According to Price Waterhouse Coopers or PwC’s “Sports Outlook 2022 for North America” report, non-fungible tokens, or NFTs, and digital assets are among the top ten trends in the sports industry. The report lists three major use cases for NFTs, from transforming the technology infrastructure of sports to engaging fans, and their likelihood of defining the future of sports.
The first use case is collectible NFTs, i.e. assets used to sell a limited edition of authenticated collectible digital content. This refers to traditional memorabilia, such as player cards or ticket stubs from historical matches, that can be digitized, minted and sold on the blockchain. The report adds that these collectibles may eventually be displayed and shared across the metaverses.
The “most famous” example of an NFT collectible collection is the NBA Top Shot from Dapper Labs. “Basic moments in NBA history and recently ranked second behind Axie Infinity in the number of NFT transactions in the $827 million blockchain gaming industry in 2021. recently raised $170 million in Series B…
