'Could a DAO Save Chelsea FC: How DAOs Can Help Decentralize Ownership' by xenofonofathens chelseafc cryptocurrency
rticle has been written by Xenofon Kontouris, on behalf of Athens Labs. Contact Athens Labs about ChelseaDAOThe future of football is wildly different from what you imagine. Software eats the world, and Football is no different. Get ready for the DAO-fication of the Beautiful Game.This article will explore how a Football DAO could operate today, and what benefits and risks it may hide for both the fans and the future of Football.
On March 11th, the UK government stated that they will allow the sale of the club to interested buyers. Valuation is roughly at 2,5bn GBP, and interested buyers are due to submit a bid by the end of March. All proceeds of the sale should be funneled to the people of Ukraine. DAOs can help a group of people deliver a number of operations - from automated financial services, to community-generated media and plenty of other applications that have not yet been realized.
ChelseaDAO could produce a governance token, titled $BLUES, that all fans can buy into and trade in the open market. The token will represent a share of ownership. This will work whether the Club is owned in full or partially by the DAO. These rewards can be NFT tickets and collectibles. These collectibles will be managed and produced by the community members who have received the most amount of delegated votes. The value of the NFTs will be determined by their rarity.
These funds can complement the initial budget of Chelsea FC. If fans raise 30m GBP, then the two sums combine to a total of 100m GBP, allowing for the transfer fee to be paid and the transfer of the Striker to go through. A master smart contract can regulate voting, pools, and the DAO ownership rights, while separate contracts can handle the $BLUES functionality along with the staking and issuance of NFTs in both ERC721 and ERC115 types.
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