Magnus Capital is a leading Investment & Advising firm in Digital Asset Space.
The Magnus Capital has extended its support to Rage.Fan’s vision of being the first to create mainstream centralized fantasy sports ecosystem to a completely decentralized experience.
Recently Rage.Fan got a chance to chat with Magnus Capital wherein they shed light on a number of things that are exciting and should be kept in consideration while entering this space
Here is the interview snippet:
Rage.Fan: Why did you choose to invest in Rage.Fan?
“Fantasy sports have captivated audiences since their creation in the early 1960s.
Rage.Fan is the first fantasy sports project Magnus has identified with the team and tools to capture that excitement in a decentralized platform.
While most fantasy sports platforms must focus their efforts on a single market — North America, where they are often headquartered — Rage.Fan’s decentralized infrastructure allows for an unparalleled scope of operations.
Moreover, with the team and infrastructure partners to execute their vision Rage.Fan has a competitive first to market advantage.”
Rage.Fan: How does Rage.Fan’s first mover approach towards decentralization of fantasy sports impact the global fantasy sports ecosystem?
“We at Magnus believe that opens the door not just for international users, but for the first time, the international sports that interest them. Not just basketball, hockey, and baseball, but every sport for every person.”
Rage.Fan: Rage.Fan has recently announced a partnership with Polygon. Why is that important?
“Blockchain partners like Polygon will help Rage.Fan scale their platform while strategic advisors, including Magnus Capital, will help Rage.Fan realize their vision using the experience and passion for fantasy sports that even preceded their work with blockchain and cryptocurrency. ”
Rage.Fan: What advice would you offer to firms intending to move into fantasy sports ecosystems leveraging blockchain and cryptocurrencies?
“Our advice for any blockchain company looking to move into Fantasy Sports is to focus on the sports that are most familiar to them and identify that sport’s unique needs. Fantasy Sports isn’t a novel concept but with current platforms limitations of scope we believe there is a high ceiling for growth in the development of blockchain technologies to fill the many gaps in the ecosystem.”
Rage.Fan is a fan-first decentralized fantasy sports platform where players will have the opportunity to acquire action cards based on NFTs to earn additional in-game points. Players will partake in an Augmented Reality based Token hunt platform to collect $RAGE coins. The platform will also host a one-of-kind Sports Oracle offering reliable secure off-chain sports data.
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