• Latest
  • Trending
Polygon and SPORTFIVE team up to provide blockchain technology to sports industry

Polygon and SPORTFIVE team up to provide blockchain technology to sports industry

November 2, 2022
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Polygon and SPORTFIVE team up to provide blockchain technology to sports industry

Staff Writer by Staff Writer
November 2, 2022
144 6
0
Polygon and SPORTFIVE team up to provide blockchain technology to sports industry
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

SPORTFIVE, a large sports and entertainment company, partnered with Polygon after realizing that blockchain technology could change the way sports are played.

The two businesses have agreed to work together in order to facilitate end-to-end growth strategies for sports rights-holders and brands across a variety of Web3 initiatives. These efforts include the Metaverse, NFTs, DeFi, and DAOs. This includes making an effort to educate, design, build, operate, and market all-encompassing and engaging Web3 experiences. The goal of these efforts is to make it easier for brands and premium rights-holders in the sports and entertainment ecosystems to take advantage of the benefits offered by blockchain technology.

 “The Polygon network is one of the most successful technologies that is driving innovation and adoption in the Ethereum universe,” stated Robert Müller von Vultejus, Chief Growth Officer at SPORTFIVE, while speaking about the cooperation. “This is exactly the kind of vision we were looking for in a partner who could bring us the expertise we were seeking in terms of Web3,” said one of the members of the team.

Sportfive manages the strategy, product, and community development for Web3 projects. It can also use Polygon’s global network and partnerships, as well as the company’s expertise in technology and infrastructure, as well as innovative ideas from the ecosystem.

RelatedPosts

Edtech startup The Invigilator raises $11 million to scale its AI platform

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

OpenAI challenges LinkedIn with new AI-powered hiring platform

Read also: InGame Sports receives $1 million in pre-seed funding

SPORTFIVE partnership will connect Polygon to major sports brands

Polygon’s Enterprise Lead, Antoni Martin, had this to say about SPORTFIVE’s presence in the Web3 space: “SPORTFIVE’s presence in the Web3 space gives Polygon strategic connections to major sports brands and intellectual property, enabling boundless opportunities for unique and powerful collaborations.” With the help of our blockchain technologies, we are excited to accelerate the move of sports brands and rights holders into the Web3 space, and we look forward to continuing to work closely with SportsFIVE in the future. 

Over 53,000 decentralized applications (dApps) are already hosted on Polygon, and among them are some of the most well-known names in the Web3 ecosystem, such as Aave, OpenSea, The Sandbox, and Uniswap V3. Polygon’s already carbon-neutral network has become even more sustainable as a result of Ethereum’s recent transition to Proof of Stake, which has resulted in early adopters in the Web3 ecosystem including companies such as Adobe, eBay, Nothing, Reddit, Robinhood, Stripe, and Telefonica. Polygon is a blockchain-based distributed ledger that is powered by the Ethereum blockchain.

“We are very pleased to partner with Polygon to further support the commercial development of our Web3 projects,” said Stefan Felsing, Chief Executive Officer of SPORTFIVE. “This is a great opportunity for both of our companies.” “By working with Polygon, we’ll find new ways to solve the problem at hand and make sure the company keeps going in the right direction.”

Technologies That Power Football

About Polygon

Polygon is an advocate of Web3 for everyone. Polygon is a decentralized Ethereum scaling platform that makes it possible for developers to create scalable, user-friendly decentralized applications (dApps) with cheap transaction fees and no compromises made to the network’s inherent level of security.

Staff Writer

Staff Writer

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.