How tokenization will disrupt the $500 billion sports industry | w/ Alex Dreyfus of Socios
After I wrote about my thoughts on sports fan tokens recently (https://taschalabs.com/fan-tokens-new-ponzi-or-new-paradigm/), Alex Dreyfus, who is the CEO of Socios, the largest fan token platform in the world, reached out. He told me I'm biased and some of my views are not correct. That's nice to hear :) So I brought Alex on the Tascha Labs podcast to talk about his vision for fan tokens and how he thinks web3 will change the century-old business model of the sports industry. This is exciting stuff, guys. Enjoy! 0:00 - Intro 2:16 - What is socios? 5:16 - What made you see the vision and double down on it? 7:24 - Why is lack of fan engagement a problem to solve? 9:07 - Response of sports teams on the sales pitch 11:13 - What's your current business model and source of revenue? 12:43 - Portion of revenue in terms of sales vs transaction fees 16:21 - Performance indicators 18:28 - Active voting ratio of token holders 19:11 - How do fan tokens generate value? 30:05 - What is the value added for the sponsors? 37:54 - Who are your competitors? 42:40 - Why should someone partner with you? 44:42 - Reaching the main stream audience 47:31 - Opinions on the new sports leagues 49:42 - What kind of sports would be suitable for this model? 53:39 - Regulations 56:19 - Price performance 58:43 - Future of the sports industry 1:00:32 - OutroSubscribe to Tascha Labs Podcast | Crypto Investment through Macro Lens | Web3 | Blockchain on Soundwise