But behind almost any sport lies a web of technology. Whether it’s betting websites, media channels or the huge array of digital fan sites, there’s money to be made as a technology provider working in the sports industry.
That’s part of the reason Amir Raveh, a serial entrepreneur based in Tel Aviv, founded HYPE Sports Innovation. Composed of more than 40,000 members, HYPE acts as a hub for investors, technology providers, and start-ups operating in the sports industry.
And in March, Raveh’s company launched what is thought to have been the first startup accelerator for companies focused on developing blockchain-based sports technology.
Two months after that program was announced, we caught up with Raveh to learn a little bit more about HYPE, sports technology and how blockchain could be a game-changer for sports teams.
Can you talk a little bit about what HYPE is? How did it come about, and what do you do?
HYPE was established almost five years ago as an organization that promotes innovation and supports entrepreneurs from various sectors. After a short period of time, we realized that HYPE should focus on a topic which is both a great passion of ours as well as a huge business opportunity - Sports Innovation.
Since then, we have been working relentlessly to establish the world's largest ecosystem for Sports innovation with more than 40K members including Clubs, Brands, Investors, and of course - 10k Startups. In order to leverage our ecosystem to actually promote sports innovation, we have established 12 Accelerators worldwide and lead dozens of Global competitions and events as well as providing innovation services to leading brands.
Why did HYPE decide to launch a blockchain-specific accelerator?
Blockchain, together with AI, is becoming a general purpose technology. It is the core enabler for Web 3.0, the infrastructure of the next generation of online connectedness. As such, blockchain is driving major disruption that creates huge opportunities around sports—a field that is undergoing an innovation “perfect storm.”
What do you see as the strongest possible uses of blockchain and sports-related businesses? It seems like a strange mix!
Blockchain technology is proving to be a critical innovation platform in sports. Its applications range from revolutionizing the secondary ticketing market to rewarding fans for their social media activity, to crowdfunding aspiring athletes.
Due to its security and anti-fraud features, it can be easily adopted by any value chain that relies on intermediaries and therefore improves the sense of trust and operational efficiency of all parties involved.
Thirty companies have been invited to your 'blockchain bootcamp.' Can you talk about what that bootcamp will look like?
The two-day bootcamp, which will take place at the NYU School of Professional Studies on June 10 and 11, will include blockchain for sports startups that are selected through an application process.
It will feature sports technology and blockchain experts who will share their insights and will coach and mentor the startup teams selected to participate. The four to six startups that successfully emerge from the bootcamp will be invited to participate in a 14-week blockchain accelerator program.
What is the makeup of the companies like - what sports are they hoping to work in and what are their products like?
The makeup of the startups that have applied so far cover sectors such as e-Sports, fan engagement, betting, smart stadiums, sponsorships, ticket, and VR. Most of the startups offer solutions for a variety of types of sports and sports clubs.
Do you envision there being a level of fluidity between sports companies using blockchain-based tokens and the broader cryptocurrency markets or do you think, for example, you will only be able to use a 'Juventus Coin' with Juventus?
On the flipside, there may be reasons for sports clubs to keep their tokens in a private environment ensuring fans can redeem them only for goods produced by the club.
Overall I think the first scenario is more likely as it also gives room for an increase in the value of a club’s token and thereby increasing profitability of this business model.
How much interest is there amongst fans for tokens or some form of blockchain tech?
I believe that because of the benefits of using a digital token that can increase in value and increase participation, the level of interest will only increase in the next 5-10 years. This coincides with an overall increase in positive perception of blockchain in various markets.
What do you think tokens could do for clubs business models?
To me, tokens and the related activities, such as validation and authentication, would form a solid business model for many clubs. Monetization could be achieved by increasing the value of tokens by trading them in various exchanges and acting as a node or set of nodes in one or more blockchains. There is also plenty of room to leverage blockchain solutions to drastically improve operational efficiency and thus, make each business unit more profitable.
Do you think tokens could shift the supporter-club dynamic?
Absolutely. There are already solutions out there that provide the ability for individuals to sponsor or funds clubs, individual athletes, and even trainers. The skies are the limit. This, in turn, will change the way aspiring athletes plan their athletic career and will present many opportunities that have never been available before. For the pro athletes, this will unlock new ways of engaging with their future clubs and fans. It will revolutionize the industry no less.
But behind almost any sport lies a web of technology. Whether it’s betting websites, media channels or the huge array of digital fan sites, there’s money to be made as a technology provider working in the sports industry.
That’s part of the reason Amir Raveh, a serial entrepreneur based in Tel Aviv, founded HYPE Sports Innovation. Composed of more than 40,000 members, HYPE acts as a hub for investors, technology providers, and start-ups operating in the sports industry.
And in March, Raveh’s company launched what is thought to have been the first startup accelerator for companies focused on developing blockchain-based sports technology.
Two months after that program was announced, we caught up with Raveh to learn a little bit more about HYPE, sports technology and how blockchain could be a game-changer for sports teams.
Can you talk a little bit about what HYPE is? How did it come about, and what do you do?
HYPE was established almost five years ago as an organization that promotes innovation and supports entrepreneurs from various sectors. After a short period of time, we realized that HYPE should focus on a topic which is both a great passion of ours as well as a huge business opportunity - Sports Innovation.
Since then, we have been working relentlessly to establish the world's largest ecosystem for Sports innovation with more than 40K members including Clubs, Brands, Investors, and of course - 10k Startups. In order to leverage our ecosystem to actually promote sports innovation, we have established 12 Accelerators worldwide and lead dozens of Global competitions and events as well as providing innovation services to leading brands.
Why did HYPE decide to launch a blockchain-specific accelerator?
Blockchain, together with AI, is becoming a general purpose technology. It is the core enabler for Web 3.0, the infrastructure of the next generation of online connectedness. As such, blockchain is driving major disruption that creates huge opportunities around sports—a field that is undergoing an innovation “perfect storm.”
What do you see as the strongest possible uses of blockchain and sports-related businesses? It seems like a strange mix!
Blockchain technology is proving to be a critical innovation platform in sports. Its applications range from revolutionizing the secondary ticketing market to rewarding fans for their social media activity, to crowdfunding aspiring athletes.
Due to its security and anti-fraud features, it can be easily adopted by any value chain that relies on intermediaries and therefore improves the sense of trust and operational efficiency of all parties involved.
Thirty companies have been invited to your 'blockchain bootcamp.' Can you talk about what that bootcamp will look like?
The two-day bootcamp, which will take place at the NYU School of Professional Studies on June 10 and 11, will include blockchain for sports startups that are selected through an application process.
It will feature sports technology and blockchain experts who will share their insights and will coach and mentor the startup teams selected to participate. The four to six startups that successfully emerge from the bootcamp will be invited to participate in a 14-week blockchain accelerator program.
What is the makeup of the companies like - what sports are they hoping to work in and what are their products like?
The makeup of the startups that have applied so far cover sectors such as e-Sports, fan engagement, betting, smart stadiums, sponsorships, ticket, and VR. Most of the startups offer solutions for a variety of types of sports and sports clubs.
Do you envision there being a level of fluidity between sports companies using blockchain-based tokens and the broader cryptocurrency markets or do you think, for example, you will only be able to use a 'Juventus Coin' with Juventus?
On the flipside, there may be reasons for sports clubs to keep their tokens in a private environment ensuring fans can redeem them only for goods produced by the club.
Overall I think the first scenario is more likely as it also gives room for an increase in the value of a club’s token and thereby increasing profitability of this business model.
How much interest is there amongst fans for tokens or some form of blockchain tech?
I believe that because of the benefits of using a digital token that can increase in value and increase participation, the level of interest will only increase in the next 5-10 years. This coincides with an overall increase in positive perception of blockchain in various markets.
What do you think tokens could do for clubs business models?
To me, tokens and the related activities, such as validation and authentication, would form a solid business model for many clubs. Monetization could be achieved by increasing the value of tokens by trading them in various exchanges and acting as a node or set of nodes in one or more blockchains. There is also plenty of room to leverage blockchain solutions to drastically improve operational efficiency and thus, make each business unit more profitable.
Do you think tokens could shift the supporter-club dynamic?
Absolutely. There are already solutions out there that provide the ability for individuals to sponsor or funds clubs, individual athletes, and even trainers. The skies are the limit. This, in turn, will change the way aspiring athletes plan their athletic career and will present many opportunities that have never been available before. For the pro athletes, this will unlock new ways of engaging with their future clubs and fans. It will revolutionize the industry no less.
Strike's Expansion into Europe Accelerates Bitcoin Adoption
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Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
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Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔