Sports NFTs Shouldn’t be Compared to Memes, Here’s Why — Steemit
Blockchain adoption is spreading rapidly across industries and the sports industry is no exception. NFTs which stands for Non-fungible tokens are the latest type of digital asset that exists on a blockchain and have inspired developments in many sports.
With over 8,000 different types of games being played around the world today, NFTs are set to disrupt the ecosystem for fans, players, brands, clubs, associations, leagues, and intellectual property owners.
NFT Opportunities
At the present time, the major NFT opportunities in the sport and gaming world are around digital trading cards and content such as player artwork, graphics, avatars, branded content, 3D art, video, and event ticketing. This is an emerging space and manufacturers are finding more unique ways to build NFTs into various games and offer it to fans for engagement.
Other types of NFTs include certificates, prizes, autographs of favorite players, and other sports memorabilia like trophies are catching attention. These sports-focused digital collectibles make it easy for fans to connect with their favorite teams or athletes. On the other hand, brands directly connect with their fans and target audience.
Definitely Not Just A Meme
Sport NFTs are not just memes they hold a value, a coded authenticity certificate, and these are not fungible. These NFTs are created to make money and users can buy them and sell them at even higher prices. NFTs are also making noise in the Fantasy sports market, and the popularity will only grow with time.
A fantasy sports platform provides an additional opportunity to make some profit just by showcasing your gaming knowledge. This type of platform provides an opportunity to create your own team by selecting players from different teams, by doing so the user will act as the manager of the team. If your team scores more points you will not only be on top of the table but you will also win a bigger part of the prize pool.
Thus, NFTs are not just beneficial to the NFT creators but also to users in many ways. And maybe it is being attacked due to unmatched popularity in memes but definitely, it is not memes.
There are many big names in this market and their NFT platforms are doing well and making headlines on daily basis.
Have you heard about Doxy?
The Doxy platform is a live and fantasy sports platform developed on a blockchain that verifies the owner of all the assets involved. This also includes franchisees, active players, and all the way down to the lowest probability. This platform is the perfect example of utilizing the power in Sport NFTs.
Doxy is a blockchain-based platform that provides equal and more opportunities to the user. The project has Doxy finance, Doxy Exchange, Doxy token, and a proper mechanism to allow users to buy and sell NFTs and trade-in sport very smoothly. Users can also withdraw funds from the platform easily. Doxy is upgrading the Fantasy sports market and you can join this revolution today.
Originally published at https://steemit.com on January 27, 2022.