Zug, Switzerland, July 18, 2022, ZEXPRWIRE, Only a few people in the football world manage to get rich. This is because it takes a lot of skill and hard work to be a good manager or player. Most people in football are not as lucky as the managers and players who make a lot of money.
In this tight market, a new team wants to leverage NFT technology to open the doors of football to investors. World Cup Apes is planning to introduce a digital ecosystem where investors can profit from the football market.
Our review of the World Cup Apes project will look at the main features of this initiative. We will begin from its vision and move into the various components of its ecosystem.
Introducing World Cup Apes
The World Cup Apes collection is a one-of-a-kind 3D NFT offering 5,000 distinct humanoid figures. Digital collectors value the variety of characteristics and rarity levels that these NFTs provide.
As these creators argue, only a limited number of individuals have benefited financially from the football business. This team anticipates a future when more investors may earn money from this market. In this scenario, blockchain technology plays a fundamental role.
With the help of World Cup Apes, anyone can become a shareholder in the football industry. While this project has NFTs at its core, limiting our review to this aspect would not be fair. World Cup Apes has the ambition of building a more complex ecosystem, as we explain below.
Understanding the Project’s Mission and Vision
This group believes that a more equitable trade system and technological advancement can benefit the football world. The initiative aims to make the football world available to everyone immediately.
Regarding rewards and tokenomics, World Cup Apes relies on next-generation blockchain technology related to level 2. This technology is more scalable, affordable, accessible to everyone, and environmentally friendly.
Playing and competing is a fun activity, and World Cup Apes hopes to spread that message worldwide. The project wants to bring more people into the business of digital assets connected to the world of sports.
The Three Steps in the Project’s Strategy
World Cup Apes relies on a strategy that we can summarize as follows:
- Step 1: Five thousand humanoid figures of the world’s most renowned soccer players will be part of this project. These creations portray the football outfits of the world’s best teams. Because these digital creations are unique, they all have a distinct visual identity.
- Step 2: World Cup Apes will also have a native cryptocurrency. The WCA utility token is necessary for the NFT staking process and participation in the DAO platform.
- Step 3: A Decentralized Autonomous Organization (DAO) will oversee the WCA Digital Investment Fund. The Digital Investment Fund will be in charge of acquiring the image rights of rising football stars worldwide.
The Project’s Core: A Collection with Thousands of NFTs
A portion of the project’s special NFTs entered the market through a private sale round. In this operation, the focus was on investors from medium-sized and big portfolios.
Auction lots of 200 or 500 NFT have begun to appear for sale to the general public. The goal of this method is to leverage the concept of “scarcity.”
The timing of the release of subsequent lots will vary based on the team’s marketing strategy. The timetable of this initiative’s growth will also rely on when prominent sports stars join the project.
Moving Closer to Qatar 2022
The 2022 World Cup will kick off in Qatar. This will be the first time a Middle Eastern country hosts the competition. The event will take place from November 21 to December 18, 2022.
World football fans will be able to watch a total of 64 matches in eight different venues across the country. In preparation for this event, this World Cup Apes plans to unveil an additional collection of one thousand new NFTs.
With the approval of the various federations, humanoid avatars of multiple players will be part of the collection.
A number on the shirt, a national team insignia, and a sponsor’s logo would be these NFTs’ distinguishing features. These features will be available if the federations involved will give legal authorization.
How Does the WCA Token Work?
Projects can incentivize users to support and use their platform by creating their cryptocurrency. Additionally, cryptocurrency can be a way to reward early adopters and contributors to a project.
NFT holders will receive WCA tokens for locking their NFTs in a staking pool. The token has a supply of 100 million samples, which we can break down as follows:
- Public sale: 57.5%
- Staking: 20%
- Team: 10%
- ICO: 10%
- Marketing: 2.5%
People owning at least one NFT will not be able to sell their WCA tokens until December 2022.
As the sections below explain, the token will have a core role in the WCA Digital Investment Fund.
The Purpose of the WCA Digital Investment Fund
This fund will be in charge of acquiring the rights of up-and-coming young talents. WCA token sales, both private and public, will provide an initial source of funding for the initiative.
The fund will have 31 percent of its management represented by professionals from the world of football.
The remaining 69% will consist of the project’s founders (20%) and a decentralized autonomous organization (49%). This DAO will give voting rights to token holders proportionally to the amount of WCA they hold in their wallets.
A Look at the Project’s Roadmap
The project has shared a clear roadmap with the market, mentioning several milestones. With the aim of summarizing the team’s plans for the future, we can mention the following tasks:
- Creation of an NFT exchange portal and launch of the first NFT collection.
- Development of the WCA token.
- Launch of the NFT staking feature. The operation lets you receive 40 WCA daily for no longer than 90 days, as the project’s founders explained.
- Official launch of World Cup Apes: the operation will consist of a pre-ICO (September 1st), ICO (October 1st), and ICO listing (November 1st).
- Launch of 3,000 additional NFTs for the World Cup in Qatar.
World Cup Apes will ultimately aim to develop its ecosystem. Specifically, the team mentioned the intention to create the WCA SOCIETY with the following investment portfolio:
- 20% going to the team
- 31% going to world football personalities
- 49% going to WCA token holders.
All football and blockchain aficionados can join the World Cup Apes ecosystem. Investors may be interested in the upcoming NFTs before Qatar 2022.
These humanoid avatars will allow everyone – through NFT technology – to collect WCA by staking. There will be 100 million WCA tokens in circulation, and the WCA Digital Investment Fund will primarily rely on this cryptocurrency.
A DAO will be at the heart of this fund, acquiring the rights of new young talents.
If you wish to learn more about this project, its website has the necessary details. World Cup Apes’ social media pages (Instagram, Twitter, Telegram, and Discord) contain all the team’s announcements for its community.
Name: Daniele Mangano
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.