This crowdfunding site lets fans pool their resources to buy their favorite college athletes a graduation gift. In this way, FanPay also acts as an incentive for student athletes to finish school by rewarding their performance both in and out of class.
Even though many promising sportsmen receive scholarships, balancing their work load with extracurricular commitments can be extremely challenging, especially since their amateur status prevents them from being paid in any capacity.
FanPay enables sports fans to help out be pledging funds to incentivize their performance with a graduation gift. This also works to improve the rate of graduation among such athletes. Users simply use the database to search for a player to make a contribution. Athletes can only receive it if they graduate, otherwise it is returned to the donor.
Athlete Incentive Platforms
FanPay Rewards Student Athletes with a Crowdfunded Graduation Gift
Trend Themes
1. Crowdfunded Graduation Gifts - Crowdfunding platforms that enable fans to pool resources and purchase graduation gifts for college athletes, providing a unique incentive for student athletes to finish school.
2. Performance-based Rewards - Incentive platforms that reward student athletes based on their performance both in and out of class, promoting academic success and graduation.
3. Amateur Athlete Support - Platforms that facilitate financial support for amateur athletes, addressing the challenge of balancing workloads and extracurricular commitments without receiving payment.
Industry Implications
1. Crowdfunding - The crowdfunding industry can leverage this trend by creating specialized platforms for fans to contribute towards graduation gifts for student athletes.
2. Sports Technology - The sports technology industry can explore opportunities to develop performance-tracking platforms that incentivize student athletes through crowd-funded graduation gifts.
3. Education - The education industry can utilize this trend by partnering with incentive platforms to improve the rate of graduation among student athletes through performance-based rewards and support.