Sports team ownership. This is so cool. I can't tell you it's going to happen. Can't tell you it's going to be successful.

but I think it's awesome and I'm here for it. Securitize will issue Socios's tokenized sports team equity. So what they're doing here,

they're developing tokenized minority ownership interest in professional sports teams.

So these product products will be called Socios equity tokens. Now, anyone who's been following along knows that Socios has issued fan tokens, which

are basically, you know, uh, fan rewards and participation, like, uh, we've had for years, but tokenized, which has been a very successful product. They have over 70

organizations they do this with, mostly in football like Barcelona, Manchester City, Arsenal, PSG and Juventus. That's football, uh, for uh the inferior people that are not Americans.

Our footballs are oblong and we throw them.

You guys actually use your feet. I guess that makes sense.

So yeah, football being uh soccer,

as we call it here in the United States. So

this is really cool. So the teams will basically be be able to take out a tranch of equity that's a minority stake and sell that via a token and the token holders will get all of the rights of being an actual owner

of their favorite sports team. I I think it's really cool. They'll get all the voting rights that come with it. They'll get all of the other things, uh the ability to earn money on these.

So no teams agreed to participate yet. This is just an announcement. We don't know the offering size, the valuation, what blockchain it'll be on, what the investor requirements are.

Of course, any offering here would require approval from owners leagues and regulators, but this is a legitimate pop partnership. And if you're wondering why it's Socios and securitized. So what securitized here,

who already, I think administer $5 billion in tokenized assets with Apollo and BlackRock and the biggest institutions on the planet. They're a publicly traded company.

They would manage securities issuance, investor onboarding, official ownership records, transfer restrictions, and ongoing services. But seriously, imagine like if you're a die-hard fan of a team your entire life and you can legitimately now take a piece of ownership of that team.

You can participate in the upside, for most of you, the downside because your team sucks.

Um, you can lose money with your team, right? But you'll actually be able to take a financial stake in the future of your team. I think this is really cool. It hearkens back to a lot of the ideas that we saw

early in the web three days. And we know that in crypto, we have these bubbles, right? We have the D5 summer and the NFT and Metaverse fall and it comes and it goes, but usually in the next cycle or down the road, some more mature iteration of what effectively failed and was a bubble in a previous cycle comes to fruition.

And I think that this is one of those examples where we could see exceptional traction and real excitement from the ideas of web three and ownership through crypto that we had in previous cycles.

I just think this is a really, really, really cool story and I hope that it works out exceptionally well.