ProjectWITH is a blockchain-based sports data platform that connects sports athletes, clubs, agents, and fans from around the globe. WITH platform aims to support the sports career development of athletes by gathering their career information and getting PR opportunities in the forum. The athletes may manage their career information such as team histories and major experiences on WITH and share it as PR. Also, the clubs may use those data for recruitment and marketing. The users can contribute towards the platform by generating data and content that can be compensated in digital assets according to the specific scheme designed by Project WITH team.
The key functions of WITH
WITH’s key functions are:
- gathering sports data
- utilizing the gathered data.
WITH has been developing the key features in two stages.
Stage1. WITH for sports career management
- Data: individual match data from elite to semi-professional football
- Use: Player valuation/segmentation and career management (job matching)
- Key Features: Data gathering, player valuation, job posting, and matching
- Product: WITH application
Stage2. WITH for fan involvement
- Data: individual sports data from daily sports activities
- Use: life logging with sports activities and verifying the data for utilization(minting sports NFT, NFT for fantasy game and metaverse, and decentralized identification in sports), marketing
- Key Features: Data gathering using DID(Decentralized ID), Generating NFT, participating in fantasy football and metaverse)
- Product: WEDID (WITH Decentralized ID application), NFTs, K league Fantasy Football, KICK (Fan activity verification and rewarding application)
$WIKEN is the utility token of the WITH ecosystem, deployed on Klaytn. $WIKEN is mainly used for payments to services and other DeFi services (such as data, NFT trading, and liquidity mining).
Besides, there was once another token, $WINT, which functions similarly to the $WIKEN now. $WINT could also be converted to $WIKEN in a one-to-one ratio after 30 days of the vesting period. The 30-day vesting period was relatively too long for holders to bear market fluctuation. Thus, $WINT is not currently applied to the WITH ecosystem, and $WIKEN is the only utility token for the services.
$WIKEN could be acquired through participation in activities on the platform in the following ways:
- Uploading information about athletes
- Uploading information about clubs
- Uploading information about agents
- Participating in fan activities on WITH platform
- Selling content on the platform
The key problem ProjectWITH is trying to solve is that the sports industry is too polarized all around the world. In particular, the global football market has not been able to smoothly reallocate and accurately evaluate the value of numerous sports players worldwide due to the absence of reliable information and platform compared to the market size and the ripple effect.
In short, so far sports career information is centralized by several key participants including agents and clubs, and this leads to 1) centralization of network & scouting information, 2) absence of objective market value metrics for players, and 3) lack of content creation and sharing channel for sports participants.
WITH platform supports sports career development where athletes across various sports events will gather career information and have self-PR opportunities on the platform. This is because, WITH platform connects sports athletes, clubs, agents, and fans worldwide by utilizing blockchain technology. Those users who contribute their time and attention towards generating informational data and content for the platform are compensated in cryptocurrency according to a specified scheme designed by Project WITH. On the other hand, those who need information inquiries will have to pay a service fee in cryptocurrency.
