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$0.001120
Latest Price
2022
Year founded
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Total daily revenue
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Total revenue in last 30 days
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TVL
FX1 is a fan engagement platform that redefines the way we consume, interact, and pay for streamed live sports using AI and Blockchain technology. Before talking more about the product, let's talk about the market and the problems. Around 90 million Americans tune in to watch sports online, monthly. This is a big and growing number, and yet the $272 billion dollar sports spectator sector market is losing the next generation of fans to other forms of entertainment. In fact, 78% of them say they are bored by the current format of live-streamed sports. In addition to losing interest, they are frustrated with the growing subscription costs, not to mention blackouts and geo-fencing that prevents them from watching their team play, which in turn is fueling a 28.3 billion dollar illegal sports streaming market. We will solve these problems by developing a solution that sits at the intersection of sports, AI, and Blockchain technology. We use LSTM models to extract, in real-time, thousands of granular data insights from the live sports stream, allowing us to re-create the ultimate live sports game experience for the fan, while also giving them the power to customize and own their live sports experience. Digital collectibles and payments is where our smart contracts come into play, allowing a user to own their sports collectibles, as well as pay and earn in the $FX1 token. Take a look at our proof-of-concept video: https://twitter.com/FX1Sports/status/1676621968190185476 We will be starting in the sport of MMA, using our state-of-art computer vision models to detect, predict, and analyze every punch, kick, takedown, and movement on the floor. This allows us to visually recreate the fight (in real-time) as well as provide real-time stats, trend analysis, and lay-by-play predictions. We have proven our ability to not just track say a punch, but know the speed, velocity, and intensity of each punch being able to give a specific value to how "significant" a punch was. Once we prove our MMA we will be venturing into all the major sports in the US, Europe, Asia, and Oceania. We have a website live and apps in the stores for iOS and Android and are releasing new features weekly. We have an all-star team with proven experience scaling large projects, and we have multiple lines of revenue planned as we partner with leagues initially in the sport of MMA. We're using AI and Blockchain technology for the sake of just using that technology, we using it in order to solve real-world problems and bring the technology forward into the mainstream. We're dealing in an extremely large 60 billion-dollar sports streaming market, one in which the format of how it's delivered has not changed in decades. The category is ripe for disruption and it's only a matter of time before sometime does something about it. FX1 is the solution the world has been waiting for. We have momentum and nothing will stop us from achieving our vision.
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