Blockchains Enabling New Economies: A FCFL Case Study

If you draw an analogy between the early internet and world wide web of the early 90s with where blockchains are today, you can see many similarities. When the web was young and early in the 90s, everyone was just looking to do things they knew from other domains, and put it on the web. This is how you ended up with a lot of terrible ideas, which ultimately led to the dot com crash. We are seeing a very similar pattern today with ICOs. You take an existing idea or concept, and try to make it ‘on the blockchain’, similar to ‘adding dot com to your name’ before the dot com crash. No wonder then that there are terrible ideas being produced in the ICO markets today.

But don’t despair! The dot com crash didn’t mean the end of the web. Rather, it meant a refinement of the startups, their ideas, and a focus on what’s important and what matters. No longer were people looking to be lazy and just ‘do it on a website’. Instead, once you start treating the web as an organic whole, a complex system, which has characteristics different from what came before, you were able to create multi-billion dollar companies that have changed life on the planet.

Similarly, today many projects take the ideas of the old economy and try to do that on the blockchain. This doesn’t usually work, but will work in some cases.

However, the biggest advantage of the blockchain is that it is a new paradigm in and of itself. This is a powerful idea, and powerful ideas will be built on it in the future. You need to look at applications that make sense in a blockchain world, not the ones that are borrowed from the old economy. Blockchains and crypto-tokens enable a brave new economic world, and people need to get used to thinking in those terms.

That brings us to today’s project that we want to discuss with you – FCFL, or Fan Controlled Football League. We like bold ideas, even if they fail, because these ideas push the envelope of what’s possible. FCFL is definitely a bold idea, because it is trying to create a new sort of sporting experience that is hard to impossible without the blockchain backbone.

So what is FCFL building that gets us so excited? It is a new sporting paradigm where the fans are in control. Forget the days of sitting on your couch, with a beer in hand, yelling at the television screen because your team didn’t do what you wanted it to do. Instead, if you think you’re so good, why don’t you tell your team what to do? Seriously, what’s what FCFL allows you to do – direct your team’s plays. Everything is fan controlled, including the plays during the game. That’s pretty revolutionary for professional sports, and a new paradigm. Fans do everything from drafting to deciding plays during the game!

All of this is enabled with the help of the native FAN token. The voting power that you get is proportional to the number of FAN tokens you have, along with other things like how good you are. This is a nice use of the token, and it will find use among fans and sports enthusiasts in general. This gives it value to these people.

We are always looking at project pushing the frontier. With FCFL, the pro-sports category is up for grabs. Any takers?

Check out their website and whitepaper to learn more.

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