Fan Stake Inc. Announces Launch of First Blockchain Enabled NIL and Endorsement Funding Portal "www.FanStake.io", Allowing Fans to Invest in Top Collegiate Athletes Future Earnings
- Unique sports funding portal www.FanStake.io will seek to offer sports fans the opportunity to buy interests associated with the performance of college athletes, and share in the financial success of those athletes' careers through NIL, endorsement deals and professional contracts.
Online, October 10, 2024 (Newswire.com) - Fan Stake Inc. (www.FanStake.io) a sports technology and digital media company based in South Florida and New York City, allows fans to invest in athletes' futures, sharing in their financial success. The Company today launched its unique and block chain enabled and regulated funding portal www.FanStake.io, developed to facilitate public investment in specified future professional sports earnings of individual athletes. Fan Stake enters into Athlete Agreements with promising collegiate athletes in which The Company will provide upfront funding and help promote that athlete's personal brand in exchange for a percentage of future revenues generated by the athlete (each under an "Athlete Agreement").
Fan Stake through its registered funding portal at www.FanStake.io then allows investors to participate in the performance of those individual athlete agreements through direct investment in Fan Stake. These investments are made available through securities offerings under Regulation CF and regulated crowdfunding that are exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Fan Stake registered FORM C Offering providing up to $5,000,000 in funding for The Company and athletes under Agreement may be viewed here:
The Company has recently signed its first feature collegiate basketball athlete Jazz Gardner, a 7 foot, 240 pound star center for Pacific, recently transferring from Nevada to allowing registered investors to participate in future earnings NIL, endorsement and professional contracts under Regulation CF. The Company has committed up to $150,000 under the Athlete Agreement with Jazz Gardner.
The Jazz Gardner feature profile including stats and video highlights may be seen here:
https://fanstake.io/featured-athlete-v2/
Video and game highlights may be seen here:
https://fanstake.io/featured-athlete-v2/#gallery-2
Investments made available through the registered investment portal at FanStake.io are made in oversight through our registered broker-dealer Andes Capital. Together, Fan Stake and FanStake.io offer sports fans the opportunity to buy interests associated with the performance of college athletes, and share in the financial success of those athletes' careers through endorsement deals, NIL and professional contracts.
"We are extremely pleased to announce the launch of our regulated sports funding portal FanStake.io today. For the first time, we are allowing fans to invest in athletes' futures, sharing in their success. Like venture capital for startups, Fan Stake identifies promising sports stars, offering fans a chance to invest in their careers. With recent litigation over collegiate students receiving NIL funding, NCAA rulings and a very fragmented system on providing funding to deserving athletes, we firmly believe our blockchain and regulated portal FanStake.io can create a financial tracking model for colleges, collectives and sports agencies alike. Our platform is the first to provide a direct funding and custody chain through our block chain enabled platform with all participants receiving a digital certificate of ownership in their chosen athlete investment. Most importantly, we are getting much needed funds to athletes to stay on the field, focus on performance, maintain financial stability and buy equipment in a regulated environment. While at the same time, we are giving fans a unique opportunity to back the next big professional athlete and share in their earnings" stated Michael Friedman, President of Fan Stake Inc.
"Historically, athletes have only entered into these types of agreements in exchange for payment from their future earnings with closed-door funds and/or companies. Together with our SEC compliant crowd funding platform www.Fantake.io, we intend to democratize access to these opportunities so that fans can become involved while enhancing brand value for athletes to a much greater extent than was previously possible. Through each step of the athlete's career, we plan to facilitate and monetize opportunities for fans, investors and shareholders who invest in our athlete offerings to engage in various ways with athletes, while increasing the potential value of the player with whom we have Athlete Agreements", further stated Friedman.
Strategy and Focus of Fan Stake
Our strategy is to acquire a percentage of endorsement contracts, NIL grants and the prospective professional sports earnings of individual athletes paid by a professional sports team in the NFL, NBA, WNBA, NHL and MLB, or other professional leagues to and for the duration of the Agreements with such athletes. We intend to primarily focus on acquiring rights to receive potential Brand Income of collegiate or in some cases professional athletes who are early in their career in football, basketball, soccer, golf, tennis or baseball. Athletes seeking potential NIL funding may contact Fan Stake directly at partnerships@fanstake.io
About Fan Stake
Fan Stake Inc., though its regulated portal www.FanStake.io, allows fans to invest in athletes' futures, sharing in their financial success. Like venture capital startups, the management of Fan Stake identifies promising sports stars and offers fans a chance to invest in their collegiate careers. Fan Stake empowers the fans to not only be emotionally involved in their favorite athlete, but to invest and share in the future earnings of that athlete including NIL (Name, Image Likeness) grants, endorsements and professional contracts, a privilege until recently limited to private equity funds and institutional investors. The Company's regulated crowd funding platform located at www.FanStake.io allows fans to invest in featured athletes' future earnings through a FINRA-registered crowdfunding engine under REG CF. Similar to investing in fractional fine art, real estate or racehorses, fans can by fractional equity in an athlete's future career.
LEGAL DISCLAIMER
The information set forth in this press release includes statements, estimates, projections with respect to our anticipated future performance and other forward-looking statements, which are subject to risks, uncertainties, and assumptions. In some cases, you can identify these statements by forward-looking words such as "may", "might", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "future" or "continue", the negative of these terms and other comparable terminology. Such forward-looking statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements, estimates and projections are based upon various assumptions that we made concerning our anticipated results and industry trends, which may or may not occur. We are not making any representations as to the accuracy of these statements, estimates or projections. Our actual performance may be materially different from the statements, estimates or projections set forth below. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.
Investing in Regulation CF offerings involves a high degree of risk. Securities sold through Regulation CF Offerings are typically not publicly traded and, therefore, are less liquid. Additionally, investors will receive restricted stock that is subject to holding period requirements. Companies seeking capital through Regulation CF Offerings tend to be in earlier stages of development and have not yet been fully tested in the public marketplace. Investing in Regulation CF Offerings requires a tolerance for high risk, low liquidity, and a long-term commitment. Investors must be able to afford to lose their entire investment. Such investment products are not FDIC insured, may lose value, and have no bank guarantee.
IMPORTANT NOTICE
In making an investment decision, investors must rely on their own examination of Fan Stake Inc. (The Company) and the terms of the offering, including the merits and risks involved. All investors should read the offering memorandum provided in conjunction with this offering. Investment opportunities posted on the FanStake.io website are speculative, illiquid, and involve a high degree of risk, including the possible loss of your entire investment. The Company is not a broker/dealer, does not offer investment advice or recommendations with respect to any securities. This offering under regulation crowdfunding is being conducted through Andes Capital Group, LLC ("Andes Capital"), member of the Financial Industry Regulatory Authority (FINRA). All securities posted on FanStake.io are offered by, and all information included on the FanStake.io site is the responsibility of, The Company. Andes Capital cannot verify adequacy, accuracy or completeness of any information. Neither Andes Capital nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on FanStake.io. Andes Capital, is a broker/dealer registered with the SEC and Member FINRA/SIPC FINRA's Broker Check. The Company and Andes Capital are independent and unaffiliated entities.
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SOURCE: Fan Stake Inc.
Source: Fan Stake Inc