Wagmi United: Join the NFT-Cryptocurrency Movement!

Wagmi United is a revolutionary company founded by Eben Smith and Preston Johnson that has caused ripples in the worlds of sports, cryptocurrency and blockchain technology. The company’s name – “WAGMI” – is an abbreviation for “We’re all gonna make it,” which reflects their ethos: The belief that society can become more equitable when people work together towards a common goal.

This shared vision has brought together influencers, business leaders, investors and designers from the world of sports and NFTs (non-fungible tokens) to form a team with one mission – to combine crypto and sports in innovative ways that would revolutionize traditional sports management models.

Their first major undertaking was the acquisition of Crawley Town Football Club (FC), a professional football team in the English Football League; making them the first Web3 firm to purchase a major professional football team.

The rise of cryptocurrencies such as Bitcoin and Ethereum over the last few years has brought about advancements not only in financial technology but also other industries such as sports. In simple terms, Web3 refers to decentralized applications that use blockchain technology to enable secure peer-to-peer interactions without intermediaries. Social phenomena like memes have been a significant part of the cryptocurrency movement and closely linked to Web3.

One aspect of this technological revolution that has swept across the sports industry is smart contracts running on blockchain networks. Smart contracts are self-executing agreements with explicit rules agreed upon by both parties. Once these contracts are set up, they facilitate transactions between individuals securely without any intermediary.

Web3 technologies provide room for innovation in areas such as ticketing where tickets could be sold using blockchain-based tickets backed up with smart contracts ensuring secure ownership transfers. Ownership can have additional benefits like participating in club decisions via decentralized governance amongst supporters themselves leading to increased fan engagement.

In recent years, numerous sports teams have been integrated into the cryptocurrency landscape, thanks to NFTs or non-fungible tokens. The usage of NFTs is becoming more noticeable in sports with athletes and clubs benefiting from the value proposition that these tokens offer fans.

Wagmi United has introduced NFTs for club supporters allowing them to engage more directly in shaping their team’s future through decentralized governance. Purchasing these tokens comes with benefits like exclusive access to events, merchandise and real-life experiences.

The commercialization of web3 technology is still a relatively new phenomenon, and its adoption will be gradual. However, early trends indicate that there is an opportunity for sports team owners and operators to adapt their business models to integrate this new technology which can create a new level of interaction and engagement with digital communities.

WAGMI United is a significant new player in the world of football, known for acquiring Crawley Town FC and innovating Web 3.0 technology within the sports industry. But what sets WAGMI apart is the team behind it – Preston Johnson and Eben Smith are the co-founders who brought their unique visions to life by blending cryptocurrency and digital community-building. Moreover, WAGMI’s commitment to transparency has positioned them as trustworthy partners to both teams and fans.

As well-known figures in the crypto investment community, Johnson and Smith share a passion for bridging traditional systems with blockchain-based solutions. With Gary Vaynerchuk, GMoney, Erik Snowfro, and other backers on board, WAGMI draws from a wealth of industry expertise. Together they have helped establish WAGMI United as a top tier Web3 brand in sports.

Now let’s explore how cryptocurrency pioneers have influenced sports beyond developing some of its most innovative ventures.

Cryptocurrency gained popularity in part due to its decentralized nature, meaning everyone can access information, validate transactions, or engage in financial planning outside traditional institutions’ restrictions. One key area that has witnessed tremendous growth since then is the sports industry.

The integration of cryptocurrencies introduces a new set of possibilities and opportunities for fans, teams, athletes, and even owners to monetize their brands further. Athletes like Lionel Messi have made headlines by promoting blockchain companies like Sorare by participating in non-fungible token (NFT) collections based upon football players’ valuations.

Teams like Paris Saint-Germain have implemented Socios tokenized voting platform enables supporters to participate in club decision making processes by using fan-inclusive voting schemes.

Building on this momentum is Wagmi united; using genuine ownership token structures that allow fans to receive dividends rewards based on their financial commitments.

Cryptocurrency adoption in the sports industry has opened new doors, offering digital innovation and inclusive fan communities that have been previously unavailable — giving teams a more lucrative financial stream. With innovative ventures like WAGMI United, Crypto and the sports industry look set to continue their successful collaboration for years to come.

WAGMI United is a revolutionary movement that aims to bring the innovative ideas and passionate communities of Web3 to the world of sports. This new paradigm shift merges the worlds of sports and cryptocurrency, creating a new ecosystem within which fans, players, and clubs interact. Their premier goal is to revolutionize the relationship between sports and finance. The goal not only includes elevating their club – Crawley Town FC – but also utilizing the power of community-driven innovation in providing financial solutions to other aspects of sports like game ticketing, sponsorship deals, broadcasting rights, etc.

Just as Bitcoin brought a decentralized financial system accessible to all corners of the earth, so too will WAGMI United revolutionize how we view sports’ financial future by bringing its innovative ethos and resources hitherto available only in cryptocurrencies.

In early 2022, WAGMI United bought Crawley Town FC on their journey to take them to the next level – the English Premier League. The club is home to some incredible individuals such as Eben Smith, Preston Johnson, Gary Vaynerchuk, GFunk Snowfro, Hunter Orrell, Gmoney, Jacob Martin, Kevin Semanick, Pragmatiko Ethernaut, Jpegviceroy, Bitfuturez, BlockFuturez among others. These individuals have been central in setting up a unique mentorship program aimed at developing young football talent invariably increasing the team’s skill level.

While this vision might seem daunting for a low-cost initial investment club playing at the fourth tier in English football at first glance. WAGMI United’s methodology has always been about synergizing with grassroots movements while leveraging technologies like blockchain smart contracts and community-driven fundraising. Backed by companies like Soccer Holdings and Courtside Ventures puts Wagmi United in an advantageous position to provide the club with the necessary resources to climb up the league rankings.

WAGMI United has made significant investments in Crawley Town FC’s facilities. They’ve upgraded training programs, invested in new technologies and sports science programs, extended Marketing efforts, and improved infrastructure. Besides, they’ve created a crowdfunding platform called “Raise the bar” aimed at supporting current and future initiatives towards elevating Crawley Town FC to the Premier League.

However, (as with many ambitious ventures), WAGMI United’s journey has not been without controversy.

Wagmi United’s visionary move to acquire Crawley Town FC was not without its controversies. The group’s background in cryptocurrency and blockchain drew skepticism from some fans, worrying over potential financial troubles that similar schemes have caused in the past. There were also concerns about the lack of screening processes by the Football Association regarding crypto involvement. Despite these controversies, however, Wagmi United persists in their commitment to elevate Crawley Town and promote its journey towards the Premier League.

Wagmi United faces challenges going forward in terms of building sustainable and effective business models for their venture. They will need to navigate potential criticisms and backlash in an industry where traditions and norms run deep. However, with individuals experienced in American sports as part of their leadership team, it is hopeful that Wagmi United can bring a level of professionalism and expertise to the venture.

The use of cryptocurrencies and blockchain technology is finding its way into more and more industries, including sports. And while crypto-backing has certain advantages – such as increased liquidity, transparency, security and community engagement – it also has its potential pitfalls.

One criticism leveled against crypto-backing for sports clubs is that it could lead to short-term thinking aimed at securing profits rather than long-term sustainability. The fact that club ownership can be traded like stocks hasn’t always ended well historically for traditional sports clubs. Moreover, Notably, Crawley Town was purchased using pounds instead of cryptocurrency; however, the post-purchase plans involve the utilization of crypto products like NFTs for profitable revenue generation.

There are also concerns regarding legal complications surrounding digital assets as they are still largely unregulated and volatile. While teams can benefit from tax deductions through investing in cryptocurrencies issued by companies under charitable or non-profit causes, there remains speculation over how once-promising teams could suffer financially from such ventures in the future.

Take the case of FC Isle of Man, a promising semi-professional English football club that “folded” after its owners decided to fund it largely through cryptocurrency, which later crashed.

However, proponents argue that crypto-backed sports ventures can lead to innovative and profitable outcomes for clubs. Blockchain technology offers opportunities for creating fluid fan experience by allowing fans to hold assets ranging from NFTs to ownership tokens. It opens up new funding avenues and introduces greater market freedom into clubs’ financial activity.

Comparably, these ventures can be likened to an untested herb in medicine – Although it has several potential health benefits, it could also incur adverse reactions if not used with appropriate knowledge and care.