DeFi

Manchester United veterans partner Singapore billionaires with sports DAO

Ex Manchester United players including Gary Neville and Paul Scholes have teamed up with Singapore billionaires Peter Lim and his son Kiat to create a decentralised autonomous organisation (DAO) that will enable fans to make sports-related investments.

According to Kiat Lim, the DAO’s goal is to connect sports enthusiasts globally.

Dubbed ‘CO92’, in honour of the successful ‘class of 1992’ side, the DAO intends to focus on strategic projects with football-related entities.

“We are currently already reviewing a range of professional football project opportunities, and will announce developments in the months ahead,” said Kiat.

“We are bringing many cumulative years of experience and personal high-level networks into this project to try to make it as big a success as it can be.”

The Lim family didn’t reveal the amount of money that will be involved or give any further details on the ownership structure.

“There will be a public token sale with no minimum amount needed to participate, but specifics of allocation will be announced in due course,” Kiat Lim added.

The management team for the DAO also include Darius Sit, the founder of QCP Capital, QCP Soteria Node founder Sherwin Lee, and Gabriel Yang, who previously worked at the Monetary Authority of Singapore.

Along with Gary Neville and Paul Scholes, Phil Neville, Nicky Butt and Ryan Giggs are also understood to be involved in the DAO.

Teuta Franjkovic

Starting out as a staff writer with Cosmopolitan, Teuta has risen through the ranks of business journalism, editing daily newspapers and websites in the IT and economics industries. With a passion for creating opportunities and bringing people together, Teuta turned her attention to the world of crypto and blockchain. She holds a double MA in Public Politics and Entrepreneurship.

Disqus Comments Loading...

Recent Posts

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

1 week ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

2 weeks ago