Sportimex Partners with Lossless: Strong and Secure Tokenization is Here
We are excited to announce our partnership with Lossless, the leading provider of token security retrieval solutions in the Web3 industry. This collaboration will see the integration of Lossless’ token monitoring and retrieval capabilities into Sportimex’s player tokenization, further enhancing the security and reliability of our platform.
Securing Tokenization Methods on Sportimex
Sportimex transforms the sports industry by tokenizing elite sports athletes as Real-World Assets (RWA) – powered by Lumia, through blockchain technology and tokenized data. Our Player Tokens are based on authentic AI-led valuations of football players which then become tradable on the Sportimex Marketplace, eliminating intermediaries and opening up new income revenues for clubs. Fans and traders can also gain access to mind-blowing in-person club experiences and promotions through holding and trading the tokens.
Create Tokens, Create a Safer Environment to Trade
After the tokenization of the player has taken place through the 7-day buy window followed by the 45-day lock period, football fans and traders enjoy access to the secondary trading market for Player Tokens as well as epic exclusive in-person football experiences. Lossless shares our vision of using blockchain to improve trust and efficiency in the sports world, making them the perfect partner for this integration and they help bolster Sportimex’s tokenization technique.
In the Industry
On an industry wider scale, payment tokenization and asset tokenization were introduced as a way to protect payment card data, sensitive cardholder data (such as the primary account number / PAN) and personally identifiable information. Tokenization employs non-decryptable data to represent secret data and does not rely on a key, making it impossible to reverse mathematically with a decryption key. Thankfully, tokenization works without users needing to be aware of it and is in place to improve trust in digital transactions and the security of sensitive values. Lossless enables Sportimex to set in place another layer of blockchain transaction security.
Protect Data Asset Tokenization
Tokenization systems through Lossless mean payment processors from a crypto digital wallet or traditional payment card (credit card) or payment processor have a secure facility for the tokenization to occur and be impeccably maintained once acquired. Lossless’ reverse process solutions mean that any data breach, or data breaches, by third-parties affecting sensitive data of the asset can not only be frozen, but returned back to the project and holders.
Proactive Protection: Lossless Aegis
Lossless strives to protect sensitive data in the Web3 space by monitoring original data, ie. crypto tokens, and in the event of a malicious attack, reversing them back to their initial state for their original holders and the service provider. This effectively reverses the damage a bad actor causes for exploiting original sensitive data, no matter whether they are low value tokens or high value. Lossless has a proven history of recovering tokens after such a scenario, recovering $16.7m for CREAM, and $800k for Vulcan Forged.
Lossless: Trust in Web3 Security
Lossless is a pioneer in the field of token security, specializing in providing secure and reliable data security solutions for token-based assets. Lossless provides customizable end-to-end solutions for exploit monitoring, prevention and mitigation, ensuring trust within the football fan and Web3 community.
Lossless and Sportimex
Through this partnership, Lossless will integrate their digital tokenization security into our Sportimex platform when issuing and managing Player Tokens. This will not only streamline the safety process for creating such tokens but also provides an added layer of security to the digital asset through our blockchain technology. Lossless’ Aegis solution monitors and protects sensitive information like smart contracts and wallets, being proactive in hack interception, and giving real-time alerts back to Sportimex.
Tokenization Process is Seamless with Lossless
Real-time monitoring ensures customer trust as we create an enhanced encryption process for tokens to trade on the Sportimex Marketplace. Digital asset protection and asset tokenization becomes seamless with Lossless as the digital assets enter our tokenization arena. Whether using crypto payment or credit card data/other cardholder data, sensitive data elements for buying Player Tokens, the benefits of tokenization once purchased become simplistic with a secure and robust prevention and reversal mechanism in place with Lossless.
Benefits for Both Sportimex and Lossless
The collaboration between Sportimex and Lossless is mutually beneficial. For Sportimex, this partnership allows us to offer our users even greater security and reliability, further cementing our position as a trusted platform for trading digital player tokens. Lossless will also benefit from the exposure of our growing user base of sports enthusiasts. This allows them to expand their reach and showcase their innovative technology to tens of thousands turning to millions of global football fans as we progress.
Tokenization in Safe Hands
“As lifelong football fans ourselves, we at Lossless couldn’t be more excited about teaming up with Sportimex. This partnership is like bringing together a world-class striker and a rock-solid defender – Sportimex’s innovative Player Tokens paired with our ironclad security measures. We’re not just talking about protecting digital assets; we’re safeguarding the passion and trust of millions of fellow fans.” Kleanthi Vongli – CMO of Lossless.
“Our partnership with Lossless aligns perfectly with our commitment to providing the highest level of security and trust for our users. The team has a proven track record of token security solutions meaning we can confidently offer a secure platform for trading Player Tokens. We are excited to work together with the Lossless team.” Özcan Aytac – CEO of Sportimex.
Sportimex means Lossless
This collaboration between Sportimex and Lossless marks a significant step forward in the world of sports tokenization. By joining together, we can provide an unparalleled experience for fans, combining innovative technology with the safety features curated by Lossless.
Keep an eye out for more exciting developments from Sportimex and our partners at Lossless. Follow us on our social media for all the latest news and updates.
Sportimex: Rewarding Passion!
New to Sportimex? Welcome! Grab a training bib and download the Sportimex App now we have launched our first official Player Token with our partner football club.
