Ukrainian Football Club Will Use Blockchain as an Income Source
The Ukrainian football club Dynamo Kyiv is looking into the Blockchain technology in order to come up with a new source of income....
The Ukrainian football club Dynamo Kyiv is looking into the Blockchain technology in order to come up with a new source of income.
The club has recently announced that it intends to cooperate with the company Moonwalk to introduce a marketplace for its fans, which is run based on the Blockchain technology and allows users to purchase various things using digital tokens. Moonwalk is a company which specialized in digital economies.
When the marketplace is created, the fans of Dynamo Kyiv will be able to engage in various activities such as taking part in prediction games in order to collect digital tokens. They can also get involved with the social media of the club to gather more tokens.
After users collect these digital tokens, they can use them to purchase club’s merchandise, different collectibles, going to VIP events, or even receiving discounts when they are purchasing goods at the stadium of Dynamo Kyiv. These tokens are all integrated into a mobile app which can then be used both online and offline.
This decision has been made by the Dynamo Kyiv in order to ameliorate some of the damages that have been sustained by this club during the Covid-19 pandemic and quarantine. Given the fact that limitations and lockdowns still persist in many places of the world and especially Europe, footballs clubs are seeking various ways of gaining revenue.
As previously mentioned, the Coronavirus restrictions have forced many football clubs to shift their focus toward new means of income. Dynamo Kyiv is not the only team that has started its route toward new and alternative methods to gain revenue.
Previously, other well-know and prominent football clubs such as FC Barcelona, Atletico de Madrid, Paris Saint Germain, Juventus, and Bayern Munich have launched their similar programs utilizing digital tokens and Blockchain-based platforms.
The attitude of the Ukrainian government has always been positive and welcoming toward the Blockchain technology. The Ukrainian Digital Transformation Ministry has been working on creating regulations for Blockchain that are by and large positive and straightforward.
Along with Shakhtar Donetsk, Dynamo Kyiv is one of the biggest football clubs of Ukraine. In fact it was the winner of the 2020 premier league of its own country, Dynamo Kyiv failed to advance in Europa League and also to quality for the UEFA Champions League.