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Fan Controlled Football raises $40M to expand league with Bored Apes and Gutter Cats

“One of the most powerful things that tokenization does is release the energy of fans into tangible forms of value and meaning, we see this effect in NFTs and also social tokens,” said Animoca Brands co-founder Yat Siu.
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“One of the most powerful things that tokenization does is release the energy of fans into tangible forms of value and meaning, we see this effect in NFTs and also social tokens,” said Animoca Brands co-founder Yat Siu.

Alternative sports organization Fan Controlled Football (FCF) has raised $40 million in Series A funding from crypto and blockchain gaming firms to support the league’s expansion plans, including four new teams and an NFT project.

The FCF was founded in 2017 by Sohrob Farudi, Patrick Dees, Ray Austin and Grant Cohen and hosted its debut season inside a bubble environment in Atlanta amid the pandemic last year. The FCF features an indoor version of American football in a seven vs seven-player format, and the games are streamed live on Twitch.

The unique feature of the league is that the teams are governed by their fans, who have voting rights on anything ranging from player acquisitions, in-game plays, branding and team selection. For the upcoming season, NFTs will play a key role in the voting process for half of the teams.

The $40 million Series A funding round was led by NFT and crypto firms Animoca Brands and Delphi Digital. The funds will be used to expand the league from four to eight teams for the 2022 season, along with launching NFTs called “The Ballerz Collection.”

All four of the new teams are owned by figures tied to NFT projects with the Bored Apes and Gutter Cats teams being the latest to be announced following the unveiling of the Knights of Degen and Team 80KI (co-owned by DJ and NFT proponent Steve Aoki) in October.

The FCF is rolling out 8,888 Ballerz NFT avatars for each new team which fans can snap up to hodl and obtain voting rights for their team. The NFTs will differ in rarity and value, with the more expensive tokens offering greater benefits such as enhanced voting power, exclusive content and game tickets.

Any existing Bored Ape Yacht Club or Gutter Cat NFT hodlers will also receive a 50% discount on Ballerz NFT purchases if they buy tokens corresponding to those teams. The NFTs are slated to drop late this month, and the public minting cost per token will be 0.1776 Ether (ETH) or roughly $580.

Four new FCF teams: fcf.io

Speaking with Cointelegraph , Animoca Brands chairman and co-founder Yat Siu emphasized that fan tokens can enable fans to directly participate in their favorite sports:

“One of the most powerful things that tokenization does is release the energy of fans into tangible forms of value and meaning, we see this effect in NFTs and also social tokens.”

“Fan Controlled Football is an evolution where the game is in the hands of the fan from the get-go and introducing blockchain technology will give it deeper meaning and purpose for all the fans that are playing FCF,” he added.

Related: 3x NBA champion Andre Iguodala becomes the latest athlete to receive salary in crypto

In an interview with Forbes on Jan. 12, FCF co-founder Farudi stated that the organization is “experimenting” with its format and will continue to do so to find out what works best for the fans and the league.

“We don’t know exactly what’s going to work and what’s not going to work. But we don’t have a player’s union. We don’t have 30 owners around the table telling us no. We have one agenda. Our agenda is to be successful. We’re going to experiment to the nth degree to figure out what works and what fans love,” he said.

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Commodities

The Link Between Soaring Food Prices & Political Instability

The Link Between Soaring Food Prices & Political Instability

The Russian war in Ukraine has had immediate repercussions for global food…

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The Link Between Soaring Food Prices & Political Instability

The Russian war in Ukraine has had immediate repercussions for global food markets given the countries’ role as major exporters of essential agricultural products, such as wheat, sunflower oil, barley and corn, while also affecting perishable foods like fruits and vegetables.

As shown in FAO data, the price of basic food products has surged since the invasion of Ukraine after already having followed an upward trend since 2020 over the course of the Covid-19 pandemic.

You will find more infographics at Statista

As Statista's Katharina Buchholz notes, in the past, similar surges in the price of food have led to unrest, mostly in developing countries, and even coincided with the Arab Spring in 2011, when populations in North Africa and the Middle East cornered by oppressive regimes and feeling the additional squeeze on their livelihoods due to high prices rose up and toppled several regional regimes. The current level of food prices is even surpassing the peaks observed in 2011 and 2008, when food and other prices rose dramatically, causing unrest in several African countries as well as in Bangladesh, Haiti, Indonesia and Yemen. The onset of the global financial crisis put an end to the price surge that year.

In the current situation, Human Rights Watch has warned that food crisis could hit North Africa and the Middle East again, as several countries in the region are major importers of Russian or Ukrainian food products

According to Cornell University economics professor Chris Barrett, the potential for unrest is again heightened.

As of early June, food prices had already fueled protests all over the world, including in Asia, Africa, the Middle East, Latin America and Europe.

Tyler Durden Fri, 06/24/2022 - 23:20

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Government

Reactivation Of Chickenpox Virus Following COVID-19 Injections On The Rise

Reactivation Of Chickenpox Virus Following COVID-19 Injections On The Rise

Authored by Meiling Lee via The Epoch Times (emphasis ours),

Doctors…

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Reactivation Of Chickenpox Virus Following COVID-19 Injections On The Rise

Authored by Meiling Lee via The Epoch Times (emphasis ours),

Doctors and scientists are seeing an increase in the reactivation of the chickenpox virus, known as varicella-zoster virus (VZV), following the COVID-19 injections.

A child gets a Pfizer COVID-19 vaccine in Hartford, Conn., on Jan. 6, 2022. (Joseph Prezioso/AFP via Getty Images)

The chickenpox virus is one of the eight herpes viruses known to infect humans. After a person contracts and recovers from chickenpox, the virus never leaves the body but lies dormant in the nervous system years later until it gets reactivated as shingles, or herpes zoster (HZ).

Federal health authorities claim that there’s no correlation between COVID-19 injections and shingles, but studies show that there is a higher incidence of shingles in people who’ve received the vaccine.

Israel was one of the earlier countries to publish a case series of six women (out of 491 participants) with an autoimmune disorder who developed shingles 3 to 14 days after receiving the first or second dose of Pfizer COVID-19 shot. None of the 99 participants in the control group developed shingles. The study was published in the journal Rheumatology in April 2021.

To our knowledge, there were no reports of varicella-like skin rash or HZ in the mRNA-based vaccines COVID-19 clinical trials and our case series is the first one to report this observation in patients within a relatively young age range: 36–61, average age 49 ± 11 years,” the authors wrote.

They hoped that publishing the case series would “raise awareness to a potential causal link between COVID-19 vaccination as a trigger of HZ reactivation in relatively young patients with stable AIIRD [autoimmune inflammatory rheumatic diseases].”

Man with scarring from shingles on June 21, 2022. (Meiling Lee/The Epoch Times)

In a different case study from Taiwan, researchers reported three healthy men ages 71, 46, and 42 who developed shingles two to seven days following the first dose of the Moderna or AstraZeneca COVID-19 injection.

HZ does not often appear after the administration of other kinds of vaccinations,” the researchers wrote. “But we believed that there might be a link between COVID-19 vaccine and HZ emergence.”

“One of the reasons is the short delay of onset after vaccination. The other reason is that these three patients were immunocompetent,” they added.

The largest study to date, based on real-world data (pdf) of more than two million patients, found that there was a higher incidence of shingles among the vaccinated (who received a COVID-19 shot within 60 days) than in the unvaccinated cohort, who were diagnosed with shingles within 60 days of visiting a healthcare office for any other reason.

According to the researchers, the risk of developing shingles was calculated as 0.20 percent for the vaccinated group and 0.11 percent for the unvaccinated, and the “difference was statistically highly significant.”

“Reactivation of the varicella-zoster virus appears to be a potential ADR [adverse drug reaction] to COVID-19 vaccines, at least for mRNA LNP-based formulations,” the authors wrote, adding that “vaccination against COVID-19 seems to potentially raise the risk of precipitating HZ [herpes zoster].”

Dr. Richard Urso, an ophthalmologist, and drug design and treatment specialist, told EpochTV’s “American Thought Leaders” program in April 2022 that of the three to five patients he sees a week with long COVID or problems after receiving the COVID-19 shot, “a huge number of them have reactivated Epstein-Barr, herpes simplex, herpes zoster, CMV.”

Regardless of the rise in reports of shingles after the rollout of the COVID-19 shots, the U.S. Food and Drug Administration (FDA) claims that it has not detected any safety signal between the two.

“FDA has not seen a safety signal for shingles/herpes zoster following administration of the approved or authorized COVID-19 vaccines,” Abby Capobianco, FDA press officer told The Epoch Times via email last month, adding that the agency “will continue to closely monitor the safety of these vaccines.”

The Centers for Disease Control and Prevention (CDC) also alleges that “there is no current connection” between COVID-19 vaccines and the reactivation of the chickenpox virus.

CDC spokesperson Scott Pauley said that any adverse reactions experienced after receiving a COVID-19 shot are temporary and a positive sign that the vaccine is working.

“Some people have side effects from the vaccine, which are normal signs that their body is building protection,” Pauley wrote in an email to The Epoch Times. “These side effects may affect their ability to do daily activities, but they should go away in a few days. Some people have no side effects, and allergic reactions are rare.”

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Tyler Durden Fri, 06/24/2022 - 20:20

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Crypto

Crypto Stories: YouTuber Paco de la India explains his travels using Bitcoin

The Bitcoiner had visited eight different countries out of his goal of forty and was in Africa at the time of Cointelegraph’s interview.

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The Bitcoiner had visited eight different countries out of his goal of forty and was in Africa at the time of Cointelegraph’s interview.

A YouTuber started traveling the world to see whether he could survive solely on Bitcoin as a means of payment.

In the latest episode of Cointelegraph’s ‘Crypto Stories’ series, Paco from India explained how he started his journey from the city of Bengaluru and learned from the example of travel pioneers who came before him, including Nellie Bly, who circumnavigated the globe in the late 19th century in less than 73 days. Paco worked a variety of jobs before reading up on Bitcoin (BTC) and made a big decision.

“This is 2021,” said Paco. “I will travel the world by using Bitcoin.”

The YouTuber added:

“When my journey started, I had zero dollars. I sold my furniture, got $200 of Bitcoin, and as soon as I started on day one, the first Bitcoin meetup we had in Bengaluru, one guy came and gave me $200 of Bitcoin [...] My plan is to go to 40 countries in 400 days.”

Paco said he was delayed from his travel plans by the ongoing pandemic — particularly when the Omicron variant hit India. However, he had visited eight different countries and was in Africa at the time of Cointelegraph’s interview.

Related: Crypto Stories: YouTuber DataDash talks about his most expensive mistake

“I feel Africa needs Bitcoin more than anyone else in the world,” he said. “All the currencies are falling down, the countries are falling down — it’s a big blow, it’s happening. Fix the money, fix the world.”

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