American cryptocurrency football league attracts NFL star players

A cryptocurrency-grounded American football league has snapped up players from the Oakland Raiders and San Francisco 49ers

Comfortably one of the most ambitious unions of cryptocurrency and sport to date is what’s known as the Fan-Controlled Football League (FCFL). This is a project that first shot to public attention around this time last year, when the FCFL launched a crowdfunding campaign to raise just over $5m to make the project happen.

But that crowdfunding ICO campaign was cancelled over the summer, with question marks being posited by regulators. As such, the FCFL announced that it was holding off launching its full ICO until it’d satisfied regulatory bodies.

To date, that still doesn’t seem to have happened. But some added profile has been unlocked by the hiring of American football NFL stars Marshawn Lynch and Richard Sherman, who currently play for the Oakland Raiders and San Francisco 49ers respectively. The pair will be fan captains in the FCFL, which is a new sports league that puts a lot of power in the hands of fans. Those fans, who invest in the project, will be able to choose what players to draft, what coaches to hire, and call plays in matches. Quite how all of this will work in practice remains to be seen, but it’s apparently going to be a proper league with proper games.

Furthermore, we won’t have long to find out. Fan involvement, as per FCFL’s press announcement, will kick off early next year. We’d assume that the announcement of more high profile captains can’t be far away. For now, Lynch and Sherman are fine places to start.

Here’s the official announcement.

Image: BigStock