The Federal Byzantine Agreement-based (FBA) network, Flare, recently partnered with Rival to become its preferred NFT, Utility, and DAO token platform for Rival’s NFT marketplace.
Flare and Rival’s Partnership
Rival is an enterprise solution that integrates gaming, esports, and now NFTs, into a company’s fan-engagement strategy. Some of these entities are the Seattle Seahawks from the NFL and the Arizona Coyotes from the NHL.
Using Flare, fans will be able to trade and engage with one another as NFTs using the project’s canary network, while competing on Rival’s platform. The latter’s CEO Matt Virtue said that the partnership allows his project to “expand” its NFT capabilities across the sports and media worlds.
“This partnership augments the Rival ecosystem and provides additional levers of engagement and community building with one of the fastest growing audience segments in the world,” said Virtue in a statement shared with CryptoPotato.
Platform users will be rewarded with Flare’s Songbird and FLR tokens for gameplay and achievements. They’ll be granted access to Bitfrost wallets native to Flare and Songbird for accessing their rewards, which can be traded in for ticketing, game passes, NFTs, and branded client merchandise.
Hugo Philion, CEO and Co-Founder of Flare, said the partnership will aim to benefit of the fast-rising trends of esports and NFTs:
“This partnership is the perfect match because eSports have exploded in the last few years and now most of the major sports organizations in the world are looking for opportunities in gaming which enable them to truly deepen their fan engagement by enabling a myriad of different use cases for user-generated NFTs”.
What is Flare?
Flare is a Turing complete smart contract blockchain platform that provides a low-carbon emission alternative to Ethereum. While Ethereum does plan to move to Proof-of-Stake to address some of those issues, its current Proof-of-Work model still expends great energy.
More recently, Flare’s Canary network partnered with Panther to accelerate Defi adoption. They plan to integrate Panther’s Shielded Pools into its EVM to enable on-chain privacy for its users. Flare and Songbird have also embarked to bring privacy to various more popular cryptocurrencies, including XRP and DOGE.