Bridging the Gap: SFT Protocol and Atleta Network Unleash Sports Web3 Integration
Web3 Sports Infrastructure boosted by collaboration between SFT Protocol and Atleta Network
On the 14th of May, SFT Protocol announced a game-changing partnership with Atleta Network, revolutionizing the sports industry with DeFi solutions. Atleta, a high-speed, modular EVM-compatible blockchain, was developed with Substrate in Rust, processing mammoth 80 transactions per second [1]. This robust platform supports over 900,000 wallets, making it the perfect partner for SFT Protocol's pioneering DePIN technology.
SFT Network: The DeFi Solution for Long-Term Liquidity
Part of solving the obstacles faced in blockchain finance, SFT Network addresses low liquidity in long-term locked assets. By staking native tokens, users can mint SFT tokens, which can be employed in a myriad of financial activities, including staking, DAO voting, lending, and hardware resource allocation. Aligning infrastructure use with on-chain value, this symbiotic relationship connects physical assets with DeFi [1].
Leveraging the Chain of Chains concept, the SFT network links hardware resource pools with Web3 service demand, creating a market for coins from various chains. This adaptive model supports scaling and the addition of off-chain services such as AI compute, delivering revenue consistency during market fluctuations [1]. Promoting decentralized control, the system encourages easy integration of upcoming blockchains and tools, ensuring future growth and resilience.
Atleta Blockchain: A Modular Sports and IoT Powerhouse
Atleta Blockchain offers a comprehensive solution for sports asset tracking, boasting EVM-compatible smart contracts, cross-chain communication, and secure decentralized storage. Its innovative design grants applications the ability to scale seamlessly while enhancing transparency and trust, complementing SFT Network's objectives [1].
Equipped with powerful DePIN tools, SFT Protocol enables hardware tokens, allowing device owners to place their assets on the blockchain securely. With support for various hardware types, from everyday gadgets to bespoke builds like the Raspberry Pi, this technology expands the reach of logistics or sports gear tracking [1]. In return, these devices transmit data securely and swiftly, amplifying the connection between physical devices and digital services.
A Sporty Future with Web3 Integration
This game-changing partnership could lead to a multitude of innovative platforms in sports and Web3 integration. Developers might create applications that track sports data with sensors, securely placing results on the blockchain, which can be tradable digital assets for fans [1]. Teams could also issue NFT tickets for matches or leverage digital tokens for rewards. Data from wearables could feed on-chain applications, widening fan engagement and digital ownership while maintaining verifiable and transparent results [1].
With clubs managing player data securely on the chain and numerous opportunities for ticketing or fan voting, the sports market Samsung and digital ownership is bound to explode. This revolutionary approach merges physical play with blockchain value, possibly propelling wider sports crypto adoption [1]. Building robust, interoperable infrastructures that empower innovation, this partnership paves the way for decentralized sports autonomies on a global scale [1].
Sources:
- SFT Protocol Blog
- [Enrichment Data]
- The SFT Protocol, in partnership with Atleta Network, is aiming to revolutionize the sports industry with DeFi solutions, using the latter's high-speed blockchain that processes 80 transactions per second and supports over 900,000 wallets.
- SFT Network, a part of the SFT Protocol, is addressing low liquidity in long-term locked assets by allowing users to mint SFT tokens through staking native tokens, which can be used in various financial activities.
- The SFT network employs the Chain of Chains concept to link hardware resource pools with Web3 service demand, creating a market for coins from various chains and supporting scaling and the addition of off-chain services.
- Atleta Blockchain offers a comprehensive solution for sports asset tracking, featuring EVM-compatible smart contracts, cross-chain communication, and secure decentralized storage, with its innovative design enabling applications to scale seamlessly.
- SFT Protocol's DePIN tools enable hardware tokens, allowing device owners to place their assets on the blockchain securely, supporting various hardware types from everyday gadgets to bespoke builds like the Raspberry Pi.
- This partnership between SFT Protocol and Atleta Network could lead to innovative platforms in sports and Web3 integration, including the creation of apps that track sports data with sensors, placing results on the blockchain as tradable digital assets for fans.
- Teams could issue NFT tickets for matches or leverage digital tokens for rewards, while data from wearables could feed on-chain applications, widening fan engagement and digital ownership.
- With the sports market potentially exploding with the integration of Web3, this revolutionary approach could propel wider sports crypto adoption, paving the way for decentralized sports autonomies on a global scale.
