Blockchain Technology can Help Clubs Like Schalke 04 During the Coronavirus Crisis

There are many different ways in which blockchain technology can make a meaningful impact during the coronavirus crisis. Particularly soccer clubs show an interest in this technology lately.

With most sports events canceled for the foreseeable future, it becomes very difficult to generate some sort of revenue.

Schalke 04 Has Hopes for the Blockchain

Soccer clubs, often considered to be the “richest” sports franchises, feel the pressure as well.

German soccer club Schalke 04 is trying to generate some revenue by whichever means at their disposal.

As no games can be played, there are no earnings from fans visiting the stadium or TV contracts.

At the same time, some costs will remain in place, including wages, maintenance, and so forth.

Related Post

Schalke 04 hopes to receive some sort of financial relief by May 2nd, albeit it remains to be seen how things will evolve.

If the final TV contract payment is not made by then, the club will need to explore other options during the coronavirus crisis.

One of those options includes Sorare.

it is a blockchain fantasy game running on Ethereum.

Through this fantasy game, the participating clubs may be able to increase their income for the foreseeable future.

Other clubs exploring this option include Valencia FC and Atletico Madrid, along with 20 other sport clubs around the world.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Published by
JP Buntinx

Recent Posts

5 Underrated Metaverse Coins With Great Long Term Potential

Metaverse coins are all the hype these days, with coins like Decentraland and Axie Infinity…

3 hours ago

Ankr Price Up 11% Amid Binance Listing and Polkadot Parachain Integration

Ankr price is up over 11% today, making it one of the biggest gainers on…

7 hours ago

Keep Network Price Up 45% Amid Upcoming Threshold Merger

Keep Network price is up over 45% today, making it the biggest gainer on…

21 hours ago

Nugenesis Patented Gasless NFT Platform Will Bring Mainstream Adoption

NuGenesis has 4 patents pending for its gasless NFT multi-cross chain system. It sees NFTs…

1 day ago

Top 5 Metaverse Coins With Fully Functional Apps to Watch In 2022

The hottest trends in crypto right now are meme coins and metaverse projects. With Facebook's…

1 day ago

How to Identify and Report Cryptocurrency Scams

With crypto going mainstream, there are a lot of scams popping out. While buying certain…

1 day ago

This website uses cookies.