Terminology

Disambiguating Acronyms and Defining The BCSports Vocabulary

BCSports has adopted the linguistic framework of Web3 into its communications and introduced a series of unique terminology to capture express some of the more exotic and complex concepts as succinctly as possible.

Below we have defined them:

ATLETA

The modular, multi-layered, EVM compatible, blockchain network developed by BCSports.

To learn more, please refer to the official ATLETA documentation.

ACM

The benchmark for establishing the economic well-being of the sports industry. The aggregate behavioral output of all tokenized asset activity that serves as a benchmark for establishing the economic well-being of the sports industry.

Just as in legacy economic models, assets are brought to market individually and then once aggregated become a barometer/index representative of an economies well-being; athletes are the equivalent of those individual components within a biological setting.

IAO

A modified version of IPO, IDO, ICO, IEO, etc., IAO’s or Initial Athlete Offerings are a model for crowdfunding and issuing digital assets representative of an Athlete. Athletes are the kernel that generates all the biological performance data; they are the colloquial “superheros” that inspire generations and push humanity to challenge preconceived material notions of physics.

DSO

Focused adaptation of DAOs (Decentralized Autonomous Organizations) for the department of Human Performance (sport). DSOs, or Decentralized Sports Organizations, are vehicles for social coordination that can be composed vertically and horizontally. Verticle DSOs would be examples of media companies with regular sports fans as their reporters or guilds of athletes that are equally owned by supporters/fans. Horizontal DSOs would be standard generic groups of token holders who aggregate among themselves to build fantasy teams, athletes with digitally native guilds exclusively for other athletes, or legacy sports organizations that tokenize themselves.

SportFI

A portmanteau of Sports and Finance; SportFI is an umbrella term used to refer to the pseudo-financialized ecosystem that becomes possible due to the establishment of biologically-rooted economic primitives.

D.ID.

D.ID is the acronym for Decentralized Identity. D.ID. refers to a novel paradigm of data ownership where the proof of identity is issued by a credibly neutral source, while being managed and owned by the user to whom it was issued. Those that wish to record their provenance can do so without the counterparty risks of governments subversion or the need to subject themselves to jurisdictional lock-ins.

Phygital

A mixture of the words, Physical and Digital, Phygital is a type of asset that has a material presence with a digital counterpart. Typically, phygital is used when referring to consumer goods such as footwear, jewelry, and even art.

RWA

Real World Assets; RWA is a sector of the crypto economy that refers to assets existing in the legacy economy. Everything from Real Estate, Stocks, Bonds, Credit Lines, Automobiles, Luxury goods, Contracts and so on, all fall under the umbrella of RWA.

If, for any reason, you are still having trouble understanding any of the concepts, think they require more clarification, or would like to request the addition of more terms, please do not hesitate to reach out to the team on any one of our Social Media Channels.