Fan Controlled Football (FCF) has acquired $40 million in Series A investment from crypto and blockchain sports startups to assist the league’s development goals including four additional teams and a NFT initiative. NFT and crypto businesses Animoca Brands and Delphi Digital lead the fundraising investment.
Formed in 2017, FCF held its first season in Atlanta last year during the pandemic. The FCF hosts a seven-on-seven indoor edition of American football, which is aired live on Twitch. The exclusive feature of the league is that the teams are controlled by its fans, who get to vote on everything from player purchases to in-game plays, advertising, and player selection.
The four new teams are owned by individuals engaged in NFT initiatives, like Bored Apes, Gutter Cats, DJ and Steve Aoki. Each new team will receive 8,888 Ballerz NFT avatars, which supporters may hold and gain voting power in the team. The NFTs will vary in terms of voting rights, unique content, and game tickets etc associated with it. Existing NFT holders will enjoy a 50 per cent reduction on Ballerz NFT transactions. The NFTs are expected to be released later this month, with a public minting fee of 0.1776 ETH ($580) per token.
Yat Siu, chairman and co-founder of Animoca Brands, informed that FCF is an evolution in which the game is in the hands of the fans from the beginning, and the use of blockchains will provide it a deeper significance.
In an interview with Forbes, FCF co-founder Farudi said on January 12 that they are currently experimenting with its model to figure out best for supporters and the league.
Read More:
 has acquired $40 million in Series A investment from crypto and blockchain sports startups){kind=link}