How Wincast shapes the future of live sports entertainment platform
We are thrilled to announce our investment in Wincast 🚀 together with BNB Chain, Coinfund, MH Ventures and more. Its #NFT platform drives the next generation of fans watching and interacting live with their favorite sports powered by #blockchain technology.
Wincast is an interactive NFT platform for live sports that enables users to bid, own, trade or sell NFTs of some of their favorite moments in sports history. With a mission to reinvent the way fans interact with live sports, music and entertainment in the digital age, Wincast has created an immersive, first-of-its-kind, interactive experience for users. The platform facilitates a live streaming experience which allows users to watch the sporting events they’re bidding on in real-time and through the use of a proprietary dynamic minting engine, deliver those NFTs to a user’s wallet without any interaction.
How does the Wincast NFT platform work and what can we expect?
Wincast combines live sports and NFTs for a modern interactive experience. Users of Wincast are able to own licensed digital media in the form of an NFT that captures moments. For instance, once a batter steps up to the plate, users can begin bidding on an NFT, minted by Wincast, of that moment in real-time. The highest bidder is then rewarded with that NFT.
Wincast’s first launching phase will feature a live streaming infrastructure where users watch the sporting events they’re bidding on in real-time. Wincast’s platform also includes a proprietary dynamic minting engine that allows Wincast to capture linear sports feeds, edit the video down to collectible size, input it into a predetermined template, and deliver it to a user’s wallet without any interaction.
Real-Time Bidding on Moments
NBA Top Shot NFTs or Red Bull’s F1 team, Oracle Red Bull Racing partnering with Bybit to launch ORBR’s 2022 NFT Collection are good examples of how sports leagues and associations use blockchain technology and bring new experiences to their sports. They have created a new income stream, which boosts sustainability, and increased fan engagement with teams and individual athletes. These NFTs can also be traded, like baseball cards, stocks or crypto assets on central or decentralized exchanges.
Real-time bidding gives fans the power to personally participate in the live event, witness the event’s most exciting moments, and bid on those highlights on the spot before they even hit the marketplace. This real-time auctioning method allows the participants to support their favorite team/player by bidding the highest amount. This could directly impact the event’s leaderboard as the team gains support from the crowd with an attached incentive. NBA Top Shot NFTs or Red Bull’s F1 team, Oracle Red Bull Racing partnering with Bybit to launch ORBR’s 2022 NFT Collection are good examples of how sports leagues and associations use blockchain technology and bring new experiences to their sports.
How does it impact the future of watching sports?
Real-time auctioning provides fans a unique opportunity to own the moment they think will become historically significant and sell it in the future if that collector chooses to do so. Real-time bidding can also affect the future of watching sports by increased fan engagement, advertising opportunities and more successful sponsorships of the events and players.
What Does it Mean for the NFT Owners in the Long Term?
It can mean a lot to sports fans who are excited and thrilled by the unknown that can happen at any given moment in a game and brings value as NFT collectibles can increase in value as time progresses depending on their significance, rarity, authenticity, and age. But also increased ownership is an added value for fans as they own their collectibles that can access to limited edition merchandise, VIP tickets to games, and more that previous sports collectibles could not provide.
About Ceras Ventures
We are a global leading investment firm committed to cutting-edge technology projects in Web 3.0 and crypto space to create long-term value-oriented investment and digital asset management. Our scope covers global digital assets and projects with growth potential to provide careful stewardship and to achieve capital appreciation.
Since our start of business in 2014, we firmly believed in innovation and the path forward of digital economy with the development of blockchain technologies which are extremely evolving. As growth is our key vision, our company is named after the Latin word ‘ceres’ which means ‘growth’. We aim to grow with our partners in a sustainable way of economic transition.
Our investment perspectives cover the areas of DeFi, Web 3.0 Infrastructure, Metaverse, NFT, DAO and disruptive technologies.
Our mission is ‘Value Counts’ to make every interaction and collaboration count to move forward together successfully.
Source: Wincast (Medium Channel)