Binance Partners With the Brazilian Football Confederation To Launch NFTs The NFTs were launched a day prior to the commencement of the 2023 Campeonato Brasileiro Série A, the 67th edition of the football competition, on April 14th. Holders of the NFT Season Pass will have access to Fanverse (a gamiflied platform launching in May), can avail lower Binance trading fees and get discounts on CBF Academy Management and Business Courses on Fanverse.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Binance

On Friday, Binance, one of the largest blockchain and cryptocurrency infrastructure providers, announced it had joined hands with the Brazilian Football Confederation (CBF) to launch the country's top professional league, Brasileirão Assaí's first-ever non-fungible tokens.

The NFTs were launched a day prior to the commencement of the 2023 Campeonato Brasileiro Série A, the 67th edition of the football competition, on April 14th.

"We believe crypto and blockchain are the future of money and the internet, bringing indisputable benefits to people, especially in developing countries. We are honored to partner with CBF, and we are sure that this historical launch will allow more Brazilians to feel closer to their clubs and learn about crypto, so that they can take advantage of what this technology has to offer," said Guilherme Nazar, Binance's country manager for Brazil.

Holders of the NFT Season Pass will have access to Fanverse (a gamiflied platform launching in May), can avail lower Binance trading fees and get discounts on CBF Academy Management and Business Courses on Fanverse. Users can take part in match predictions, voting polls, and other gamified experiences, where top performers can redeem benefits in the form of tickets, collectables, prizes, hospitality experiences, and more.

"During my term as leading manager of CBF, we seek to connect with all forms of interaction with the fans. And it would not be different in this partnership with Binance. Bringing technology, combined with the emotion of football, will give us even more options for approaching and engaging with new audiences and different fan profile," shared Ednaldo Rodrigues, president of the Brazilian Football Confederation (CBF).

Binance has been a vocal believer that "sports are a territory where crypto can contribute to connect people with their passions and idols in an easier way and offer a new source of income for clubs, athletes and institutions around the world."

Previously, it has partnered with the Portuguese footballer Cristiano Ronaldo and is also a sponsor of Brasileirão Feminino Neoenergia, Brasileirão Feminino Binance A-2, Brasileirão Feminino Binance A-3, and Santos Futebol Clube.

The Changpeng Zhao-led venture also has a partnership with the football competition African Nations Cup, European football teams Porto, Lazio and FC Shakhtar Donetsk, and Formula 1 team Alpine.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Franchise

Turn Your Passion for Pets into a Business with a Wag N' Wash Franchise

Wag N' Wash is a store where pets can be cherished every day by feeding, washing, and spoiling them just how they like it.

Business News

The FTC Is Readying a Case Against the Largest U.S. Apartment Landlord. Here's Why.

The issue is with fees that allegedly weren't disclosed in advertisements for rental units.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Business Culture

What Every Business Leader Can Learn From Dutch Bros' People-First Culture

The coffee chain is turning employees into owners of the customer experience.

Growing a Business

How Meta Generated $32 Billion in Ad Revenue Last Quarter — and How You Can Create Million-Dollar Weekends Using the Same Strategies

Meta's staggering $32 billion quarterly ad revenue isn't just about size; it's about strategy, systems and execution as well.