National Cricket League
LA Legends
Own a piece. Be a part.
Own a piece of LA Legends cricket team playing at National Cricket League in Dallas, Texas on October 4th, 2024.
More details
In Chatello, fractional NFT ownership of a cricket team works by dividing the ownership of the team into digital shares represented by non-fungible tokens (NFTs). Each NFT fraction represents a percentage of ownership in the team.
Profits from the cricket team are tracked and distributed on the blockchain. Smart contracts are used to automate the distribution process based on the percentage of ownership represented by each NFT fraction.
Additionally, the transparency of the blockchain provide investors with a clear record of ownership and profit distribution, enhancing trust and accountability in the process.