Amit Mukherjee
@amitmukherjee
I'm starting to dig into sports x web3 as a potential investing thesis. Rationale: (1) Dapper + Sorare two of the most successful web3 projects (2) legalization of NIL and gambling create new market forces that web3 may creatively solve (3) team ownership a real use case for DAOs with interesting ripple effects
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sam carter | 현춘
@samhcarter
As someone who’s spent years in the sports space, many have tried so far & none have succeeded in a sustainable way yet, imo. - Huge opportunities with many traps. The big players are coming, quickly and decisively (Amazon, Fanatics, et al), so best act fast.
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sam carter | 현춘
@samhcarter
True decentralized ownership in Big 4 American sports is likely a no-go, too. There are billionaires who’ve been waiting years for the /chance/ to own an NFL team. (NFL is most difficult to break into, but I can’t see an NBA or MLB team being truly publicly owned, either) (1/2)
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sam carter | 현춘
@samhcarter
A lot of the magic in these leagues (player movement, rumor starting/suppressing, ownership and front office moves) happens behind the scenes, and it’s not stuff that a decentralized group could ever be privy to. Q: So how is DAO owned any different than buying debt/equity? (2/2)
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Amit Mukherjee
@amitmukherjee
Agreed that there's no opportunity in big4. But sports is much broader than that. My thesis is that a 10x+ opportunity for a sports team comes from picking the right up and coming league that secures a content rights deal in the future.
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Amit Mukherjee
@amitmukherjee
DAO "ownership" wouldn't promise equity in the team but agency over some governance decisions. e..g, in the new pickleball league, owners draft new teams seasonally - would be a great use of a DAO voting right
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