• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer
Saturday, December 20, 2025
CryptoBangs.com
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
CryptoBangs.com
No Result
View All Result

New Socios Features Evolve Fan Tokens into Sports Rewards

November 24, 2023
in NFT News
Reading Time: 4 mins read
A A
New Socios Features Evolve Fan Tokens into Sports Rewards
ShareShareShareShareShare

Related articles

RavenQuest: A Player-Driven Web3 MMORPG

RavenQuest: A Player-Driven Web3 MMORPG

December 10, 2024
The Future of Tap-to-Earn Gaming: Overcoming Declining User Retention

The Future of Tap-to-Earn Gaming: Overcoming Declining User Retention

December 10, 2024

Socios.com, an influential blockchain-powered fan engagement platform, recently rolled out a trifecta of new features to enhance innovative fan experiences in the sports landscape.

Each new feature boosts the utility of ‘Fan Tokens’ — a digital token (NFT) that can “transform passion into extraordinary rewards” — to enhance connections between fans and their favorite sports teams. 

Fan Favourite: Vote for the ‘Player of the Match’

First up, ‘Fan Favourite’ amplifies fan participation during match days, building upon existing ‘Predicator’ and ‘Check-in’ features. Through this new feature, fans are empowered to vote for their favorite player of the game 15 minutes before the match ends. Once the match comes to a close, the results are revealed, with winners winning exclusive experiences as rewards. 

Notably, Fan Favourite is quickly garnering popularity due to giving fans the unique opportunity to honor player achievements and earn prizes. Already, more than 260,000 votes have been cast, with 57 football teams participating as a consequence. 

Locker Room: Unlocking Digital Assets 

Next up, the ‘Locker Room’ feature is one to watch out for, allowing fans to redeem one-of-a-kind digital items by “locking” their Fan Tokens. 

Two types of ‘Lockers’ are available: ‘The Locked Locker’ and ‘The Flexible Locker’. The former enables sports fans to redeem their rewards immediately — although Fan Tokens remain locked until the campaign concludes. The latter also gives fans the unique opportunity to unlock Fan Tokens and obtain rewards. However, there’s a catch: if opening too early, the reward may disappear. 

The main aim of Locker Room is to bolster the utility of Fan Tokens, providing fans with numerous rewards like virtual and tangible goods, including real-world VIP experiences and signed merchandise, provided they remain strategic and cautious.

Over 3,000 users have engaged with this feature since launching, locking approximately 30,000 Fan Tokens and collecting over 25,000 virtual collectibles.

Auction: Earn Exclusive Merchandise

Last but not least is the ‘Auction’ feature, spurred from the company’s ‘Get The Ball, Own The Moment’ collaboration with the professional football league competition Serie A. Through this feature, football fans can leverage Socios’ in-app currency $CHZ, to place bets on matches, potentially winning footballs and game-worn autographed jerseys depending on their results. 

In the near future, the Socios hopes to extend the Auction feature to all football partners and further widen the boundaries of the Fan Favourite feature to include sports like rugby and racing.

Despite already having more than 2 million users across 160 nations, these new Socios features present the platform’s strong dedication to enhancing sports fandom through issuing significant rewards to users across the globe. 

Be more than a fan >> Here

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

leah nft plazas

Digital art fanatic who brings a unique perspective to NFT news.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Bitcoin Breaks $37,000 Barrier & Bitcoin ETF Token Presale Gains Momentum Amid BTC Spot ETF Anticipation

Next Post

Cardano Founder Hoskinson Reacts: CZ’s Exit Marks the End of an Era in Crypto

Related Posts

RavenQuest: A Player-Driven Web3 MMORPG

RavenQuest: A Player-Driven Web3 MMORPG

December 10, 2024

RavenQuest is a free-to-play top-down MMORPG. It gives players a chance to shape a living, changing world. Unlike many games,...

The Future of Tap-to-Earn Gaming: Overcoming Declining User Retention

The Future of Tap-to-Earn Gaming: Overcoming Declining User Retention

December 10, 2024

Tap-to-earn gaming has experienced a significant decline in user engagement and retention, even as blockchain gaming continues to grow. Notable...

Nissan Web3 Passport: A Look Into the Future of Car Ownership

Nissan Web3 Passport: A Look Into the Future of Car Ownership

December 9, 2024

Nissan Motor is driving into the digital future with the beta launch of the Nissan Web3 Passport, a blockchain-powered platform...

NFTs on the Rise: Key Drivers Behind the Market’s Resurgence

NFTs on the Rise: Key Drivers Behind the Market’s Resurgence

December 9, 2024

The NFT market experienced significant fluctuations in the past year. Nine months ago, it peaked at $2 billion before crashing,...

Penguins Expand Their World with $PENGU Token

Penguins Expand Their World with $PENGU Token

December 6, 2024

Pudgy Penguins, one of the top NFT collections by market value, is reaching beyond its devoted fanbase with a new...

Load More
Next Post
Cardano Founder Hoskinson Reacts: CZ’s Exit Marks the End of an Era in Crypto

Cardano Founder Hoskinson Reacts: CZ's Exit Marks the End of an Era in Crypto

No Content Available
CryptoBangs.com

CryptoBangs.com is an online news portal that aims to share the latest crypto news, bitcoin, altcoin, blockchain, nft news and much more stuff like that.

What’s New Here!

  • Tucker Carlson and Roger Ver Reveal Shocking Details About US Extradition Battle and Bitcoin in Exclusive TCN Interview
  • Goldman Sachs eyeing crypto market-making for Bitcoin, Ethereum if US regulations shift
  • BC.GAME Announces UFC Welterweight Champion Colby Covington as New Brand Ambassador
  • How High Will Dogecoin Rise If the Markets ‘Go Wild’?

Newsletter

Don't miss a beat and stay up to date with our Newsletter!
Loading

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer

© 2023 - CryptoBangs.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator

© 2018 JNews by Jegtheme.

Please enter CoinGecko Free Api Key to get this plugin works.
WP Twitter Auto Publish Powered By : XYZScripts.com