André Figer, vice president of i of the largest sporting career management companies in Brazil, has his eyes firmly set on tokenizing soccer players.

The well-known entrepreneur told Cointelegraph Brazil that blockchain applied science and athlete tokenization has the potential to transform the management of sport worldwide.

The Figer Grouping has been involved in many significant moves in the soccer world, including the motion past midfielder Giovanni to Barcelona, the purchase of Robinho by Real Madrid as well as the midfielder Júnior Urso for Guangzhou R&F of China.

Tokenization can back up younger players

Figer said he is supporting the launch of a platform named Olecoin that volition be focused on encouraging new football players who often abandon their careers due to a lack of financial support.

Citing figures from FIFA, he pointed out that more than than 265 meg people play football in the world and that Brazil accounts for the largest number of soccer stars in the world. However, he said that while millions of dollars are spent on international actor transactions, at that place are countless talents that get lost "forth the style":

"I believe that [blockchain] is a solution to some pains in the market. Nosotros see more and more frequently, parents of players offer their children almost every bit if at an auction between agents. We demand to empathise that the desperation on the part of the father and the family in general, in being able to help the son to continue his career, causes this to happen."

Benefits for investors and players

That'south where Olecoin can assist. According to the projection'south developers, the idea is to create an ecosystem in which micro-investors can, through the acquisition of the player's token, participate in their future receivables, with modest participation for a specific menses in their future salaries and marketing contracts. Figer said:

"Initiatives like this project that I am office of can give more than chances to these players, because some are really practiced just due to atmospheric condition, just do not have the opportunity. If in that location is a state of affairs where you lot have a fiscal incentive so that this player has the possibility to do grooming, to have his sporting materials, to have acceptable food, transportation to the grooming identify, etc. Then, through this platform we were able to generate opportunities for the thespian. "

The project was a finalist in the Smart Dubai Global Blockchain Challenge 2022. The player platform is expected to launch in the 2d half of 2022, with a beta version that has 10 players tokenized.