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LEAP’s whitepaper: A roadmap for giving friends a financial stake in youth athlete success

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LEAP, a next-generation sports-discovery and endorsement platform, unveils its whitepaper detailing its roadmap to monetize the potential of young athletes through Web 3.0 tokenomics. In the whitepaper, LEAP presents its mission statement to address the problem behind the lack of opportunities for young athletes today and how it leverages blockchain technology to support this mission.

All over the world, children growing up in impoverished communities dream of turning their passion for sports into an enriching professional career. In the U.S., home to many of the most prominent sports associations in the world as well as a high-class college and youth sports infrastructure, only one out of 16,000 high school athletes turns pro. In regions like Latin America and Africa, where sports are just as popular but resources more limited, the chances are even lower. However, many athletes strive for a secondary path to stardom—one achieved via becoming a digital creator and influencer.

The release of LEAP’s whitepaper signals the upcoming launch of its platform, detailing the token creation (ERC-20) process, partnerships with exchanges, launch of the prototype, and more. In the whitepaper, LEAP chronicles $LEAP utility token’s potential to facilitate the entire platform’s economy and support a global community connecting young athletes with talent seekers. An athlete using LEAP receives a unique digital player card, backed by an NFT after completing certain milestones as they engage with the platform.

Player card NFTs upgrade as the athlete’s score and rank in LEAP’s gamified platform increases. Talent seekers, fans, pro athletes, and others who join the athlete’s “Fan Clan” can acquire his or her NFT player card and become active endorsers having a direct impact on the athlete’s growth. This offers an engaging way to reward and motivate digitally native, next-generation athletes and those who support them early on.

Through LEAP, youth athletes get to showcase their skill-sets in short-form videos uploaded to the platform. By specifically working with young athletes from impoverished and isolated communities, LEAP brings together a digital community of both youth sports talent and talent seekers to help the athletes, not only gain recognition, but also get rewarded based on their skill levels and continuous engagement in sport activities. The app features a customized video creator—LEAP Studio—with specific filters, sticks, and add-ons to help talents better highlight their individual skills based on their sport. Talents can use the videos to challenge each other in LEAP DARE Battles, where the community votes for whoever they think performed the skill better, and winning will boost the value and rarity of the users NFT Player Card.

Omri Lachman, CEO and Co-Founder of LEAP

“Our whitepaper serves as our manifesto and marks an important milestone for the LEAP community because it’s paving the way for our platform launch,” says Omri Lachman, CEO and Co-Founder of LEAP. “Our platform approaches the sports industry from a completely new and different perspective. We are diligently building the framework to host a global network of sports talents as well as talent seekers, agents, and fans in a fun and interactive way that uses Web3.0 technology to help level the sports playing field for all, while delivering the Web3.0 visionary promise of individual ownership over data, content and digital assets.”

Blockchain

Decentralized Finance (DeFi) Market to Surpass USD 446.43 Billion by 2031 | SkyQuest Technology

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Blockchain

Merging Traditions with Fintech and Blockchain Innovations

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Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit

The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.

Moderator: Anna Agu

Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.

Panelists:

  • Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
  • Astra Tikas – Founding Board Member of INO (Internet Native Organization)
  • Dr. Dean Rakic – Chief Scientist at Blockcontrol
  • Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
  • Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania

Why Attend?

The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:

  1. Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
  2. Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
  3. Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
  4. Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
  5. Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.

Join Us

This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.

Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!

The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.

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North America B2C E-Commerce Market & Payment Innovation Trends Report 2024 – By 2025, Digital Wallets are Expected to Make Up Over a Quarter of Canada’s Online Payments

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