Introducing Cricket Foundation
By: Cricket Foundation
Tags: Nft, Cricket, Marketplaces, Crypto, Blockchain

Cricket is one of the biggest sports in the world, with over 104 countries actively participating in it. The sport has one of the largest fan following and is played and enjoyed all over the world. It is one of the largest industries in the world and is played internationally as well as nationally. One of the popular formats of the game 20–20 was adopted by Indians with a unique twist to create the Indian Premier League.

Indian Premier League made $1 Billion in sponsorship money alone back in 2017. The number has multiplied since then tremendously, making cricket one of the biggest financial industries in the world. However, the presence of the sport is largely limited to physical aspects, and it’s about time that it is integrated with blockchain technology.

Cricket Foundation has taken it upon itself to achieve this purpose and has launched a multi-purpose blockchain-powered platform for cricket lovers and investors.

What is Cricket Foundation?

Cricket Foundation is a blockchain-based platform with a vision to incorporate different aspects of the sport and power it using cryptocurrencies. It is a fully decentralized platform that operates using its 1000s investors and partners. Currently, the company enlists over 35 cricketers, 11 ecosystem partners, and represents nine countries.

These partners act as a vital part of the development and growth of the platform and will help Cricket Foundation to offer more services besides:

Digital Collectibles

Merchandising

Licensing

Rights Management

Ticketing

Fan Tokens and Engagement

eSports

Gaming and gamification

Auctions

Endorsements

Most importantly, Cricket Foundation is the world’s first Digital Collectible Marketplace exclusively for cricket that offers various memorabilia dedicated to special moments in cricket’s history.

CRICKET Token

CRICKET is the core of the Cricket Foundation network and acts as a medium of exchange and a tool to incentivize participation in the platform. The major use cases for CRICKET tokens are:

CRICKET token will be used to align the incentives with all of the participants in the ecosystem.

It is the primary medium used for interacting with different services.

All the NFT collectibles can be purchased using the CRICKET token.

The success of any crypto token relies on its growth model. Cricket Foundation has developed an efficient roadmap that will help the token achieve increased utility in the future.

A token’s value will only increase if it observes continuous participation from the members of the ecosystem. Cricket Foundation incentivizes user participation to ensure continuous involvement from the community.

The demand for the token must increase for its supply to increase. The NFT marketplace will ensure that there is a constant demand for the CRICKET token.

While Cricket Foundation is inherently inflationary as it relies on proof of stake, there are few ways to remove coins from circulation and instill pseudo deflation.

Buy Back Program

Platform Revenue Contributions

The best use case for any token is the native use of the token, and Cricket Foundation ensures it by making CRICKET the primary means of exchange.

All the future applications built on Cricket Foundation will continue using CRICKET as the primary mode of transaction.

The best way to ensure active participation from the core and ancillary players is by conducting promotions, campaigns, etc., and giving appropriate rewards for their participation.

Digital Collectible Marketplace

Cricket Foundation primarily is a digital collectible marketplace that offers memorabilia from significant moments in cricket’s history. These events can be anything from Dhoni’s Helicopter Shot or Yuvraj Singh’s Six Sixes. These moments are etched into the fan’s minds and hearts and are invaluable.

By assigning an NFT to these moments, Cricket Foundation allows fans to own a piece of the event. Cricket Foundation offers Digital Collectibles, Merchandising, Fan Tokens, etc., to represent these invaluable events.

However, the utility of Cricket Foundation is not limited as they offer much more services. As cricket’s potential is limitless, the platform will also remain non-exhaustive and add more services to its ecosystem in the future.