Deloitte Predicts That Sports NFT Sales Will Double In 2022

Deloitte Predicts That Sports NFT Sales Will Double In 2022

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 […]


Related News

Blockchain, crypto set to take sports industry beyond NFT collectibles

Deloitte expects an eventual rise in blockchain-enabled innovations; as a result, “The use of NFTs, crypto, fan tokens, and ticket innovations will grow and evolve.” Bitcoin (BTC) has been attributed as the most prominent blockchain use case, showing the technology’s prowess in successfully delivering an immutable and truly decentralized ledger over the past 13 years. Adding to the years of innovations since then— that saw the introduction of altcoins, non-fungible tokens (NFT), decentralized finance (DeFi) and more, a study conducted by fintech giant Deloitte highlighted the untapped....

Crypto Corner: The Sports Slice

You might call Floki Inu a meme-coin, but the token secured a major sponsorship over the past week that will put the blockchain’s logo in front of quite a few eyeballs. Powerhouse consulting firm Deloitte has something to say about sports NFTs as we look towards a new year. Meanwhile, one sports executive thinks that […]

Crypto Corner: The Sports Slice

Sports monsters in European football were particularly aggressive this past week in crypto engagement, while analytics firms like Deloitte and Nielsen predict growth for the years ahead in crypto and blockchain sports sponsorship spend. FC Barcelona and Manchester City led the charge in sports headlines around crypto this week, but for two entirely different reasons. […]

Deloitte Imagines Bitcoin Betting in Stadiums of the Future

A new paper from Deloitte re-imagines the sports stadium concept in light of a number of developing technologies. Notably, Deloitte gives the example of a fantasy sports-style interaction — a "game within the game" — where bets are placed using bitcoin "on in-game events, or use stadium-provided technology for other micro-transactions". The consultancy sees the sports stadium experience as one ripe for technological innovation, building on what's already taking place on the court or field. The paper explains: "While a team is focused on delivering the best possible....

Deloitte: Blockchain Systems Could Rival ACH Network By 2025

A new report by the Deloitte Center for Financial Services predicts that permissioned blockchain payment systems will see “significant transaction volume” by 2020. Such systems, the report said, could reach the scale of the ACH network, which processes 23 billion transactions annually, by 2025. Elsewhere, it projects that bitcoin and digital currencies will go mainstream, but that many alternative cryptocurrencies would likely vanish or be replaced by “state-sponsored” digital currencies. Deloitte's findings come as part of a broader report assessing how disruptive forces are expected to....