By
Steve Muchoki
May 11th, 2021
AllStars Digital is making it easy for Web3.0 users and those in the financial ecosystem to experience a whole new market that is based on the sports they love.
AllStars Digital, a new protocol that has carved out a niche for itself with the tokenization of the trade of a wide range of sports-based alternative assets has partnered with Aurora Chain to expand its already innovative offering. As contained in a press release shared with Coinspeaker, the partnership is multifunctional and will see AllStars Digital debut a broad-based list of digital asset offerings.
As a mutually beneficial partnership, the Aurora Chain protocol will also benefit by expanding its footprint into the world of crypto sports staking.
“We’re excited to partner with Aurora Labs and look forward to how this new partnership will help us reimagine what’s possible in the sports-based digital asset space,” Marc Aspinall, the COO of AllStars Digital, “Traditional sports betting focuses on binary outcomes where participants win or lose depending on specific declarations – a major disconnect for sophisticated sports fans and digital communities that prefer taking a holistic position on assets with relatable value. We will provide the exchange for trading on sports performance; real-time tradable products that are based on definitive sports data. We’re starting with the world’s biggest football and cricket stars and have plans to add basketball and e-sports in the roadmap. After that, we’ll let the community decide…”
The AllStars Digital platform tokenizes player performances such as goals scored, assists made, or even the total saves made by the goalkeeper. These metrics are used to determine the price of the token associated with the players and this is further adjusted based on the overall performance of the team.
There is a wide complexity in terms of the Artificial Intelligence (AI) and technology involved to condition this algorithm to adjust in real-time, however, AllStars Digital has simplified this to culminate in a unique trading experience for all involved.
AllStars Digital and the Quest for Exceptionality
AllStars Digital is making it easy for Web3.0 users and those in the financial ecosystem to experience a whole new market that is based on the sports they love. The quest for exceptionality is now tagged as a mainstay of the protocol which is pioneering the sports performance tokenization system.
“AllStars Digital is a great example of an innovative and high-impact project that will create waves across the whole industry,” said Alex Shevchenko, CEO of Aurora Labs, “We’re delighted to partner with the ASD team and look forward to integrating our suite of products and offerings so sports fans, players, celebrities, and other stakeholders and participants around the world can enjoy new experiences of the blockchained sports world. We are also excited to enable this growth opportunity for the web3 community.”
Aurora Chain has a major role to play in the new venture to support the next-generation decentralized application interface. The Partnership between AllStars Digital and Aurora Chain is also facilitated by GDA Capital, a consulting firm helping to bridge the gap between blockchain tech and traditional finance.
