Got the ping via The Athletic on my phone. Eyes did roll but hell, I don't mind taking £20m quid from people with more money than sense. Imagine we will try to adopt smart contracts only for us to miss the clause that will allow all our players to leave if they want to play for BAYC Super League team.
Discussions to replace Aon with The Hut Group were reported to have collapsed when the Manchester-based company pulled out due to concerns about a fan campaign to boycott United’s commercial partners as part of a protest against the Glazer family’s ownership of the club. The team have been operating without a front of shirt training sponsor this season.
United’s deal has given the club confidence that its commercial appeal to partners remains strong despite the pandemic and a testing period of performance on the field. United have long insisted that the summer signing of Cristiano Ronaldo from Juventus has helped drive commercial revenue.
Tezos is inherently linked to its own digital token — Tez — which crypto traders buy and sell to try to make profit. Crypto trading is highly risky and volatile and largely unregulated. The value of the Tezos token has risen a lot in the last three years but has plummeted since November, mirroring crypto prices more broadly.
It is also believed that the deal may involve collaboration beyond the United’s training kit, which would help United in their attempts to maximise opportunities in the technology space, including the metaverse and “web 3.0”.
Athletic report Joey D'Urso (who has done other articles regarding crypto, NFTs in football)
Blockchains rely on vast computing power to carry out transactions, which have been linked to carbon emissions and environmental degradation.
Tezos says it is more energy-efficient than other blockchains, but independently verifying these sorts of claims is hard. Furthermore, while blockchains make grand promises about remaking the world through complex use cases that will baffle most football fans, if you search the world ‘Tezos’ on social media, most people will be talking about something else — the Tezos cryptocurrency token which can be bought and sold on exchanges. Mirroring other cryptocurrencies, it has risen substantially in value since it was launched in 2018, but has crashed since November of last year.
To a cynic, the United deal’s main benefit could be that it ends up pumping the value of the cryptocurrency token, rather than marketing this technical computer network to the masses.