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.
Sports-related NFTs need to provide some tangible benefits or else sports fans will just view them as another ploy to exploit their fan loyalty.
Exploiting sports fans through NFTs won’t lead to a W
The founder of the Azuki NFT project has been accused of abandoning three projects and Instagram has partnered with Dapper Labs to roll out Flow NFT support.
Nifty News: Azuki founder under fire, CryptoPunk sells for a major loss and more
Africa’s top golfers are set to receive Bitcoin prize money after ground-breaking sponsorship of the Sunshine Tour.
Africa’s top golfers to shoot for Bitcoin prize on Sunshine Tour
Ice Cube said he is down with the “DogeArmy” after Bill Lee bought $625,000 worth of NFTs tied to the rappers’ BIG3 basketball league in DOGE.
Ice Cube backs DOGE and an ‘incredible and historical’ transaction
SportemonGo will no longer be sponsoring pro-football teams, Steve Irwin’s zoo is launching NFTs and Leeds United is selling tokenized jerseys to support Ukrain...
Nifty News: Steve Irwin's zoo conservation NFTs, SportemonGo is gone, and more
The proof-of-stake blockchain will assist FIFA in developing a “digital assets’ strategy” along with providing an official “wallet solution.”
Algorand becomes first US blockchain sponsor of FIFA World Cup
Athletes are slowly becoming more and more interested in contracts paid out in crypto. What’s their reasoning, and how does this impact the blockchain industry...
What major sports are paying athletes in crypto?