A sport is an activity organized with certain rules that are aimed to compare physical or intellectual skills of two or more participants. In terms of Bitcoin in sports, it has become so popular that even sports team or individual sportsmen issue their own cryptocoins or invest into blockchain technology. Some big sport shops allow people buying electronic tickets and sport equipment to use Bitcoin. Besides this, another way of using cryptocurrency and blockchain in sports is through Bitcoin sport betting, which is becoming more and more popular due to its anonymity, security and high speed of payment processes that solve the problem of possibility being banned or frozen on the Bitcoin sports betting sites or of money being stolen.
Soccer clubs are now resorting to blockchain and crypto for fan engagement, tokenization and even new signings, with the potential for many more use cases.
Hat-trick hero: Empty stadiums get blockchain and soccer to play together
Dynamo Kyiv wants to tap into an additional revenue source as stadiums remain empty.
Ukrainian football club Dynamo Kyiv to launch blockchain-based fan tokens
Binance is set to list OG, ATM and ASR in its Innovation Zone and open trading against major cryptocurrencies like BTC and USDT.
Binance launches trading and staking for three more Chiliz fan tokens
The appetite for blockchain-based fan tokens appears to be limitless among big-league soccer clubs across the globe.
İstanbul Başakşehir is the latest soccer club to launch a fan token
The Ethereum blockchain-based fantasy soccer game Sorare has signed on its latest top European club.
Bayern Munich joins the blockchain-based fantasy soccer trend
A fantasy sports platform is the first decentralized exchange for fractional NFTs, where DeFi economic incentives are connected to real-life statistical data.
Sports fans can trade ‘fractional NFTs’ based on real-life sports statistics
For now at least, the partnership appears focused on mutual brand outreach and marketing.
Crypto trading platform Bybit partners with soccer club Borussia Dortmund