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.
The deal comes as the NBA prepares to start its 2021–2022 season, marking the association’s 75th anniversary.
Coinbase announces multiyear partnership with NBA and WNBA
NFTs celebrating significant basketball moments from the mid-2000s have proved to be a big hit among NBA Top Shot collectors.
Retro NFT packs drive frenzied NBA Top Shot speculation
NFT art and sales dominated headlines all throughout 2021, and now that crypto has gone mainstream, Shaq says the sector is primed for expansion.
NFTs allow people to ‘interact with crypto in a hands-on way’ — Shaq
The UK gambling watchdog is trying to determine whether fantasy NFT soccer game Sorare should be required to have a gambling license.
UK Gambling Commission opens inquiry into fantasy NFT soccer game Sorare
“We believe that NFTs can significantly accelerate the development of women’s sports,” Sorare CEO Nicolas Julia told Cointelegraph.
Valued at $4.3B, NFT platform Sorare to invest in women’s sports
Ten finalists, including Magnus Carlsen and Wesley So, will compete for the Champion’s Trophy NFT, while a replica will be made available for auction.
NFT for the win: Grandmaster Magnus Carlsen chases a nonfungible trophy
The NFL has official confirmed its partnership with Dapper Labs to drop NFTs, renowned DJ Paul Oakenfold is dropping a tokenized album on Cardano, DC is giving ...
Nifty News: DJ Paul Oakenfold to launch album on Cardano, NFL confirms NFTs, and more