Users can buy and sell Player Shares tied to real-world athlete performance, participate in tournaments, and engage in prediction markets. Unlike traditional fantasy sports, player rosters do not reset each season; Player Shares are ERC-20 assets that can be stored in wallets and traded.

Team and Founders

Founder and CEO Adam McIntee is an experienced entrepreneur in fantasy sports and Web3 gaming. The core team includes experts in finance, technology, and community management. CFO AJ Romero oversees tokenomics, treasury management, and operations. The team participated in the Google for Startups Web3 Accelerator program.

Investors and Partnerships

Sport.Fun raised over $2.5M in capital, including a seed round led by 6th Man Ventures and additional support from Zee Prime Capital and The Operating Group. The platform reports over $24M transferred to user wallets and a Total Value Locked (TVL) of $5M.

The $FUN ICO ran via Kraken and Legion, collecting $10M pledged from 4,602 participants, with an average investment of $2,216 per user.

Project Concept

Sport.Fun offers a fantasy-trading layer where users create portfolios of Player Shares that fluctuate in value based on performance and demand. The in-game economy uses Tournament Points (TP) and Gold (USDC-pegged), while the $FUN token is used for revenue sharing, fee discounts, and long-term ecosystem alignment. Marketplace fees fund $FUN and Player Share buybacks, supporting liquidity and market depth.

How It Works

• Gold: USDC-pegged in-game currency for trading Player Shares.

• Player Shares: ERC-20 assets representing athletes, capped at 25M per player.

• Tournament Points (TP): Earned in-game and used to open Player Packs.

Players predict athlete performance, buy shares, and benefit as values rise. Shares can be sold on secondary markets or used in tournaments to earn rewards.

Governance

$FUN holders can vote on platform upgrades and player additions, empowering community participation.

Token Utilities

$FUN is used for fee discounts, premium content access, governance, and ecosystem rewards. TP and Gold are for in-game progression and Player Pack purchases.

Token Information

• Total Supply: 1,000,000,000 FUN

• Max Supply: 1,000,000,000 FUN

• CMC Circulating Supply Displayed: 5,000,000,000 FUN

Token Distribution

• Team: 25%

• Investors: 24.8%

• Community Incentives: 21%

• Treasury: 17.7%

• Public Sale: 7.5%

• Genesis Airdrop: 4%

Roadmap

• Feb 2025: Football.fun MVP launch

• Aug 2025: Pro version and on-chain volume growth

• Dec 2025: $FUN ICO via Kraken and Legion, Token Generation Event

• Future: Full basketball and NFL integration, mobile app launch, F2P expansion

Key Features

• Real performance-based Player Share trading

• Transparent on-chain marketplace

• Multi-sport support

• Fixed supply token with buyback mechanism

• Community governance and persistent value creation

Ecosystem Highlights

• Low entry barrier for Web3 newcomers

• Player Shares persist across seasons as financial assets

• Reputation (REP) system incentivizes activity and airdrop participation

• Multi-chain support including Ethereum, Solana, and Arbitrum

Sport.Fun combines fantasy sports with blockchain, offering fans continuous rewards, investment opportunities, and a long-term sustainable platform for multi-sport engagement.

Official Links

• Website
• Twitter
• Discord

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Paris Saint-Germain, a Pioneer in Digital Fan Experience

Club president Nasser Al-Khelaifi said in a statement, 

“Digital currencies are creating new opportunities in the sports world. Bitcoin investment is part of PSG’s innovative vision.” 

Additionally, the club’s CEO emphasized that this step will strengthen PSG’s global financial power. Par Helgosson, head of PSG’s Web3 and Metaverse department, stated that the club converted a portion of its cash reserves into Bitcoin in 2024 and still holds this position. Helgosson highlighted that PSG has made history as the first club in the sports world to adopt digital assets. PSG Labs is working on innovative areas such as NFT projects, fan tokens, metaverse experiences, and DAOs, creating new revenue models while enhancing fan engagement. 

Paris Saint-Germain Labs head Par Helgosson: 

“Last year, we added Bitcoin to our balance sheet. We allocated a portion of our fiat reserves to Bitcoin. And we still maintain that position. As one of the world’s biggest clubs, we are the largest player in the sports ecosystem to make this move.” 

Moreover, through PSG Labs, the club aims to support Web3 projects such as tokenization, DAOs, NFTs, stablecoins, and custody solutions. It also plans to take an active role in areas like blockchain games. This strategy targets PSG’s young, digitally-focused global fanbase. 

In February 2024, PSG became the first professional sports team to run a validator on the Chiliz blockchain. The club committed to using all validator rewards to buy back PSG fan tokens. Additionally, to support Web3 development, it organized stadium-based hackathons at Parc des Princes. 

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The post PSG Brings Football and Crypto Together with Bitcoin Move!  appeared first on Coin Engineer.