Blockchain is affecting more and more sectors. Today, you can buy houses, carry out financial transactions, certify your diploma and many other things. And the sports sector has been particularly open to this technology for some time.
Let us see in this article the different advances in this area.
Sports club fan tokens are on the rise
It is certainly football that arouses the most interest among the community of cryptocurrency holders. The Chiliz blockchain has widely popularized the concept with the creation of fan club tokens which are cryptocurrencies specific to football clubs. Football club fans (mainly) can obtain tokens of their favorite clubs.
Among the football clubs with their own tokens, we find Paris Saint Germain, Barcelona, Madrid, etc.
This allows fans of a club to get discounts on sporting goods, exclusive access to events and all sorts of other benefits. They may be invited to meet their favorite players or be able to meet at special events. Better yet, by holding fan club tokens, players can also take part in decisions regarding their clubs or teams.
Thus, on the Socios application (developed by Chiliz ), fans can use their fan club tokens and thereby support their favorite teams.
These are tokens that are used and exchanged on traditional exchange platforms. The interest in these tokens is not so much the valuation as the utility. Moreover, the value of fanclub tokens varies depending on the value that their fans place on them.
For the moment, it is mainly football clubs that are represented. However, more and more sports are opening up to blockchain technology.
Sports-related NFTs are becoming essential
The year 2021 was marked by the rise of NFTs, non-fungible tokens that can represent all kinds of items. An NFT can be a work of art, a video clip, equipment in a video game, diplomas and even services. In fact, anything can be represented by non-fungible tokens.
We will remember the record sales of short video clips on the NBA Top Shots platform. The clips feature high moments in American basketball. Some NFT clips sell for thousands of euros.
The Sorare company took the plunge by digitizing professional football players' cards. Users can collect them or speculate on their values. Users can then buy and resell cards from players around the world. The cards track the value of players based on their real-life performance.
Sorare is also a fantasy football game in which users can form virtual teams with their cards to face other players.
The platform has gained some notoriety and established advertising partnerships with renowned players like Kylian Mbappé.
Today, the Sorare company, with its success, offers baseball collectible cards.
Cryptocurrency sports betting is gaining popularity
There's also a clear shift in sports betting with blockchain. Now, more and more bettors prefer to use Bitcoin-based sports betting sites. Players use reputable platforms like Cloudbet to place their bets.
Some prefer to bet with stablecoins, while others use altcoins like ETH or even Dogecoin. Cryptocurrency transactions are faster and have lower fees. This gives platforms like Cloudbet a distinct advantage over their traditional counterparts.
Whether it's for FIFA football matches , tennis, golf or even horse racing, bettors are increasingly turning to sites using cryptocurrencies.
The advantages of betting on sports with Bitcoin lie in the speed of deposits and payouts. Players receive their winnings more easily, directly into a wallet of their choice.
Final word on the impact of blockchain in sport
Blockchain applications in the sports industry continue to expand. More and more companies in the sector are turning to this technology. The trend is becoming more and more evident with its share of innovations.
What is certain is that blockchain democratizes access to practices previously reserved for elites or fans. Today, doors are opening for more people thanks to cryptocurrencies.
Disclaimer: This is not investment advice. Only invest as much as you can afford to lose. Always do your own research.
#sport #socios #cloudbet #chilliz #sorare
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