PwC report calls NFTs 'the future of digital assets in sports'
The report asserts that digital assets can fundamentally alter how fans consume sports and interact with their favorite teams. Nonfungible tokens, or NFTs, and digital assets are one of the ten major trends within the sports industry, according to the consultancy Price Waterhouse Coopers', or PwC, Sports Outlook 2022 report for North America. From altering sports technology infrastructure to driving fan engagement, the report lists three main use cases for NFTs and their likelihood to shape the future of sports.The first use case is collectible NFTs — assets used to sell collectible,....
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We kicked off the week with our usual Sports Slice report, covering off on all of the latest events in sports and crypto. In last weekend’s report, we highlighted Ocavu and their new deal with BYU Athletics. We took a moment to chat even further on BYU Athletics, sports and NFTs, and more with the […]
A look at the many ways in which nonfungible tokens are being utilized to increase fan engagement in the sports sector. Nonfungible tokens (NFTs) have grown a lot in popularity since the release of CryptoKitties in 2017, with the sector expected to move over $800 billion in the next two years. Some of the most well-known use cases for NFTs are picture-for-proof projects such as the Bored Ape Yacht Club and play-to-earn gaming projects. NFTs have also attracted attention from the sports industry, with professional sports leagues setting up their own platforms for fans to engage with their....
We have seen non-fungible tokens (NFTs) make big moves in the sports industry this year. And multinational professional services network Deloitte has said that sports NFTs are not going anywhere. According to predictions that the consulting giant released on Wednesday, sports-related NFTs will account for more than $2 billion in transactions next year. This amount […]
A fan-centric Web3 sports platform uses NFTs to bring a new level of connectivity and ownership to betting on the success of upcoming athletes. Nonfungible tokens (NFTs) and the sports world are on a mutually beneficial trajectory into the next generation of connectivity.The latter is a catalyst for more mainstream adoption, with average sports fans rushing to collect NFT memorabilia and Web3-backed event tickets. While NFTs give the industry never-before-experienced levels of democracy and the connectivity which fans crave.The platform FANtium is using NFTs to take financing athletes to....
One of the hottest trends in the crypto industry, Non-Fungible Tokens (NFTs) have ushered in a new wave of crypto adoption. As nascent class created for the digital world, NFTs are yet to exhaust their use cases. The sports entertainment sector has been particularly keen to embrace this new technology supported by the blockchain. In this outlook, with an increasing demand for NFTs and a generation of people eager to own digital assets, SporsIcon offers users a way to experience the sports they love on a whole new level. Designed to be the best platform for sports NFTs, the project will....