Sports Fans Ready To Move Beyond The Hype And Make NFT Investments: Survey Re...
On July 23, the National Research Group (NRG) released research on the perceptions of non-fungible tokens among sports fans. The research findings indicate that 64% of sports fans are interested in finding out more about NFTs and would consider buying at least one in the future. Blockchain technology in the form of non-fungible tokens enables users […]
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Over the last year and a half, non-fungible tokens (NFT) have seen massive hype and millions of dollars worth of sales executed at auctions. A recent survey produced by bonusfinder.com shows sports fans are doubtful of the NFT craze as the poll’s findings show nearly three out of four people are “moderately skeptical” about the long-term outcome of NFTs as an investment. Sports Fans Are Skeptical of NFTs but 62% Know About the Technology Non-fungible tokens have been a very hot topic in 2021 and worldwide Google Trends (GT) data shows the subject reached an all-time high....
The prolonged crypto winter razed off the inflated floor prices across the NFT ecosystem, inadvertently changing investor sentiment and forcing users to rethink their long-term investment strategies. The heavy involvement of the sports ecosystem is what expedited nonfungible tokens’ (NFT) mainstream adoption as the teams and players leveraged the technology for fan engagement. However, sports fans revealed their interest in moving beyond the hype and making investments based on knowledge about NFTs and trust in the issuers.The prolonged crypto winter razed off the inflated floor prices....
Sports-related NFTs need to provide some tangible benefits or else sports fans will just view them as another ploy to exploit their fan loyalty. In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.Die-hard sports fans first got a taste of how digital assets could become the next sports memorabilia phenomenon back in June 2020, with the launch of Dapper Labs’ NBA Top Shot Moments nonfungible token (NFT)....
In the first move of its kind in the professional sports world, the Sacremento Kings (an NBA team (National Basketball Association), will be accepting bitcoins in exchange for tickets and Kings merchandise, according to a number of reports. As mentioned, they're the first sports team of any to do this, so it's a milestone for the digital currency, without a doubt. The Kings have partnered up with digital currency payment processor BitPay to make this happen, and customers can visit the Kings' retail store in Sacramento, California right now to buy their wares. For those not in the area,....
The crypto crossover into sports continues to evolve each week. Dominating the headlines this week was the NFL’s move to finally dip their toes in the sand that is NFTs. The historic sports league will be working with Flow blockchain creators Dapper Labs for a ‘Top Shot’-esque marketplace for football fans. Let’s dive in on […]