Although sport represents an important part of life for a great number of young athletes worldwide, the actual odds of achieving a career in professional sports are low, especially due to the high costs which are associated with competing at a semi-pro level, before achieving the financial security of professional sports.
Recent research has shown that out of 8 million students currently participating in high school sports within the U.S., only 480,000 will end up competing at NCAA schools. Unfortunately, from this group, only a fraction will end up becoming professional athletes. For instance, out of NCAA athletes, 9.1% of baseball, 1.1% of men’s basketball, 0.9% of women’s basketball, 1.5% of football, 5.6% of Ice Hockey and 1.4% of male soccer players make it to major pro leagues, according to NCAA.
To help fix this issue, SportyFi has launched an entire industry of sports crowd micro-financing, therefore providing sports organizations, clubs and athletes with micro-funding, needed to become a professional athlete. The ecosystem achieves this through the introduction of smart contracts, DAO votes and blockchain technology in the sports market.
In addition to helping young athletes achieve their dreams, SportyFi also helps small investors unable to participate in the sports market system, entirely reserved for the big players. Through various platforms such as the SportyFi smart manager platform, donations module, investment module, professional funds, and more, SportyFi will reshape the sports industry, and therefore maximize the potential while also reducing the financial challenges for athletes and small-scale investors interested in the market.
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