Even if you are not into techs, you must have known about the non-fungible tokens or NFTs, at least from a famous celebrity or from your favourite brand. NFTs are so popular today that they have invaded every industry and every nook and corner of the world. If there is a sector that hasn’t tried using NFTs yet, there would be no such thing as NFTs have been used are at least tried to be implemented in every industry possible. Sports NFTs are something that is gaining momentum even before the boom of NFTs in 2021. Here is what the sports industry does with NFTs today.
Sports NFTs and fan engagement!
NBA Top Shot was the first popular Sports NFT that captured a lot of NBA fans. With Top Shot, fans were able to get tradeable ownership of mind-blowing NBA moments(videos). This made other sports like NFL, Cricket, Formula 1, Soccer, and many others take NFTs for their fan engagement.
But this time, they are not just giving moments as NFTs; they also came up with other innovative ideas. Digital Playing cards and NFTs came out. There were also playing card NFTs from star players that were launched for philanthropic and environmental causes. This not only made fans support their players but also made them contribute to a social cause.
On the other hand, the token gated community concept also paved the way for better fan engagement. NFTs as membership tokes to official fan clubs of sports teams, clubs, and players emerged. Sports fans indeed gave an overwhelming response to these Sports NFTs and purchased them from sports NFT marketplaces.
Bottomline
The inclusion of NFTs is not confined to the above-mentioned cases. Sports NFTs can even be used for game or match ticketing and whatnot. There is also a sports-based Gaming industry that offers a play to earn platform to enjoy the sports as well as earn a passive income through it. Sports NFTs will get more significance and hype in the future with interesting updates and utilities as well.
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