of in a time where we will see more projects using better the technology that we are working on.
Yeah. And when it comes to tokenomics, maybe this is one that you can take even how does fan life plan for long term economical sustainability? And if it's, is it even something that you can plan for at this stage?
No, I think he left. So let's ask maybe more at m and just one.
If I don't miss here as well. Yes, yes, I'm sorry. No, no worries. I just have some cut on the connection. Can you just repeat the question please? I was wondering how you guys build or think about
like incorporating economic sustainability within your games because these are things that people talk a lot about. We just talked about ponzi's, axi had a lot of the name calling around that. So I feel like a lot of games right now, they're trying to improve on this model.
and it's still nascent but what are you guys doing or do you feel you can even do something right now to kind of like plan for the long term? Yeah, yeah, of course we can do something because you see for now for
the last past years, most of the project was linked with the current market situation when it was the boot run, other project was fine.
then made a lot of cash on someone. And now which is a complicated difficult moment, it's you see the the like of I would say
The industry needs to be more professional. And when the time comes difficult and when we have headwinds, you can see the weakness of the industry. So by our side,
On our sides we are really trying to build an economic model which is relying on fun and on the core game and not on the tokens or
I mean, I think you really create value when you bring fun for a game industry. If you don't have anything inside the game,
you can have the best economics you want. At some points, there is something up into your business. So we are trying to be very focused on the core looks of the game and to build the release
successful game by the fund that we can provide to users and that will be our economic business model and it will be relying on the game and on the fund that we can create inside the game and not on the token that we can
say on any marketplace and just pray for that the market is going up and to be in the bull markets and to make money only with the token because there is a formal on the market
So that's what we are trying to do. Yeah, it's to be more focused on the game and on the call loops that we are building. Then we're talking and that's why we choose to
would not make a token for now because we really want to provide relevant energy and relevant game loops. I think that's really strong. It's almost
like a one-liner like fun is sustainability or sustainability is fun. Without fun, you can't really have sustainability and that's also where the journey ends. Would you agree with that, Tomah?
Well, yes, absolutely. As I said, as I said earlier, we also target gamers and gamers who have some objections to
order towards the web. Web free and blockchain and sustainability is obviously one of one of those and so we always need to focus on such issues and
to make sure that using Web3 is not just cosmetic. In addition to the game play, but it is really a part of the
over the employee and always focus that we use technology but we really rely on it and it could
It can be done through any of our technology. That's the main idea if we want to be able to sustain this economics and this economics not enough.
I hope this answers the question. Yes, yes, thank you.
And we're talking, oh, sorry, go ahead. Yes, I'm sorry. I just want to complete what just had been said is just we have a very interesting example with a very strong company, which is so rare. So well, dealing with
But I didn't have released any token. I mean as a currency. But still they are strong and despite the current situation of the markets, they are still
transaction with very expensive NFTs like last week for example I had seen that NBA players had been sold for 50k dollars something like this which is huge in
this current situation. So I think Sorare is a very inspiring company not only because they have built something really worth and the valuation is above $4 billion.
that's more because despite the situation they are still here and they are not struggling and people like to play somewhere and they use us and use us every day and they don't have any token.
I think this is the question that a lot of projects need to ask and to wonder.
Yeah, that answers pretty well. The question in general and yeah, thank you. Thank you for that and that's a good, a good connection to do something I wanted to ask because we're talking about token of mix. We're talking about all of that and so rare and just recently, God, you're talking about
realization to not being classified as betting company in France. And what do you answer in general to people saying that fantasy game is only a betting and nothing more? I would like to hear to I think at least to two people about that let's start.
maybe with Adam as you were talking about about that? Yes, yes of course and I really like this topic. The thing is that people are only seeing the fantasy point, fantasy
games as a beating game because you buy a player and you wait until the game and the performance of the player and then you you saw your player with a potential potential
and so on, but most of people are not seeing the work that it has been done before buying this same player because the users on tourer on many other quantity games are like scouts in
the real life. When you are scout and you are robbing all the fields across the countries are continent you are looking for young players with of course talents but the ability to skill
they are skills into a higher level and it based on experience and on analyzing all the data and of course the skills of the players. And when you are daily users on front is a game
That's quite the same. You'll like digital scouts and you will analyze and scrutinize all the young players that you've seen on TV, on the second leagues or on the small clubs based on your skills.
and relying on your ability to analyze and to see if any players can be a huge player in the future, then you will buy this player and you will see him as an
investments because you have seen that there is skills and there is a lot of interesting characteristic of the player that it can be improving the future.
So it's quite the same when you buy an investment. When you make an investment, your investment is based on data analysis.
about the player. So when people are talking about front easy sport it's just betting games I totally disagree because if you are
But daily users, you don't buy any players like randomly. It's always based on analyze and on data. So that would be my main answer on your question.
So would you say that instead of betting it's more like investing like almost like buying stocks Where you analyze an Apple or Google and then you buy the stock it's kind of like similar So you don't know Yeah, it's kind of similar, but it's almost the same when in the real life the club will
by a young player and if the club is buying a young player it's because he believes that this player will improve and he can sail in the future with a huge capital game. So it's the same in the front of the game. So you buy a player
because you see the player with skyrockets and then in the future you can solely with a capital game. And it's the same in stock market. When you buy a stock it's because you think that in the future you can sing it with capital game.
Yeah, yeah. Yeah, that's a fair point.
And, and, and yeah, an interesting conclusion there. Toma, do you agree with this? Yes, absolutely. If we want to make sure that it's not a betting game, well, that thing is
opposed to Scare. So if you want to make sure it's not a bad thing, better in game, the reliant betting gameplay and mechanics, we need to rely on Scare mechanics. And there are tens of ways to do this in different ways depending on what audience
you are targeting. If you have a skill identification, but you can use it on one side, make sure that you bring up the player.
even if it doesn't know you at any point or in risk properly. But you can also put some skill gameplay during the game, like a coach trying to push his team and maybe have
some bonuses that you could put on players. You can find a lot of different ways to make sure that it's not a random outcome. And the less the outcome is random, the more engaging your game is.
Yeah, yeah, and that's a four point and also a good argument against the people that that have been very vocal about this type of fantasy games falling within kind of like the bedding category. Well, so we've been talking for for for a good hour now. So I
I think it's good to wrap it up. We started with the World Cup obviously and I think it's good to end with the rugby World Cup which will be next year and from. So Tomas, since rugby is in the year of year, are you
sorry are you excited for it and it's been like getting involved in some way? Well we are, we are, we are, we are struggling and we're excited about it. It's fine if I get you tinging for the doctor. Right now we are
speaking to clubs on the club level and going up a work app we need to speak to Federation level in which already started. We have some talks in progress. We really don't want to be just
We don't want to be restrained by just one nation and one championship. Just like Surreader in the book, we do want to be as broad and as open as we can.
Well, we are trying to train our best to be able to offer something for the World Cup. And well, I mean, we can get back right now of discussions and pretty confident in it.
Nice, nice. Okay, so we have to keep a close eye on it then. Absolutely. Awesome. Okay, that that concluded guys. I want to thank all of you for your time and also for the people that took the time to listen in.
This is the end of the 8cast on Web Tree time sports and I want to give a big thank you to our builders in Web Tree with fan live, sport, fashion and metafight. Thank you very much. Thank you.
Thank you. Thank you. Thank you everybody. Bye. Bye. Bye. Bye. Bye everyone. Bye everyone.

FAQ on Web3 x Sport with Sportfaction, Metafight, Fanlive | Twitter Space Recording

Can Web3 alter or bring new streams to the traditional sports business model?
Yes, it can bring innovation and new capabilities to the industry.
How can Web3 help attract younger fans to sports?
Web3 can help open up sports to younger populations and bring accessibility to sporting events.
What are some of the traditional income streams for sports?
Ticketing, broadcasting rights, sponsorship, and merchandise.
Is the traditional sports business model limiting?
Yes, in some ways, it can be limiting.
Can Web3 help improve data and sponsorship in the sports industry?
Yes, Web3 can bring additional data and increase contacts, which would be beneficial to sports organizations and sponsorship opportunities.
Can Web3 offer security for media rights in sports?
Yes, Web3 can provide additional security to ticketing and streaming to ensure media rights are protected and secure.
How can Web3 save costs for sports organizations?
Web3 can streamline operations and increase efficiency, which can lead to significant cost savings and increased cash flow.
What is contract tokenization in sports?
Contract tokenization allows players and athletes to tokenize their contracts and receive upfront payments, which could be attractive to investors and reduce risks for both parties.
Can Web3 benefit sports fans?
Yes, Web3 can offer accessibility, direct communication with clubs and players, and a community aspect to sports for fans.
How can Web3 bring athletes and their fans closer together?
Web3 can bring the final closer to the idol, creating a community aspect on decentralization with direct interaction between athletes and their fans.