- Blocsport.one to launch its athlete-focused NFT collection on Moonriver.
- Fans and investors will have the opportunity to crowdfund and support rising athletes to stardom.
Moonriver is a Kusama-based Ethereum-compatible smart-contract parachain. It is designed to act as a companion network to Moonbeam, providing a perpetually rewarded canary network. The new code will initially ship to Moonriver, where it will get tested and certified under real-world economic settings. Once proved, the identical code will get shipped to Moonbeam on Polkadot.
This is accomplished by providing a complete EVM implementation, a Web3-compliant API, and bridges connecting Moonriver to existing Ethereum networks.
This enables developers to easily migrate existing Solidity smart contracts and DApp frontends to Moonriver.
Moonriver, as a decentralized smart contract platform, requires a utility token to operate. MOVR is a critical component of Moonriver’s design and cannot be removed without jeopardizing critical functionality. Among the Moonriver token’s applications are the following:
- Assisting smart contract execution with gas metering
- Incentivizing collators and facilitating the process of establishing a decentralized node infrastructure on which the platform may operate
- Facilitating the on-chain governance system, which includes proposing referenda, elect council members, and vote.
- Expenses associated with network transactions
Moonriver’s NFT Project With Blocsport.one
Moonriver Network will play host to the upcoming Blocsport.one NFT 2.0 Sports Accelerator. The launch will allow members of the moonbeam ecosystem to invest in sports Genesis tokens of young and upcoming sports athletes. The NFT collection will include rising players sports like basketball, American football, baseball, and soccer.
The main idea behind the collection is to give fans of these promising athletes a medium to assist these athletes in raising money to sponsor their career through crowdfunding while providing the needed exposure to progress and become new sports icons. Investors and fans will have verifiable ownership of athletes’ assets as an NFT.
According to the announcement made on Twitter, the platform will also support other DeFi services, including Power Index for trading, Vaults for storage, and Supercharge NFT wrapping for additional bonuses.
Blocsport.one is a Swiss sports technology firm founded in 2019 that is changing the sports industry by establishing a transparent and dependable sports ecosystem powered by blockchain that connects athletes, teams, and spectators.
🔥 More exciting news for the Moonbeam ecosystem: @blocsport1 will launch sport-focused NFTs on Moonriver!$MOVR token holders will be able to use their tokens to invest in sports Genesis tokens & connect this investment to various DeFi services!
Learn more 👇 https://t.co/KA3cFqYu1o
— Moonriver Network (@MoonriverNW) October 29, 2021
Moonriver’s Price and Future Outlook
It’s worth noting that Moonriver (MOVR) is currently not listed on Binance, the world’s largest cryptocurrency exchange. However, the MOVR token’s growing popularity has elevated it to a strong candidate for listing on the popular exchange. If this occurs, MOVR holders may anticipate a price skyrocket.