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.

For point #3, diving into the history of the Green Bay packers is a fascinating template. One of the only sports teams still publicly owned.  https://i.imgur.com/2Kwl4yx.png

Practical AI fanatic. CTO & Founder. Open-Source Maxi. Good Cook, Mediocre Bowler.

i've heard that the shares are symbolic only - with no governance or true equity value associated

I did not know this. Welp.. we can only go up from here..?