How does the sports industry and NFTs go hand in hand?Posted by Martin nura on August 17th, 2022 Sports NFTs are digital collectibles or trading cards of favorite players from any sports. Over time, NFTs have out grown its conventional forms and have associated with them.
How do they work?In most of the cases, sports NFTs come as collectible cards. Here are a few examples of collectibles:
Memorabilias like trophies, awards and auto graph can be bought as NFTs.
Iconic moments from the field or behind the scenes can be sold as NFTs. Audio of conversation between two players or athletes or match commentary can be made available as NFTs.
Sports kits include socks, wrist bands, boots etc. Since these items are tokenized, the ownership and the value of these NFTs are secured.
Trading cards are quite famous in sports like baseball, hockey and football. Apart from the nostalgic connect that we have with these cards, they are a great way to support your favourite sports star. What do NFTs do to the sports industry?
ConclusionSports industry has evolved over the years. Players and athletes have adopted new ways to engage with the audience and create an identity for themselves. Sports NFTs have helped the players and athletes create a connection with the community and establish a brand and identity for themselves in the digital realm.
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