TokenStars Launches the First Project to Tokenize Celebrities with ICO Scheduled for August, is this idea a viable one?
About TokenStars
TokenStars is the first blockchain company to massively tokenize celebrities and athletes alike. It aims to decentralize and disrupt the talent management industry by decentralising it and providing funding and promotion to rising stars. Starting with issuing ACE tokens for the tennis industry, the company plans to expand with new areas, including football, poker, basketball, hockey, cinema actors, musicians, and models in the near future as well.
About TokenStars First Venture
TokenStars concept is looking to disrupt the talent development arena by providing funding to athletes, and celebrities. Their first venture to tokenize people is starting with the company ACE. ACE is a project supporting you and experienced tennis players. ACE plans on introducing an aggressive 1 billion tennis fans to the blockchain world and later next month they plan on tokenizing football stars.
“At the moment, the top 10 athlete management agencies have $1.19B in yearly commissions and 3,731 years of contracts signed. The industry is bigger than the GDP of Serbia, Bahrein, Brunei or Cyprus. ACE disrupts this market, decentralizing it and sharing the value among the community,” says Pavel Stukolov, TokenStars cofounder and CEO.
Known Investor
TokenStars also has a strong support backing from its first believer and investor, Forbes top-30 internet entrepreneur Elena Masolova.
“Aspiring tennis players need approximately $100K a year to build a career. Some have to put everything at stake – just like Olympic medalist and 5x Grand Slam winner Maria Sharapova, who came uninvited from Russia to Nick Bollettieri Academy in Florida at the age of 9. Her father had to work as a dishwasher just to cover her bills. Later she earned $36.5M in prize money and $285M in sponsorship deals. With ACE, young players like Maria Sharapova can get funding for academy costs, coaches, sparring partners, and tournament participation, as well as help with signing sponsorship agreements,” says Elena Masolova.
Questions/Feedback
- Do you think there is an actual need for this type of tokenization?
- Would you buy in to an ICO like this?