MetaFans: The Future of Sports Fandoms with NFTs

As the NFT craze continues to sweep across the industries of the world, it’s clear that the technology is moving away from the fringe “tech enthusiast” space and into the limelight. At this point, it is safe to assume that everyone has heard of cryptocurrencies such as Bitcoin and Ethereum, but crypto alone is far from the only game in town. NFTs (non-fungible tokens) are quickly surpassing cryptocurrencies in popularity as they gain mainstream attention for their use in sports, gaming, contemporary art, and even real estate. Currently, the NFT market boasts a multi-billion dollar valuation which is bigger than many well-established cryptocurrencies projects that have been around for several years. The market is projected to grow even more as companies and organizations begin to adopt these NFTs across an array of different industries. However, while they are mostly associated with art or gaming and collectibles NFTs are also making waves in the sports industry. NFTs in Sports The world of sports makes for a prime example of how NFTs can truly change the way fans interact with each other as well as with their favorite teams. Consider, for example, fans of a specific football club. Every year season ticket holders have to decide whether or not they’ll renew their tickets as prices increase. In addition to this, members must also decide if they want to upgrade their seats or even purchase new ones. Every ...