A group of entrepreneurs and supporters have launched a crypto project to finance the teams in the Spanish third division. Soccer Team Owner allows interested parties to purchase tokens that give them ownership over an under-funded football team.
The project was created and managed by Innoventia, an end-to-end tokenization platform. It is backed by two partner companies, Teknei and Hill House Capital.
The main objective of Innoventia is to offer investors the opportunity to participate in investment projects that would otherwise be inaccessible.
Soccer Team Owner is betting on the fans of the teams
Within UEFA, the Spanish league is one of the most important competitions in Europe. Spain is internationally recognized for the quality of its football. It has some of the best teams alongside the largest number of fans in the world. In addition, he has some of the most loyal fans willing to spend above average to see their favorite teams.
The Soccer Team Owner project aims to use the enthusiasm of the fans to financially help the teams in the third division advance.
The relationship between the crypto industry and the football industry is developing. Several initiatives have been launched lately, such as the supporter token of the Juventus team in Italy.
Other similar tokens for other football teams in Italy, Spain, England, France and Turkey will be released in the coming weeks.
Football is a huge and global market and is suitable for experimenting with innovative new global technologies such as blockchain.