SEF Virtus is the first multi-sports club to enter the world of blockchain sponsorships, signing an agreement with ChainOn, the first marketplace for buying and selling sponsorships in sports and entertainment through the use of proprietary algorithms, blockchain and artificial intelligence.
Thanks to the agreement, ChainOn becomes Innovation Partner of SEF Virtus and the latter, and the 8 Sections that compose it, will have access to the marketplace and will thus be able, with simplicity and transparency, to propose their sponsorship offers on the platform, identifying possible commercial partners and concluding agreements on blockchain with a 97% saving on research, negotiation, contracting and sponsorship management costs.
For ChainOn this is the second important agreement in a few days, after the one reached on March, the 1st, with Lega Pallavolo Serie A.
You can read the declarations of the CEO and Founder of ChainOn Giovanni Palazzi and that of the President of SEF Virtus Cesare Mattei in the Official Press Release.
