⚽SPORTS NFT INDUSTRY

After making waves in the art industry, NFTs are making a big splash in the sport industry of late and growing by leaps and bounds across the world. A report by Deloitte Global predicts that about 4–5 million sports fans globally would purchase or be gifted an NFT sports collectible by the end of 2022.

NFTs are increasingly being used in popular sports such as football, basketball, baseball, American football, ice hockey among others. It is just a matter of time before all sports start offering some form of NFT.

NFTs are fast becoming digital equivalents of printed sports trading cards. Sports trading cards, which sell for large sums of money, have long been a major revenue source for teams and leagues, especially in the American market.

The upcoming football tournament is the biggest sporting event on the face of Earth! The most extravagant sporting event in the world, where the best of football teams from around the world compete once every four years, is also the event which witnesses fan frenzy of unparalleled proportions.