High-profile athletes are spending huge amounts on NFTs: Here's why
Worldwide nonfungible token trading was worth around $40 billion in 2021, and it has since attracted some big names in the sports industry. Athletes have been known to invest in a range of assets and businesses, but now they're also getting into cryptocurrency and blockchain.Nonfungible tokens (NFTs) are a relatively new form of tokens that allows for the exchange, trade and ownership of unique digital assets. According to market data, worldwide NFT trading was worth around $40 billion in 2021, and now some professional athletes have joined the movement.I just acquired MAYC #10442 from my....
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NFT art and sales dominated headlines all throughout 2021, and now that crypto has gone mainstream, Shaq says the sector is primed for expansion. Nonfungible tokens, or NFTs, have been a revolutionary force in the crypto, arts and sports industries, not only because of the financial liberation successful projects offer to creators but also their ability to bring art lovers closer to creators and bring athletes closer to their fans. Prior to 2021 — and a few blockbuster sales from Beeple — NFT-based art was relatively obscure. And while OpenSea was in existence, the massive trading volumes....
Athletes and entertainers announcing new non-fungible token (NFT) releases have recently become a near daily occurrence. Sports agency Wasserman announced this week that several of their top-tier female athletes will be the forefront of a new NFT release, including US Women’s National Team star Megan Rapinoe and eleven-time WNBA All-Star Sue Bird. Wasserman titled the […]
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....
Sports NFTs are getting an upper hand, sent by closely-knit communities around sports stars, teams, and leagues. The big “calling” for fans is how they can get closer to their favorite athletes, collaborate with them and even have an impact on some of their decisions. Blockchain is the enabler for all of this, and Blockasset is what blockchain looks like when it’s an adrenaline-pumped fan shouting “LET’S GO!!!”. Aiming to connect star athletes and clubs with their fans via cutting-edge tech, Blockasset sets up collaborations with major sports celebrities, builds a community of fans and....
Twitter just made NFT owners’ day by announcing the availability of NFT profile images for IOS users. In September of last year, Twitter introduced Bitcoin tipping and said that users will soon be able to validate NFTs. This announcement demonstrates Twitter’s commitment to cryptocurrency adoption. Twitter Blue To Allow NFT Profile Pictures Twitter announced in […]