If you haven't heard the word NFT or Non-Fungible Token, you should be either living in space or under rocks. NFTs are so popular now, that they are very close to getting adopted by the masses. It is not a surprise that the sports industry is also taking up this new buzz that is making the roar. Sports NFTs are now not just digital collectibles. They are now a part of history, memorabilia, and even a token that holds sports utilities. Though NFTs went popular only in 2021, sports NFTs started to emerge even before mid-2020. Fans did give an overwhelming response for them when they were not even that popular. Here is everything you need to know about NFTs in the Sports industry.
The inclusion of Sports NFTs!
Non-fungible Tokens came out with the concept of giving tradeable ownership to digital files. Any file from an image to video or music can be made as an NFT. This intrigued creators and came up with NFTs of gaming moments. That is if you’ve ever been intrigued BY Michael Jordan’s slam dunk or Ronaldo’s bicycle kick, or even MS Dhoni’s helicopter shot, you can own them. Yeah! You heard it right; you can officially own the videos of these moments as an NFT on the blockchain and can even trade them for real money. It all started with the NBA Top shot, and today a lot of Sports NFTs are coming out. They include digital playing cards with utilities, game tickets, and even gaming NFTs.
This doesn’t stop here. Sports NFTs are getting even better with utilities. For example, you don’t have to wait in queues to get your merch. Purchase the NFTs online from the sports NFT marketplace, and claim your merch from the offline store. A lot of things are happening around the sports industry with NFTs today.
Outlook
The significance of Sports NFTs in the Industry is getting big and bigger, and this will eventually get mainstream soon. NFTs with utilities are also emerging, giving a new level of fan engagement.