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

Founder of venture DAO Chainforest (www.chainforest.xyz). Also treasury Co-Lead @ FWB. Liftcaster. Fashioncaster. Dadcaster. NYCaster. NBA Caster.

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.

VC analyst investing in HPC and Life Sciences

I write — http://pursuit.beehiiv.com

cs & english @harvard | 🇺🇸🇰🇷

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)

The biggest hurdle people attempting to bridge the sports-to-sports-derivatives gap struggle with is how different the schedules/priorities/incentives beyond money are between the industries. Athletes are busier than people think & are efficient at getting things as individuals

… which doesn’t necessarily translate to business. And the slow cadence and unpredictability of institutional $-backed businesses are hard to plan around, often preclusively so, for an athlete with a busy, highly seasonal schedule and extremely short earnings window.

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)

I need to look into it more. Concept seems promising, but I’m curious if cards are basis* (1/2)
-
The licensing is a huge get, although that’s no guarantee of success. For example, I think TopShot won’t last & would be toast already w/o the exclusive NBA investment/partnership.