Wait, Tom Brady is back again?
Sorta. The NFL season kicks off this week and Brady is hitting the telecast booth for Fox, but the NFT platform he is heavily invested in (Autograph) announced a huge pivot into a fan engagement app. We thought this was significant, because it shows the evolution from a more speculative play (celeb NFTs) from a few years ago into a more mature use of underlying blockchain technology to improve sports fans' experience (loyalty rewards).
With leading sports platforms being bought and sold by various media companies seemingly every few months, a truly fan focused platform like Autograph that rewards your time and engagement just might make it into the End Zone. Heads-up, tech story passes incoming!
Autograph, co-founded by Tom Brady and initially focused on NFT collectibles, is shifting gears to reward fan engagement with real-world perks. The revamped platform aggregates content from various sources and rewards users with digital coins for their interactions, which can be exchanged for discounts, memorabilia, and events.?
Despite an early focus on NFTs and a high-profile board, including figures like Dick Costolo and Sam Bankman-Fried, Autograph is now pivoting towards a more content-driven, fan-centric model. The company has reduced its workforce but is optimistic about future growth, blending content consumption with potential blockchain integration.
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Pressman Film, known for classics like “Wall Street," "American Psycho" and "The Crow" reboot is diving into the world of blockchain by using Republic on the Avalanche chain to fund new movies. This innovative approach lets the public (movie fans) invest in a lineup of films for as little as $200, with potential returns if the movies succeed.
Investors might also score perks like set visits and producer credits depending on their level of investment. The fund has already gathered $314,000 of its $1.5 million target. While the tech behind the scenes is blockchain-based, investments are handled in traditional fiat currency, making this a novel blend of old and new financing methods.
Proving that people should stick to TikTok for recipes and dance moves, the "Chase Bank Glitch" that went viral last week turns out not to be a glitch, and just good ol' fashion check fraud. The scheme involves writing fraudulent checks, depositing them, and quickly withdrawing the funds before the bank catches on.
Despite being old news in the world of bank fraud, the trendy rebranding led some people to try their luck, with mixed results ranging from flaunting stacks of cash to facing severe debt and accounts being closed. Chase Bank quickly pointed out they are well-equipped to track down offenders. Proof once again that if it sounds too good to be true, it often isn't.