Fantasy Football League, a blockchain based startup, plans to hold ICO to raise $100 million dollars to create a new form of fantasy football. The startup owner aims to form a professional fantasy football league, with 12 teams initially, which will collectively be owned by fans via the platform’s crypto tokens.
The league will be similar to other fantasy leagues, but it differs in being a unified entity operated by professional managers and owned by the general public.
‘Fantasy football incredibly fragmented. Nobody cares about other teams. This is in part because there’s nothing to cover in fantasy today,’ Dan Nissanoff, CEO of CrownThrown Inc., the company behind the Crown League, said.
The Crown League will unite fantasy fans by giving them shared ownership of a single team on a blockchain, ensuring that you can feel like an owner. These teams will be run by professional game managers, who will field weekly rosters of players selected by professional pickers. The token holders can to influence decisions within each team and share in any profits they earn during the season.
The startup has announced a token pre-sale, which is expected to raise $30 million over 60–90 days. The platform will start to operate in a test mode in December. The first season is scheduled for autumn 2019 at the start of the National Football League season.