Danish esports organisation Team Singularity has expanded its cooperation with Swiss-based sportstech company Blocksport to launch fan tokens.
The new token, called $SNG Token, will provide Singularity fans with a variety of perks. This includes unique content, SNG Academy benefits, and the opportunity to train with Team Singularity players.
RELATED: Team Singularity expands Blocksport partnership to launch NFT series
According to the release, token owners will also be offered ‘unique opportunities’ to influence team-related decisions. The tokens will be priced at €1 and are set to launch in December 2021. In total, 3m tokens will be supplied.
Team Singularity has partnered with Blocksport on a number of projects already. In September, the two parties launched an NFT series. The organisation has also launched a custom-made team smartphone application with the sportstech company.
Vladimir Liulka, CEO and Co-Founder of Blocksport, commented: “We are happy to extend our exclusive partnership with Team Singularity and launch $SNG Fan Token for their fans.
Singularity has a global and awesome fan community.
“The Token opens up a new world – an environment in which they have the chance to be very close to their favourite players and team”.
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Team Singularity has cited that those who hold tokens are lifted to a decision-making position, with the organisation even claiming that holders are to be treated similarly to the Board of Directors.
Esports Insider says: While there are doubts regarding the influence fans actually have when it comes to big decisions, it’s welcome to see a team embracing blockchain as much as Team Singularity. This could be a huge fan engagement opportunity for the organisation and its community, however, it’s important to always be careful when jumping on a trend.
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